This report uses CAHF’s Housing Cost Benchmarking and Housing Economic Value Chain Modelling methodologies to analyse the Nigerian housing market. It forms part of a series of reports on Housing and the Economy which utilise a pioneering methodology to describe, quantify and compare the impact of housing on the economies of African countries.
This report maps the structure of housing supply and demand in Nigeria, applying the methodologies to estimate the contribution of housing construction and rental activities to Nigeria’s economy. This enables the identification of key areas in Nigeria’s housing system that could be improved to maximise the production of owned and rented housing that better matches the demand profile of Nigeria’s urban and rural households.
The report finds that understanding the composition and challenges in Nigeria’s housing economic value chain will assist in shaping policy that encourages the growth of vibrant local construction and rental markets, as well as supporting upstream intermediate input markets required to develop a competitive housing construction and real estate sector.
The Housing Economic Value Chain analysis concludes that if the Nigerian housing sector is stimulated in ways that create continuous and growing housing markets offering more affordable and appropriate housing products to the massive latent demand across Nigeria’s affordability pyramid, the sector has the potential to become a major economic driving force for diversified and sustainable growth of the overall economy.Download PDF