Dynamics of Housing Affordability In Nigeria

Abstract

Affordable Housing provision has remained elusive to an average Nigerian, in spite of numerous programs put in action by various government of the country. The situation is similar to other developing countries, thus, it remains a critical issue in socio-economic wellbeing of these countries. The following factors were identified as contributors to poor housing delivery in the country. They include Rapid population growth, rapid urbanization process, rural-urban drift, and high cost of building materials, dearth of indigenous technology and skilled personal, inadequate financial structure as well as poor managerial skill of our mortgage institutions. The past and present housing programs and efforts were reviewed. New solutions were also proposed.

Keywords; Housing, Materials, Population, Programs, Urbanization.