The Tinubu Stakeholders Forum (TSF) has hailed President Bola Ahmed Tinubu’s latest initiative to introduce uniform nationwide sale prices for housing units under the Renewed Hope Housing Programme
In a statement signed by its Chairman, Ahmad Sajoh, and Secretary, Danjuma Sada, the forum described it as a landmark policy that will promote affordability, transparency, and equity.
”The decision by the Federal Ministry of Housing and Urban Development to fix uniform prices of ₦8.5 million for a one-bedroom, ₦11.5 million for a two-bedroom, and ₦12.5 million for a three-bedroom semi-detached bungalow reflects the President’s deep commitment to making homeownership more accessible to all Nigerians, particularly low- and middle-income earners, civil servants, and workers in the organized private sector.
”We see it as a bold step to eliminate regional disparities and speculative pricing while ensuring that Nigerians across all states have equal opportunity to benefit from the Renewed Hope Cities and Estates Programme, the flagship initiative of the administration’s housing reform efforts.
“It is yet another demonstration of President Tinubu’s people-centred leadership.
“By introducing a fair and transparent pricing framework, the administration is directly addressing one of the most persistent inequalities in Nigeria’s housing market — the affordability gap,” the Forum said.
TSF further commended the sweeping reforms and institutional innovations being implemented to transform Nigeria’s housing and mortgage finance ecosystem.
It noted that the Renewed Hope Cities and Estates Programme, launched in 2024 under a Public-Private Partnership model, aims to deliver 100,000 housing units nationwide, beginning with the 3,112-unit Renewed Hope City in Karsana, Abuja.
Each project across the six geopolitical zones and 30 states will feature between 500 and 1,000 modern homes with essential infrastructure and community facilities.
The Forum also highlighted the establishment of the ₦1 trillion Mortgage and Real Estate Investment Fund (MREIF) through the Ministry of Finance Incorporated (MOFI), designed to support long-term, single-digit mortgage loans and boost liquidity in the housing finance market.
It further lauded the restructuring of key housing institutions such as the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) to enhance efficiency, accountability, and delivery capacity.
The group noted that these reforms collectively demonstrate the administration’s commitment to building a modern, inclusive, and sustainable housing framework.
TSF observed that the Renewed Hope Housing Programme’s flexible payment options — including mortgage financing, rent-to-own arrangements, instalment plans, and outright purchase — reflect the administration’s deep understanding of the diverse financial realities of Nigerian households.
”For the first time, Nigeria now has a coherent, well-coordinated housing strategy that connects construction, financing, and ownership in one integrated framework.
”It is clear that the Renewed Hope Programme is not just about houses, but about dignity, stability, and inclusive national development.
”We are convinced that the President’s bold policy reforms are laying a solid foundation for long-term economic growth and social equity,” the statement added.
The Forum urged Nigerians to take advantage of the Renewed Hope Housing Portal : (www.renewedhopehomes.fmhud.gov.ng) to apply for available units and be part of the ongoing transformation of Nigeria’s housing landscape.
(vitalnewsngr.com)
