By Victor Gbonegun
The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has said the much- talked about Renewed Hope Social Housing Programme which targets at least 100 housing units in each of the 774 local councils across the country will soon be launched by President Bola Ahmed Tinubu.
He revealed that the initiatives is part of efforts to address the housing needs of Nigerians, regardless of class or income level.
Dangiwa disclosed when he received a delegation from Creative Sphere Limited at the Ministry’s headquarters.
The minister explained that the Renewed Hope Social Housing Programme is designed to provide homes for low-income earners, the unemployed, vulnerable groups, and Internally Displaced Persons (IDPs), covering both the formal and informal sectors.
He said the Federal government plans to construct 100 housing units in each of the 774 local government areas across the country, amounting to a total of 77,400 units, adding that construction is expected to be completed within one year from the date of launch.
The minister said the move reflects President Tinubu’s commitment to ensuring that every Nigerian has access to decent housing, saying it underscores his passion for a better Nigeria, where even the most vulnerable can own a livable home.
Dangiwa pointed out that the programme will be funded through the Renewed Hope Infrastructure Development Fund (RHIDF).
“Each estate will be equipped with auxiliary facilities such as recreational areas, a primary school, a police outpost, a clinic, and a shopping mall,” he said.
The Minister explained that 80% of the houses will be sold to Nigerians living in the local government areas who earn a living wage, adding that interested individuals will be required to contribute one-third of their monthly income.
“Anyone earning as low as N30,000 per month will be able to purchase a house, as they will only need to pay N10,000 monthly, which is one-third of their earnings. Similarly, someone earning N90,000 will pay N30,000,” he explained.
He pointed out that the remaining 20% of the housing units will be allocated free of charge to citizens with low or no income, such as widows, orphans, and others identified as vulnerable in society.
He highlighted that the Renewed Hope Social Housing Programme is the third component of the broader Renewed Hope Housing initiative, which includes the Renewed Hope Housing Estates and Renewed Hope Cities, bringing the total to three components.
The Minister who spoke in response to a partnership proposal for the upcoming Real Estate Innovation and Investment Carnival by Creative Sphere Limited, the Minister lauded the initiative.
Dangiea noted that the carnival, roadshow, and award night are excellent avenues to promote the housing sector and enhance the visibility of the Ministry’s programmes.
The Chairman of Creative Sphere Limited, Monday Ogedengbe, told the Minister that their visit was to seek collaboration with the Ministry for the upcoming event scheduled for later this year. He noted that Creative Sphere aims to highlight the role of real estate in national economic growth by bringing a carnival-style awareness campaign to the sector, both nationally and internationally.
He outlined key initiatives to be launched, including the Association of Women in Real Estate, Youth Access to Homes, and a Diaspora Investment Desk, emphasizing that collaboration with the Ministry would boost public acceptance.
