The Federal Ministry of Housing and Urban Development has released uniform sale prices for housing units under its Renewed Hope Estate Programme nationwide. The new price structure is part of the government’s plan to make homeownership more affordable and transparent for Nigerians, especially low- and middle-income earners.
The announcement was made in Abuja on Thursday through a statement signed by the Ministry’s Director of Press and Public Relations, Badamasi Haiba. According to the statement, the Renewed Hope housing scheme covers various types of residential buildings, including one-bedroom, two-bedroom, and three-bedroom semi-detached bungalows.
Haiba explained that the approved selling prices for the housing units are as follows: a one-bedroom semi-detached bungalow will cost ₦8.5 million, a two-bedroom unit ₦11.5 million, and a three-bedroom unit ₦12.5 million. He noted that the decision to fix uniform prices across all regions of the country is aimed at promoting fairness, transparency, and inclusiveness in the sale of the houses.
“The adoption of uniform selling prices aims to promote affordability, transparency, and fairness, ensuring that Nigerians across all regions have equal opportunities to benefit from the Renewed Hope Housing Programme,” Haiba stated.
The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, also explained that priority will be given to low- and middle-income earners, civil servants at all levels, and employees in the organised private sector who have verifiable sources of income. He added that Nigerians in the Diaspora interested in owning homes back home will also benefit from the programme.
Dangiwa said the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to bridge Nigeria’s huge housing deficit and provide decent shelter for citizens. According to the minister, the government is determined to create a fair and transparent process that allows ordinary Nigerians to own homes without being exploited by middlemen or speculative developers.
In his remarks, the Permanent Secretary of the Ministry, Dr. Shuaib Belgore, explained that several payment options have been introduced to make the houses affordable for different categories of buyers. He said the available payment methods include outright purchase, mortgage financing, rent-to-own arrangements, and flexible instalment plans.
“These flexible payment options were designed to help Nigerians, particularly civil servants and workers in the private sector, to acquire homes without financial strain,” Belgore stated. “The Ministry is committed to ensuring that the Renewed Hope housing initiative is not only accessible but also sustainable.”
He added that the sale of completed housing units in both the northern and southern parts of the country will commence soon. Interested applicants, he said, can apply through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.gov.ng or obtain application forms at the Ministry’s headquarters and field offices nationwide.
Haiba further clarified that the newly approved prices apply strictly to the Renewed Hope Housing Estates funded directly through the Ministry’s budgetary allocation. He explained that the prices do not cover the Renewed Hope Cities projects being developed under Public-Private Partnerships (PPP) in areas such as Karsana in Abuja, Janguza in Kano, and Ibeju Lekki in Lagos.
“The Renewed Hope Housing Estates and the Renewed Hope Cities are separate projects,” Haiba said. “While the estates are government-funded, the cities are PPP-driven developments, and their pricing structures will differ due to their funding models and project scales.”
The Renewed Hope Housing Programme is one of the major components of President Tinubu’s economic recovery plan aimed at creating jobs, stimulating local construction industries, and addressing Nigeria’s 28 million housing deficit. By introducing a nationwide price standard, the Ministry hopes to build public confidence in government housing projects and prevent regional disparities that have long hindered access to affordable homes.
Housing experts have welcomed the move, describing it as a step in the right direction. They, however, urged the Ministry to ensure transparency in the allocation process and to prevent political interference that could undermine public trust.
With this development, many Nigerians seeking affordable housing now have a clearer picture of government-backed options available to them. The Renewed Hope Estate Programme is expected to roll out its first phase of housing allocations before the end of the year, as the Ministry intensifies efforts to deliver quality homes across the country.
