Nigeria's Housing Minister Launches 5,000 Units in Lagos

The federal government of Nigeria is actively engaging private-sector developers to enhance housing delivery in response to a significant housing deficit estimated at 15 million units, affecting around 120 million Nigerians. During the groundbreaking ceremony for 5,000 housing units in Ibeju-Lekki, Lagos State, Minister of Housing and Urban Development, Muttaqha Rabe Darma, outlined the government's commitment to addressing this issue through partnerships.

He mentioned plans for a nationwide social housing initiative aimed at constructing 100 housing units in each local government area and a proposed 100,000-unit housing program, with feasibility assessments currently underway. Audullahi Saheed Mosadoluwa, Managing Director and CEO of Harmony Gardens and Estate Development Limited, stated that the partnership aims to facilitate homeownership via mortgage financing and flexible payment options, allowing Nigerians to acquire homes through structured financing.

The project is expected to be completed within 36 months and includes developments in Lekki Aviation Town, The Parliament, and GranVille Estate.