This year’s annual show observed the following in the country’s housing sector:
There is the growing need to expand access to housing in Nigeria and Africa. The implications of the high deficit in housing stork is that
tenants now pay over 60% of their disposable income on housing instead of the 20-30% advocated by the UN. The need exists for effective mortgage system with indigenous technical inputs and private participation.
There are serious barriers to housing provision in Nigeria and there is the need for proper amendment of the laws and the constitution in this regards. Commercial banks’ lending is unaffordable. The Land Use Act of 1978 needs to be repealed.
There is no quick fix to Nigerian housing problems – we need to address all the challenges. Master plans have indicated development problems, and development standards and procedures are due for reform, hence, the creation of slum settlements. There is no doubt that Nigerians can and are building houses. What is needed is access to affordable housing. But, there is need to define affordable housing, knowing that a 100% home ownership is a utopia. Learn More
At The 10th Abuja International Housing Show
PHOTOS OF 10TH ABUJA HOUSING SHOW DAY ONE View More
PHOTOS OF 10TH ABUJA HOUSING SHOW DAY TWO View More
PHOTOS OF 10TH ABUJA HOUSING SHOW DAY THREE View More
PHOTOS OF 11TH ABUJA HOUSING SHOW DINNER View More
PHOTO OF ABUJA HOUSING SHOW EXHIBITION STANDS View More