By Nwonah Olubukonla
Apart from food and clothing, housing ranks as one of man’s three fundamental needs. In developed nations, housing has gone beyond just having a roof over one’s head but rather a yardstick to measure a person’s standard of living and position in the society.
Consequently, developed nations invest heavily in housing recognizing that it is a key stimulant to economic growth. Thus, the health and wealth of a nation can be measured from the appraisal of its housing sector.
Being the most populated nation in Africa, Nigeria is confronted with severe housing challenges as its predominantly low and middle income earners do not have access to qualitative housing. With a population of about 190 million and 35% of this figure dwelling in cities, it is apparent that the problem is burdensome. However, it must be acknowledged that even in developed nations, there…
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