Stakeholders Seek Stronger Financing System for Housing Deficit Gap

Nigeria’s housing deficit has been estimated at 14.9 million units, with policymakers and industry stakeholders increasingly focusing on housing finance, infrastructure and market development as critical to addressing the country’s shelter needs and housing deficit gaps.
The Federal Ministry of Housing and Urban Development, in its nationwide housing assessment reports, also estimated that about 15.2 million existing homes are inadequate, citing deficiencies in essential services such as clean water, sanitation, electricity and adequate living space.
The figures have renewed calls for a shift in Nigeria’s housing strategy from simply increasing the number of houses constructed to deve...