Windows of opportunity in housing and urban development in Nigeria
Introduction; Nigeria has a population of 180million people. With an annual
growth rate of 2.8% and an urbanization rate of 5.8%, the shortfall in housing
production has now reached an alarming proportion. Given the country’s
endowment in both human and natural resources, there is consensus of opinion
that the interplay of effective demand and government’s basket of incentives
present a bountiful opportunity for investment in the housing and urban
development sectors of the Nigerian economy.
The federal ministry of Housing and Urban Development is there
fore pursuing policies aimed at establishing a private sector driven housing
delivery system that will:
Create efficient and dynamic urban settlements;
Fostering economic growth;
Provide employment; and
Ensure improved standard of living for all Nigerians.
INVESTMENT OPPORTUNITIES
Investment opportunities identified by the ministry include:
Housing
construction
Housing finance
Mortgage securities/Insurance
Building material manufacture
Equipment leasing
Maintenance/facility management
Provision of urban transportation
Urban services
Urban renewal schemes.
