Federal Government Launches ₦250 Billion Housing Fund to Accelerate Delivery Under Renewed Hope Agenda
The Federal Government has introduced a ₦250 billion housing intervention fund to reduce Nigeria’s housing deficit and stimulate economic growth. The announcement was made in Abuja at the 8th Affordable Housing Finance and Investment Summit 2025, where senior officials outlined ongoing reforms under President Bola Tinubu’s Renewed Hope Agenda.
The Minister of Housing and Urban Development, Ahmed Dangiwa represented by Pemi Temitope said the fund forms part of a broader national strategy to expand affordable housing access, strengthen local industries, and deepen job creation across the construction value chain.
Dangiwa stated that Phase One of the government’s housing programme targets 50,000 new units nationwide, with more than 10,000 already under construction across 15 sites. He emphasised that the administration views housing as “an economic engine” capable of driving productivity, supporting livelihoods, and strengthening communities.
Addressing Rising Construction Costs
To counter the impact of escalating building material prices, the ministry announced plans to establish Building Materials Manufacturing Hubs across all six geopolitical zones. The initiative aims to reduce reliance on imported materials, ease supply bottlenecks, and improve affordability for developers and homebuyers.
Expanding Access to Finance
Minister of Finance Wale Edun represented by Alhaji Ali Mohammed, affirmed that housing remains a priority investment sector under the current administration. He said the ₦250 billion intervention fund is designed to improve financing access for developers, accelerate project delivery, and expand the national housing stock.
Edun added that the Federal Government Staff Housing Loan Board is undergoing restructuring to increase loan accessibility for civil servants and support long-term homeownership.
Housing as a Pillar of National Stability
Former Chief of Staff to the President, Professor Ibrahim Gambari, underscored the social and economic importance of housing, describing “housing security” as a critical component of national stability and human development.
Convener of the summit, Dr Yemi Adelakun, urged stronger collaboration among stakeholders to ensure that Nigerians benefit from government-backed housing programmes. He noted that successful housing delivery has a multiplier effect on job creation and economic growth.
Conclusion
The unveiling of the ₦250 billion housing intervention fund reinforces the Federal Government’s commitment to large-scale housing delivery and sector-wide reform. For investors, developers, and policymakers, the initiative signals a sustained effort to address structural constraints, reduce the national housing deficit, and reposition housing as a central driver of economic transformation.
