Follow Us:
Federal Ministry of
Housing & Urban Development (FMHUD)
Federal Republic of Nigeria
Welcome To Federal Ministry Of Housing And Urban Development.
Minister Federal Ministry Of Housing And Urban Development Arc. Ahmed Musa Dangiwa.
Housing And Urban Development.
Inspection Tour Of Houses For The National Housing Scheme.
Housing And Urban Development.
Housing And Urban Development.
Housing And Urban Development.
Housing And Urban Development.
Nov
29
2024

LATEST PRESS


Dangiwa Advocates Cross-Subsidy Inclusion in MOFI Real Estate Investment Fund Framework

 

* Epresess Ministry’s support for MREIF

 

Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has urged the management of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to integrate cross-subsidy mechanisms into its framework for housing sector operations.

 

The Minister made the call in Abuja during an interactive session organized by the House of Representatives Committee on Housing and Habitat with a focused on the Federal Government's establishment of MREIF and the suspension of the Single Obligor Limit imposed by the Central Bank of Nigeria (CBN) on the Federal Mortgage Bank of Nigeria (FMBN).

 

Arc Dangiwa emphasized that such an approach would enable the construction of cost-effective housing, making homeownership more accessible to low-income Nigerians.

 

Citing Algeria’s success where the government delivered one million homes in a year through cross-subsidy mechanisms, Arc Dangiwa proposed allocating 20–30% of funding for housing estates in Nigeria toward cross-subsidization.

 

He explained that this approach would ensure uniform infrastructure and external features while adjusting internal finishes to suit varying affordability levels, thereby enhancing homeownership opportunities for low-income Nigerians.

 

“Whenever we are funding any estate to be developed, 20 to 30 percent of the funding should be cross-subsidized,” the Minister emphasized.

 

Dangiwa commended the Honourable Minister of Finance, Mr. Wale Edun, for securing Federal Executive Council approval for MREIF, and described it as a transformative initiative poised to revolutionize the housing sector and call for innovative funding strategies beyond traditional budgetary allocations.

 

Dangiwa while addressing the restrictive impact of the Single Obligor Limit imposed by the CBN on FMBN, praised the House Committee on Housing and Habitat for intervening to halt the practice, noting that the cap on disbursements of 50 percent shareholders’ fund has limited the bank’s ability to fund primary mortgage institutions (PMIs), thereby hindering mortgage accessibility for Nigerians.

 

 Dangiwa also advocated for the recapitalization of FMBN, to enable it create affordable mortgages without relying on MREIF funding while more support for FHA  would enhance their capacity to strengthen housing development in the country.

 

The Minister reiterated the importance of innovative financing, institutional collaboration, and affordability as critical to addressing Nigeria’s housing deficit and expressed confidence in achieving sustainable growth in the housing sector under the Renewed Hope Agenda.

 

In his welcome remarks, the Chairman of the House Committee on Housing and Habitat, Hon. Abdulmumini Jibrin, noted the importance of engaging key stakeholders in shaping the framework for MREIF.

 

He confirmed the committee’s position on halting the Single Obligor Limit and emphasized ongoing efforts to address concerns raised by stakeholders, including the FMBN and MBAN. The Chairnan directed representatives of the CBN, FMBN, and MBAN to collaborate and propose practical solutions within a week.

 

Dr. Armstrong Takang, Chief Executive Director of MOFI, highlighted President Bola Ahmed Tinubu’s directive to prioritize liquidity in the housing sector and stressed the need for accessible and affordable mortgages with longer repayment terms to address affordability challenges and reduce the prevalence of abandoned houses.

 

 Dr. Takang also outlined MREIF’s dual strategy of supporting developers with off-take guarantees and facilitating low-cost mortgages for buyers.

 

Representatives from the CBN, FHA, MBAN, and REDAN expressed support for the establishment of MREIF, emphasizing the importance of a well-structured and approved framework. Suggestions included leveraging funds from unclaimed dividends, dormant accounts, and PENCOM funds to enhance the fund’s liquidity. The CBN requested a detailed conceptual framework to conduct a thorough review before making an informed decision.


 

May
22
2018

National Housing Programme Designed to Integrate Persons Living with Disability — Minister The National Housing Programme (NHP) is also designed for the integration of persons living with disabilities through inclusive building designs with ramps for mobility and interaction, an official says. The Minister of State II for Power, Works and Housing, Alhaji Suleiman Zarma, made the fact known on Tuesday during an inspection of construction at NHP site in Ado-Ekiti. Zarma in the company with some ministry officials was on an assessment tour of Federal Government roads and housing projects in the South-West Geo-Political Zone. The NHP is designed to suit different categories of people, including persons with disability, through provision of ramps to ease movement in the buildings. But in Ado-Ekiti, the structures were designed in such a way that persons living with disability are restricted to the ground floor. During the inspection, the minister said that people living with disabilities should not be restricted to the ground floor and should be allowed to interact freely. “In the world over now, people living with disabilities are integrated without being segregated. So there is no point to say that you have them only on the ground floor, that is another phase of segregation. “They should be able to go to all the floors and to all the levels of the building; they should be accommodated to carry out their activities. Zarma, a surveyor, urged officials in-charge of NHP in Ekiti, to ensure that designs suitable for persons with disability were captured very well in the next phase of NHP. “On the staircases, there will be strips or ramps that will cater for their movement. “They should not segregate the people with disabilities by restricting them to the ground floor; they should be allowed to go up and interact,’’ he noted. The NHP Team Leader in the state, Mr Segun Dossou, noted that due to an initial setback of relocation, the 70 housing units being constructed began late but was nearing completion. The architect assured the minister that the design for the second phase which would commence soon would go beyond the ground floor and extend to others to accommodate the people living with disabilities. He said all the contractors were mobilised and reported to the site except one that was handling two number blocks of three bedrooms who was yet to report for site handing over. According to him, the contractor has been served a warning letter to do so with a view to commencing the process of determining his contract. “The water infrastructure contract is already at 80 per cent completion with the drilling of four boreholes, installation of ground and overhead tanks and construction of water treatment plant. “The road infrastructure contract progress include completion of site survey, setting out of roads, cutting and bending of re-enforcement are on-going with view to commencing concrete works on the drainage. “External electrification progress includes the completion of erection of poles and construction of housing for transformer sub-stations while cable line installation is on-going. Dossou said that the project also created jobs and wealth for not only the building professionals and contractors but 1,500 skilled and unskilled artisans. The representative of the contractors, Mr Raji Kehinde, also appealed to the ministry to make funds faster to avoid delay in the completion of the project. One of the indigenes of the locality, Mr Femi Adetifa, expressed joy over the housing development in the state and called for continuity by the Federal Government. The minister also inspected the on-going construction of N3.3 billion Federal Secretariat Complex, located at New Iyin Road, Ado-Ekiti, by Messrs Deux Project Ltd. with 20 per cent of the job completed. Source: (NAN) ...

May
15
2018

FG Teams Up With State Governments On Infrastructure Development Nationwide – Fashola Federal Government has no objection in States assisting to develop the road infrastructure located within their domains provided the terms of reference as provided by the Federal Government are respected. This will go a long way in deepening the dividends of democracy at the grassroots. The Minister of Power, Works and Housing, Babatunde Raji Fashola stated this at the Government House, Kebbi and Jigawa States while being received by the Governors, Sen. Atiku Abubakar Bagudu and Mohammed Badaru Abubakar respectively at the just concluded 2 – day inspection tour of on-going projects in the two States which commenced 8th May, 2018. Fashola had inspected the National Housing Programmes in the two states as well as the 108km Kalgo-Bunza-Kamba-Peka Road which terminates at the nations border with Niger Republic on the first day of his visit as well as paid courtesy calls on the two Governors. A total of 93km stretch of the Kalgo-Bunza-Kamba-Peka-Niger Republic Border Federal road was rehabilitated with asphalt overlay by the Kebbi State Government at the sum of N1,041,753,716.17 awarded to Messrs. CGC Nigeria Limited and this has since been reimbursed by the Federal Government while 15km of the road is still outstanding. The Minister was impressed with the standard of work and noted that the Federal Government remains committed to partnering with any state government that showed concern in providing critical infrastructure for the benefit of all citizens. While still in Kebbi, Fashola also inspected the on-going rehabilitation of Sokoto-Tambuwal-Jega-Birnin Yauri (Sokoto/Kebbi/Niger States) phase 1 Section 11: Jega-Birnin Yauri Road (186km) which is only 22.84% completed. At the pilot scheme of the National Housing Programmes (NHP) in both states which had a total of 38 Blocks of 76 flats each, comprising 3,2 and 1 bedroom flats, with some already completed and delivered by the contractors and others at different stages of completion, Fashola stated that the Federal Government will embark on a full scale housing economy at the end of the pilot scheme which is bound to create more than the 1,000 workers presently employed at each site in the 33 States where the NHP is currently active. He further stated that it will also triple the ecosystem of trade and commerce at the sites which has improved the economies and financial capacities of the locals and communities around the NHP sites nationwide. The Governor of Kebbi State, Sen. Artiku Abubakar Bagudu in response offered the Federal Government as much land as would be required for the full take-off of the programme and also thanked the Federal Government for the speedy response at reimbursing the State for the Kalgo-Bunza-Kamba-Peka-Niger Republic Border road. He noted that the Federal Government will seldom use the road but the indigenes of the state, surrounding states, border nations and other road users will enjoy the road. Also responding, the Jigawa State Governor, Abubakar Badaru invited the Minister to help commission 8 of the 10 completed state infrastructure stating that Mr. President had offered to commission two of the projects. He invited the Minister to also inspect the 1,300km road projects completed by his administration as a way of boosting transportation of agricultural products in the state. Fashola concluded his 2-day tour by inspecting the on-going rehabilitation of 32.8km Hadeja-Nguru Road Phase 11 in Jigawa State by Messrs. Mothercat Nig. Ltd. which is currently at 84.93% completion. ...

First First

PUBLIC ANNOUNCEMENT


Nov
05
2024

 


Click To View: RENEWED HOPE HOUSING PORTAL

PHOTO NEWS


Nov
29
2024

HOUSE OF REPS. COMMITTEE INTERACTIVE SESSION ON MREIF AND FMBN SINGLE OBLIGOR LIMIT

Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa

Click To View More Pictures


PHOTO NEWS


Nov
29
2024

OCCASSION OF THE 2024 PEWAN ANNUAL LECTURE AND CONFEREMENT OF AWARD OF RECOGNITION AS CONSISTENT CHAMPION OF ACCESSIBLE MORTGAGE AND AFFORDABLE HOUSING ON HON MINISTER ARC. AHMED MUSA DANGIWA, REPRESENTED BY THE DIRECTOR PRESS AND PUBLIC RELATIONS, SALISU BADAMASI HAIBA, AT LAGOS CHAMBER OF COMMERCE AND INDUSTRY

Occassion of the 2024 PEWAN Annual Lecture and conferement of Award of Recognition as Consistent Champion of Accessible Mortgage and Affordable Housing on Hon Minister Arc. Ahmed Musa Dangiwa, represented by the Director Press and Public Relations, Salisu Badamasi Haiba, at Lagos Chamber of Commerce and Industry

Click To View More Pictures



Other Agencies