We are delivering, Tinubu highlights progress on 100,000 home promise

President Bola Tinubu highlighted significant progress in his administration's housing initiatives, asserting that the Renewed Hope Agenda is delivering on its promise of affordable homeownership. He stated that thousands of housing units are currently under construction across Nigeria, fulfilling a key pledge made to citizens.

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When I placed the Renewed Hope Agenda before Nigerians, I did not speak of housing in vague terms. I gave my word that this administration would work to make decent homes affordable again, and that a hardworking family, after years of paying rent, would finally have a path to a house of its own.

Tinubu outlined the ambitious scale of the housing program, which initially targeted 100,000 units nationwide, with 50,000 in the first phase. These are being developed through city-scale projects in each of the six geopolitical zones and the Federal Capital Territory, alongside estates of up to 500 units in other states.

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We promised a programme built on a national scale, 100,000 homes in all, with 50,000 in the first phase through cities of 1,000 units in every geopolitical zone and the Federal Capital Territory, and estates of up to 500 units in the remaining 30 states.

Specific progress includes the groundbreaking for over 3,000 housing units in Karsana, Abuja. In Lagos, a 2,000-unit housing estate in Ibeju-Lekki is nearing completion, with sales already underway. Cumulatively, more than 15,000 housing units are in various stages of construction across the country.

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What stands today is no longer a drawing. We broke ground on more than 3,000 homes at Karsana in Abuja, the 2,000-unit city at Ibeju-Lekki in Lagos has reached advanced completion with sales already underway, and across the country, more than 15,000 units are rising as I write this.

Beyond construction, the administration is addressing structural challenges in the housing sector. This includes reforms to land titling, aiming to increase formally registered land from less than 10 percent to a projected 50 percent nationwide, in collaboration with the World Bank. Additionally, frameworks for equipment leasing have been strengthened to improve contractors' access to construction machinery, fostering greater legal certainty for financing.

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So we have moved to title land that sat for generations as dead capital, working with the World Bank to lift this nation from fewer than one plot in ten formally registered toward one in two.