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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Nigeria to provide land for 10,000-home housing project in partnership with Chinese investors

From The Punch · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The Nigerian Federal Government is ready to partner with investors to provide land for mass housing projects, aiming to address the country's housing deficit.
  • Minister of Housing and Urban Development, Muttaqha Darma, met with a Chinese delegation interested in a large-scale affordable housing initiative.
  • This partnership aligns with President Bola Tinubu's agenda to expand access to housing through public-private collaborations, utilizing advanced construction technology.

Nigeria's Federal Government is actively seeking partnerships with credible investors to tackle the nation's significant housing deficit. Minister of Housing and Urban Development, Engr. Muttaqha Darma, expressed the government's willingness to provide land across the country for mass housing projects during a meeting with a Chinese delegation.

The delegation, led by Chief Engineer Lewis Chima, proposed a collaboration to deliver large-scale affordable housing nationwide. Darma highlighted that this initiative directly supports President Bola Tinubu's "Renewed Hope Agenda," which prioritizes increasing access to affordable and sustainable housing through public-private partnerships. He assured investors of a conducive environment, including 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. This proposal is encouraging because it aligns with the Renewed Hope Housing Programme and our determination to reduce the nationโ€™s housing deficit.

โ€” Muttaqha DarmaThe Minister of Housing and Urban Development stated the government's commitment to facilitating housing projects by providing land and support.

Chima noted that Nigeria's estimated housing deficit of 17 million units presents a substantial market opportunity. The proposed project aims to complement the government's housing program by offering durable, rapidly deployable, and affordable housing solutions using modern industrialized construction technology. The company plans to employ a prefabricated construction model, integrating design, financing, construction, and delivery into a single framework to efficiently address the housing gap across Nigeria's six geopolitical zones.

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 Nigeriaโ€™s housing gap while supporting the Federal Governmentโ€™s vision of affordable housing for all.

โ€” Lewis ChimaThe Chief Engineer of the Chinese delegation explained the project's goal of building sustainable communities and closing the housing gap.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.