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Federal Govt Unveils Housing Roadmap, Targets Mass Homeownership Through PPPs

Kingsley Okoh by Kingsley Okoh
5 months ago
in Business
housing
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The Federal Ministry of Housing and Urban Development has said it will unveil a strategic housing roadmap before the end of May as part of efforts to expand home ownership and scale up housing delivery through Public-Private Partnerships across the country.

The Minister of Housing and Urban Development, Muttaqha Darma, disclosed this during the second edition of the Renewed Hope Housing Public-Private Partnership Summit held in Abuja.

Darma said the outcomes of the summit would be a critical part of the ministry’s strategic plan to transform housing delivery and drive economic growth.

According to him, the strategic framework, which followed consultations with departments and agencies under the ministry, would provide direction for implementing housing policies and projects through collaboration with the private sector and other stakeholders.

“Whatever plan we come up with, we will pursue diligently to ensure that it delivers meaningful results for Nigerians,” he stated.

The minister revealed that ongoing housing projects in Ibeju-Lekki, Lagos State; Lambu, Kano State; and Karsana, Abuja, would be commissioned by President Bola Ahmed Tinubu upon completion.

He added that the ministry intended to scale up housing delivery nationwide through sustainable frameworks anchored on strong PPP models, innovative financing mechanisms and inclusive participation.

“This would ensure that thousands of Nigerians would soon become homeowners, with roofs over their heads as these housing projects continue to expand nationwide,” he stated.

Darma noted that the projects had contributed to job creation by engaging artisans, engineers, contractors, suppliers and other professionals in the construction sector, while also stimulating economic activities in host communities.

He further disclosed that the ministry, in collaboration with the Renewed Hope Infrastructure Development Fund, was delivering 1,550 housing units for military personnel as part of efforts to improve the welfare and living conditions of members of the Armed Forces.

While acknowledging progress made so far, the minister stressed the need to complete all ongoing projects within reasonable timelines and according to the highest standards.

“We remain fully committed to the timely completion and commissioning of all ongoing Renewed Hope Housing Projects across the country,” he assured.

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Darma urged financial institutions to develop flexible and accessible housing finance products that reflect the realities of Nigerians and encouraged state governments to provide land and enabling environments that support efficient housing development.

Darma also said the ministry would begin nationwide assessments next week to verify the availability of the houses and ensure the projects exist beyond documentation.

He said the housing units, if confirmed, would provide accommodation for more than 60,000 previously unhoused Nigerians.

“I’ve been made to understand that more than 15,000 units of houses are now available to Nigerians. Now, in the next three months, if what I’ve been told is true, I assure Nigerians that 15,000 houses or more than 15,000 houses will be available for occupation by Nigerian families,” the official stated.

He explained that the estimate was based on an average family size of four persons.

“And that means over 60,000 unhoused members of families, unhoused individuals, taking an average of four people per family, father, mother, and two children, will be housed in the next three months,” he added.

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Kingsley Okoh

Kingsley Okoh

Kingsley Okoh is a Business Reporter with Leadership Newspaper and a graduate of Delta State University, where he earned a B.Sc. in Sociology. He specialises in SMEs, real estate, and FMCG brands, and is known for exclusive business reports, compelling human-interest stories, and in-depth features that track emerging industry trends and market dynamics.

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