With Nigeria’s housing deficit surpassing 20 million, the Minister of Housing and Urban Development, Ahmed Dangiwa, has described the crisis as both a formidable challenge and a unique opportunity for change.
He emphasised that bridging the gap would require the government to deliver at least 500,000 housing units annually over the next decade to meet the nation’s growing demand.
Speaking at the 4th Edition of the Real Estate Future Forum in Riyadh, Saudi Arabia yesterday, the minister highlighted the Nigerian government’s commitment to addressing the housing shortfall through a blend of government finance and strategic public-private partnerships (PPP).
Dangiwa commended the Kingdom of Saudi Arabia for its advancements in housing and urban development, noting that well-planned housing is essential for sustainable urban growth, economic prosperity, and improved living conditions.
“With a housing deficit of over 20 million units and a rapidly-growing population, Nigeria presents a vast opportunity for investment in affordable housing. To bridge this gap, we need to build about 500,000 housing units annually over the next decade” he said.
