The President Bola Tinubu’s led Federal Government efforts to address the nation’s housing deficit through the Renewed Hope housing scheme has received a boost, as real estate technology firm, Qshelter Limited, unveiled its plan to deliver 2,500 new housing units within six months across Lagos, Abuja, Kano, and Ogun States.

According to report by the Central Bank of Nigeria (CBN), the Country has a significant housing deficit, with estimates ranging from 17 to 28 million housing units. This translates to a large percentage of the population lacking adequate housing

However, the new housing plan, was disclosed in a statement by the firm after a two-day sales strategy conference in Lagos, where senior executives of Qshelter and its development partners outlined market insights, project updates, and tactical approaches to expand affordable housing access, especially for first-time buyers and Nigerians in the diaspora.

According to the statement, the Chief Commercial Officer, Dare Makinde, said that the company is scaling its efforts significantly under a national campaign tagged “Mission 2500,” with a target of ₦125 billion in housing sales by year-end.

As part of this drive to deliver 2,500 Renewed Hope properties, Qshelter also plans to extend the initiative to Nigerians in the diaspora, with a goal of selling at least 250 units to this segment.

The statement further stated that Qshelter’s approach is heavily data-informed and focused on demand hotspots.

“We are building where Nigerians want to live and work. We sold 700 units last year now we are scaling to 2,500. That’s aggressive, but achievable,” he said.

Despite some hurdles, Makinde reaffirmed Qshelter’s commitment to housing delivery under the Renewed Hope Initiative.

“The market is ready, buyers are ready. We just need continued collaboration with government on infrastructure, with banks on financing,” he said.

Olawale Ayilara, Managing Director, LandWey Investment Limited, noted that one of the key projects driving force for this expansion is the Renewed Hope Coastal City in Lagos State, stressing that Qshelter has engaged LandWey as a strategist consultant on the project.

Ayilara pointed out that the Coastal City project is being positioned as a flagship development under the Renewed Hope Initiative, saying it must stand out in an increasingly competitive real estate landscape.

The statement stated that he presented a detailed 12-month marketing strategy during the conference, with an emphasis on branding, digital outreach, and buyer incentives designed to spark interest and close deals faster.

The statement revealed that the housing project would have a flexible payment structure, with 50 percent upfront, and the remaining 50 percent upon delivery.

“We’re not just selling houses, we’re selling a lifestyle. And we need to back that up with a great on-site experience,” he said, noting that a well-designed sales office and impressive physical presentation will be key to securing customer trust.

Adegbenga Alamu, Executive Director, said several of these developments are part of the government-backed Renewed Hope Cities and Estates Programme, with Abuja’s Renewed Hope Estate already in its first phase of delivery.

“We’re expecting about 600 units to be ready for commissioning by October. Government has been responsive with infrastructure support, especially in Abuja where road work is ongoing,” he said.

He added that high closing costs, including legal fees, documentation, and title processing, remain a deterrent for many prospective homeowners.

“You can spend ₦15 million extra on a ₦100 million home just handling closing costs. That’s where policy change is needed,” Alamu said.

John Jato, Qshelter’s General Manager, Sales Abuja, identified access to construction funding as the company’s biggest obstacle, worsened by inflation and currency volatility.

“There’s demand, but cost of delivery is rising. We need sustainable, affordable construction finance,” he said.

According to the statement, Benjamin Akindeko, Chief Technology Officer, said that the company’s proptech platform supports fully digital property applications, remote verification, and flexible payment plans tailored to different income groups.