‘Nigeria’s housing deficit hits 17 Million’

As federal and private estate developers search for affordable housing for all Nigerians, an expert has put the country’s current housing deficit at about 17 million.

This was disclosed over the weekend in Calabar at the official signing and handing over ceremony of Olive Crest Estate site to Afriprops. The project was undertaken by the Rivers State government through Private Public Partnership (PPP) arrangement.

The Managing Director, Afriprops, Mr. Francis Njoku, said the arrangement was a sure and desirable way for Nigerians to access affordable homes and beat the deficit.

He said Rivers and the South South, with its large expanse of land, has a good percentage of that deficit.

He said the estate covers 46.11 hectares of prime land for residential and commercial purposes.

“It is our desire to create and build, not just houses, but also homes for maximum comfort and class,” he said.

He lauded the state government’s investor-friendly initiative and the “very transparent process that produced Afriprops,” as one of the partners that would work for housing and home development in the new city.