Are you one of the millions of working Nigerians struggling to own a home? You’re not alone. Out of the 69.54 million Nigerians reported by the National Bureau of Statistics (NBS) to have been gainfully employed as at third quarter of 2018, only 5 million of the total number earn a salary of N3 million and above per year, as compiled from data by Graeme Blaque Group, a Lagos-based advisory firm.
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The Pan African Mall off-plan sales was launched last Saturday the 22nd of April 2023 at the Omanye Aba Auditorium, of the Accra Metropolitan Assembly (AMA) Head Office in Accra. This was under the auspices of the Nigerian High Commission and was Chaired by the Deputy High Commissioner His Excellency Bakori A Usman, on behalf of the High Commissioner His Excellency Ibok-Ete Ekwe Ibas, without who the project would not have come this far. The Deputy High Commissioner said “this project is for the improvement of bilateral relations between the two countries that have traditional ties even before Ghana and Nigeria became independent. You will find out that so many people communicate in the same mother tongue like Bashir and I. So there is really not that much difference between us. The only separation is our laws and therefore we must be law abiding.” The Pan African Mall is […]
Davido’s Timeless Concert Takes Centre Stage: A Link to his Multi-Million Naira Real Estate Interests
Nigerian superstar, Davido, is a household name in the music industry, and he also has huge interest in the real estate sector. At his recent comeback concert, Timeless, held at Tafawa Balewa Square (TBS), Davido wowed his fans with an impressive stage design and performance. An unforgettable experience for his fans who had eagerly awaited new music and a live performance from their favourite artist.
The high cost of private property acquisition and the unwillingness of banks to lend to low-income earners in Nigeria are two major factors that hinder the development of affordable housing in the country. According to a report by PwC, Nigeria has a housing deficit of about 22 million units, which would require an annual investment of $363 billion for 10 years to bridge. However, the average cost of building a house in Nigeria is estimated at $40,000, which is beyond the reach of most Nigerians who earn less than $2 per day.
Building collapse is a serious issue in Nigeria that has caused many tragedies over the years. According to a report by Brookings, Nigeria had the highest frequency and intensity of building collapse in Africa between 1974 and 2019, with over 221 buildings collapsing across different Nigerian cities…
In Nigeria, the shortage of housing units poses a significant challenge, particularly in urban areas, affecting millions of people. According to the World Bank, the country needs about 700,000 housing units annually to meet the demand of its growing population, but only 100,000 are provided. Consequently, there is a housing deficit of at least 17 million units that is expected to increase as the population doubles by 2050.
Inclusive and Affordable Housing in Nigeria: Opportunities, Innovations, and the Importance of Inclusive Policies
Accessing housing is a fundamental need for all human beings, but it is a major challenge in Nigeria. With a rapidly growing population of over 200 million people, more than half of whom reside in urban areas, the country faces a significant housing deficit of 28 million units. A majority of the urban population lives in substandard settlements lacking basic amenities like proper sanitation, security, and infrastructure.
The Future of Housing in Nigeria: Trends, Predictions, and the Role of Government and Private Sector
Nigeria’s population is rapidly increasing, and its economy is growing, but there is still a huge housing deficit. According to the World Bank, the country needs around 28 million new homes to meet its citizens’ demand. Unfortunately, the supply of housing is insufficient, leaving many Nigerians struggling to find decent and affordable accommodation.
Kano Economic City (KEC) is a massive economic hub situated on 117 hectares of land in Dangoro, Kano State, Nigeria. It is one of the largest economic centers in West Africa and a public-private partnership between the Kano State Government and Brains and Hammers. KEC was created to address the problems of fire outbreaks, accessibility, safety, and security in Kano markets while creating opportunities for growth and development.