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From Adesuwa Tsan, Abuja
The Federal Housing Authority (FHA) has reaffirmed its commitment to stronger collaboration with private developers to accelerate affordable housing delivery in the Federal Capital Territory (FCT), as part of a broader plan to deliver 10,000 new housing units before 2027.
This pledge came as the FHA, in partnership with BAM Projects and Properties Limited, on Thursday inaugurated a new eco-friendly residential estate in Abuja, a development the agency described as a model for future private-sector-led housing collaborations.
Speaking at the commissioning ceremony, Managing Director and Chief Executive of the FHA Mortgage Bank, Dr. Hayatudeen Atiku Anwal, who represented the Chairman of the Authority, commended BAM for its “exemplary execution and community-focused approach” despite operational challenges.
He noted that the partnership between the FHA and BAM, which began seven years ago, had already yielded tangible results including over 200 completed homes in Karsana Estate, and now the newly commissioned three-hectare Lugbe estate, whose first phase occupies 1.5 hectares.
“This collaboration proves that with the right partners, we can achieve scale and quality simultaneously. The housing deficit in Nigeria is about 18 million units. The demand is there, and with adequate financing, partnerships like this will help bridge it,” Hayatudeen said.
He explained that the newly commissioned estate features three-bedroom terrace duplexes designed to meet high engineering and environmental standards, complete with conduit stormwater drainage, electricity and water systems. He added that FHA Energy would provide affordable electricity metering, while the Authority introduces a sustainable waste and facility management framework to ensure a “green, clean, and secure living environment.”
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The FHA boss further revealed that the agency is leveraging new government-backed financing opportunities through the Ministry of Finance Incorporated (MOFI) and the National Housing Fund (NHF), enabling Nigerians to access housing loans of up to N100 million at single-digit interest rates for repayment periods of up to 20 years.
“Our 10,000-unit housing target aligns with President Bola Tinubu’s vision for a $1 trillion economy because housing is not just shelter, it’s a growth driver, a job creator, and a community builder,” he added.
In his remarks, the Managing Director of BAM Projects and Properties, Mansur Mohammed, described the estate as “a testament to trust, collaboration, and vision,” highlighting the private sector’s role in complementing government efforts to close Nigeria’s housing gap.
“This estate is not just about buildings; it’s about community, sustainability, and long-term impact,” he said. “Beyond the homes, we built a police station and sanitary facilities as part of our corporate social responsibility to ensure safety and hygiene in the Lugbe district. We don’t just build properties; we build communities.”
Mohammed said BAM’s commitment to environmental sustainability was reflected in the estate’s greenery and eco-friendly design. He disclosed that the company is also developing a 45-hectare mass housing project in Karsana, alongside upcoming commercial and recreational projects across the FCT.
He paid tribute to the late Abubakar Mohammed, a former BAM managing director, describing him as a visionary whose foundation made the Lugbe estate possible.
