Real Estate

₦70b Raised Through PPP to Tackle Housing Deficit

The Renewed Hope Housing Programme is the cornerstone of President Bola Ahmed Tinubu’s vision to reset the trajectory of housing and urban development in Nigeria.

It is a bold, transformative, and people-centred initiative aimed at tackling the housing crisis head-on while also using housing as a tool to drive inclusive economic growth, social equity, and national development.

The inspiration for this programme comes from the deeply felt need to address Nigeria’s massive housing deficit, estimated at over 17 million units, through a practical, scalable, and inclusive strategy.

For too long, housing in Nigeria has remained unaffordable and inaccessible to the majority of Nigerians, particularly low- and middle-income earners, informal sector workers, and young people.

The Renewed Hope Housing Programme is designed to change that. It is designed to deliver affordable, dignified homes to Nigerians across all income brackets through a tiered, multi-level approach.

The programme comprises three interconnected components: First are the Renewed Hope Cities; these are large-scale urban developments of at least 1,000 housing units to be located in major cities. They target high-income earners and diaspora investors.

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