DANGIWA WOOS FOREIGN INVESTORS FOR RENEWED HOPE HOUSING PROGRAMME AT SAUDI REAL ESTATE FORUM   Tuesday, January 28, 2025, Riyadh - Hon. Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has called on global investors in Saudi Arabia to take advantage of the huge opportunities in Nigeria's housing sector, specifically the Renewed Hope Cities and Estates Programme of the Federal Government.   Speaking in a Panel Discussion at the Saudi Arabia Real Estate Forum yesterday, he disclosed that Nigeria's huge housing deficit offers enormous business opportunities, and the Renewed Hope Cities and Estates Programme serves as a low-hanging fruit for investors in the Middle Eastern nation to take advantage of and get good returns.   The Forum themed, "Balance and Innovation in the Real Estate Landscape." was held at the Four Points Hotel in Riyadh and featured esteemed panelists including HE Eng. Abdullah Al-Attiya, Minister of Municipality, Qatar, and HE Dr. Abdulla Muththalib, Minister of Construction, Housing, and Infrastructure, Republic of Maldives.   "Nigeria's real estate sector contributed around 5.2% to the nation's GDP in 2024, and will increase in market volume to $2.25 trillion by the end of 2025. Despite this, there is still tremendous opportunity for investment, especially in the Residential Real Estate segment. Nigerians need homes now more than ever and you can partner with the Nigerian government to deliver these houses at scale," he said.   Dangiwa noted that Nigeria faces an estimated housing deficit of 28 million units, a situation exacerbated by rapid urbanization and migration. "The government is tackling this by prioritizing large-scale housing delivery through public-private partnerships, innovative financing, and government-led interventions. Additionally, efforts are underway to engage state governments in unlocking land for affordable housing projects, as difficulties in land acquisition continue to hinder progress," he added.   Speaking on the theme, Dangiwa set the context by emphasizing that housing is a fundamental driver of economic growth, social stability, and national development. However, achieving a balance in the real estate sector between affordability and profitability means that the challenges of sustainability and cost efficiency, as well as policy and private sector incentives must be addressed.   "In Nigeria, rapid urbanization, population growth, and economic pressures necessitate a rethinking of housing delivery strategies. The Federal Government is committed to addressing these challenges through initiatives like the Renewed Hope Cities and Estates Programme, the National Social Housing Fund, and strategic partnerships with local and international stakeholders," he said.   Addressing the tension between affordable housing and profitability for developers, he acknowledged concerns that affordability often conflicts with commercial viability. "To counter this in Nigeria, the government is using incentives such as bankable offtake guarantees, facilitated land access, and low-interest financing to encourage investment in affordable housing.   "The planned National Social Housing Fund aims to mobilize long-term concessional financing to ensure accessibility for lower and middle-income Nigerians. Furthermore, innovative models such as off-plan sales and bulk purchasing by cooperatives are being explored to reduce financial risks for developers while ensuring affordability for buyers," he noted.   The Minister also touched on the subject of sustainability, stressing that energy-efficient buildings, the use of local materials, and smart construction techniques ultimately lower maintenance and operational costs. On this note, he said the Ministry is working with international partners like IFC EDGE to integrate green building practices into Nigeria’s housing sector through capacity building, technology transfer, and financial incentives. "Additionally, the establishment of Building Materials Manufacturing Hubs across Nigeria’s six geopolitical zones is expected to reduce reliance on imported materials, cut costs, create jobs, and support sustainable housing solutions," he said.   He further assured the investors of the government's commitment and actions towards enhancing the affordability of Nigerians to purchase homes through mortgage. Dangiwa pointed out that high-interest mortgage rates, which can reach up to 30% per annum, have historically made homeownership difficult for many Nigerians. To address this, he said the government is expanding the Federal Mortgage Bank of Nigeria’s reach and recapitalizing it with N500 billion to provide more accessible single-digit mortgage products.   "Additionally, collaborations with the Ministry of Finance Incorporated are in progress to leverage the Nigerian Capital Market and mobilize private sector funding for housing development. The Real Estate Investment Fund, targeting 12% mortgage interest rates instead of the market’s 28-30%, aims to provide bankable offtaker guarantees for developers. Meanwhile, rent-to-own schemes are being introduced to facilitate homeownership through flexible payment structures, including a rental assistance product that enables qualifying applicants to pay rent in monthly installments rather than upfront lump sums," he added.   Technology and digital transformation in real estate also formed part of the Minister’s discussions. He underscored the importance of PropTech in digitizing property transactions and management, making them more efficient and secure. He revealed that this was being done in collaboration with the World Bank, who is undertaking a National Land Registration and Documentation Programme to streamline land titling, enhance transparency, and improve formalization in the sector.   "Localization of housing production remains a priority, with the Ministry championing modular and prefabricated housing technologies to accelerate delivery and reduce costs. By promoting local production and reducing dependence on expensive imports, Nigeria aims to build more homes efficiently and affordably," he stressed.   Declaring that Nigeria's Real Estate sector is open for business, Dangiwa reaffirmed the government’s commitment to creating an enabling environment for real estate growth through strong policies, regulatory frameworks, and investment incentives. "Collaboration with the Nigeria Governors’ Forum is also ongoing to improve land access, streamline approval processes, and enhance urban planning policies. Furthermore, urban renewal and slum upgrading initiatives are being expanded to improve living conditions in rural, semi-urban, and urban areas," he explained.   While he acknowledged the headache investors feel with regards to achieving balance in the sector, he urged all not to treat balance and innovation in real estate as mutually exclusive, noting that they can be pursued simultaneously through smart policies, innovative financing, sustainable construction, and digital transformation. He reiterated his commitment to advancing policies that make housing more accessible, affordable, and sustainable in alignment with the Renewed Hope Agenda of the Tinubu Administration.   ...

Belgore Applauds Nigeria's HCSF, Walson-Jack's effort to make Nigerian Civil Service a World Class    Permanent Secretary, Federal Ministry of Housing and Urban Development,  Dr Shuaib Muhammad Lamido Belgore has applauded the Head of Civil Service of the Federation, Mrs Didi Esther Walson-Jack for her effort in making Nigerian Civil Service a world class service.    Belgore spoke on the sideline following a landmark study tour to Singapore by the Nigerian Head of Civil Service of the Federation, Walson-Jack along with the 36 States' Heads of Civil Service and the FCT.    Dr Shuaib Belgore was part of the delegation to Singapore led by the Head of the Civil Service of the Federation, Dr Didi Esther Walson-Jack.    Singaporian Public Service is a global model, renowned for efficiency and accountability, and the study tour by Nigeria was meant to adapt, enhance and bring the Nigeria’s Civil Service at par with the global best.   He said " The purpose of the study tour is to leverage Singapore's public service excellence and apply the same to accelerate an efficient service delivery in Nigeria"    Accordingly,  he explained that since assumption in to office, Mrs Walson-Jack has expanded collaborations and engagement with stakeholders, international development partners and has received significant support from the United Nations Development Programme (UNDP)   " The study tour is no doubt a landmark for Nigerian Civil Service under the headship of Mrs Walson-Jack, aimed at bringing the Service at par with the global best " he added    ...

Renewed Hope Medic Estates, Cities Underway - Dangiwa  *  10,000 housing units across the nation  *   Health Ministry, FMBN, REDAN, PPP involved *  Wellbeing of health care workers, a priority of Renewed Hope Agenda Ministry of Housing and Urban Development in collaboration with the Real Estate Developers Association of Nigeria (REDAN) plans to construct 10,000 housing units RENEWED HOPE MEDIC CITIES across the country in order to meet the housing needs of the Nation’s medical workers. Housing Minister,  Ahmed Dangiwa disclosed the plan during his meeting with the leadership of the Nigerian Association of Resident Doctors (NARD), Thursday,  23rd, January, 2025 in Abuja. He appreciated the commitment and sacrifices of the medical workers in saving lives even under challenging conditions, noting that their well-being which includes access to decent and affordable housing was a priority that aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR and the mandate at this Ministry. “Housing is a fundamental need that directly impacts productivity, stability, and quality of life. We recognize the difficulties many healthcare workers face in securing suitable accommodation, particularly in high-demand urban centers where medical facilities are concentrated. Addressing these challenges requires strong partnerships between the government and professional bodies like yours”, he added. Restating the objective of the Renewed Hope Housing Programme to expanding access to affordable housing for all Nigerians, Dangiwa informed the delegation that, 10,112 housing units were currently under construction in fourteen locations across the country which includes 3,112 units of Renewed Hope Cities in Karsana Abuja, 2,000 units in Lagos State, and 2,000 units in Kano State.  Accordingly, the Minister also said that there were twelve on-going Renewed Hope Estates of 250 units each in twelve States, adding that the Ministry plans to extend to the remaining 18 states in the country, “Your members can take advantage of these housing projects to own their homes”, he encouraged. On the ownership options to the housing units, the Minister informed of an Up to 30-Year National Housing Funds (NHF) Mortgage Loans, a Rent to Own option, Instalment Payment, as well as an Outright Purchase option, adding that the online portal https://renewedhopehomes.fmhud.gov.ng was created by the ministry for ease of application for the homes. The Minister further expressed the commitment of the Ministry to supporting policies and programs that uplift the living standards of Nigerians. “Your visit today strengthens our resolve to design housing interventions that serve our national heroes-those who dedicate their lives to saving others”. He said. Speaking earlier, National President, Nigerian Association of Resident Doctors, Dr. Tope Osundara, appreciated the Minister for supporting and keying into President Bola Tinubu’s Renewed Hope Agenda, by championing the Renewed Hope Housing project, and making NARD a beneficiary. Emphasizing the importance of the Resident Doctors to the Nation’s Health Care System, the NARD President appealed to the Minister to assist the association to key into the Renewed Hope Housing Agenda, pointing out that it would play a significant role in forestalling the long standing issue of Nigerian Doctors leaving the country. Dr. Osundara informed that the Association is proposing a 1000 housing unit under phase one for a start in the Federal Capital Territory (FCT), which would serve as a template and encourage other members of the association across the states to key in. He also noted the importance of building housing units for the Doctors in the hospital premises, considering that the Resident Doctors are ideally supposed to be resident within the hospital in order to enable timely attendance to emergencies. Also speaking, the representative of REDAN and a member of NARD, Dr. Suleiman Abubakar Sadiq explained that the RENEWED HOPE MEDIC CITIES project for the Health Workers would be a partnership between the Ministries of Housing and Health, Federal Mortgage Bank of Nigeria and a Public Private Partnership arrangement.   According to him, the housing construction which is expected to commence across the country between January and February 2025, aims to build 10,000 housing RENEWED HOPE MEDIC Estates and Cities across the Nation.   Dr. Sadiq expressed hope that the project would be a significant step toward,  enhancing the welfare of healthcare workers and ensuring they have access to safe and affordable housing, thereby improving morale and productivity in the health sector. ...