Lagos Renewed Hope City 80 Per cent Completed, Sets for Presidential Inauguration
* Ministry Plans Building Materials Manufacturing Hub in Lekki Free Trade Zone, Lagos
The ongoing construction of 2000 housing units Renewed Hope City at Ibeju Lekki, Lagos has reached 80 per cent completion and will be ready for Presidential inauguration soon.
This was disclosed by Housing and Urban Development Minister, Arc. Ahmed Musa Dangiwa during an inspection visit to the site, Thursday August 28th, 2025.
Dangiwa stated "the Ibeju Lekki Renewed Hope City project is 80 per cent completed, with over 700 housing units under phase one ready, for commissioning".
The Minister said the administration of President Bola Tinubu, GCFR is currently building seven Renewed Hope Cities, one in each geo- political zone and Abuja, FCT.
According to Dangiwa, the foundation laying for the second phase of the Lagos Renewed Hope City houses will be done by Mr. President after the commissioning of the 700 units of the first phase.
“The Lagos Renewed Hope City, when fully completed, would deliver 2,000 housing units. The project underscores the commitment of President Bola Ahmed Tinubu to bridging housing deficit in Nigeria”, he said.
The Renewed Hope Cities and Estates initiative nationwide is aimed at providing decent and affordable housing for Nigerians.
As part of his Lagos tour activities, the Minister visited Lekki Economic Trade zone and was conducted round by the Managing Director, Lekki Worldwide Investments Ltd Adeniyi Akinlusi.
Dangiwa inspected various housing projects, industries, building materials, testing laboratories, the deep sea port, Alaro City, Lagos Coastal City, and other ongoing developments.
He commended Lekki Worldwide Investments for providing a strategic site for the Federal Government Building Materials Manufacturing Hub within the Lekki Free Trade Zone.
He explained that the ministry plans to establish six Building Manufacturing Hubs, one in each geo-political zones, aimed at reducing housing production costs through facilitation of production of local building materials.
He disclosed that an investor has already been secured for the manufacturing hub project, which will cut Nigeria’s housing deficit by boosting local building materials production.
"The hub will promote local content, curb rising costs of materials, encourage domestic production, and ensure sustainable housing delivery nationwide", he disclosed.
Dangiwa said the intermodal transport infrastructure in Lekki, including a seaport, airport, rail and roads, will support the effectiveness of the hubs, adding that the infrastructure attracts real estate investments, as housing is required to support these developments.
Earlier, the MD/CEO Lekki Worldwide Investments Ltd, Adeniyi Akinlusi briefed the Minister on projects, noting that the free zone was designed to stimulate growth, reduce imports, attract investment, create jobs and boost housing.
At the Renewed Hope City site, the Executive Director, Loans and Mortgage Services, Federal Mortgage Bank of Nigeria (FMBN), Dr. Muhammad Abdul, said the Ibeju Lekki houses are designed to be affordable and accessible to workers and cooperative societies, with the bank providing the lowest interest rates in the market.
During the inspection of Alaro City, in the Lekki zone, the Minister commended the management’s sustainable building efforts, saying it aligns with the government’s plan to close Nigeria’s housing gap
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