The Federal Government has disclosed plans to construct 77,400 homes, with 80% designated for low-income earners who will pay progressively using one-third of their monthly income.
Additionally, 20% of the units will be offered free of charge to vulnerable populations.
This effort seeks to enhance access to affordable housing and tackle the housing shortage in the nation.
The effort, which will be carried out under the Renewed Hope Social Housing Programme set to launch soon, aims to deliver 100 housing units in each of the 774 local government areas across the country.
Minister of Housing and Urban Development, Ahmed Musa Dangiwa, shared the announcement while hosting a delegation from Creative Sphere Limited at the Ministry’s headquarters in Mabushi on Wednesday, as detailed in a Ministry statement released Thursday.
“The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has announced that the widely-discussed Renewed Hope Social Housing Programme will soon be launched by President Bola Ahmed Tinubu as part of efforts to meet the housing needs of Nigerians, regardless of class or income level,” the statement read in part.
It added, “Arc. Dangiwa elaborated that the Renewed Hope Social Housing Programme is structured to provide homes for low-income earners, the unemployed, vulnerable groups, and Internally Displaced Persons (IDPs), spanning both the formal and informal sectors.
“Regarding the distribution of the houses, the Minister clarified that 80% of the houses will be sold to Nigerians residing in the local government areas who earn a living wage, adding that interested individuals will be required to contribute one-third of their monthly income. The remaining 20% of the housing units will be allocated free of charge to citizens with low or no income, such as widows, orphans, and others identified as vulnerable in society.”
Dangiwa also stated that the houses are expected to be completed within a year from the programme’s launch.
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The programme will be funded through the Renewed Hope Infrastructure Development Fund (RHIDF), which is committed to supporting large-scale housing projects.
Each housing estate will be fitted with vital community infrastructure, including schools, clinics, recreational spaces, police outposts, and shopping malls, ensuring a balanced environment for residents.
The statement further emphasized that this social housing initiative is part of a wider national housing strategy that also includes the development of Renewed Hope Housing Estates and Renewed Hope Cities, aimed at providing long-term, affordable housing solutions throughout the country.
By selling 80% of the housing units at affordable rates and reserving the remaining 20% for the most vulnerable citizens, the government aims to promote an inclusive housing system that is accessible to all Nigerians.