By Olumide T. Agunbiade
In development terms, the last few years
of the 20th century and the first few years of the 21st
century have been a total failure. Housing is one of the basic of human needs.
The provision of houses through the creation of mortgages is taken for granted
in developed countries; however, remains a major challenge in developing
countries, especially in Nigeria.
DEFICIT
SPECIFICATION
|
||||
YEAR
|
FIGURE
|
POPULATION
|
PERCENTAGE
|
CAUSE
|
1993
|
8M
|
98M
|
8.06%
|
Mortgage
|
2007
|
12-14M
|
143M
|
9.79%
|
Low supply
|
2010
|
16M
|
156M
|
10.25%
|
Overcrowding
|
2011
|
17M
|
160M
|
10.62%
|
Population
|
2012
|
18M
|
167M
|
10.77%
|
Slum housing
|
Poverty
|
||||
SOURCES: PROPERTYMAX DATA & STATISTICS
IMF
CIA WORLD FACTBOOK
