Let’s face it—finding a decent place to live in Nigeria, especially in cities like Lagos, is becoming harder by the day. The real estate sector might be expanding, but for the average Nigerian, owning or even renting a home that doesn’t break the bank still feels like a dream.
Why Are We in This Mess?
The problem isn’t new, but it’s definitely getting worse. Lagos, for example, is bursting at the seams with people. Everyone’s coming in search of greener pastures—better jobs, schools, business opportunities. But while the population keeps growing, the number of homes hasn’t. That’s how we ended up with a housing deficit of over 2 million units in Lagos alone. And it’s not just Lagos—other cities are following the same path.
The truth is, urban growth without proper planning is like building a house on sand. We’re expanding, but not smartly.
It’s Not Just About Houses—It’s About Price
Even when new buildings go up, they’re often luxury apartments or gated communities only a few can afford. What about the everyday worker, the teacher, the tailor, the tech guy just starting out? Most of these new houses are priced way out of reach.
There’s a real hunger for affordable housing—not just any house, but safe, decent homes with running water, electricity, and a location that doesn’t require a two-hour commute.
What’s Being Done (And What’s Still Missing)
To be fair, there have been some steps in the right direction:
- Lagos State bumped up its housing budget by over 80%. That’s a big move, and it shows housing is finally being taken seriously.
- Monthly rent options are now on the table, which is a relief for tenants who can’t afford annual payments upfront.
- Some developers are beginning to focus on lower-cost projects instead of only chasing luxury profits.
But let’s be honest—it’s not enough. Not yet.
Why Should We Care?
Because housing affects everything. Kids can’t study well if they don’t have a quiet place to sleep. Workers can’t be productive if they spend half their income on rent. And families can’t thrive if they’re constantly being pushed from one place to another.
Fixing this isn’t just about real estate. It’s about dignity, opportunity, and stability.
Checkout this 3 bedroom carcass Terrace Duplex in Lakowe
Nigeria’s real estate sector is bursting with potential, but we need to stop chasing shiny towers and start investing in people. The solution isn’t just
building more—it’s building smart, inclusive, and for the future.
It’s time we turned this housing crisis into an opportunity to redefine what development really means—not just growth, but growth that works for everyone.
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