Nigeria Unveils Housing PPP Model at African Forum

The Federal Government of Nigeria showcased its Renewed Hope Housing Public-Private Partnership (PPP) model at the Second Forum for Public-Private Partnership Units in Africa, held in Addis Ababa, Ethiopia. The presentation was made by Dr Jobson Oseodion Ewalefoh, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), and attracted interest from delegations from 36 countries.

The forum, co-organized by the United Nations Economic Commission for Africa, the African Development Bank, and the African Legal Support Facility, focused on how PPPs can enhance affordable housing and other social services. Nigeria's initiative aims to deliver 100,000 housing units through a joint venture with the private sector, where the private party owns the land and finances the construction.

Under President Bola Ahmed Tinubu's Renewed Hope Agenda, the government seeks to reduce investment risks in housing. Measures include designating middle-income federal civil servants as off-takers and providing access to concessionary financing.

The Federal Mortgage Bank of Nigeria and the Family Homes Fund have committed significant funding to support this initiative.