FG showcases $125m housing PPP model to African countries

Summary

The Federal Government presented its Renewed Hope housing public-private partnership model at a forum in Addis Ababa, where delegates from other African countries showed interest in replicating it.

Highlights

• The model was presented by the Infrastructure Concession Regulatory Commission at the Second Forum for Public-Private Partnership Units in Africa in Ethiopia.
• Nigeria was one of five countries selected for the forum’s project clinic, alongside Malawi, Kenya, Djibouti and Côte d’Ivoire.
• The Renewed Hope Cities programme is designed to deliver 100,000 housing units across selected Nigerian cities through a joint venture concession with private partners.
• The government says the structure relies on private investment, concessional loans and off-taker guarantees rather than direct public spending on construction.
• The forum brought together delegates from 36 countries and focused on using PPPs in social sectors such as housing, healthcare, education, sanitation and water.