By Olubunmi Omoogun
The Nigeria’s Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has praised Chairman of the House of Representatives Committee on Housing and Habitat, Hon Abdulmumini Jibrin for his continued advocacy, engagement with all stakeholders in the housing sector and support the National Assembly Committee has given to the ministry as he champions better real estate regulations for the good of the masses of Nigeria.
The Minister, Arc. Dangiwa acknowledged the significant role the National Assembly has been playing to put all necessary legislative frameworks in place to assist the masses benefit from the renewed hope housing programme.
In a statement by the Director Press and Public Relations of the Ministry of Housing and Urban Development, Mr. Salisu Badamasi Haiba said that
the National Assembly secured an additional N50 billion for the Ministry’s 2025 budget. This increase follows an initial budget reduction proposed by the Budget Office.
At a retreat for the stakeholders in the housing sector organised by the Federal Ministry of Housing and Urban Development held in Lagos on Wednesday, 19th February, 2025 with the theme “Actualizing the Renewed Hope Agenda for Housing and Urban Development: Examining Strategies, Identifying Opportunities to Boost Scale and Impact”, the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, reaffirmed the Ministry’s commitment to establishing a framework for a Real Estate Regulatory Authority, acknowledging the crucial need for improved regulation within the sector.
He said “The creation of a Real Estate Regulatory Authority is expected to bring greater transparency, accountability, and professionalism to the sector, fostering greater investor confidence and ultimately contributing to the overall growth of the Nigerian economy”.
The Minister explained that the ministry is working to create a framework for the establishment of a Real Estate Regulatory Authority, emphasizing that the Ministry will work closely with the National Assembly and stakeholders to ensure the successful establishment of the Authority.
He also stated that the additional funding will lead to the creation of more jobs while the ministry is able to clear inherited liabilities and impact positively on the economy.
Arc Dangiwa noted that though the housing sector has suffered neglect in the past, the ministry is determined to make a difference under the Renewed Hope Agenda of President Bola Ahmed Tinubu, reiterating his commitment to work closely with the National Assembly and stakeholders.
“We are determined to make a difference. We are optimistic and encouraged by the possibilities that the future holds, rather than the failures of the past. Just because programs failed in the past does not mean they will fail today,” he affirmed.
“We aim to review what we have done so far towards actualizing Mr. President’s Renewed Hope Agenda for Housing and Urban Development, interrogate our challenges and successes, explore opportunities, and set out a clear pathway to ramp up the tempo of our activities.”
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