Nigeria To Kickstart Social Housing Initiative
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Nigeria’s President Bola Ahmed Tinubu is set to launch the construction of 3,112 affordable housing units in the Karsana area of Abuja, in the Federal Capital Territory (FCT) on 8 February.
The project is a pilot for the government’s Renewed Hope Cities and Estates Programme and will kickstart a series of groundbreaking ceremonies for the affordable housing scheme.
This follows the signing of a memorandum of understanding (MoU) late last year by the Ministry of Housing and Urban Development for the initiative, which involves the delivery of 100,000 affordable housing units across the country.
The work will be undertaken by a consortium led by the local Continental Civil & General Construction Company and Ceezali under a public-private partnership (PPP) agreement. The team will provide construction finance and build the housing units based on agreed housing designs and prices.
The Federal Ministry of Housing and Urban Development is pleased to inform the public that His Excellency, President Bola Ahmed Tinubu, GCFR, will officially launch the Ministry’s Nationwide Renewed Hope Cities and Estates Programme with a pic.twitter.com/tuJuGkAARH
— Federal Ministry of Housing and Urban Development (@fmhud_ng) February 5, 2024
The Renewed Hope Cities and Estates Programme will be implemented in two phases, with the first to deliver 20,000 units in the FCT, while the second will deliver 60,000 units in select locations across the country.
In addition to Karsana, other projects include the 2,500 Renewed Hope City housing units at the Ibeju-Lekki Coastal City in Lagos, a 500-housing unit Renewed Hope Estate in Kano and 250 Renewed Hope Estates in 12 states, two in each geopolitical zone, in Ogun, Oyo, Akwa Ibom, Delta, Abia, Ebonyi, Nasarawa, Benue, Yobe, Gombe, Katsina and Sokoto.
“We recognise that we cannot tackle Nigeria’s housing problem from budgetary allocation. So, we have prioritised [PPPs] as effective tools for complementing government efforts to bridge the housing deficit,” said Minister of Housing and Urban Development Ahmed Dangiwa during the MoU signing in late December 2023.
The Renewed Hope Cities and Estates programme aims to increase housing stock in Nigeria and bridge the housing deficit. Under the initiative, the cities will have a minimum of 1,000 housing units per site in one location in each of the six geopolitical zones of the country and the FCT, while the estates will have a minimum of 500 housing units per site in the remaining 30 states.
The cities and estates will be designed as integrated living communities targeting all income brackets, with one, two and three-bedroom blocks of flats for low and medium-income earners as well as two and four-bedroom terraces and four and five-bedroom duplexes for high-income earners.
At the core of the Renewed Hope Cities and Estates Programme is the cross-subsidy component in which 80% of the housing units developed will be sold at a commercial rate while 20% will be sold at concessionary rates to low and medium-income Nigerians who are members of the Nigeria Labour Congress and the Trade Union Congress.
In October 2023, Dangiwa said Nigeria needs to build about 550,000 new homes per year over the next 10 years.
Photo: MoU signing ceremony (Source: Facebook @ Information ministry)
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