The federal authorities has reported the supply of greater than 240 urban renewal and slum-upgrading projects nationwide, with over 100 others at numerous phases of implementation, because it intensifies efforts to deal with Nigeria’s housing disaster and regenerate deteriorating cities.
The minister of Housing and Urban Development, Muttaqha Rabe Darma, disclosed this on Monday in Abuja on the mixed commemoration of the 2026 World Habitat Day and World Cities Day, held below the worldwide observance of Urban October.
Darma stated the federal government was implementing reforms to develop entry to first rate and inexpensive housing, enhance urban infrastructure and promote sustainable human settlements below President Bola Tinubu’s Renewed Hope Agenda.
He defined that the reforms included strengthening housing establishments, bettering land administration, selling bodily planning and establishing native building-materials manufacturing hubs to scale back development prices, stimulate home manufacturing and create employment.
The minister stated the Renewed Hope Cities and Estates Programme was concentrating on 100,000 housing items throughout the 36 states and the Federal Capital Territory, with projects in Abuja, Lagos, Kano and different states.
He cited the groundbreaking of the 250-unit Renewed Hope Civil Service Estate at Dukpa, Gwagwalada, in August as a part of the federal government’s homeownership drive.
However, he acknowledged that prime rates of interest, restricted long-term funding, stringent eligibility necessities and low mortgage penetration remained main obstacles to homeownership.
He stated the ministry was strengthening housing finance establishments, selling rent-to-own preparations and public-private partnerships, and advancing the National Urban Development Policy and different planning frameworks.
Darma additionally known as for stronger enforcement of constructing requirements, together with the modernisation of the National Building Code, and the event of a dependable National Housing Data Bank to information funding and coverage selections.
He burdened that urban regeneration have to be inclusive, environmentally sustainable and designed to guard current residents from pointless displacement
The Chief Technical Adviser and Head of the UN-Habitat Nigeria Country Office, Niina Rinne, stated Nigeria should look past setting up homes to planning higher neighbourhoods and cities.
Rinne warned that poorly positioned housing might improve transportation prices, pressure infrastructure and expose communities to environmental dangers, stressing the necessity for built-in urban planning, efficient land administration and clear land-tenure preparations.
She stated current neighbourhoods and casual settlements also needs to profit from improved drainage, safer streets, public areas and climate-resilient infrastructure, including that communities should take part in selections affecting their houses and livelihoods.
The Managing Director and Chief Executive of the Federal Mortgage Bank of Nigeria, Shehu Usman Osidi, stated the financial institution financed 6,911 inexpensive housing items in 2025, representing 96 per cent of its annual goal of seven,200 items.
Osidi disclosed that greater than N208 billion in housing and mortgage loans was accredited through the interval, with over N120 billion disbursed to help housing development, mortgage financing, residence renovation, cooperative housing and rent-to-own initiatives.
He stated the financial institution would start implementation of its non-interest mortgage product and hire help scheme earlier than the tip of October, including that the initiatives had been designed to develop housing finance choices and ease the burden of hire funds for federal civil servants.
Osidi additionally highlighted the National Housing Fund Diaspora Mortgage Loan, which permits Nigerians dwelling overseas to put money into housing again residence, saying the financial institution would proceed working with the ministry and different stakeholders to make homeownership extra accessible.
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