As Abuja battles an ever-deepening housing disaster, a coalition of civil society and personal sector leaders has launched a recent nationwide marketing campaign to deal with the nation’s housing deficit—with the Federal Capital Territory rising as a vital concern.
Related Growth (CODE), in partnership with actual property agency BraveRock, unveiled the initiative throughout a press briefing in Abuja on Tuesday, August 5.
The marketing campaign, which aligns with the United Nations Sustainable Growth Aim 11, seeks to supply secure, inexpensive housing for all Nigerians by 2030.
CODE’s Chief Govt, Hamzat Lawal, famous that Abuja alone requires 1.7 million extra housing models, virtually 10 p.c of Nigeria’s nationwide shortfall, to accommodate its rising inhabitants.
“This isn’t simply an financial challenge; it’s a human rights disaster. The Nigerian Structure recognises shelter without any consideration, but hundreds of thousands stay homeless, particularly in our capital metropolis,” Lawal declared.
The broader image is bleak: Nigeria is going through a housing deficit estimated between 17 and 28 million units, and whereas demand requires 900,000 new properties annually, solely 100,000 are being constructed, leaving cities like Abuja to deal with overcrowded slums and rising homelessness.
To bridge this hole, CODE is asking for the creation of a Nationwide Housing Information Centre for dependable planning, inclusive land reforms, and incentives for productive land use.
The organisation can also be advocating for inexpensive financing fashions corresponding to rent-to-own schemes, micro-mortgages, and housing cooperatives.
Lifeline for Abuja Residents
In the meantime, BraveRock’s Managing Director, Usman Zambuk, pledged to scale up operations throughout the nation, together with increasing additional in Abuja and Lagos.
He warned, nevertheless, that Nigeria’s housing problem is compounded by “runaway building prices, land inflation, and rates of interest that may hit 35%—making affordability unimaginable for strange Nigerians.”
Zambuk described Abuja’s housing emergency as a multi-dimensional crisis, the place financial hardship, city sprawl, and social exclusion intersect.
“The variety of casual settlements is rising, and individuals are being pushed additional to the margins,” he stated.
Each organisations are calling on the federal authorities to strengthen housing interventions just like the Household Dwelling Fund and Nationwide Housing Fund with stronger monetary backing, whereas additionally pushing for a brand new tradition of inexperienced, cost-effective constructing utilizing native supplies.
With simply 5 years to the SDG 2030 deadline, Abuja’s housing shortfall stands as a urgent name for collaborative motion, earlier than the dream of inexpensive shelter turns into solely out of attain.
