For decades now, the housing sector has been the bedrock of the economy of most developed nations. Apart from being an important tool for stimulating growth, housing construction indices still remain some of the most common measures used by analysts to gauge economic trends in developing countries.
It is no longer news that Nigeria has not been able to develop a sustainable housing system that takes care of the housing needs of its citizens. With a population of over 170 million people, Nigeria, the most populous country in black Africa is plagued with a housing problem. According to the World Bank, Nigeria has a housing deficit of about 17 million units. Reasons for the glaring deficit in affordable houses in Nigeria can be attributed to some of the following factors: lack of expertise, uncertainties in housing policies, inadequate funding, poor motivation for relevant institutional agencies, political and selfish gains of some key stakeholders, amongst others.
This publication, therefore, examines the challenges and solutions to affordable housing in Nigeria.DOWNLOAD WHITEPAPER