· The delivery of adequate and affordable housing in Nigeria has not met the desired expectations, resulting in inadequate housing stock.
· Successive efforts to meet the ever increasing demand for housing by citizens have failed partly because of the adoption of the public sector driven approach. The new approach for housing delivery is for Government to design and implement policies and partnerships with the private sector and other relevant stakeholders. However, for social housing, Government must be directly involved through provision of funding, subsidies and other incentives as is the practice all over the world.
· Nigeria with a population of over 167 million people, requires a minimum of additional one (1) million housing units per annum to reduce the National deficit of about 17 million housing units and avert a housing crisis by the year 2020.
· Moreover, available studies show that most urban dwellers in Nigeria today live in shanty-towns, dilapidated houses and unsanitary conditions without basic amenities. The scenario is worse in the rural areas where the problems are primarily not just the poor quality of housing but also, that of inadequate infrastructural facilities like roads, drainage, water, power supply and basic social amenities.
· In the same vein, the forward and backward linkages associated with housing have suffered the same fate.