The Federal Ministry of Housing and Urban Development has reaffirmed its commitment to tackling Nigeria’s housing challenges through Public-Private Partnerships (PPPs).
Minister Arc Ahmed Musa Dangiwa disclosed that the ministry is intensifying efforts to harness PPPs to deliver affordable housing and urban development projects.
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The minister noted that Nigeria’s housing deficit stands at over 20 million units, requiring an investment of over N5 trillion annually to bridge the gap.
He explained that to address this challenge, the ministry is exploring innovative PPP models, including collaborations with multilateral institutions and private sector developers.
Dangiwa hinted that, the ministry has signed a landmark agreement with Shelter Afrique Development Bank to deliver 5,000 affordable housing units, with plans for nationwide expansion.
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“The ministry is also partnering with the National Population Commission to develop a National Housing Data Infrastructure”
The minister reiterated the government’s commitment to delivering the Renewed Hope Agenda, a comprehensive plan to address Nigeria’s housing and urban development challenges.
“The agenda includes the delivery of 200,000 affordable housing units by 2030, as well as the development of 50 urban and slum upgrade projects nationwide”
He called on private sector developers and investors to partner with the government in delivering the Renewed Hope Agenda.
“We need more PPPs to drive these ambitious projects. If you have value to add to our work, you can be assured of a willing and committed partner in us,” the minister said.