Economic and Financial Review

Alternative Title

Bridging Housing Deficit in Nigeria: Jurisdictional Experiences


Central Bank of Nigeria


Housing Finance, Mortgage Finance, Housing, Nigeria


This article examine housing deficit in Nigeria, drawing lessons from other jurisdiction with a view to recommending measures that would bridge such deficit. The article first examine facts and figures behind the housing Deficit in Nigeria. These include supply side constraints; demand side constraints; housing sector and Nigeria’s economy; housing interventions in Nigeria; intervention and policies in the colonial period; the post-independence period; the post-military era; and 2000 till date. The article highlighted lessons from other Jurisdictions specifically: mortgage lending in selected developed economies like: United States, German, United Kingdom, Israel, Spain; othe countries Singapore; Egypt; Malaysia. In conclusion the article proposes a socio-economic inclusion approach to bridging housing deficit in Nigeria that would: ensure the inclusion of the largely affected proportion of the population and upgrade of their current community and formulating housing policy that will ensure they are not relocated away from the centre of their economic activities; modelled to address: about 70 per cent of Nigerians live below poverty line; about 80 per cent living in either slums or poor conditioned homes in the urban centres should benefit; very weak purchasing power of end-users; lack of access to mortgage facilities by vast majority of low- and middle-income classes; and over 17 million housing deficits.

Author Bio

Prof. Adeola F. Adenikinju is a staff of the Department of Economics, Univeristy of Ibadan, Ibadan, Nigeria.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Adenikinju, A. F. (2019). Bridging Housing Deficit in Nigeria: Lessons from Other Jurisdictions. CBN Economic and Financial Review. 57(4), 17-36.



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