National Assembly secures additional N50 Billion for Housing Ministry in 2025 Budget 

This increase reverses an earlier reduction proposed by the Budget Office, aiming to boost the housing sector, create jobs, and address inherited liabilities.

Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, made the announcement during a stakeholders’ retreat organized by the Ministry in Lagos on Wednesday, February 19, 2025, as disclosed in a statement published on the ministry’s website.

He explained that the increased budgetary allocation would enhance the ministry’s capacity to execute key projects, positively impacting the economy.

“In a significant boost to the housing sector, Arc. Dangiwa announced that the National Assembly has secured an additional N50 billion for the Ministry’s 2025 budget. This increase follows an initial budget reduction proposed by the Budget Office.  

“He noted that the additional funding will lead to creation of more jobs while the ministry is able to clear inherited liabilities and impact positively on the economy,” the statement read in part.

According to Arc. Dangiwa, the additional funding aligns with the Renewed Hope Agenda of current administration and highlights the government’s commitment to addressing the challenges in the housing sector.

The Minister emphasized that the housing sector had suffered from neglect in the past but assured stakeholders of his commitment to work closely with the National Assembly and other relevant bodies to ensure the successful implementation of the Ministry’s initiatives.

The increased budget allocation is expected to support ongoing projects, including the 14 active construction sites for 10,112 housing units, which are nearing completion.

Similarly, Hon Abiante Awaji, Chairman of the House Committee on Regional Planning and Urban Development, emphasized a multi-sectoral approach to tackling challenges in the built environment, including the reintroduction of technical education for skill development.

President Bola Tinubu initially proposed a N49.7 trillion budget for 2025, which allocated N98.1 billion to the Federal Ministry of Housing and Urban Development. However, the Nigerian Senate recently passed the 2025 Appropriation Bill, approving a record-high budget of N54.99 trillion.

He noted that the N500 billion represents less than 10% of the needed amount each year, underscoring the challenge of meeting the nation’s housing demands.