The governor concluded that Lagos’ housing challenges present both an economic and social opportunity. Strategic partnerships with private developers, financial institutions, and investors will be central to delivering safe, affordable, and resilient housing while fostering economic growth and urban sustainability.

The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have unveiled a major joint initiative to develop a nationwide Non-Interest Mortgage (NIM) framework. The effort is aimed at reducing Nigeria’s estimated housing deficit of 28 million units.

The Federal Government has set uniform prices for its Renewed Hope Housing Estates to ensure fairness, affordability, and transparency across Nigeria.