The National Assembly has supported the minimum yearly housing budget of N500 billion proposed by the Ministry of Housing and Urban Development.

This was disclosed by Minister Ahmed Dangiwa while addressing newsmen at the State House in Abuja.

According to Dangiwa, the call for budgetary support is motivated by the scale of Nigeria’s housing deficit, which he estimated at 555,000 units per year.

“Our advocacy for a minimum annual housing budget of ₦500 billion starting in 2025 has gained the support of the National Assembly,” he said.

The minister said the Renewed Hope Agenda of President Bola Tinubu is not only focused on building houses but also on hope, jobs, and economic opportunity.

He said the Tinubu administration is creating a Nigeria where every citizen, regardless of income, can aspire to a decent home and a thriving urban environment.

He revealed that under Tinubu’s leadership, his ministry is entrusted with providing accessible and affordable housing for every Nigerian.

Highlighting the agenda’s achievements, he said that at an average of 25 jobs per housing unit, the ministry has directly and indirectly created over 252,800 jobs across the country.

“From architects, engineers, and surveyors to masons, carpenters, plumbers, and general labourers, the Renewed Hope Cities and Estates Programme is revitalising communities and providing meaningful employment opportunities,” he said.

Dangiwa revealed that workers have been able to earn above the national minimum wage because their daily wage is N5,000 per day.

On the online housing delivery portal, he said over 47,605 have registered and more than 1,000 applications have been completed, adding that the platform revolutionises housing accessibility and removes the need for lobbying.