Stakeholders plan summit to tackle housing deficit

Lagos housing estate

An estate in Lagos.

An estate in Lagos.

Industry stakeholders, including private sector developers, investors, financial institutions, and multilateral housing organisations are set to convene a summit aimed at unlocking the potential of Public-Private Partnerships (PPPs) to accelerate housing delivery and urban development in the country.

The summit will provide a national platform for dialogue, bringing together government representatives, private sector players, and international development partners to explore innovative financing models, regulatory reforms, and investment opportunities that will drive large-scale housing development.

The Vice President, Senator Kashim Shettima will be the special guest of honour, while the Minister of Housing and Urban Development, Ahmed Dangiwa will deliver the keynote address.

Other special guests include the Chairman, Senate Committee on Housing, Senator Aminu Tambuwal; the Chairman, House Committee on Housing, Hon. Abdulmumin Jibrin, and the Chairman of Nigerian Governors Forum and Kwara State governor, Abdulrahman Abdulrazaq.

A key outcome of the summit will be a clear policy direction for housing PPPs, ensuring a well-defined roadmap that aligns with the Renewed Hope Agenda and provides a structured framework for public-private collaboration.

The event is also expected to drive stronger private sector participation in housing development, encouraging engagement from both local and international developers, investors, and financial institutions, leading to new PPP commitments for large-scale housing projects.

In addition, the summit will facilitate the signing of a memorandum of understanding and investment agreements between government agencies, private developers, financiers, and multilateral institutions, paving the way for significant housing investments.

Discussions will help create broader awareness of the ministry’s PPP framework, policies, and incentives designed to attract housing investments.

According to the Convener, Renewed Hope Housing PPP Summit, Dr Olayemi Rotimi-Shodimu, a major boost is expected for the Ministry of Finance Incorporated’s Real Estate Investment Fund (MREIF), as increased participation will unlock new financing avenues for housing projects.

He said the summit will strengthen collaboration between government agencies and private sector players by establishing a dedicated PPP working group to facilitate continuous engagement and monitor progress on agreed action points, as well as serve as a catalyst for scaling up affordable housing delivery through PPP-driven solutions, ensuring long-term impact in tackling the country’s housing deficit.

The summit will also identify key barriers to affordable housing delivery and propose policy recommendations to address them effectively. By providing regulatory clarity and enhancing the ease of doing business, the event will improve investor confidence, streamline approval processes, and reduce bureaucratic bottlenecks in housing development.

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