TransadvisoryLegal is honoured to have served as transaction advisor to Continental Civil and General Construction Limited and Ceezali Nigeria Limited (the Consortium) in their successful engagement for the construction and delivery of 100,000 housing units across Nigeria.
Under this groundbreaking initiative, Phase One will deliver 20,000 housing units in the Federal Capital Territory (FCT), while Phase Two will roll out an additional 80,000 units across select locations in the six geopolitical zones of Nigeria.
This project forms part of the Renewed Hope Cities and Estates Programme, a flagship initiative designed to close Nigeria’s housing deficit through innovative public-private partnerships (PPP).
How the Housing Units Will Work
The housing units will be delivered in well-planned estates with standardized designs, infrastructure, and modern amenities to ensure livability, affordability, and sustainability. They are structured to cater to diverse income brackets, with mortgage-backed offtake arrangements to make homeownership attainable for a wider segment of Nigerians.
Through the Federal Mortgage Bank of Nigeria (FMBN), affordable mortgage loans will be made accessible to prospective homeowners, ensuring that the houses are not just built, but also occupied by those who need them most.
The Role of Private Sector Participation
The scale of Nigeria’s housing deficit demands the active involvement of the private sector. Government support in the form of policy, land approvals, and facilitation of mortgages provides an enabling environment, but private sector innovation, capital, and efficiency are critical to driving delivery at scale. This PPP demonstrates how collaboration between government and private investors can unlock massive social and economic value, providing shelter, creating wealth, and stimulating job creation.
The consortium will finance and construct the housing units to completion based on agreed housing designs and prices, while the Federal Ministry of Housing and Urban Development will facilitate the grant of legal titles to select lands across the country. This synergy is expected to create over 2.5 million direct and indirect jobs, significantly contributing to His Excellency, President Bola Ahmed Tinubu’s target of lifting 100 million Nigerians out of poverty.
Our Role as Transaction Advisor
As transaction advisors on this landmark deal, TransadvisoryLegal provided skilled advisory services, structuring the partnership framework, guiding negotiations, and ensuring compliance with the regulatory and financing requirements necessary to bring the project to life.
We are proud to have contributed our expertise to a project of this magnitude, one that not only addresses Nigeria’s housing needs but also catalyzes economic growth and national development.
At TransadvisoryLegal, we remain committed to supporting visionary infrastructure and PPP projects, and we are ready to deploy our expertise on similar transactions across the housing, infrastructure, and energy sectors