Renewed Hope turning housing promise into thousands of homes — Tinubu
President Bola Tinubu
Abdullateef Fowewe
President Bola Tinubu has claimed that his Renewed Hope Agenda is delivering on a pledge to make decent homes affordable.
Tinubu in a statement shared on his social media handle on Tuesday noted that the program has concrete progress across land titling, construction and housing finance.
The president wrote, “When I placed the Renewed Hope Agenda before Nigerians, I did not speak of housing in vague terms. I gave my word that this administration would work to make decent homes affordable again, and that a hardworking family, after years of paying rent, would finally have a path to a house of its own.”
Tinubu reminded Nigerians of the programme’s original scope “100,000 homes in all, with 50,000 in the first phase through cities of 1,000 units in every geopolitical zone and the Federal Capital Territory, and estates of up to 500 units in the remaining 30 states” and said much of that ambition is now tangible.
He listed current achievements, saying, “We broke ground on more than 3,000 homes at Karsana in Abuja, the 2,000‑unit city at Ibeju‑Lekki in Lagos has reached advanced completion with sales already underway, and across the country, more than 15,000 units are rising as I write this.”
Tackling foundations of housing
The president stressed that delivering homes requires fixing the whole housing value chain — land, equipment, materials and finance, not only building walls.
He said the government has worked with the World Bank to vastly improve land titling, moving the country “from fewer than one plot in ten formally registered toward one in two.”
On construction logistics and transparency, Tinubu said the administration “strengthened the framework that governs equipment leasing” so projects can access machinery, and “published uniform prices on our homes, so that no Nigerian pays a bribe to learn the cost of a roof,” while establishing materials hubs across the six geopolitical zones.
Highlighting finance measures, the president said the MOFI Real Estate Investment Fund has enabled 1,859 families across 25 states to access mortgages totalling ₦128 billion on favourable terms — “fixed at 9.75 per cent and repayable over 20 years.”
He added that Family Homes Funds target the poorest citizens, aiming for 500,000 homes and the 1.5 million jobs associated with that scale of construction.
“I will not stand before you and declare the work finished, because it is not,” Tinubu acknowledged, warning that Nigeria’s housing deficit runs into the millions.
Still, he argued the administration has made the sector a coordinated national growth strategy: “For the first time in a generation, the whole housing value‑chain is moving together: the land and its title, the building, the materials, the equipment, the finance, and the family at the end of it.”
The president framed the policy as rights‑based economic development rather than welfare, “Renewed Hope was never charity. It is the right of every Nigerian to a place called home,” he said, concluding that affordable housing now contributes to GDP through jobs, mortgage assets and increased domestic production.
