Confronted with the challenge of housing over 170 million people, various governments had through national development plans made frantic efforts towards ensuring adequate mass housing, especially in urban areas.
However, such efforts at addressing the deficits had not yielded the desired results, leaving the country with huge housing deficits estimated at over 17 million units.Also, the World Bank in 2016 projected that the country required about 700,000 housing units every year to curb this deficit.
According to the World Bank, it would cost the country about N59.5 trillion to address the housing deficits in the country as about 108 million Nigerians are estimated to be homeless, based on an average family of six people per housing unit.With the prevailing situation, it is apparent…
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