


Federal Executive Council Approves Revised National Urban Development Policy To Transform Nigeria’s Urban Future * Policy aligns with Renewed Hope Agenda, SDGs obligations, New Urban Agenda, Paris Agreement on Climate Change, AU Agenda 2063 In a landmark decision that underscores the Federal Government’s commitment to sustainable urbanisation, the Federal Executive Council (FEC) has approved the revised National Urban Development Policy (NUDP). The Policy provides a transformative framework to guide urban planning, development, and governance across Nigeria, over the next decade. The revised policy, developed by the Federal Ministry of Housing and Urban Development in collaboration with UN-Habitat and other key stakeholders, replaces the previous 2012 edition. It reflects the pressing realities of Nigeria’s urban challenges and the country’s global development commitments. The policy aligns closely with the President Bola Ahmed Tinubu’s Renewed Hope Agenda as well as Nigeria’s obligations under the Sustainable Development Goals (SDGs), the New Urban Agenda, the Paris Agreement on Climate Change, and the Africa Union Agenda 2063. With over 70% of Nigeria's population projected to live in urban areas by 2050, the need for a new, integrated urban development framework has become urgent. The NUDP responds to this challenge by introducing a "business unusual" approach that departs from fragmented, reactive planning, and embraces proactive, inclusive, and long-term strategies. It recognises that effective urban development requires strong institutions, strategic leadership, and citizen participation. A major focus of the policy is the strengthening of urban governance. It advocates for the creation of metropolitan commissions and regional planning bodies to manage Nigeria's fast-growing urban regions and conurbations that cut across administrative boundaries. This includes enabling a more coherent system of cities, improved intergovernmental coordination, and decentralised urban management structures. In terms of social inclusion, the policy embeds a pro-poor, pro-vulnerable urban design philosophy. It calls for planning and development that prioritise women, youth, persons with disabilities, and the informal sector. By improving access to housing, infrastructure, public spaces, and basic services, the NUDP aims to create cities where all residents can live with dignity and opportunity. Climate change is another critical pillar of the new policy. Nigeria faces escalating climate risks including flooding, drought, desertification, and extreme weather events. In response, the NUDP mainstreams climate resilience into urban planning. It promotes green infrastructure, nature-based solutions, renewable energy adoption, and spatial strategies like compact, walkable neighbourhoods-commonly known as the "15-minute city" model-to build cities that are not just liveable but also sustainable. Equally important is the policy's emphasis on urban economic transformation. It positions cities as engines of economic growth, job creation, and diversification beyond oil. By promoting spatial efficiency, mixed-use development, and better integration of land use and transport systems, the NUDP seeks to harness the productivity and innovation potential of dense, well-connected urban centres. The policy also supports improved municipal finance systems to enable cities to raise more own-source revenues and reduce over-reliance on federal allocations. Recognising the importance of technology and data in effective urban management, the policy encourages the adoption of Geographic Information Systems (GIS), Light Detection and Ranging (LIDAR) mapping, and other digital tools to support evidence-based planning, land administration, disaster preparedness, and efficient service delivery. To ensure success, the NUDP provides a clear implementation framework with defined roles for federal, state, and local governments. It calls for capacity building, public awareness campaigns, and strong partnerships with the private sector, academia, and civil society. Monitoring and evaluation mechanisms are embedded to ensure accountability and track progress. The approval of the National Urban Development Policy (NUDP) marks a significant milestone and a major achievement for the Ministry. In addition to this success, the Ministry is actively advancing several other key initiatives, including the National Physical Planning Standards, which is currently undergoing extensive stakeholder engagement at various levels. Another important initiative, the National Policy on Rural Settlements Planning and Development, seeks to address the challenges of rapid urbanization by identifying development gaps in rural areas and providing targeted solutions. This approach aims to reduce the pressure on urban centers by discouraging rural-to-urban migration through improved rural development. Furthermore, a number of regional development plans are presently in progress across the country. These initiatives collectively demonstrate the Ministry’s strong alignment with the Renewed Hope Agenda of President Bola Ahmed Tinubu, an agenda that prioritizes not only housing delivery but also the broader goal of sustainable urban development. Speaking on the significance of the policy approval, the Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, stated: The Ministry will immediately begin nationwide sensitisation and capacity-building engagements to support the effective rollout of the policy. The NUDP document can be accessed on the Ministry’s website via https://www.fmhud.gov.ng/themes/front_end_themes_01/images/download/25060893318.pdf
* NUDP, a critical milestone in Nigeria’s urban journey - Dangiwa
"The NUDP is a critical milestone in Nigeria's urban journey. It provides us with a clear roadmap to plan and build cities that are productive, liveable, inclusive, and climate-resilient. With this policy, we are better positioned to harness the full potential of our urban spaces to drive national development and uplift the quality of life for all Nigerians."
Dangiwa Encourages Continuous Dialogue, Mutual Respect with Civil Servants Union * says consistent staff welfare, a priority Minister of Housing and Urban Development, Arc Ahmed Musa Dangiwa, has encouraged continuous dialogue, mutual respect, and the pursuit of shared goals between the leadership of the civil servants Union and the Management of the Ministry. “Together, we can create a work environment that not only meets the aspirations of our workforce but also drives greater productivity, service delivery, and national development” he said. Dangiwa spoke when he received the National leadership of the Association of Senior Civil Servants of Nigeria (ASCSN) led by its President, Comrade Shehu Mohammed on a couresy vist to the Ministry, Tuesday, April 29th, 2025. Dangiwa expressed the commitment of his leadership to building a Ministry where officers feel valued, opportunities for growth encouraged and welfare of staff consistently prioritized. He appreciated the timely nature and significance of the visit in reflecting the spirit of partnership between organized pressure groups and the government; “It shows that beyond the call of duty, there is a desire on your part to collaborate in building a stronger and more effective public service”, he added. While acknowledging the indispensable role of the Civil Servants in driving the wheels of progress, he recognized that no policy, plan, or reform can succeed without the commitment and dedication of the workforce. The Minister was pleased to inform the Union about the Renewed Hope Housing Programme embarked on by the Ministry, under the Renewed Hope Agenda of President Bola Ahmed Tinubu. He noted that under the programme, Cities are currently being developed in Abuja, Lagos, and Kano states; and the Estates across twelve states nationwide, offering a variety of decent, quality, and affordable homes that civil servants can access. Accordingly, Dangiwa explained that while some units under the Renewed Hope Cities may be priced beyond the immediate affordability of many civil servants, the Renewed Hope Estates, which are being directly delivered and subsidized by the Federal Government, offers affordable options specifically targeted at workers and low to medium-income earners. He enlightened the Union of various structured and flexible financing options available through the Federal Mortgage Bank to include: a 30-year National Housing Fund mortgage loans, Rent-to-Own schemes, Installmental Payment plans, and Outright purchase for those who have the capacity. The Minister encouraged the civil servants to take advantage of the Renewed Hoped Estates and the financing opportunities available through the FMBN. Speaking earlier, the National President of the Association of Senior Civil Servants of Nigeria (ASCSN), Comrade Shehu Mohammed commended the Minister for initiating strategic plans to address the housing deficit in the country, noting that Nigerian civil servants, regardless of their income level, now have access to decent housing. Comrade Mohammed also lauded the Minister’s commitment to resolving the issue of inadequate office space within the Ministry, as demonstrated by the ongoing construction of a new office complex. Commenting on the recent revocation of provisional offers of housing allocation under the National Housing Programme (NHP), the ASCSN President appealed to the Minister to provide another opportunity for civil servants whose offers were revoked due to their inability to meet the payment deadline. He explained that many affected workers were constrained by the declining value of the new minimum wage of N70,000, which has been eroded by rising costs of goods and services. Comrade Muhammad also raised other pressing concerns, including the payment of repatriation allowances for retiring officers, the provision of first 28-days allowances for newly recruited officers, and the prompt disbursement of death benefits to the families of deceased officers. He highlighted the challenges of inadeqate transportation buses for staff and emphasized the need for continuous training and retraining of staff to enhance their productivity and service delivery. While appreciating the Ministry's annual financial contribution to the union's May Day celebration, Comrade Mohammed appealed for an increase in the amount allocated for celebration, citing the prevailing economic conditions and rising prices. In his remarks, the Permanent Secretary of the Ministry, Dr. Shuaib Belgore reaffirmed the ministry's core mandate to ensure access to affordable housing, noting that significant efforts were being made to meet this goal, especially for civil servants, through various ongoing housing projects of the Ministry, across the country. While addressing some of the concerns earlier raised by the Union, Dr Belgore explained the Ministry’s efforts to ensure that staff welfare, training and benefits are prioritized. He informed that the Ministry was making efforts in the area of repatriation to clear backlog of the death benefits and first 28 days, despite the insufficiency of the overhead cost of the Ministry. Accordingly, he assured that the Ministry was making plans to provide four brand new buses for staff of the Ministry, as part of efforts to support staff mobility. He as well promised that further consideration would be made to what has been approved for the May Day celebration. ...
Dangiwa Reads Riot Act to Renewed Hope Housing Developers * Warns of blacklisting non-performing contractors and demolition of substandard works The Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has issued a stern warning to developers handling Renewed Hope Housing Projects across the country, urging them to ensure timely delivery and strict adherence to quality standards. Speaking during a status review meeting with developers on ongoing housing projects in several states, the Minister made it clear that the Federal Government will not tolerate negligence, substandard execution, or delays in project delivery. “This administration is committed to doing things differently. Do not assume it’s business as usual. It is not. If you signed a contract with the government, you must deliver accordingly,” the Minister stated emphatically. Arc. Dangiwa declared that non-performing contractors risk being blacklisted—not just from future housing projects with the Ministry, but from all Federal Government housing and infrastructure contracts. He also warned that any substandard structures discovered on project sites will be demolished and the responsible contractors sanctioned. “We are not just building houses, we are building homes. If you collect government funds, you must deliver results. We will not fold our arms and allow incompetence or bad faith to derail the Renewed Hope Agenda,” he said. While expressing appreciation for developers who have shown commitment and professionalism, the Minister reaffirmed the Ministry’s determination to honour all contractual obligations—provided that quality and timelines are respected. In a related directive, Arc. Dangiwa tasked Federal Controllers of Housing in the states to intensify monitoring and supervision efforts on all project sites. He urged them to provide consistent guidance and ensure that construction activities proceed smoothly and in compliance with specifications. The Renewed Hope Housing Programme is a flagship initiative of President Bola Ahmed Tinubu’s administration, designed to expand access to affordable housing for Nigerians and drive inclusive development. ...
DANGIWA REAFFIRMS COMMITMENT TO SUPPORTING QUANTITY SURVEYORS REGISTRATION BOARD * says board's expertise in cost control, contract administration, procurement auditing, more critical than ever Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has reaffirmed the commitment of the Ministry to supporting the Quantity Surveyors Registration Board of Nigeria (QSRBN,) in order to effectively fulfill its statutory functions. The Minister made this known, Tuesday, 15th April, 2025, when the members of the Quantity Surveyors Registration Board of Nigeria (QSRBN), paid him a courtesy visit at the Ministry’s Headquarters, in Abuja. He acknowledged the role of the QSRBN in the collective efforts to reposition Nigeria’s housing and construction sector for greater efficiency, accountability, and professional excellence, saying that the quantity surveying profession was essential to ensuring cost transparency, value for money, and fiscal discipline in the execution of construction projects. “At a time when we are pushing aggressively to deliver on the Renewed Hope Housing Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR, your expertise in cost control, contract administration, and procurement auditing is more critical than ever”, he explained. While commending the Board for its professionalism, Dangiwa urged them to take their regulatory oversight role seriously by ensuring proper training and licensing of professionals to practice ethically, stating that it was a sure way of safeguarding the integrity of the profession and supporting the government’s agenda of eliminating waste, corruption, and substandard practices in the built environment. The Minister emphasized on the role of the QSRBN in contributing to the sector's development and providing procurement standards, cost estimating methodologies, and benchmarking practices that align with international best practices. “We will also count on your support in strengthening quality assurance and control on our project sites nationwide, particularly under the Renewed Hope Housing Programme, the National Urban Renewal and Slum Upgrade Programme, and the Building Materials Manufacturing Hubs we are working to establish across the six geopolitical zones”, he added. Arc. Dangiwa further encouraged the Board to work closely with the ministry to deepen collaboration, transparency and accountability in housing delivery. On concerns raised by the President of the QSRBN, the Minister gave the assurance that the issues around funding for the Board as well as recovering their hijacked plots of land would be checked and resolved. Accordingly, on the issue of establishing a Building and Engineering Construction Commission under the oversight of the Ministry, Arc. Dangiwa as well promised that it would be looked into. Speaking earlier, the President of the Quantity Surveyors Registration Board of Nigeria (QSRBN), QS. Obafemi Onashile, brought the Minister up to speed with the achievements of the Board since it’s inauguration by the Minister, such as registration of qualified quantity surveyors, organizing of 2024 annual assembly for registered Quantity Surveyors, speedy accreditation of Quantity Surveyor programs in Universities and Polytechnics, among others. He appealed for the Minister’s intervention on some challenges facing the board which includes funding, possession of the Board’s allocated plots of land, lack of coordination and cohesion in the construction industry, awaiting of the Minister’s signature for the update of the regulation of the QSRBN, and more. QS. Onashile further gave some recommendations for the construction sector such as; the establishment of a Building and Engineering Construction Commission under the Housing Ministry for effective regulation of the industry, the need for stricter controls over buildings and structures higher than nine meters. Others are the need to recognize construction health, safety, and environment as an independent qualification, complete professional documentation of all high strictures, need for government construction contracts to have adjudication as the most straightforward route for resolving disputes, among others. The QSRBN President also invited the Honourable Minister for the Board’s 2025 annual QS assembly coming up on the 14th and 15th of May, 2025, as the chairman and guest of honour to declare the Assembly open. Also present during the courtesy visit, the President of the Nigeria Institute of Quantity Surveyors (NIQS), QS. Nzekwe Kene Christopher, presented some reform recommendations that would enhance the Nigerian construction industry. The recommendations include enacting a robust legal framework for construction contracts and robust implementation, establishing specialized construction courts, reviewing of the Federal Housing Authority law for affordable housing, and creating a Construction Industry Development Board, among others. QS. Nzekwe also emphasized on the need for a collaborative partnership with the Ministry to achieve these goals. A notable part of the meeting was the presentation of the NIQRS newsletter to the Minister. ...
Ogunbiyi Assumes Office as Perm Sec Housing Ministry, Vows to Uphold Service Ethics in the Ministry
The newly assigned Permanent Secretary to the Federal Ministry of Housing and Urban Development Dr. Marcus Olaniyi Ogunbiyi, has assumed office at the Ministry's Headquarters in Abuja, Friday, January12th, 2024.
Dr Ogunbiyi was deployed to Housing Ministry from the office of the Head of Service of the Federation (OHCSF), where he held fort as the Permanent Secretary, Career Management Office (CMO)
At the occassion, Dr. Ogunbiyi expressed his commitment and readiness to work with the staff of the Ministry, and solicited for their support and cooperation, while also promising to foster peace in order to collectively achieve the desired mandate of the Ministry.
The Permanent Secretary, who is a champion of the Performance Management System, a pillar of the Federal Civil Service Strategy and Implementation Plan (FCSSIP 25), pledged to continue in his quest to promote a seamless implementation of the Plan in the Ministry.
"As great disciples of the Head of Service, we must all do everything possible to uphold the implementation of FCSSIP 25 in our Ministry, because it has come to stay in the Federal Ministry of Housing and Urban Development”, he stressed.
Dr Ogunbiyi took over from the outgoing Permanent Secretary, Works and Housing, Mamuda Mamman, who supervises both the Works and Housing ministries since the demerger of the two ministries in August, 2023. Mamman was deployed to the Federal Ministry of Power.
In his remarks, on behalf of the staff of the Housing ministry, Director and Head of department, Engineering Services, Engr. Cyril Onyeneke welcomed the new Permanent Secretary and expressed enthusiasm to cooperate as well as follow his directions in order to achieve the goals of the Ministry.
Highlight of the occasion was the formal signing and presentation of the handover notes between the outgoing and incoming Permanent Secretaries.
In attendance at the event were the management and staff of the Ministry
Shelter Afrique Holds 42nd AGM In Abuja – Nigeria
The hosting of the 42nd Annual General Meeting (AGM) and Symposium Of Shelter Afrique (SHAF) is now confirmed to be holding in Abuja Nigeria from the 7th -12th of May ,2023.
Shelter Afrique (SHAF) is a company for Habitat and Housing, established in 1982 by African Governments, the African Development Bank (AFDB) and African Reinsurance Corporation (African–Re). This company is dedicated to providing funding solutions for affordable housing projects across Africa
Nigeria is a founding member of this company and holds position as the second largest shareholder after Kenya with investments totaling (USD) $30,724,961:00 and a shareholding of 15.80 %
The Annual General Meeting (AGM) of Shelter Afrique Constitutes the main policy organ of the company and it provides a forum for shareholders to collectively review and deliberate on the performance of the company once every year.
On the other hand, the Annual Symposium held during the AGM, is one of the key activities of Shelter Afrique, which is an avenue for collaboration and synthesizing emerging lessons, knowledge, best practices and innovations. Over the year the symposium has served to document and disseminate information to African Countries, stakeholders and key partners on the provision of affordable housing in Africa.
Nigeria, as at present is the first Vice –President of the 41st AGM Bureau recently held in Victoria Falls, Zimbabwe in July of 2022; making her to be in the pole position to become the Chairman of the 42nd AGM Bureau In this wise, the country is going to host the 42nd AGM Symposium in Abuja by May 2023.
Some of the key stakeholders expected at the meeting are:
a) Real Estate Developers Association of Nigeria (REDAN)
b) Mortgage Bankers Association of Nigeria (MBAN)
c) Family Homes Fund (FHF)
d) Nigeria Mortgage Reinsurance Company (NMRC)
e) Federal Mortgage Bank of Nigeria (FMBN)
f) Federal Housing Authority (FHA)
g) Central Bank of Nigeria (CBN)
h) Association of Professional Bodies of Nigeria (APBN)
i) Nigerian Institute of Town Planners (NITP)
j) Federal and State Ministries and Agencies in charge of Housing, Urban Development, Finance and Economic Matters.
Other activities during this AGM are:
Ministerial Roundtable session with Ministers of Planning Economy and Business Development Investor Relations Session as side event.
It promises to be an impactful session.
ADDRESS BY THE DIRECTOR (FINANCE & ACCOUNTS), BARR. OKORO OSONDU PETER ON THE OCCATION OF THE INAUGURATION OF THE IPSAS IMPLIMANTATION COMMITTEE OF THE FEDERAL MINISTRY OF HOUSING AND URBAN DEVELOPMENT HELD ON FRIDAY, 14TH FEBUARY 2025 AT THE DFA’S OFFICE, FEDERAL MINISTRY OF HOUSING AND URBAN DEVELOPMENT, MABUSHI-ABUJA.
It is my pleasure to welcome you as member of this important committee and to congratulate you for being found worthy to serve in this capacity. Today marks a significant milestone in our journey towards enhancing transparency, accountability and effective financial reporting.
2. Your committee is expected to implement all the operational guidelines issued by the office of the Accountant -General of the Federation vide Treasury Circular Ref.No TRY/A5 & B5/2014 OAGF/CAD/POL./C.0301/VOL.1 dated 23rd October ,2014 captioned “steps to successful Implementation of International Public sector Accounting Standards (IPSAS) Accrual Basis in Nigeria by 2016” that will ensure the successful implementation of IPSAS by the ministry especially on the Identification, measurement and Disclosure in our books of account and financial statement, all Non-current Assets of the Ministry including Legacy Assets (Property, Plant and Equipment) acquired prior to commencement of IPSAS Accrual effective 1st January 2016.Moreso, with the recent pronouncement by the Accountant-General of the Federation of the intention to sanction MDA,s that fail to upload their Legacy Assets to the GIFMIS platform on or before 31st December,2024 so as to reduce drastically the negative Net Assets of about 33 Trillion Naira which is not good for the Financial Position of the country.
3. I therefore charge you to work collaboratively, leveraging your collective expertise to overcome any obstacles and achieve the committee’s goals. I also want to assure you of my resolve to provide necessary support towards a seamless discharge of your duty.
4. Again I congratulate you on your nomination to serve the nation in this capacity. I wish you God’s guidance.
5. It is therefore my honour and privilege to inaugurate the IPSAS Implementation committee of the Federal Ministry of Housing & Urban Development.
Thank you all!
Welcome Remarks by the Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, at the Presentation of the 1st to 3rd Quarters 2024 Performance Assessment on Implementation of the Presidential Priorities and Ministerial Deliverables on Monday, December 9, 2024
The Special Adviser to Mr. President on Policy and Coordination & Head, Central Delivery Coordination Unit, Hadiza Bala Usman, and her Team,
The Hon. Minister of State, Rt. Hon. Yusuf Abdullahi Ata,
The Permanent Secretary, Dr. Marcus O. Ogunbiyi,
Heads of our Agencies – FHA, FMBN, and OSGoF,
Directors,
Aides,
Members of the Press,
Ladies and Gentlemen,
1. It is my pleasure to welcome the Special Adviser to Mr. President on Policy and Coordination & Head, Central Delivery Coordination Unit, my sister, Ms. Hadiza Bala Usman, and her team to the Federal Ministry of Housing and Urban Development for a review of our performance.
2. Madam, we are delighted to have you with us here today. The work that you and your team are doing is critical to actualizing the Renewed Hope Agenda of Mr. President. By constantly monitoring and shining a light on our work, the Central Delivery Coordination Unit keeps us all on our toes. Well done!
3. It has been over eleven months since we commenced reporting on our deliverables. As your team has already seen from our 1st, 2nd, and 3rd quarter reports, we have been focused, working hard, and creatively as a Ministry to deliver results and impact.
4. Although your assessment covers only our 3rd-quarter performance, I am pleased to update you that we have not paused but are making even more progress. Under the Renewed Hope Cities and Estates Programme, we currently have construction ongoing for a total of 10,112 housing units at fourteen (14) sites nationwide. This includes 3,000 housing units for estates in 12 states—250 units each, funded under the 2023 N50bn supplementary budget—and 3,612 units for cities in Kano (500 units – budgetary) and FCT (3,112 units – under PPP).
5. From December 17 to 18, Mr. President has graciously accepted to break ground for two additional Renewed Hope Cities totaling 3,500 units —2,000 housing units in Ibeju-Lekki, Lagos, and 1,500 housing units in Kano. In fact, construction work is already ongoing at these sites. This brings the total active sites under the Ministry’s Renewed Hope Cities and Estates Programme to 13,612 units.
6. When we add these figures to the housing units delivered by our agencies—the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA)—we are clearly on track to meet our annual target of 20,000 housing units. Initially, our plan was to deliver 500 units under Renewed Hope Estates in each of the twelve locations. However, the rise in building material costs forced us to reduce the target to 250 units, which affected our output.
7. It will also interest you to note that less than 50% of the funding for these projects is from budgetary allocation. We have embraced Public Private Partnerships (PPPs) and innovatively leveraging private sector funding for the delivery of these projects because we know that the less than N50bn budgetary allocation is grossly inadequate to make a difference.
8. With more Renewed Hope Cities Sites coming up – 2,000 units each - in Nasarawa, Enugu, Borno States and housing development institutions like Shelter Afrique Development Bank (ShafDB), the Ministry wants to assure the Central Coordination and Delivery Unit that the Federal Ministry of Housing and Urban Development is fully on course to another stellar reporting round of stellar performance.
9. If we are looking at where we are coming from, we can praise ourselves. This is because we have already outperformed by 100 percent the previous 8 years before the Renewed Hope Agenda. However, when we look at the size of the housing problem which requires that we build 550,000 housing units per annum over the next years, it is clear that we are far from scratching the surface. This means we must do more. The Ministry needs a bigger budgetary allocation for housing even as we drive PPPs. We have engaged the National Assembly, and they have expressed willingness to support a N500bn budget for the Ministry in 2025. We would like the CDCU Unit to help us support and push this cause.
10. Madam, it is also important to note that our Ministry operates on two pillars: Housing and Urban Development. We are also seeking to deepen our urban development interventions. We just came back from the UN – Habitat Executive Board Meeting in Nairobi that I chaired. In our engagements on the sidelines, the Executive Director assured us that every Naira we invest in our National Urban Renewal and Slum Upgrade Programme (NURSUP) could be leveraged threefold through their institutional partners. This means an investment of N50bn could attract an additional N100bn, totaling N150bn. We need a revolving fund to drive sustainable urban development. We therefore need a minimum of a N50billion revolving fund to drive sustainable Urban Development which is key to Nigeria meeting the Sustainable Development Goals (SDGs) 20230. Under slum upgrades, we are providing basic services such as access roads, drainage, water, and sanitation facilities to make slum areas more livable. We currently have over 100 projects nationwide, with close to 60 completed.
11. I have taken time to speak on efforts to increase housing stock and urban development because they are the foundation of our ministry, and we have moved significantly forward since we sent in the 3rd quarter reports. We have also made progress on the other areas but the last reports that we submitted are fair representations.
12. While we celebrate these achievements, it is essential to acknowledge the challenges that have impeded our efforts, which the Ministry is hopeful of collaborating with the CRDCU to address. For example, the slow release of budget appropriation has restricted the scope and achievement of some of our Reform Initiatives. Notably, the high cost of building materials and the rate of inflation have impacted on our ability to deliver affordable housing at scale. In this regard, while exploring alterantive financing sources from the Private Sector and our Developnetment Partners, we particularly solicit the support of the CRDCU in ensuring the early release of budgetary allocation from the Ministry of Finance, Budget and Economic Development.
13. We also solicit the support of the CRDCU in the area of partnerships with the State Government, National Economic Council (NEC) and also the National Assembly and other key Stakeholders; such as the Attorney-General and Minister of Justice and the Ministry of Finance in achievement of the Ministerial Deliverables on the Review of the Land Use Act and Development of fiscal incentives for Private Investors to manufacture local building components, respectively.
14. As we evaluate our performance today, I want to appreciate the efforts of the Permananet Secretary, Heads of Agencies, our Directors and the Delivey Desk Officers towards the achievement of the Miniserial Deliverables targets. I also extend my gratitude to the Special Adviser to Mr. President on Policy and Coordination, my sister, Ms. Hadiza Bala Usman and her Team for their support and diligence in tracking of our Deliverables.
15. At the Ministry we are committed to delivering on our deliverables and even exceeding them.
Thank you.
HOUSING MINISTRY INAUGURATES ANTI-CORRUPTION UNIT
Housing Ministry Inaugurates Anti-Corruption Unit
MEETING OF THE HON MINISTER OF STATE, HOUSING AND URBAN DEVELOPMENT,, RT HON ABDULLAHI YUSUF ATA AND PERMANENT SECRETARY, DR SHUAIB BELGORE WITH THE VIETENESE MS ALLEN LE & PARTNERS INVESTMENT CONSULTING JOINT COMPANY
Meeting of the Hon Minister of State, Housing and Urban Development,, Rt Hon Abdullahi Yusuf Ata and Permanent Secretary, Dr Shuaib Belgore with the Vietenese Ms Allen Le & Partners Investment Consulting Joint Company