ABUJA, Wednesday, September 30, 2026. The 2027 election housing plans of six Nigerian political parties focus on land titles, mortgage finance and building costs, as the country faces an estimated housing deficit of 15 million units.
Key facts
- Nigeria’s housing deficit is estimated at about 15 million units, The Guardian reported on Monday, September 28, 2026.
- Nigeria needs about 550,000 new homes a year and roughly ₦5.5 trillion over the next decade to close the gap, according to The Guardian.
- The Social Democratic Party (SDP) has proposed building at least three million affordable homes within four years.
- The Peoples Democratic Party (PDP) and the African Action Congress (AAC) have both proposed 20-year mortgages at interest rates of about 10 per cent.
- Several parties have proposed digital land registries and faster processing of land titles.
Why housing is a 2027 election issue
High land prices, scarce mortgages, poor infrastructure, slow approvals and rising material costs are the main barriers to new housing in Nigeria, The Guardian reported.
A 50kg bag of cement cost about ₦14,500 to ₦15,000, while reinforcement steel sold for ₦1.2 million to ₦1.5 million per tonne depending on location, according to The Guardian.
What the APC is promising on housing
The All Progressives Congress (APC), Nigeria’s ruling party, is running on the Federal Government’s Renewed Hope Housing Programme, which targets 100,000 homes nationwide, The Guardian reported.
The first phase includes housing cities of 1,000 units in each of the six geopolitical zones and the Federal Capital Territory, plus estates of up to 500 units in the other 30 states. Work has begun on more than 3,000 units in Abuja. A 2,000-unit housing city in Ibeju-Lekki, Lagos, is at an advanced stage with sales underway, according to the report.
The government has said 1,859 families in 25 states secured mortgages worth ₦128 billion through the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund, at a fixed rate of 9.75 per cent over 20 years.
2027 election housing plans from the SDP and PDP
The Social Democratic Party (SDP) has pledged at least three million affordable homes within four years under a National Affordable Housing and Sustainable Communities Programme, according to its manifesto as reported by The Guardian. The SDP plans to fund the programme through budget allocations, public-private partnerships, housing bonds, pension funds and diaspora investment.
The SDP also proposed digital land registries, simpler property registration and modern cadastral systems, working with state governments.
The Peoples Democratic Party (PDP) is drawing on its 2023 policy agenda, which includes a National Social Housing Fund, slum upgrading and 20-year mortgages at 10 per cent, The Guardian reported. The PDP has also called for a review of the Land Use Act to lower the cost of land.
What the AAC, ADC and NDC propose
The African Action Congress (AAC) has proposed homes at an average cost of ₦2 million per unit, with 20-year mortgages at no more than 10 per cent interest. The AAC estimated annual repayments of ₦211,000 to ₦235,000, depending on whether a 10 per cent deposit is paid, The Guardian reported.
The AAC also proposed using government-owned land valued at $3.64 billion as seed capital for construction and an investment fund.
The African Democratic Congress (ADC) has proposed several measures, according to The Guardian:
- faster land titling and serviced land
- rent-to-own schemes and housing cooperatives
- pension-backed finance
- local production of cement, steel and roofing materials
The Nigeria Democratic Congress (NDC) links housing to infrastructure and private capital. Funso Doherty, the NDC’s Lagos governorship candidate, has proposed government land allocation, guarantees for investors and lenders, and secondary mortgage finance.
Land and mortgages dominate the 2027 election housing plans
Land administration is the most common thread across the 2027 election housing plans, Nigeria Housing Market reported. Digital registries, faster titles and clearer property rights appear in several manifestos.
Long-term finance is the second shared theme. The proposals include lower mortgage rates, longer repayment periods, rent-to-own schemes and pension-backed lending.
Background
Nigeria’s housing shortage has been a policy concern across several administrations. Land allocation in Nigeria is largely controlled by state governments under the Land Use Act, so federal promises on land reform depend on state cooperation.
What happens next
The parties are expected to expand on their 2027 election housing plans as campaigns progress ahead of the general elections. The Independent National Electoral Commission (INEC) sets the official campaign timetable.
Frequently asked questions about 2027 election housing plans
Which party has promised the most homes in the 2027 election housing plans?
The Social Democratic Party (SDP) has proposed at least three million affordable homes within four years, The Guardian reported. The ruling APC’s Renewed Hope Housing Programme targets 100,000 homes.
What is Nigeria’s housing deficit?
Nigeria’s housing deficit is estimated at about 15 million units, according to The Guardian. The country needs about 550,000 new homes a year to close the gap.
Which parties are proposing 10 per cent mortgages?
The PDP has proposed 20-year mortgages at 10 per cent, and the AAC has proposed 20-year mortgages at no more than 10 per cent, The Guardian reported. The APC government’s MOFI scheme offers 20-year mortgages at 9.75 per cent.
How much does cement cost in Nigeria?
A 50kg bag of cement cost about ₦14,500 to ₦15,000, The Guardian reported on September 28, 2026.
