{"id":2642,"date":"2016-10-27T12:17:53","date_gmt":"2016-10-27T11:17:53","guid":{"rendered":"http:\/\/www.tolet.com.ng\/blog\/?p=2642"},"modified":"2017-04-27T18:08:34","modified_gmt":"2017-04-27T17:08:34","slug":"what-you-need-to-know-about-low-cost-housing-in-nigeria","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/what-you-need-to-know-about-low-cost-housing-in-nigeria\/","title":{"rendered":"What You Need To Know About Low Cost Housing in Nigeria"},"content":{"rendered":"

Nigeria has a housing deficit of 17 million units and more than 60% of Lagosians live in slums and substandard housing. Affordable housing schemes in Nigeria<\/a> have been proposed several times prior as a solution to the housing problem. In 1991, the government rolled out \u201cHousing for All by the Year 2000 AD<\/i>\u201d that was supposed to ensure all Nigerians had decent, affordable housing by the turn of the millennium. The National Housing Policy<\/i> (NHP) created in 2006 was yet again another proposed solution to a growing and recurring problem of housing shortage and in 2013, the government commissioned the Nigerian Mortgage Refinance Company<\/i> (NMRC)<\/a>, \u00a0a private sector-driven mortgage refinancing company with the public purpose of promoting home ownership for Nigerians while deepening the primary and secondary mortgage markets.<\/span><\/p>\n

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These schemes<\/a> are yet to make a substantial impact on the housing deficit<\/a> and more than half of working class Nigerians still can\u2019t afford the double digit mortgage payments or the high rent fees. The cost of building most of these housing estates<\/a> is such that any attempt to distribute the homes at absolute giveaway prices would result in an overwhelming budget deficit for the government.<\/span><\/p>\n

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Low cost housing might just prove to be the lasting solution that the housing problem needs. The phrase \u201clow-cost\u201d \u00a0was often thrown around during the pre-planning and planning stages of the existing and defunct affordable housing schemes but the reality was often difficult to achieve. This is because the cost of building with the traditional materials<\/a> used in Nigeria has steadily risen over the years. The unstable nature of the Nigerian economy over the past two decades, corruption and failure to completely take the standard of living & minimum wage into account have also been a stumbling block to the effectiveness of these schemes till date.<\/span><\/p>\n

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It might be time to look away from the materials we currently employ in order to truly make affordable houses for minimum wage earners. <\/span>Maximizing small spaces and choosing the right construction materials are essential factors that must be thoroughly considered in order to make houses at the lowest cost possible. Of course, proper consideration for natural factors must be taken in choosing building materials. Efficient planning and project management, economical construction technologies and use of alternate construction methods available are also crucial in building low-cost houses. When choosing building materials for low-cost housing, the following are essential:<\/span><\/p>\n