The Nigeria Housing Sector

Nigeria has massive infrastructure deficit not captured by international institutions like world bank.The massive infrastructure amounting to 30percent of GDP was anathema and shocking compared 70percent of GDP in line with international best practices.With population rate growing at a rate of 2.5% to reach between 400m. to 500m.by 2050 the expected growth rate of 2.8% by the construction industry was not achievable in 2024.Unlike my estimated infrastructures survey of $50trillion ,world bank estimated $3trillion methinks inadequate for the country to turn around its infrastructure deficit in the economy.In the letter I took professor Wole Soyinka at his Ogun State I estimated to turn Nigeria into new York into two years we badly needed to spend $50 try.I later discovered how to generate such funds even more.

The housing deficit of 28 million units growing by almost million houses per annum estimated by Federal mortgage bank of Nigeria too in January 2023 is not accurate to almost 50 million housing deficits increasing by 3 million deficits  at least for 500million upcoming population growth rate. The best is to build ahead of time.