FG Plans 100,000 Housing Units For Vulnerable Persons Across 774 LGAs, Seeks Investors

FG Plans 100,000 Housing Units For Vulnerable Persons Across 774 LGAs, Seeks Investors

The Federal Government has announced plans to deliver 100,000 social housing units for vulnerable groups across all 774 Local Government Areas (LGAs).

Arabia to take advantage of the huge opportunities in Nigeria’s housing sector.

He disclosed that Nigeria’s huge housing deficit offers enormous business opportunities, adding that the Renewed Hope Cities and Estates Programme serves as a low-hanging fruit for investors in the Middle Eastern nation to take advantage of and get good returns.

The Forum themed, “Balance and Innovation in the Real Estate Landscape.” was held at the Four Points Hotel in Riyadh and featured esteemed panellists including HE Eng. Abdullah Al-Attiya, Minister of Municipality, Qatar, and HE Dr. Abdulla Muththalib, Minister of Construction, Housing, and Infrastructure, Republic of Maldives.

Nigeria’s real estate sector contributed around 5.2% to the nation’s GDP in 2024, and will increase in market volume to $2.25 trillion by the end of 2025, Dangiwa noted, saying that despite this, there is still tremendous opportunity for investment, especially in the Residential Real Estate segment.

“Nigerians need homes now more than ever and you can partner with the Nigerian government to deliver these houses at scale,” he said.

Dangiwa noted that Nigeria faces an estimated housing deficit of 28 million units, a situation exacerbated by rapid urbanisation and migration.

“The government is tackling this by prioritizing large-scale housing delivery through public-private partnerships, innovative financing, and government-led interventions. Additionally, efforts are underway to engage state governments in unlocking land for affordable housing projects, as difficulties in land acquisition continue to hinder progress,” he added.

Speaking on the theme, Dangiwa set the context by emphasising that housing is a fundamental driver of economic growth, social stability, and national development.

He, however, said that achieving a balance in the real estate sector between affordability and profitability means that the challenges of sustainability and cost efficiency, as well as policy and private sector incentives, must be addressed.

and reduce costs. By promoting local production and reducing dependence on expensive imports, Nigeria aims to build more homes efficiently and affordably,” he stressed.

Declaring that Nigeria’s Real Estate sector is open for business, Dangiwa reaffirmed the government’s commitment to creating an enabling environment for real estate growth through strong policies, regulatory frameworks, and investment incentives.

“Collaboration with the Nigeria Governors’ Forum is also ongoing to improve land access, streamline approval processes, and enhance urban planning policies. Furthermore, urban renewal and slum upgrading initiatives are being expanded to improve living conditions in rural, semi-urban, and urban areas,” he explained.

While he acknowledged the headache investors feel about achieving balance in the sector, he urged all not to treat balance and innovation in real estate as mutually exclusive, noting that they can be pursued simultaneously through smart policies, innovative financing, sustainable construction, and digital transformation.

He reiterated his commitment to advancing policies that make housing more accessible, affordable, and sustainable in alignment with the Renewed Hope Agenda of the Tinubu Administration.