The Business Day of Nigeria reports that Nigeria needs 500'000 housing units per annum. The United Nations (Habitat) has reported that the country has a shortfall of some 16 million units. The demand for housing is also being negatively affected by low levels of mortgage lending and Household budgets have also been hit by the removal of the fuel subsidy. Viruly consulting research also suggests that the rapidly changing traffic patterns in cities such as Lagos are having a profound impact on ...
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