Nigeria’s housing deficit tops 20 million as developers call for intervention to curb rising rents in Abuja

Nigeria’s housing deficit has surpassed 20 million units, according to a senior official of the Real Estate Developers Association of Nigeria (REDAN), who says rising construction costs, limited access to land and financing constraints are driving accommodation prices higher in Abuja and other major cities.
Amos Gbadewole, Vice Chairman of REDAN’s Federal Capital Territory chapter, said government intervention aimed at reducing building costs and improving access to finance could help ease pressure on the country’s housing market.
Speaking at a youth entrepreneurship event in Abuja, Gbadewole argued that the cost of key construction materials, including cement, steel reinforcement bar...