Nigeria's Housing Sector Contributes N77 Trillion in 2025

On a recent occasion in Abuja, the Minister of Housing and Urban Development, Muttaqha Darma, revealed that Nigeria's housing and construction sector contributed more than N77 trillion to the economy in 2025. He noted that real estate services alone accounted for N41 trillion, representing 13.4 percent of the nation's Gross Domestic Product (GDP).

This announcement was made during a stakeholders’ validation workshop on the National Housing Data Programme and the National Housing and Built Environment Regulation Policy. Darma described the housing sector as a significant economic driver, despite challenges such as weak regulation and inadequate mortgage financing.

He urged stakeholders to critically assess the proposed policies before they are submitted to the Federal Executive Council for approval. The minister also highlighted the need for reforms similar to those in Dubai to enhance investor confidence and protect homebuyers, addressing issues like building collapses and limited access to affordable mortgages.