THE Federal Government has promised to provide free housing units for 77,400 vulnerable Nigerians across all 774 local government areas under its proposed National Social Housing Fund.
The initiative, which aims to generate N1.2 trillion through voluntary monthly contributions from Nigerians, is awaiting legislative approval to become operational.
Housing and Urban Development Minister Ahmed Musa Dangiwa announced this while addressing reporters yesterday at the State House in Abuja.
The minister explained that the programme targets the most vulnerable in society, offering them homes free of charge as part of the administration’s commitment to inclusive development.
“The timeline quite well now is before the end of 2025. The National Social Housing Fund is going to be on the ground. We have done all our groundwork. The report is ready, and we have written letters to all stakeholders, including the Federal Ministry of Finance and the Budget Office, to ensure we have their backing before presenting it to the Federal Executive Council,” he said.
Dangiwa outlined the funding mechanism, emphasising voluntary contributions from at least 10 per cent of Nigeria’s population — approximately 20 million people. Each contributor would be encouraged to donate N5,000 monthly over a year, amounting to N60,000 per person.
“If 10 per cent of Nigerians can contribute N5,000 monthly, that’s N60,000 annually. Together, we will generate N1.2 trillion. This amount can build 100,000 houses, but we only need 77,400 homes — 100 per local government — to meet our target,” Dangiwa said.
The homes, the minister explained, will include two- and three-bedroom units, to be valued at approximately N10 million each.
He assured Nigerians that the fund would prioritise transparency and accountability to earn the trust of contributors.
