The Federal Ministry of Housing and Urban Development has entered into a groundbreaking partnership with Shelter Afrique Development Bank (ShafDB) to construct 5,000 housing units under the Renewed Hope Housing Programme.
Federal Ministry of Housing Addressing Nigeria’s Housing Deficit
This significant development, announced via a statement on the Ministryโs website, represents a major step toward alleviating Nigeriaโs housing deficit. The collaboration was formalized during the one-year anniversary event of Hon. Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, and Hon. Minister of State, HE Abdullahi Tijjani Gwarzo, held at the NAF Conference Center in Abuja on Thursday, 22nd August 2024.
Signing of a Joint Expression of Intent
โThe Federal Ministry of Housing and Urban Development and Shelter Afrique Development Bank (ShafDB), a leading Pan-African housing finance institution, signed a historic Joint Expression of Intent to partner on the Renewed Hope Agenda of the Bola Ahmed Tinubu administration for housing and urban development,โ read the Ministryโs statement.
This marks the Federal Ministry of Housing first direct collaboration with a multilateral institution aimed at delivering affordable homes to Nigerians under the Renewed Hope Housing Programme. Shelter Afrique Development will provide both advisory services and financing to developers, with the initial goal of delivering 5,000 housing units in the pilot phase.
Importance of the Partnership
Minister Dangiwa emphasized the significance of this partnership in leveraging international financial institutions to address the housing deficit. He highlighted the need for innovative financing solutions, especially given the gap between Nigeriaโs housing needs and the budgetary provisions available.
Details of the Partnership
Shelter Afrique Development Bank (ShafDB) will play a central role in this initiative by offering advisory services and financial support to qualified developers. Key aspects of their involvement include:
- Comprehensive Housing Strategy: ShafDB will assist in developing a Comprehensive Housing and Urban Development Partnership Strategy (CHUPS) for Nigeria, ensuring the project aligns with the nationโs housing needs.
- Public-Private Partnership Model: ShafDB will guide the Ministry in structuring a public-private partnership (PPP) model tailored for large-scale affordable housing and urban renewal projects. This model aims to deliver 5,000 housing units in the pilot phase, with potential for expansion nationwide.
- Selection of Strategic Partners: ShafDB will aid in identifying and selecting private sector partners with expertise in housing development, financing, construction, and maintenance, ensuring project efficiency and sustainability.
- Capacity Building: In addition to these efforts, ShafDB will provide capacity-building support to the Ministry through training programs, workshops, and technical assistance, helping to strengthen the Ministryโs ability to tackle housing challenges and promote sustainable urban development.
Commendation of Leadership
ShafDBโs Managing Director, Mr. Thierno Habib Hann, praised the partnership as a landmark achievement in advancing Nigeriaโs housing goals. He also acknowledged the visionary leadership of Minister Dangiwa, whose proactive approach was key to the formation of this transformative collaboration.