The Minister of Housing and Urban Development, Ahmed Dangiwa, has called on state governments and private developers to take a leading role in addressing Nigeria’s housing deficit by exploring diverse funding options. Speaking at the groundbreaking ceremony for 10,000 housing units in Enugu, Dangiwa stressed the importance of private sector developers, housing finance institutions, philanthropic organizations and well-meaning individuals in bridging the housing gap.
He commended Governor Peter Mbah for his interest in Graceland Estate, a project by COPEN Group under the Renewed Hope Housing Programme, highlighting that such initiatives align with the administration’s vision of delivering affordable housing across Nigeria. Dangiwa noted that creating an enabling environment for private sector participation is key to tackling the country’s housing challenge.
Citing statistics, the Minister pointed out the enormity of the task, stating that around 550,000 housing units need to be built annually over the next decade, requiring an investment of approximately N5.5 trillion per year. While acknowledging the scale of the problem, he emphasized the opportunity to develop innovative and sustainable housing solutions for future generations.
Dangiwa attributed the housing deficit to various factors, including the poor implementation of policies, the underperformance of housing institutions, an underdeveloped market, and a challenging macroeconomic environment. However, he highlighted the progress made over the past year, with 6,612 units under construction across 13 states and the FCT, many nearing completion and set for delivery by December.
He praised the Enugu State government for facilitating private sector involvement by providing 260 hectares of land in a strategic location. Additionally, he recognized the Managing Director of COPEN Group, Rev. Dr. Sullivan Chime, for his leadership and commitment to affordable housing.
Governor Mbah, represented by his deputy, Bar. Ifeanyi Ossai lauded the efforts of COPEN Group and called for further support from the Ministry to advance the 2,000-unit Renewed Hope City project. He also urged stakeholders to focus on reducing construction costs and investing in research to make housing more affordable and accessible.
