Strategic Partnerships, Investment, Key to Solving Nigeria’s Housing Challenges - Ata
Minister of State, Housing and Urban Development, Rt Hon Yusuf Abdullahi Ata has stated that strategic partnerships and investment are key to solving Nigeria’s housing challenges.
Ata spoke during his meeting with a Vietnese, Ms Allen Le and Partners, an International Investment Consulting Joint Company in Abuja, Tuesday, 27th May, 2027.
" The primary mandate of the ministry is to provide mass housing for Nigerians and we welcome potential collaboration with Ms Allen Le and Partners International Investment Consulting Joint Company in achieving this goal", he stated.
The Minister reaffirmed the commitment of the Ministry to addressing Nigeria’s housing challenges through strategic partnerships and investment, saying the ongoing construction of Renewed Hope Cities and Estates across locations is the current priority of the administration of President Bola President Bola Ahmed Tinubu.
"Under the Renewed Hope Agenda, we are constructing 3,000 housing units each in Lagos, Abuja, and Kano for Renewed Hope Cities, and 250 housing units in each of the 36 states for the Estates," He said.
Additionally, Ata stated that the social housing initiative will deliver 77,400 housing units- 100 in each of the 774 local government areas.
"We need to know specifically how we will partner with you. Make a formal proposal to the Ministry indicating where you want to collaborate with us. We look forward to seeing clearly the areas where you want us to come in,” the Minister said.
The Minister further reiterated the openness to partnerships that align with the mandate of the ministry of delivering affordable and sustainable housing solutions for Nigerians.
Accordingly, Ata disclosed that 30 percent of the the 77,400 of the social housing units will be given to the non-income Nigerians, commending President Tinubu for maintaining his stand on 30 percent even when 20 percent was proposed to him.
Speaking earlier, the leader of the six- man delegation, Allen Ke Nam of the SV -NED Incorporated, informed the minister of their interest in contributing to Nigeria’s growing housing sector, and seek partnership in construction of affordable houses for Nigerians.
He requested the Federal Government to provide the company an opportunity to invest by providing acres of land for housing construction.
On how beneficial the partnership will be to Nigeria, Allen Le Nam said the collaboration will lead to job creation and skilled acquisition as new construction methods will be introduced in the course of construction.
The Permanent Secretary of the Ministry Dr Shuaib Belgore also commended the delegation for their presentation and assured them of the collaboration of the ministry to providing affordable housing for Nigerians.
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