FG offers land to investors for mass housing projects
Summarized and contextualized by DistantNews.
At a glance
- Nigeria's Federal Government is offering land to investors for mass housing projects to address the nation's housing deficit.
- The initiative aligns with President Bola Tinubu's 'Renewed Hope Agenda' for affordable housing.
- A Chinese delegation has proposed a partnership using prefabricated construction technology to build 10,000 units within 30 months.
Nigeria's Federal Government is actively seeking partnerships with credible investors to tackle the country's significant housing deficit, offering land across the nation for mass housing projects. Minister of Housing and Urban Development, Muttaqha Darma, announced the government's readiness to collaborate during a meeting with a Chinese delegation.
The delegation, led by Chief Engineer Lewis Chima, presented a proposal for large-scale affordable housing development. Minister Darma welcomed the initiative, stating it aligns perfectly with President Bola Tinubu's "Renewed Hope Agenda," which prioritizes expanding access to affordable and sustainable housing through public-private partnerships. Darma emphasized the ministry's commitment to fostering an enabling environment for investors, facilitating land access and providing institutional support.
"Our mandate is to ensure that more Nigerians have access to affordable and decent housing. We are therefore ready and willing to provide land in Abuja, across the states and in local government areas, subject to due process and the fulfilment of all statutory requirements," Darma said. He noted that the proposal is encouraging and directly supports the government's determination to reduce the national housing deficit.
Our mandate is to ensure that more Nigerians have access to affordable and decent housing. We are therefore ready and willing to provide land in Abuja, across the states and in local government areas, subject to due process and the fulfilment of all statutory requirements. This proposal is encouraging because it aligns with the Renewed Hope Housing Programme and our determination to reduce the nationโs housing deficit.
Chima highlighted Nigeria's substantial housing demand and economic potential as key attractions for investment. He pointed out the estimated deficit of 17 million housing units, underscoring the need for large-scale interventions. The proposed project aims to complement the government's housing program by delivering affordable, durable, and rapidly deployable housing solutions across Nigeria's six geopolitical zones using modern industrialized construction technology.
The company plans to utilize advanced prefabricated construction technology under an Engineering, Procurement, Construction, and Financing (EPCF) model. This integrated approach is expected to enable the delivery of 10,000 housing units within 30 months, while also reducing construction costs. The project's objective extends beyond mere construction to developing sustainable communities.
The objective of this project is not merely to construct houses, but to develop sustainable communities through modern industrialised construction technology. We believe this initiative will make a significant contribution towards closing Nigeriaโs housing gap while supporting the Federal Governmentโs vision of affordable housing for all.
Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.