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President Bola Ahmed Tinubu has reiterated his administration’s commitment to expanding access to affordable housing, insisting that the Renewed Hope Agenda was designed to give Nigerian families a realistic path to home ownership.
In a detailed statement on his X account on Tuesday, the President said he had earlier promised Nigerians a national housing programme anchored on scale, financing, and structural reforms, rather than “vague terms.”
“When I placed the Renewed Hope Agenda before Nigerians, I did not speak of housing in vague terms. I gave my word that this administration would work to make decent homes affordable again,” Tinubu said.
He explained that the government pledged a 100,000-unit housing programme, with 50,000 units in the first phase, including city-scale developments of 1,000 units across the geopolitical zones and the Federal Capital Territory, as well as estates of up to 500 units in the remaining 30 states.
When I placed the Renewed Hope Agenda before Nigerians, I did not speak of housing in vague terms. I gave my word that this administration would work to make decent homes affordable again, and that a hardworking family, after years of paying rent, would finally have a path to a…
— Bola Ahmed Tinubu (@officialABAT) June 9, 2026
According to him, progress is already visible, citing over 3,000 housing units under construction in Karsana, Abuja, and the 2,000-unit housing project in Ibeju-Lekki, Lagos, which he said is at an advanced stage with sales already underway.
“Across the country, more than 15,000 units are rising as I write this,” the President said.
Tinubu also said reforms had been introduced beyond construction, including the formalisation of land titles previously tied up as “dead capital,” in partnership with the World Bank, targeted at improving land registration from less than one in ten plots to one in two.
He noted improvements in equipment leasing frameworks to support contractors, ensuring easier access to machinery and reducing delays on project sites.
The President added that the administration has introduced uniform pricing for government housing units to curb corruption and improve transparency, and has also established materials hubs across the six geopolitical zones to strengthen local production.
On housing finance, Tinubu said the MOFI Real Estate Investment Fund has enabled 1,859 families across 25 states to access ₦128 billion in mortgages at 9.75 percent interest over 20 years.
He also referenced the Family Homes Funds initiative, which targets 500,000 homes and an estimated 1.5 million jobs.
“I will not stand before you and declare the work finished, because it is not,” he said, acknowledging that Nigeria’s housing deficit remains in the millions.
However, he maintained that the sector is now functioning as an integrated system, linking land, construction, materials, equipment, finance and households.
“Housing has moved from a welfare conversation to a national growth strategy,” Tinubu said, adding that real estate and construction are now significant contributors to Nigeria’s GDP.
“Renewed Hope was never charity. It is the right of every Nigerian to a place called home,” he added.
