Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has reiterated the Federal Government’s dedication to delivering affordable and dignified housing for Nigerians through the Renewed Hope Housing Programme of President Bola Tinubu’s administration.
Dangiwa described the programme as ambitious and inclusive, targeting all income levels through three core components: Renewed Hope Cities, funded via public-private partnerships in six locations for high-income earners; Renewed Hope Estate, spread across 30 states for medium- and low-income earners; and Renewed Hope Social Housing, still in planning, aimed at low- to zero-income earners, the vulnerable, and displaced persons.
He stated that the Ministry is working with state governments to secure land, while developers and institutions like the Federal Mortgage Bank of Nigeria (FMBN) and Family Homes Fund will support project delivery. Cooperative societies, he said, can access single-digit interest federal mortgage loans over 30 years, alongside other financing options like ethical mortgages, rent-to-own, and cooperative housing development loans.
Dangiwa encouraged cooperatives to acquire land, partner with developers, and ensure due diligence when dealing with land agents, stressing the importance of secured and certificated land. Addressing concerns about the Brains and Hammers Bungalow City in Kubwa, Abuja, he assured that FMBN and developers are working to resolve outstanding issues.
President of the NHIA Cooperative, Abdullahi Yusuf, expressed appreciation for the Minister’s support, particularly through FMBN’s Rent-to-Own product. He noted that the cooperative had faced setbacks with a failed private developer arrangement but is now moving forward with 36 members already allocated homes in Kubwa. Yusuf proposed a bulk payment model to ease members’ financial commitments under the scheme.
