The Federal Government has acquired 200 hectares of land within the Lekki Free Trade Zone in Lagos for the establishment of a building materials hub designed to reduce the cost of housing production nationwide.
Minister of Housing and Urban Development, Ahmed Dangiwa, disclosed the initiative during a tour of industrial areas within the Lekki and Lagos Free Zones, according to the News Agency of Nigeria (NAN).
Dangiwa explained that the hub will focus on promoting local content in the construction industry, reducing the nation’s dependence on imported materials, and curbing the rising cost of building inputs. He added that the facility would also encourage domestic manufacturing, stimulate investment, and support the federal government’s drive for sustainable housing delivery across the country.
“This hub is aimed at lowering the overall cost of housing by encouraging local production of building materials. It will serve as a model for similar hubs we plan to establish in each of the six geopolitical zones of Nigeria,” the minister stated.
Analysts say the move could ease one of the biggest constraints in the housing sector, where escalating costs of cement, steel, and other inputs have made affordable housing difficult to achieve.
The Lekki Free Trade Zone, already home to major industrial and commercial projects, is expected to provide a strategic base for the initiative, given its infrastructure and proximity to key markets.
