By Martha Agas
Abuja, Oct. 19, 2026 (NAN) African nations have expressed curiosity in replicating Nigeria’s Renewed Hope Housing Public-Private Partnership (PPP) mannequin to enhance reasonably priced housing supply throughout the continent.
Dr Jobson Ewalefoh, Director-General, Infrastructure Concession Regulatory Commission (ICRC), introduced the mannequin on the Second Forum for Public-Private Partnership Units in Africa in Addis Ababa, Ethiopia.
This is contained in an announcement issued by Ifeanyi Nwoko, Acting Head of Media and Publicity, ICRC, in Abuja on Monday.
The assertion stated the discussion board, held on the Africa Hall of the United Nations Economic Commission for Africa (UNECA), attracted delegations from 36 nations.
It stated it was co-organised by the UNECA, the African Development Bank (AfDB) and the African Legal Support Facility (ALSF), below the theme: “Making Social Sector PPPs Work: From Policy Ambition to Effective Service Delivery”.
It stated the occasion constructed on the inaugural version held in 2024, which introduced collectively greater than 30 African PPP models to debate climate-resilient infrastructure.
“This year’s forum brought together heads of PPP units, development finance institutions, private operators and transaction advisers to explore how PPPs could support affordable housing, healthcare, education, sanitation and water supply.
“Participants examined ways to ensure that social infrastructure projects remained financially sustainable, affordable and accountable, particularly because they often generated insufficient revenue from user fees to repay private investors.”
The assertion stated the two-day discussion board featured a Leaders’ Dialogue, thematic breakout periods and venture clinics specializing in threat allocation, availability funds, viability hole funding, subnational PPP fashions and contract administration.
It stated the venture clinics supplied alternatives for PPP models to current ongoing social sector initiatives, share experiences and search professional recommendation on implementation challenges.
He stated Nigeria was amongst 5 nations that introduced initiatives on the clinics, alongside Malawi, Kenya, Djibouti and Côte d’Ivoire.
Speaking on Nigeria’s mannequin, Ewalefoh stated the Renewed Hope Cities programme was designed to ship 100,000 housing models throughout chosen cities by way of a three way partnership concession association with the non-public sector.
“The beauty of this PPP structure is that it is not the conventional PPP. In this case, the private party owns the land, has the design, is financing it and is doing the construction,” he stated.
He stated the Federal Government, below President Bola Tinubu’s Renewed Hope Agenda, targeted on decreasing venture dangers to draw non-public funding fairly than straight financing building.
“The PPP here is that government agreed to de-risk the project,” Ewalefoh stated.
Ewalefoh defined that business lending charges in Nigeria, which stood at greater than 23 per cent, made housing finance at prevailing market charges troublesome for a lot of builders and potential owners.
To handle the problem, he stated, the federal government launched measures to cut back financing dangers and enhance affordability.
These included figuring out middle-income federal civil servants as potential off-takers, committing to the development of entry roads to the semi-urban venture websites and facilitating about 19 million {dollars} in single-digit-interest funding by way of the Federal Mortgage Bank of Nigeria.
He added that one other 20 million {dollars} in concessionary loans was made out there by way of the Family Homes Fund.
According to him, potential owners may even profit from decreased mortgage charges by way of an roughly 112 million-dollar MOFI Real Estate Investment Fund (MRIF).
Ewalefoh stated the federal government negotiated sale costs with the developer to maintain the homes reasonably priced and restricted purchases to 1 unit per purchaser to discourage hypothesis.
He stated the measures had decreased the efficient price of the venture by about 30 per cent.
The ICRC director-general stated the association demonstrated how the federal government may facilitate housing supply with out straight financing building.
He stated about 39 million {dollars} in concessionary funding was serving to to unlock a venture with a building price of roughly 125 million {dollars} in private-sector funding.
.“The government does not need to finance housing capital projects. It can crowd in private capital through policy, land availability and off-taker facilitation to create a replicable, scalable model for housing delivery,” he stated.
The assertion stated the Nigerian mannequin attracted appreciable curiosity through the question-and-answer session, with delegates in search of clarification on how its risk-reduction mechanisms could possibly be tailored to their respective nations.
It stated a number of members targeted on the usage of off-taker preparations and concessionary financing to draw non-public funding whereas retaining housing prices inside attain of goal beneficiaries.
The discussions additionally enabled Nigeria to study from different taking part nations’ experiences in structuring PPP initiatives, allocating dangers and managing implementation.
It stated delegations from all 36 nations shared experiences, together with successes and setbacks, to establish sensible approaches to delivering social infrastructure by way of public-private partnerships.(NAN)www.nanews.ng
Edited by Vivian Ihechu
