N50bn Required Annually for Slum Upgrade and Urban Development, Says Minister

Nigeria needs approximately N50 billion annually to upgrade its slums and drive urban development, according to Minister Ahmed Dangiwa.

Nigeria's Minister of Housing and Urban Development, Ahmed Dangiwa, has outlined a significant investment requirement for slum upgrade and urban development initiatives, estimating that approximately N50 billion is needed annually to drive these projects forward. This substantial allocation aims to improve living conditions in urban areas and promote sustainable urban growth. The figure highlights the scope and scale of the government's efforts to address pressing issues related to housing and urban development. By committing such a substantial amount each year, the government seeks to make meaningful progress in upgrading slums and enhancing the overall quality of life for citizens.