FG Seeks Stronger Partnerships to Close 20m Housing Gap in Nigeria
The Federal Government has renewed its call for stronger collaboration with both local and international partners in order to tackle Nigeria’s huge housing deficit, estimated at about 20 million units. This came as the Minister of Housing and Urban Development emphasized the urgent need for innovative funding strategies, effective policies, and private sector involvement to bridge the gap and provide decent, affordable shelter for millions of Nigerians.
Housing remains one of the most critical issues in the country. With rapid population growth, high levels of urban migration, and rising costs of building materials, the gap between demand and supply has continued to widen. Experts estimate that Nigeria will require trillions of naira in long-term investment to meet the 20 million housing deficit. The government alone cannot provide the required resources, hence the renewed push for collaboration with real estate developers, construction companies, financial institutions, and international organizations.
The Minister stressed that housing is not just about providing shelter but also about improving quality of life, boosting employment, and driving economic growth. Every housing project contributes to the value chain by creating jobs for architects, engineers, construction workers, artisans, and suppliers. Closing the gap would therefore not only meet citizens’ needs but also strengthen Nigeria’s economy.
He explained that the government is working on policies to make land acquisition easier, simplify approval processes, and reduce the cost of building materials through local production. Affordable mortgage systems and public-private partnerships are also being considered to enable more Nigerians to own homes. By encouraging investment in low-income and middle-income housing schemes, the government hopes to reach ordinary citizens who cannot afford luxury real estate.
The Minister also urged state governments to play an active role, noting that housing development cannot be achieved at the federal level alone. States and local governments are expected to provide land, infrastructure support, and enabling environments for developers to operate. He emphasized that housing should be seen as a joint responsibility of all levels of government, as well as the private sector and development partners.
Nigeria’s housing deficit has long been a source of concern. Many urban areas, including Lagos, Abuja, and Port Harcourt, face rising population densities that put pressure on existing infrastructure. Informal settlements and slums have expanded as more people migrate to cities in search of opportunities. Experts argue that addressing this deficit is crucial for social stability, poverty reduction, and improved living standards.
To support these efforts, international organizations such as the World Bank and African Development Bank have previously pledged support for affordable housing initiatives in Nigeria. The government is now seeking to expand such partnerships, while also encouraging local banks and financial institutions to increase their participation in mortgage financing. According to the Minister, Nigeria must create sustainable models that balance affordability with profitability for investors if the country is to close the housing gap in the coming years.
He further noted that housing development is one of the surest ways to reduce inequality and give young people hope for a better future. With more than half of the population under 30 years old, access to affordable homes will not only secure livelihoods but also promote stability and reduce pressure on urban centers.
In closing, the government reaffirmed its determination to push ahead with reforms, innovative financing, and stronger partnerships. The Minister expressed confidence that with the right collaboration, Nigeria can make steady progress towards closing the 20 million housing gap and ensuring that every citizen has access to decent and affordable shelter.
