Nigeria’s effective housing deficit to hit 28m - Businessday NG

ads…as Lagos to deliver 14,000 units by 2026

Nigeria’s housing crisis could worsen dramatically in the coming years, with the country’s effective housing deficit projected to approach 28 million units unless aggressive interventions are sustained, according to findings from the National Housing Data Technical Committee.

The committee — inaugurated by the Federal Ministry of Housing and Urban Development — placed Nigeria’s official housing deficit at 14.925 million units. However, an additional 15.2 million homes nationwide have been classified as structurally deficient or substandard, effectively pushing the shortage close to 28 million units.

Moruf Akinderu-Fatai, Lagos State Commissioner for Housing, who spoke to newsmen on Tuesday, said the growing housing deficit poses significant risks to urban development, economic productivity and social stability, particularly in fast-growing metropolitan centres such as Lagos.

He noted, however, that the Lagos State Government built and delivered 10,623 units in the last seven years, while a number of other ongoing projects will increase the stock to 14,022 units upon completion before the end of 2026.adsads