IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES (WJEDS )

E-ISSN 2579-0544
P-ISSN 2695-2483
VOL. 10 NO. 1 2025
DOI: 10.56201/wjeds.v10.no1.2025.pg30.40

---

Addressing the Problems of Low-Cost Housing in Nigeria in the 21 Century

Kabir Adeniyi Yagboyaju Ph.D, Ikwuagwu Henry Chinedu Ph.D

---

Abstract

The provision of affordable housing remains a pressing challenge in Nigeria, particularly in the face of rapid urbanization and population growth. With a housing deficit of approximately 28 million units and a real estate market valued at $2.08 trillion as of 2024, access to decent and affordable shelter remains out of reach for millions, particularly those in the low- and middle- income brackets. This paper examines the historical evolution of low-cost housing in Nigeria, identifies critical barriers such as high construction costs, limited financing, bureaucratic hurdles, and insufficient government commitment, and evaluates global best practices in affordable housing programs. Leveraging conceptual frameworks, the study explores innovative solutions, including the use of cost-effective building materials, sustainable construction methods, public- private partnerships, and policy reforms to address the housing crisis. It underscores the need for comprehensive urban planning, community-led housing initiatives, and international collaboration to foster inclusivity and efficiency in housing delivery. This work concludes with actionable recommendations aimed at aligning government policies, private sector involvement, and community efforts to bridge the housing gap. By adopting a multifaceted approach, Nigeria can create a robust, sustainable housing market that ensures every citizen, regardless of income, has access to safe and affordable homes in the 21st century.

keywords:

Urbanization, Sustainable construction, Housing deficit, Public-private partnership

---

References:

Adedeji, I., Deveci, G. & Salman, H. (2023). The challenges in providing affordable housing
in Nigeria and the adequate sustainable approaches for addressing them. Open Journal
of Applied Sciences, 13(3), 431-448.
Elias, G. (2023). Highlights of the changes to the ease of doing business introduced by the
Business Facilitation Act, 2023. www.gelias.com pp 1 - 2.
Moore, E. A., (2019). Addressing housing deficit in Nigeria: Issues, challenges and prospects.
Central Bank of Nigeria Economic and Financial Review, 57(4), 201-222.
Oyebode, A. O., & Daniel, E. I., (2024). Addressing the housing shortage gap in Nigeria: An
exploration of the dry construction method. Journal of Construction Business and
Management, 7(5), 57-71.
Wapwera, S. D., Parsa, A., & Egbu, C. (2011). Financing low income housing in Nigeria.
Journal of Financial Management of Property and Construction, 16(3), 283-301.
Waziri, A. G., & Roosli, R. (2013). Housing policies and programmes in Nigeria: A review of
the concept and implementation. Business Management Dynamics, 3(2), 60-68.



Grant, C., & Osanloo, A. (2015). Understanding, selecting, and integrating a theoretical
framework in dissertation research: Creating the blueprint for your “house”).
Administrative Issues Journal Education Practice and Research, 4(2), 12-26.
Siyan, P., Adewale, E.A., & Ovosa, M.E. (2019) The development of mortgage finance in
Nigeria and its impact on the economy. International Multilingual Journal of Science
and Technology (IMJST), 4(3), 455 - 465.
Irfan, A., Saira, A., Shahid, M., & Umar, F. (2018). Determinant attributes of customer
choice of banks, supplying mortgage products. Journal of Economics and Behavioral
Studies4(5), 287-296.
CBN (2019) Draft guidelines for the licensing and regulation of primary mortgage banks in
Nigeria, April 2019

DOWNLOAD PDF

---

Back