Nigeria has stepped up efforts to attract foreign investment into its housing and construction sector, as the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, held a high-level bilateral meeting with Saudi Arabia’s Minister of Municipal and Rural Affairs and Housing, Majed bin Abdullah Al-Hogail, on the sidelines of the 2026 Real Estate Future Forum in Riyadh.
The meeting, which included senior officials from both ministries, formed part of Nigeria’s broader investor engagement strategy aimed at positioning housing as a key driver of economic growth, industrial development, and job creation under the Federal Government’s Renewed Hope Agenda.
During the engagement, Dangiwa presented Nigeria’s flagship Renewed Hope Housing Programme, outlining its scale, delivery framework, and strong alignment with private sector participation. He explained that the programme is designed to deliver housing across multiple income segments, backed by clear policies, bankable public-private partnership structures, and strong demand fundamentals.
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The minister also showcased the Federal Government’s Building Materials Manufacturing Hubs initiative, which targets increased local production of construction materials, reduced building costs, expanded employment opportunities, and a more resilient construction value chain.
According to Dangiwa, Nigeria is deliberately repositioning housing beyond its social function. He said the sector is now being treated as a strategic economic pillar capable of attracting long-term investment and supporting industrialisation. He added that the government is actively seeking partnerships with credible Saudi institutions and companies with the capacity to invest, manufacture locally, and deploy modern construction technologies.
He noted that the Building Materials Manufacturing Hubs present a particularly attractive opportunity for Saudi investors interested in local production and sustainable value creation within Nigeria’s fast-growing housing market.
In his response, Saudi Arabia’s housing minister welcomed Nigeria’s reform-driven approach and expressed openness to deeper institutional cooperation. Al-Hogail acknowledged the scale of Nigeria’s housing demand and described the ongoing reforms as serious steps toward unlocking private capital.
He said there were clear areas of synergy between both countries, particularly in large-scale housing delivery, innovative construction technologies, and local manufacturing. Al-Hogail added that the Saudi Ministry of Municipal and Rural Affairs and Housing would support engagement with relevant Saudi developers, financiers, and technical partners capable of contributing meaningfully to Nigeria’s housing ambitions.
The meeting highlights Nigeria’s strategy of using global platforms such as the Real Estate Future Forum to mobilise investment, exchange best practices, and forge strategic alliances that accelerate housing delivery and industrial growth.
The Federal Ministry of Housing and Urban Development said it would sustain follow-up engagements with MOMRAH and prospective Saudi partners, with the aim of translating the discussions into concrete investment flows and project-level collaborations across Nigeria’s housing and construction sector.
