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Nigeria at 65: Housing Policy, Evolution, Impacts, and the Road Ahead (1960 to 2025)
As Nigeria marks its 65th year of independence, one of the country’s most persistent challenges remains unresolved: how to provide adequate, affordable housing for its people. The journey from 1960 to 2025 has seen shifting strategies, ambitious policies, and recurring promises, yet the housing deficit today is estimated at 20 to 28 million units. The question for real estate stakeholders is not whether Nigeria has tried, but why so many initiatives have fallen short and what must change in the years ahead.
The Nigerian Rental Crisis: Inflation, Greed, and Speculation
Rent prices in Nigeria are rising at an alarming rate, often surpassing the country’s already high inflation rate of around 30% annually. In some cases, tenants have reported rent hikes of 40% to 60%, with extreme instances of rent doubling within a year—often driven by speculation and landlord profiteering.
Off-Plan Property in Nigeria: Smart Move or Risky Business?
Thinking about investing in off-plan property in Nigeria? Discover the potential benefits, risks, and key factors to consider before taking the plunge. Is it a smart move or a risky business? Read on to decide!