Nigeria Unveils Housing PPP Model to 36 African Nations

On October 19, the Federal Government of Nigeria presented its Renewed Hope Housing Public-Private Partnership model at the Second Forum for Public-Private Partnership Units in Africa, held at the United Nations Economic Commission for Africa headquarters in Addis Ababa, Ethiopia. Dr Jobson Oseodion Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission, outlined the model's aim to attract private capital into housing delivery.

The forum included delegations from 36 African countries and focused on enhancing public-private partnerships in sectors like housing, healthcare, and education. The Renewed Hope Cities programme targets the delivery of 100,000 housing units in selected Nigerian cities, with private-sector participation supported by government measures to reduce risks.

The model allows the private partner to own the land, design, finance, and construct the housing, while the government removes barriers for investors. Financing includes $19 million from the Federal Mortgage Bank of Nigeria and $20 million from the Family Homes Fund, with an additional $112 million from the Ministry of Finance's MRIF to support lower mortgage rates.