Investment

FG Seeks Global Investment to Bridge Nigeria’s 28 Million Housing Deficit

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The Federal Government has called on foreign investors to seize emerging opportunities in Nigeria’s housing sector, as the country seeks to bridge its 28 million housing deficit through large-scale developments under the Renewed Hope Cities and Estates Programme.

Speaking at the Saudi Real Estate Forum, the Minister of Housing and Urban Development, Ahmed Dangiwa, outlined the investment opportunities within Nigeria’s real estate industry and emphasised the sector’s potential for growth.

The Minister’s Special Assistant on Media and Strategy, Mark Chieshe, confirmed the comments in a statement on Tuesday.

“Nigeria’s real estate sector contributed around 5.2 per cent to the nation’s GDP in 2024 and will increase in market volume to $2.25tn by the end of 2025.”

Dangiwa stressed that despite this projected growth, a massive investment opportunity remains, particularly in residential real estate.

“Despite this, there is still tremendous investment opportunity, especially in the residential real estate segment. Nigerians need homes now more than ever, and you can partner with the Nigerian government to deliver these houses at scale.”

The forum, themed “Balance and Innovation in the Real Estate Landscape,” attracted key stakeholders, including Abdullah Al-Attiya, Minister of Municipality of Qatar, and Abdulla Muththalib, Minister of Construction, Housing, and Infrastructure of the Maldives.

Dangiwa explained that Nigeria’s rapid urbanization has worsened the housing gap, making large-scale intervention crucial.

“The government is tackling this by prioritizing large-scale housing delivery through public-private partnerships, innovative financing, and government-led interventions.”

As part of efforts to accelerate affordable housing projects, the Federal Government is engaging state governments to address challenges related to land acquisition, a key constraint in real estate development.

Dangiwa underscored the broader economic impact of housing investments, noting that real estate plays a vital role in national development.

“Housing is a fundamental driver of economic growth, social stability, and national development.”

However, he cautioned that achieving a balance between affordability and profitability requires policy reforms, private sector incentives, and sustainable cost structures.

“However, achieving a balance in the real estate sector between affordability and profitability means that the challenges of sustainability and cost efficiency, as well as policy and private sector incentives, must be addressed.”

With Nigeria’s real estate market expected to hit $2.25 trillion by 2025, the government’s push for global investment signals an effort to unlock capital, drive infrastructure growth, and close the country’s housing deficit at scale.

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