Nigeria plans to build 1 million houses every year to address housing deficit

Real Estate Valuation
Real Estate Valuation

The Nigerian government said on Saturday that as a way of addressing the housing deficit in the country, it is determined to deliver 1 million houses every year in order to meet one of the basic needs of the citizens.

The mass housing project, the government said, would close the 17 million to 20 million gap in that sector by the year 2033.

Currently, the government constructs 100,000 houses per year, said Abubakar Aliyu, the federal minister of state for works and housing, addressing media in Abuja.

Aliyu said the government had since realized that the current production is low.

To achieve the new target, the official said the Nigerian government was working to ensure that they provide the enabling environment to attract investors into the sector to help solve the problem of housing deficit in the country and to achieve the government’s goal by 2033.

The mass housing scheme embarked upon by the government, he added, was designed specifically to address the huge housing deficit for the middle and low-income earners in the country. Enditem

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