Nigeria’s Housing Data Landscape
Data is critical in the development of any sector. It informs policy decisions by government as well as investment decisions made by private sector participants including funders and developers. In light of this, CAHF has been working with the Nigeria Mortgage Refinance Company in Nigeria to support the development of an improved data landscape for affordable housing in Nigeria. The partnership seeks to encourage all participants in Nigeria’s value chain, particularly regulators, administrators and municipal officials, as well as players in the private sector to explore the role they can play in market development through sharing more data, more often.
The collaboration started with a Review of the Data Landscape in African Housing Ecosystems in Nigeria, which interrogates the availability and quality of housing-relevant data required to populate a set of priority indicators that characterise activity along Nigeria’s Housing Value Chain. A virtual roundtable hosted by the NMRC in partnership with CAHF, convened Nigeria’s housing and housing finance stakeholders to discuss the full report’s recommendations. The presentation explored the data pipeline for housing and next steps to promote data availability in Nigeria’s housing sector. At the Africa International Housing Show held in Abuja in July 2023, 71point4 delivered a presentation on structuring Nigeria’s data landscape with principles for tidy data.
The NMRC in collaboration with the National Bureau of Statistics and Central Bank of Nigeria have been working towards establishing a National Housing Data Centre (NHDC) leveraging on the existing Housing Market Information Portal (HMIP). The mission of the NHDC is to collect, store and disseminate housing data in Nigeria, to support better investment decision-making for affordable housing, and the growth of working affordable housing markets in Nigeria.
In support of this effort, we have:
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- produced a series of Data Action Briefs: Housing Sector Data in Nigeria to highlight the opportunities for key players to build Nigeria’s housing data landscape.
- developed a Nigerian Housing Data Dashboard, using publicly available data from the Nigeria Living Standards Survey (2018)
- developed a note on the Data Requirements for Building Nigeria’s Housing Economic Value Chain Model. This note outlines the typical sources of data required to build a more comprehensive Housing Economic Value Chain for Nigeria, and the data gaps that we’ve faced.
- developed various presentations:
- the economic argument for ‘Affordable’ Housing in Nigeria
- the role of data and market analytics in supporting Nigeria’s housing sector
- an overview on Big Data and Analytics as a critical tool to improving residential real estate.
Nigeria’s Housing Data Landscape Project is being undertaken in partnership with the NMRC and 71point4, with core funding provided to CAHF from the French Development Agency, AFD. We are grateful to Reall for their initial support as well.