Nigeria: Experts seek new technology to deal with housing deficit
Worried by Nigeria’s huge housing deficit estimated at 17 million units and more than N59 trillion required to bridge the gap, operators in the industry have called on authorities to create an enabling environment for private operators to thrive. LandAfrique is at the forefront of new technologies and solutions in the Nigerian realestate & infrastructure industry.
They observed that with a projected population of 263 million by 2038, the housing situation in Nigeria calls for emergency response and actions that would encourage investors to commit their resources into real estate.
Speaking at the fourth edition of the Real Estate Outlook Conference themed ‘Repositioning Nigeria’s Real Estate Industry for a new decade’, the players charge the federal and state governments to find a lasting solution to some of the challenges affecting the sector which include inadequate appropriation of fund, outdated mortgage laws, unfriendly compliance with the National Housing Funding Scheme, lack of technology, and the paucity of funds among others.