Nigeria’s housing crisis: Evaluating public and private intervention
High-rise apartments create space in densely populated cities.   Source: Photo by Brandon Griggs via Unsplash

Nigerian houses are not affordable. It’s neither news nor a mystery. With our growing population, we simply haven’t built enough homes to keep up. 

For the poor, it means either not having a home or staying in bad living conditions. And for the middle class, it's a housing market that lacks the right type of houses, especially in the desired location, as well as payment plans that don’t work for most.   

The government has battled these issues since our independence; and recently, startups have tried their hands at offering new solutions.  

In Lagos, where the housing problem is more acute, many will be familiar with the likes of Spleet, Fibre, and Muster whose target market is the many young workers in the megacity. 

Spleet, for instance, understands that there is a constant flow of professionals looking for a particular type of home: studios and one-bedroom units.

The company plugs this

Continue reading this story

Not ready to subscribe? Register to read a selection of free stories

Fisayo Okare

Fisayo Okare

Read Latest

The CBN is hurting the naira, here’s what they should do instead

PREMIUM - 22 OCT 2021

Five years on, net metering remains impossible for Nigeria's solar user

PREMIUM - 21 OCT 2021

Ditch the growth mindset, Nigeria is becoming more unfair

PREMIUM - 18 OCT 2021

Is the Nigerian budget a right fit for the economy?

PREMIUM - 15 OCT 2021