United Nation’s statistics placed Nigeria’s housing deficits at over 22 million homes. While the National Housing Policy stated that to achieve the goal of providing 15 million housing units by the year 2022, over one point two million Housing Units must be built annually noting that in the next ten years, the number could doubled if proactive measures are not taken.
To this end, stakeholders in the real estate sub-sector of the economy have called on Government at all levels to formulate deliberate policies or revisit existing policies to make land and finances available to mitigate the challenge.
The Chief Executive of an estate development company, Uzo Onukwubiri at the celebration of her company’s 10 year anniversary in the estate industry attributed the problems of housing shortages to physical deterioration, poverty, inadequacies and inequality in service delivery system that has escalated She also appealed to the relevant authorities to intensify efforts in meeting the housing needs of the Nigerian middle and lower class citizens.
Some stakeholders also shared their thoughts on how to tackle the nation’s huge housing gap. It is estimated that about one hundred thousand housing units are built annually and an average of 80% of
Nigerians live in informal housing plagued by problems related to poor quality and inadequate infrastructure which affects their standard of living and place in the society.
