The Nigerian government has unveiled plans to construct 100,000 social housing units across all 774 Local Government Areas (LGAs) to support vulnerable groups. The announcement was made by the Minister of Housing and Urban Development, Ahmed Dangiwa, during his speech at the 4th Edition of the Real Estate Future Forum in Riyadh, Saudi Arabia, on January 29, 2025.
Mr. Dangiwa highlighted the significant opportunities in Nigeria’s housing sector, urging global investors to capitalise on the country’s housing deficit. He emphasised that the Renewed Hope Cities and Estates Programme presents an attractive investment option for investors, particularly from the Middle East, offering substantial returns.
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The Real Estate Future Forum, held in Riyadh, brought together notable figures including Qatar’s Minister of Municipality, Eng. Abdullah Al-Attiya, and Maldives’ Minister of Construction, Housing, and Infrastructure, Dr. Abdulla Muththalib. The event focused on “Balance and Innovation in the Real Estate Landscape.”
In his address, Dangiwa pointed out that Nigeria’s real estate sector contributed approximately 5.2% to the country’s GDP in 2024 and is projected to grow to a market volume of $2.25 trillion by the end of 2025. Despite this growth, he reiterated that there remains vast potential for investment, particularly in the residential real estate segment.
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