The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, stated that Nigeria requires 550,000 housing units to be built annually for N5.5 trillion over the next ten years to tackle the severe housing shortage.
He made this announcement during a meeting with the UK Build and Construction West Africa Trade Mission in Abuja, as contained in a statement on the Ministry’s website.
Dangiwa highlighted the challenges posed by Nigeria’s 200 million population, which is growing at 2.5% annually, and stressed the need for housing that meets UN and WHO standards for habitability, safety, comfort, and infrastructure.
“Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has expressed optimism that the huge housing deficit facing the country can be brought to a halt if a total of 550,000 housing units are built annually at the cost of N5.5Trillion, over the next ten years,” the statement read in part.
The Housing Minister informed the delegation that the Ministry is tackling substandard housing—75% of Nigeria’s 42 million units, according to PwC—through urban renewal and new construction
