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Africa Housing News > Blog > Housing News > FG to Establish Special Purpose Investment Vehicle for Housing Development
The Federal Government plans to create a Special Purpose Investment Vehicle (SPIV) to convert underutilized assets into revenue-generating ventures.
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FG to Establish Special Purpose Investment Vehicle for Housing Development

Fesadeb
Last updated: 2025/03/19 at 3:42 PM
Fesadeb Published March 19, 2025
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FG to Establish Special Purpose Investment Vehicle for Housing Development
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The Federal Government plans to create a Special Purpose Investment Vehicle (SPIV) to convert underutilized assets into revenue-generating ventures.

Housing Minister Ahmed Musa Dangiwa announced this at the Renewed Hope Housing Public-Private Partnership Summit in Abuja on Monday.

Contents
The Federal Government plans to create a Special Purpose Investment Vehicle (SPIV) to convert underutilized assets into revenue-generating ventures.Nigeria’s Housing Deficit and Innovative Funding StrategiesFG Secures Shelter Afrique Development Bank PartnershipPPP Regulations and Private Sector Collaboration

The SPIV aims to redevelop government-owned properties and prime federal land to fund large-scale affordable and social housing projects.

Dangiwa emphasized that optimizing federal assets through innovative PPP models will address Nigeria’s critical housing deficit.

Nigeria’s Housing Deficit and Innovative Funding Strategies

Nigeria’s housing deficit exceeds 20 million units, requiring 500,000 new homes annually at an estimated N5 trillion investment.

19th Edition Africa International Housing Show
19th Edition Africa International Housing Show

Given this enormous financial demand, the government is prioritizing innovative funding models to attract private sector investments.

Dangiwa stated that housing statistics will improve through a National Housing Data Infrastructure in collaboration with the National Population Commission.

Additionally, Nigeria will contribute $500,000 annually to UN-Habitat to enhance urban development and housing sector reforms.

FG Secures Shelter Afrique Development Bank Partnership

Under the Renewed Hope Cities programme, 100,000 housing units will be developed across Abuja, Lagos, Kano, Maiduguri, and Enugu.

Shelter Afrique Development Bank (ShafDB) will finance 5,000 initial units and provide technical advisory and policy development support.

ShafDB will assess Nigeria’s housing market using its VIRAL model and develop a deficit reduction strategy with three PPP models.

The bank will also structure market-driven PPPs, identify investors, and assist with fundraising for long-term housing projects.

PPP Regulations and Private Sector Collaboration

Dangiwa urged private developers and financial institutions to align with the Ministry’s housing vision and investment priorities.

He also called on the Infrastructure Concession Regulatory Commission (ICRC) to streamline PPP regulations for faster housing delivery.

The summit concluded with the Ministry signing an MoU with ShafDB and an award recognizing Dangiwa’s contributions.

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TAGGED: AFFORDABLE HOUSING, Africa housing news, Construction, Housing, housing deficit, Housing development, Housingnews, Latest Housing News & Updates - Africa Housing News, news, nigeria, property news, real estate, trending news, trending news in nigeria
Fesadeb March 19, 2025 March 19, 2025
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