80% of Nigerians struggle to afford housing — Minister 

The Minister of Housing and Urban Development, Ahmed Dangiwa, on Monday lamented that 80 percent of Nigerians cannot afford housing due to financial constraints.

This, Dangiwa noted, accounts for the major causes of the housing deficit in the country.

The minister stated this in his keynote address at the opening of the maiden Kaduna International Housing Exhibition, held at Umaru Musa Yar’Adua Hall, Kaduna, Kaduna State.

He noted that the major issue governments at all levels have to address in their desire to deliver sustainability to the citizens is the issue of affordability.

 

He added that statistics had shown that almost half of Nigeria’s population of over 200 million are poor and have weak purchasing power.

 

He said, “In fact, of the 43 million households, over 85% have less than N1.1m purchasing power. Of this, 40% (about 17.2 million households) fall into the poverty income group and 47% (about 20.2 million) fall into the low-income group.

READ ALSO: Housing minister to meet cement producers, others over rising building material prices

“On the whole, statistics reveal that Nigeria is a low-income country as it has only 13% of its population as middle class. The recent macroeconomic challenges, including inflation, have made things worse.”

Against this backdrop, the minister said the President Bola Tinubu-led administration, through the Ministry of Housing and Urban Development, was planning to establish a National Social Housing Fund (NSHF).

He said under the NSHF, the Federal Government aimed to pull funds from the government budget, philanthropic organisations and well-meaning Nigerians towards providing decent shelter for Nigerians with no income, low income, and vulnerable brackets who cannot afford to own their homes.

“Some of these units will be delivered at no cost. We have developed the concept note that is undergoing review. Once concluded, we will present it to the Federal Executive Council for approval and legislation.

“Social housing is not only a necessity, it is also a security insurance for the rich and the poor. Because housing is capital intensive and the government has limited funds, we must find alternative collective avenues to help our brothers and sisters who are underprivileged. It is for our collective good.

“In this way, the underprivileged will know that we are one; that we are our brother’s keeper and that will help social cohesion, understanding and peace. This is because home ownership gives individuals a sense of belonging and a stake in the community,” the minister said.

He also commended the Uba Sani-led government for its practical, inclusive, and pragmatic vision for housing delivery which led to the organisation of the maiden Kaduna International Housing Exhibition.

Earlier in his remarks, Sani, represented by his Deputy, Hadiza Balarabe, said the provision of affordable houses for citizens of the state was a key priority of his administration.

He said he is committed to addressing the housing deficit across the State in line with Tinubu’s “Renewed Hope Agenda.”

He said that the state government had adopted a holistic approach towards filling the identified gap through partnerships with local and international investors to address its housing deficit.

He said, “Qatar Charity in partnership with the Kaduna State Government is constructing Mass Housing for the Less Privileged and Kaduna Economic City, all in Millennium City, Kaduna. I recently performed the groundbreaking for the construction of the 3319 Hectares Nuru Suraj Ungwar Dosa New Extension Layout.

“This project is being executed through a public-private partnership. Nuru Suraj and Kaduna State Government are working together to develop 35,000 plots for our people.

“The Social Housing Scheme was introduced in order to provide affordable accommodation as a social service for the vulnerable populace (the low-income earners). Efficient design and construction methods, which are key indicators that drive the affordability target of the scheme, were employed.”

 

The governor also stated that his administration has attracted many investors (Real Estate Developers) and has partnered with them in the construction of mass housing estates across the state under PPP arrangement.

 

On his part, the Managing Director of Kaduna State Development and Property Company, Abubakar Rabiu-Abubakar, announced the launch of two social initiatives: ‘the Arewa Construction Academy and the KSDPC Housing Cooperative Society,’ demonstrating the state’s commitment to social investment, skill development, and addressing the housing needs of low and middle-income families.

 

Rabiu-Abubakar also said KSDPC was set to embark on certain key housing and housing infrastructure projects including the Ultramodern Mechanics Village for the Eastern Sector of the Kaduna metropolis, featuring an Electric Vehicle (EV) Assembly Plant, CNG Conversion Stations, EV Charger Manufacturing, and strategically located EV charging points, A 5-star Hospital with Doctor Quarters.

 

“A private university to be known as ABSAAR University, a Building Materials Village to service the Eastern Sector of Kaduna metropolis, A Trucks and Heavy-Duty Mechanics Village, which are expected to attract and facilitate the construction and delivery of at least 2000 mixed-type housing units across Kaduna metropolis within the next 5 years.

“This exhibition is a testament to our efforts to transform aspirations into tangible results, ensuring that Kaduna State remains a beacon of progress and opportunity for all its residents,” the KSDPC boss said.

The post 80% of Nigerians struggle to afford housing — Minister  appeared first on Guardian Nigeria News.

  • Related Posts

    Tinubu Orders Six-month Ban on Raw Shea Nut Export

    Tinubu Orders Six-month Ban on Raw Shea Nut Export

    Deji Elumoye in Abuja

    President Bola Tinubu on Tuesday ordered, with immediate effect, a six-month ban on the export of raw shea nut to curb informal trade, boost processor utilization, capture higher export value and stabilize the sector.
    The ban is specifically aimed at boosting Nigeria’s shea value chain to generate around $300 million annually in the short term.
    Minister of Agriculture and Food Security, Senator Abubakar Kyari, made this known at the State House, Abuja.

    Details later…

    The post Tinubu Orders Six-month Ban on Raw Shea Nut Export appeared first on THISDAYLIVE.

    Breaking: PDP Zones 2027 Presidential Ticket to South

    Breaking: PDP Zones 2027 Presidential Ticket to South

    The Peoples Democratic Party has zoned its 2027 presidential ticket to the South.
    The decision was reached during it National Executive Committee (NEC) meeting held in Abuja on Monday.

    Debo Ologunagba, the PDP national spokesman, while presenting the communique issued after the meeting, said the NEC approved recommendations of the zoning committee after extensive deliberation.

    He said that the existing zoning arrangement for NWC positions would remain in place for the national convention in November to elect a new national working committee (NWC).

    “That all PDP national office positions currently in the northern region of the country remain in the northern region,” he said.

    “That all PDP national office positions currently in the southern region of the country remain in the southern region.

    “That having retained the position of the national chairman in the northern region of the country, the presidential candidate of the party for the 2027 general election is hereby zoned to the southern region.

    “That the regions should immediately micro-zone positions within its region for implementation.”

    Details to later.

    The post Breaking: PDP Zones 2027 Presidential Ticket to South appeared first on THISDAYLIVE.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Abia, NIPSS to partner to promote made-in-Aba products

    Abia, NIPSS to partner to promote made-in-Aba products

    Crypto exchanges regain access to Nigeria’s formal banking network to drive transaction ease  – Busha COO Sodipo 

    Some Nigerian banks to operate under forbearance beyond 2025 – Fitch 

    ISA 2025: Nigeria’s capital market set to hit N300 trillion – SEC DG Agama to Tinubu 

    9mobile rebounds with first subscriber growth in 2025 after MTN infrastructure sharing deal 

    Imo doctors to earn N533,000 as Uzodimma approves N104,000 minimum wage effective August 2025 

    Lafarge launches another first into the market with EcoCrete, first low-carbon ready-mix concrete 

    EFCC vs POS merchants: Moniepoint joins N21 billion fraud battle in Court

    Nigeria among top drivers as Chinese exports to Africa surge past $122 billion in 2025 

    Hackers exploiting Google Classroom in massive global phishing campaign – Check Point 

    FG launches portal for Nigerians to report housing estate fraud 

    New Zealand closes Entrepreneur Work Visa, opens new immigration options for investors 

    Lagos Govt moves to regulate sprawling beach houses in Ibeshe, Ilashe along coastal corridor 

    Private Sector Credit Up 4.02% YoY to N76.14trn as Broad Money Supply Expands

    Amid Moderate Borrowing, Subscription to FGN Bond Shrinks to N4.94trn

    Rebuilding Trust in Contributory Pension Scheme

    FCMB Group Profit Before Tax Up 23% YoY to N79.3bn

    Stanbic IBTC Relaunches Promo for Private Banking Clients

    LAPO MfB Champions Youth Empowerment at NYSC Sagamu Camp

    ASUU members stage nationwide university protests over salary arrears and neglected agreements 

    PenCom recovers N4.57 billion from defaulting employers over five quarters, says PenOp CEO 

    CBN orders banks, fintech firms to make GPS tracking mandatory for PoS terminals

    CBN orders banks, fintech firms to make GPS tracking mandatory for PoS terminals

    Cross River moves to unlock its vast gas, solid mineral deposits

    Cross River moves to unlock its vast gas, solid mineral deposits

    Customs hands over N3.77 billion worth of expired drugs to NAFDAC 

    Why many of the 43 licensed MVNOs in Nigeria may not survive – Stakeholders  

    FCMB tops volume as Nigerian stock market recovers above 141,500 – See year-to-date performance

    NSIB begins investigation into Abuja–Kaduna train derailment, says six passengers injured 

    Nigeria emerges as Africa’s second-largest solar importer amid 60% surge across continent 

    Breaking: Tinubu orders temporary ban on export of raw shea nuts 

    Nigeria to expand pension investment scope in infrastructure and private equity 

    Alleged terror financing: Court approves IGP’s request for banks to release Sowore’s transactions

    Nigerian Air Force opens recruitment for graduates and postgraduates nationwide 

    Nigeria, Brazil to strengthen health sector cooperation with 5-Year Joint Action Plan 

    Foodelo: Leading food delivery in Lagos and Abeokuta 

    NGX Group CEO highlights opportunities for Nigeria–Brazil investment flows during Presidential visit to Brazil 

    Inventa marks a decade of protecting Nigerian innovation for global competitiveness