Sustainable Housing Finance Provision in Nigeria

Abstract

Against the background of the recognized fact that one of the objectives of Nigeria National Housing Policy of 1991 was to ensure that all Nigerians own or have access to decent housing at affordable cost by the year 2000, this paper examines Public-private sector involvement in Housing Finance in Nigeria to achieve the stated objectives.

The achievements and failures of both housing programs were analyzed and the paper found out that housing cost is still on the high side as Public housing finance in Nigeria did not yield much result. Also noticed was that housing affordability is still a mirage by the masses as housing finance provision has been left at the doorsteps of the private sector.The paper concludes by suggesting full involvement of the public sector in the provision of housing finance in Nigeria among others in order to make decent housing accessible to all.

Keywords: Public sector, Private sector, Public-Private Partnership, Sustainability, Open Space, Housing cost, Housing finance and Housing affordability.