The Renewed Hope Housing Programme has emerged as the flagship initiative of President Bola Ahmed Tinubu’s administration to transform Nigeria’s housing landscape and address the country’s housing deficit, estimated at over 17 million units.
Described as bold, people-centred, and transformative, the programme is designed to not only tackle the affordability and accessibility crisis in housing but also to use real estate development as a tool for inclusive economic growth, social equity, and national development.
At the heart of the initiative is a tiered, multi-level housing strategy that ensures all Nigerians—across income levels and sectors—can access dignified and affordable homes. The programme specifically targets low- and middle-income earners, informal sector workers, and young people, many of whom have been historically excluded from the housing market.
The first component of the plan is the development of Renewed Hope Cities—large-scale urban housing estates, each with a minimum of 1,000 residential units, located in major cities nationwide. These cities will cater to high-income Nigerians and diaspora investors, helping to attract private capital while reducing pressure on urban housing demand.
The broader programme will also include mid-tier housing estates for middle-income households and smaller units for lower-income groups, supported by innovative financing structures and flexible mortgage options.
By delivering homes and building resilient communities, the Renewed Hope Housing Programme aims to reset the trajectory of urban development in Nigeria and ensure housing becomes a right—not a privilege.
