• FG targets stronger regulation, reforms to tackle 15m housing deficit
Emmanuel Addeh in Abuja
The Minister of Housing and Urban Development, Muttaqha Darma, has disclosed Nigeria’s housing and construction sector contributed more than N77 trillion to the nation’s economy in 2025.
According to him, the real estate services alone accounted for N41 trillion, representing 13.4 per cent of the country’s Gross Domestic Product (GDP), the ministry said in a statement.
The minister revealed the figures in Abuja at a stakeholders’ validation workshop on the National Housing Data Programme and the National Housing and Built Environment Regulation Policy, describing the housing sector as one of Nigeria’s largest economic drivers despite longstanding challenges of weak regulation, inadequate mortgage financing and poor housing data.
