By Martha Agas
Abuja, Oct. 19, 2026 (NAN) African international locations 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 a press release issued by Ifeanyi Nwoko, Acting Head of Media and Publicity, ICRC, in Abuja on Monday.
The assertion mentioned the discussion board, held on the Africa Hall of the United Nations Economic Commission for Africa (UNECA), attracted delegations from 36 international locations.
It mentioned it was co-organised by the UNECA, the African Development Bank (AfDB) and the African Legal Support Facility (ALSF), beneath the theme: “Making Social Sector PPPs Work: From Policy Ambition to Effective Service Delivery”.
It mentioned the occasion constructed on the inaugural version held in 2024, which introduced collectively greater than 30 African PPP items 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 mentioned the two-day discussion board featured a Leaders’ Dialogue, thematic breakout periods and undertaking clinics specializing in danger allocation, availability funds, viability hole funding, subnational PPP fashions and contract administration.
It mentioned the undertaking clinics supplied alternatives for PPP items to current ongoing social sector initiatives, share experiences and search knowledgeable recommendation on implementation challenges.
He mentioned Nigeria was amongst 5 international locations that introduced initiatives on the clinics, alongside Malawi, Kenya, Djibouti and Côte d’Ivoire.
Speaking on Nigeria’s mannequin, Ewalefoh mentioned the Renewed Hope Cities programme was designed to ship 100,000 housing items throughout chosen cities via 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 mentioned.
He mentioned the Federal Government, beneath President Bola Tinubu’s Renewed Hope Agenda, centered on lowering undertaking dangers to draw non-public funding quite than straight financing building.
“The PPP here is that government agreed to de-risk the project,” Ewalefoh mentioned.
Ewalefoh defined that business lending charges in Nigeria, which stood at greater than 23 per cent, made housing finance at prevailing market charges tough for a lot of builders and potential owners.
To tackle the problem, he mentioned, the federal government launched measures to scale 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 undertaking websites and facilitating about 19 million {dollars} in single-digit-interest funding via the Federal Mortgage Bank of Nigeria.
He added that one other 20 million {dollars} in concessionary loans was made obtainable via the Family Homes Fund.
According to him, potential owners can even profit from diminished mortgage charges via an roughly 112 million-dollar MOFI Real Estate Investment Fund (MRIF).
Ewalefoh mentioned the federal government negotiated sale costs with the developer to maintain the homes reasonably priced and restricted purchases to at least one unit per purchaser to discourage hypothesis.
He mentioned the measures had diminished the efficient price of the undertaking by about 30 per cent.
The ICRC director-general mentioned the association demonstrated how the federal government may facilitate housing supply with out straight financing building.
He mentioned about 39 million {dollars} in concessionary funding was serving to to unlock a undertaking 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 mentioned.
The assertion mentioned the Nigerian mannequin attracted appreciable curiosity throughout the question-and-answer session, with delegates in search of clarification on how its risk-reduction mechanisms may very well be tailored to their respective international locations.
It mentioned a number of members centered on using off-taker preparations and concessionary financing to draw non-public funding whereas conserving housing prices inside attain of goal beneficiaries.
The discussions additionally enabled Nigeria to study from different collaborating international locations’ experiences in structuring PPP initiatives, allocating dangers and managing implementation.
It mentioned delegations from all 36 international locations shared experiences, together with successes and setbacks, to determine sensible approaches to delivering social infrastructure via public-private partnerships.(NAN)www.nanews.ng
Edited by Vivian Ihechu
