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Most Nigerians cannot afford to buy a house

11 May 2020

Al Jazeera reported today that the World Bank says Nigeria needs hundreds of billions of dollars to bridge its housing deficit.

The report added that home ownership is at a mere 25%, and Nigerians are finding it harder to buy as incomes fall along with the price of oil, the country’s main earner.

See further details in this video below from Al Jazeera’s Ahmed Idris from Abuja, Nigeria.

But there is a cheaper and more affordable way out of this crisis, if only Nigerian governments had the political will to act, as highlighted below.

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