NIGERIA REQUIRE N20TN TO FUND HOUSING – NUBI

     

A Professor of housing and urban regeneration, University of Lagos, Gbenga Nubi, has said that the country requires between N12tn and housing needs. Nubi stated this while delivering the 13^th inaugural lecture of Unilag, in Lagos on Wednesday, with the theme, ‘Beyond bricks and mortar’. He said the sum would help to reduce the over 16 million housing deficits in the country. According to him, by 2030, the cities of the world would host 80 per cent of the global population and Nigeria needed to brace for challenge. The professor noted that there was general ignorance on the was general ignorance on the issue of housing in the country, adding that housing was an important driver of the economy, accounting for a significant portion of the GDP in developed countries. He said, “Housing is the cure to Nigeria’s problem we have in the country today is little compared to what is ahead if housing issues are not addressed.