The dream of building a personal home is becoming increasingly difficult for young Nigerians as rising construction costs, expensive land, limited mortgage access and declining purchasing power combine to weaken housing affordability.

For many young people, securing employment and maintaining regular savings no longer provide a reliable path to homeownership. A growing proportion of household income is now spent on food, rent, transportation, electricity and other necessities, leaving little for land acquisition or construction.

A 2024 savings report by PiggyVest indicated that 65 per cent of Nigerians surveyed either earned below ₦100,000 monthly or had no income.

Only 57 per cent reportedly had some form of financial safety net, down from 64 per cent in the preceding year. The report also found that just 15 per cent had increased their savings, while 19 per cent of those who previously maintained emergency funds had lost them.

The income challenge has been compounded by sharp increases in the prices of essential building materials.

A March 2026 market report placed the price of a 50-kilogramme bag of cement at between ₦11,500 and ₦15,000, compared with about ₦2,500 to ₦3,000 in 2019.

This represents an increase of as much as 367 per cent within seven years.

For a residential project requiring hundreds of bags of cement, the price difference can add several millions of naira to the construction budget.

Other building inputs, including reinforcement steel, sand, granite, roofing sheets, tiles, electrical materials and plumbing products, have also recorded substantial price increases.

Some major building materials reportedly rose by more than 60 per cent, with the increase attributed to inflation, exchange-rate instability, transportation expenses, taxes and higher production costs.

These price changes create severe difficulties for individuals constructing their homes in phases. A budget prepared at the foundation stage may no longer be realistic by the time the owner is ready to begin roofing or finishing work.

Land acquisition presents another major obstacle. In Lagos, Abuja and other rapidly growing urban centres, the cost of land can consume a substantial portion of a young worker’s lifetime savings before construction even begins.

Prospective homeowners must also pay for surveys, title documentation, planning approvals, architectural drawings and other preliminary requirements.

Borrowing is equally difficult. Commercial interest rates remain too high for many individuals seeking loans to build or purchase residential properties.

Although mortgage products are available, eligibility conditions, equity contributions, property-documentation requirements and repayment obligations can exclude workers with modest or irregular incomes.

Labour and professional services add another layer of expense. Residential construction requires masons, carpenters, plumbers, electricians, roofers, painters and tilers.

Developers and individual builders must also engage qualified architects, engineers and quantity surveyors to ensure that projects comply with planning requirements and safety standards.

Attempts to reduce costs by avoiding competent professionals can expose homeowners to defective construction, project abandonment, building failure and future legal problems.

The seven major pressures affecting young prospective homeowners are declining disposable income, expensive cement, rising prices of other materials, high land costs, costly credit, increased labour and professional fees, and inflation during construction delays.

The situation underscores the need for housing policies that recognise the income realities of Nigeria’s young population.

Government interventions could include serviced land schemes, single-digit mortgages, rent-to-own programmes, housing cooperatives, affordable building-material initiatives and support for professionally managed incremental construction.

Reducing the cost of homeownership will require more than encouraging young Nigerians to save. It demands coordinated reforms covering land, finance, infrastructure, construction materials, wages and property documentation.

Without such reforms, owning a home could remain beyond the reach of millions of young Nigerians despite their willingness to work, plan and save.

The post 7 Factors Making It Harder for Young Nigerians to Build Homes in 2026 appeared first on Housing TV Africa.

FirstBank, in collaboration with the MOFI Real Estate Investment Fund (MREIF), has highlighted opportunities for Nigerians to access affordable mortgage financing as part of efforts to reduce the country’s housing deficit and improve access to homeownership.

The financial institutions made this known during a home loan webinar themed, “Beyond Rent: The Path to Home Ownership Leveraging FirstBank-MREIF Home Loan Scheme to Build Long-Term Wealth.”

The webinar was aimed at informing Nigerians in both the formal and informal sectors about available mortgage opportunities and how they can use the scheme to finance homeownership.

Under the FirstBank-MREIF home loan scheme, eligible applicants can access mortgages with repayment periods of up to 20 years at a fixed interest rate of 9.75 per cent per annum, subject to applicable terms and eligibility requirements.

The webinar also highlighted the broader opportunities provided through MREIF, an initiative of the Ministry of Finance Incorporated, which seeks to expand access to long-term mortgage financing and address Nigeria’s housing deficit.

The fund ultimately aims to mobilise up to N1 trillion to expand mortgage access and support housing development across the country.

Speaking during the webinar, FirstBank’s Head of Personal Banking, Chukwuka Okonkwo, said the partnership was designed to broaden access to mortgage financing and contribute to closing Nigeria’s housing deficit.

Okonkwo said FirstBank’s extensive branch network and digital lending platforms provided the bank with the capacity to support Nigerians seeking to own homes.

He said the bank had also established partnerships with developers across several states after conducting research to identify properties that qualify for mortgage financing.

According to him, the bank intends to extend the mortgage opportunity to Nigerians in the diaspora and provide an end-to-end homeownership solution.

He said the partnership with MREIF would help ensure that the scheme reaches Nigerians across several states.

FirstBank’s Head of Security Documentation and Transactional Support, Legal Services, Uzoamaka Ihegazie, also explained the measures the bank takes to protect customers through proper property documentation.

She said the bank verifies property ownership and land documentation before financing is provided.

According to her, the process includes obtaining the Certificate of Occupancy, charting the survey plan to establish that the land is properly allocated for residential purposes and conducting title verification.

She said these documentation and verification processes were necessary to protect customers and prevent ownership-related problems after they take possession of their properties.

Also speaking, Executive Director, Sales and Investment, Leadway Pensure, Oluwafemi Adebayo, commended FirstBank for providing Nigerians with an opportunity to access mortgage financing.

He said access to homeownership was particularly important for Nigerians preparing for retirement, while also highlighting the possibility of using Retirement Savings Account pension schemes to procure property and create wealth.

The National Coordinator of MREIF, Sani Yakubu, said the fund was established to address Nigeria’s housing deficit by making long-term, low-cost mortgages available to average citizens while also stimulating activity in the construction sector.

Yakubu said many Nigerians had already benefited from the initiative and encouraged more eligible Nigerians to apply.

The post FirstBank, MREIF Promote Long-Term Mortgages to Help Nigerians Own Homes appeared first on Housing TV Africa.

The National Youth Council of Nigeria (NYCN) has backed Lagos State Deputy Governor, Dr Obafemi Hamzat, over his call for economic policies that would improve the earning capacity and living conditions of young Nigerians.

NYCN Lagos Chairman, Mr Adigun Ibrahim, made the position known in a statement issued in Lagos on Sunday, saying the council agreed that stronger incomes were essential to helping young people cope with rising housing and living costs.

Ibrahim said the challenge facing young workers extended beyond employment opportunities to whether their earnings were sufficient to support independent living. He noted that rent and other essential expenses were placing increasing pressure on young people whose incomes had not kept pace with the cost of living.

Hamzat had argued that improving the economy should include creating conditions that allow citizens, particularly young people, to earn more. He also pointed to the reliance of many young workers on parents and relatives for accommodation, especially at the early stages of their careers.

According to the deputy governor, controlling the cost of essential goods and services should be part of efforts to improve living conditions. The comments highlight the connection between household purchasing power and access to housing, particularly for workers attempting to establish independent households.

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Ibrahim said NYCN welcomed the emphasis on affordability but stressed that assistance from family members should serve as a temporary support system rather than a substitute for economic and housing policies that enable young people to live independently.

The council called for greater investment in affordable housing, improved wages, decent employment and economic programmes targeted at young people. It also advocated wider access to housing finance to help young workers obtain decent accommodation without placing excessive pressure on their incomes.

The issue has broader implications for Nigeria’s housing sector because housing affordability is closely tied to income levels and access to finance. Even where housing supply exists, workers may struggle to secure suitable accommodation when rents, transport costs and other household expenses consume a large share of their earnings.

For the mortgage and housing finance market, the NYCN position also points to the importance of creating financing options that reflect the realities of younger workers. Access to suitable housing finance can be difficult when income is low or unstable, limiting the ability of many potential buyers to transition from renting to homeownership.

Ibrahim said policies should not require young Nigerians to reduce their ambitions because of economic constraints. Instead, he argued that government and other stakeholders should work toward an economy in which young people can earn enough to pursue independent lives and meet basic needs.

The NYCN chairman commended Hamzat for connecting discussions about youth welfare with earnings, housing and broader economic conditions. He also reaffirmed the council’s willingness to work with the Lagos State Government and other stakeholders on measures aimed at improving economic opportunities and living conditions for young Nigerians.

The wider significance of the discussion lies in the relationship between employment, income and housing affordability. For Nigeria’s growing young population, sustainable access to decent housing will depend not only on increasing housing supply but also on creating economic conditions that give workers the purchasing power and financing capacity to afford it.

The post NYCN Backs Hamzat on Youth Earnings, Affordable Housing appeared first on Housing TV Africa.

The rising price of cement is putting more pressure on Nigeria’s housing market as construction costs increase and homeownership becomes harder for many Nigerians.

The price of a 50kg bag of Dangote Cement has reportedly climbed above N15,000 in some locations. The development comes while the Federal Competition and Consumer Protection Commission investigates pricing in the cement industry.

Construction professionals have called for urgent action to improve supply, increase competition and ensure greater transparency in cement pricing.

Experts Raise Concern Over Housing Costs

Amusan Oluseyi, Principal Partner at Space Button Architecture Limited, said the recent price increases were difficult to explain given Nigeria’s large limestone deposits and cement production capacity.

He said Nigeria has an estimated cement production capacity of between 60 million and 65 million metric tonnes each year. Domestic consumption, however, stands at about 25 million to 30 million metric tonnes.

Amusan urged the FCCPC to take steps that would protect Nigerians who want to build their own homes.

He also warned that cement price volatility was affecting more than construction budgets. According to him, higher cement costs are raising the cost and value of housing while putting additional pressure on rents.

The architect also called for greater use of alternative building materials. He said the government could support research and commercial production of construction methods that rely less on cement.

He cited laterite-based materials, including Latcrete blocks developed by Nigerian architect and artist Demas Nwoko, as one possible alternative.

Supply Shortage Drives Recent Spike

Soji Adeniji, Chairman of the Lagos Chamber of Commerce and Industry’s Engineering and Construction Group, offered a different view of the latest price increase.

Adeniji said the market was facing a temporary shortage rather than a new official price from cement manufacturers.

He linked the shortage to recent maintenance work at a Dangote Cement plant and access restrictions affecting some material depots.

According to him, these challenges reduced the quantity of cement available to distributors. The limited supply then allowed some players in the distribution chain to raise prices.

Adeniji expects prices to ease once more cement reaches the market.

He also said he had not received an official notice from Dangote Cement announcing a new price. He therefore argued that the current prices in some locations should not automatically be treated as an official manufacturer price increase.

Energy and Logistics Add to Costs

John Agbezin, Public Relations Secretary of the Nigerian Institute of Quantity Surveyors, identified several factors that affect cement prices.

These include energy costs, foreign exchange movements, transportation, insecurity and multiple taxes.

Agbezin said manufacturers rely on diesel and gas to operate their plants. Rising energy costs therefore increase production expenses.

Foreign exchange pressures also affect the sector. Some imported inputs, including diesel additives and coal, are priced in foreign currency and add to manufacturers’ costs.

Transportation creates another challenge. Poor roads and insecurity can force truck drivers to take longer routes to avoid unsafe areas.

Agbezin said longer journeys can add significant costs to the final price of a bag of cement.

Infrastructure Projects Increase Demand

Agbezin also pointed to strong demand from major infrastructure projects.

He said large projects can absorb substantial quantities of cement. Suppliers may therefore struggle to meet demand from smaller construction projects and individual developers when supplies become tight.

The situation could create additional pressure for Nigerians building homes, especially those working with limited budgets.

For developers, sudden changes in cement prices can also make project planning more difficult. Higher material costs may affect construction timelines, development budgets and the final price of properties.

Calls for More Competition

Agbezin urged the FCCPC to complete its investigation into the cement industry and publish its findings.

He also called for action against cartels if the investigation establishes evidence of anti-competitive practices.

Greater transparency across the supply chain is another priority. Agbezin said manufacturers and distributors should provide clearer information about factory, wholesale and retail prices.

He also called for more competition in the cement industry. In addition to Dangote Cement, BUA and Lafarge, he said Nigeria should encourage more investment and production capacity.

More competition could give buyers greater choice and reduce the risk of supply disruptions affecting prices.

Impact on Nigeria’s Housing Crisis

The cement market matters directly to Nigeria’s housing sector because cement remains an important construction material.

When cement prices rise sharply, developers and individuals face higher building costs. Developers may pass some of these costs to buyers through higher property prices.

Higher construction costs can also affect rental housing. When it becomes more expensive to develop new properties, landlords and developers may seek higher returns to recover their investment.

The latest price surge has therefore added another challenge to Nigeria’s housing affordability problem.

While some industry operators believe the current increase may result from temporary supply shortages, sustained price volatility could make it harder for households to plan and finance home construction.

Greater supply, stronger competition, transparent pricing and lower production and logistics costs could help bring more stability to the market.

For Nigeria’s housing sector, a more predictable cement market would provide greater certainty for developers, contractors and prospective homeowners.

The post Cement Price Surge Worsens Nigeria’s Housing Affordability Crisis appeared first on Housing TV Africa.

Nigeria has ranked 56th among the world’s 60 poorest countries in a 2026 ranking by Global Finance magazine.

The ranking uses GDP per capita based on purchasing power parity (PPP). Nigeria recorded $9,532.92, placing it close to the upper end of the list.

However, Nigeria fell 12 places from its 44th position in the 2025 ranking. The decline places the country among several African economies with low GDP-PPP per capita.

Africa dominates the ranking

African countries make up nine of the 10 poorest countries on the 2026 list. Yemen is the only non-African country in the bottom 10.

Burundi ranks as the poorest country, with GDP per capita of $994.23. The Central African Republic follows with $1,437.72. South Sudan ranks third at $1,467.19.

Yemen comes fourth with $1,590.19. Mozambique, Malawi, Somalia, Liberia, Madagascar and the Democratic Republic of the Congo complete the bottom 10.

The ranking uses PPP to compare economic conditions across countries. The measure adjusts for differences in prices, living costs and inflation.

This provides a different picture from nominal GDP per capita. It focuses more on the amount of goods and services that income can buy within each economy.

Nigeria ranks above several African economies

Nigeria ranks above several African countries on the list. Niger is 11th with $2,108.46, while Sudan ranks 13th with $2,427.43.

Burkina Faso is 16th with $3,060.34. Lesotho ranks 17th at $3,211.83, followed by Chad and Guinea-Bissau.

Mali takes 20th place with $3,480.41. Togo ranks 21st, while The Gambia and Sierra Leone occupy the 22nd and 23rd positions.

Uganda ranks 26th with $3,923.83. Rwanda and Tanzania follow at 29th and 30th.

Zambia ranks 31st with $4,380.77. Ethiopia follows at 32nd with $4,498.55. Guinea and Benin rank 33rd and 34th respectively.

Senegal occupies 37th place with $5,440.63. Cameroon follows in 38th position with $5,782.69.

Kenya ranks 44th with $7,590.60. Zimbabwe is 46th with $7,985.23, while Côte d’Ivoire takes 48th place with $8,165.34.

Ghana ranks 51st with $8,613.25. Mauritania is 52nd at $8,831.81, while Djibouti ranks 55th with $9,435.70.

Nigeria comes next at 56th with $9,532.92. Nicaragua ranks 57th with $9,765.25.

Nigeria’s economic position and housing

Nigeria’s ranking also has implications for the housing and real estate sectors.

Household income affects the ability of families to pay rent, buy land or purchase homes. It also influences demand for mortgages and other forms of housing finance.

Lower purchasing power can make housing costs harder to manage. It can also limit the number of households that can afford formal housing in major cities.

The construction sector faces similar pressures. High costs for land, building materials, labour and finance can make new housing more expensive.

These challenges make affordable housing policies important for Nigeria. Housing programmes must also consider household incomes and access to finance.

Wider African picture

The ranking shows that low-income economies remain heavily concentrated in Africa. Countries across West, East, Central and Southern Africa appear throughout the lower part of the table.

Angola ranks 59th with $10,274.90. Laos ranks 60th with $10,379.98, placing it at the bottom end of the ranking despite being outside Africa.

The 2026 figures also show notable changes from the previous ranking. Burundi moved from second place to first, while South Sudan fell from first to third.

The Democratic Republic of the Congo moved from seventh to 10th. Nigeria recorded one of the more notable changes, falling from 44th to 56th.

For Nigeria’s housing sector, the figures highlight the link between economic capacity and access to decent housing. Income levels affect homeownership, rent affordability, mortgage access and the ability of households to invest in property.

The ranking therefore offers more than an economic comparison. It also points to the importance of stronger incomes, affordable housing supply, accessible housing finance and effective infrastructure investment in improving living conditions.

The post Nigeria Ranks 56th Among World’s Poorest Countries in 2026 appeared first on Housing TV Africa.

Private developers have started a 15-hectare housing project in the Kabusa-Sheretti corridor of Abuja as demand for residential properties continues to grow across the Federal Capital Territory.

The project, known as Amani Abuja, involves Kopitar, OMEC Properties and Cynosure Realty. The developers plan to add several types of homes to the growing residential market in the area.

Project Targets Growing Abuja Housing Demand

The project sits in Kabusa, an emerging district within Phase Four of the Federal Capital City Master Plan.

The development will offer different types of homes. Plans include one-, two- and three-bedroom apartments. The project will also feature three- and four-bedroom terrace duplexes, semi-detached houses and standalone homes.

The developers also plan internal roads, drainage, electricity and recreational areas. These facilities should support the development as a residential community.

However, infrastructure alone will not make the homes affordable. The final cost will depend on property prices, household income, financing terms and access to mortgages.

Private Developers Support Housing Supply

The project highlights the role of private developers in meeting Abuja’s housing needs.

Government programmes alone cannot meet all the demand created by population growth and urbanisation. Private investment can therefore help increase the number of homes available to buyers and renters.

Partnerships can also help developers combine resources. Companies can bring together land, finance, technical skills and development capacity to deliver larger projects.

The real impact of Amani Abuja will depend on the number of homes the developers complete. Prices and the income groups that can afford the properties will also determine its wider contribution to the market.

Kabusa-Sheretti Corridor Attracts New Development

The location reflects Abuja’s continued outward growth.

As land becomes harder to find in established districts, developers and homebuyers are looking towards emerging areas. These locations can offer opportunities for new housing projects and urban expansion.

Infrastructure will play a major role in their success. Good roads, drainage, electricity, water, security and public transport can help connect new communities to jobs and commercial centres.

Poor infrastructure can create other problems. Residents may face longer journeys and higher transport costs when housing expands faster than supporting services.

Infrastructure Can Affect Housing Prices

Infrastructure also affects the cost of new homes.

Developers often need to provide roads, drainage and other services within their projects. These costs can increase the price of completed properties.

Public investment in infrastructure around new development areas could help reduce some of these costs. Better coordination between government and developers could also support more efficient housing delivery.

For lower- and middle-income households, this issue remains important. A new home has limited value to a buyer who cannot afford the purchase price or the cost of financing.

Housing Supply Must Match Household Incomes

Nigeria still faces a major housing shortage. The Federal Government has previously put the national housing deficit at about 15 million units.

A single project cannot close such a large gap. However, projects like Amani Abuja can contribute to the wider supply of housing when developers complete them and bring the homes to the market.

The type of housing also matters. Increasing supply will have a greater effect when projects serve different income groups.

Land, building materials, labour, infrastructure, regulation and finance all affect construction costs. Developers must balance these costs with what potential buyers can afford.

Mortgage Access Remains Important

Housing availability does not always translate into home ownership.

Many households need long-term mortgage finance to buy a home. High borrowing costs and limited access to suitable mortgage products can reduce the number of people who can purchase newly built properties.

This makes housing finance an important part of Abuja’s growing residential market. Developers may increase supply, but households also need financing options that match their incomes.

Abuja Expansion Creates Opportunities

Abuja’s population growth continues to create demand across different housing segments. Emerging districts can give developers more space to build while allowing the city to expand.

Rapid expansion also creates planning challenges. Residential areas need roads, public transport and basic services to keep pace with new construction.

Government agencies and private developers will therefore need to coordinate development as Abuja’s urban footprint grows.

The post Private Developers Begin 15-Hectare Abuja Housing Project appeared first on Housing TV Africa.

Nigeria’s rising cement prices are putting fresh pressure on the housing market. Real estate developers warn that higher building costs could slow construction and make affordable homes harder to deliver.

The development comes as the Federal Competition and Consumer Protection Commission (FCCPC) investigates cement pricing in Nigeria. The commission is also examining price differences between Nigeria and selected African markets.

Cement prices climb

Market checks cited in the report showed that a 50kg bag of cement sold for N9,300 to N9,700 in January 2026. By July, the price had reached as much as N15,000 in some locations.

Current prices in parts of Nigeria range from about N11,000 to N13,000 per bag. Prices vary by location, supplier and distribution channel.

The increase has added to existing pressures on property developers. Many are already dealing with high borrowing costs, expensive energy, rising material prices and weak consumer purchasing power.

Higher cement costs can reduce developers’ profit margins. They can also force firms to revise project budgets, slow construction or transfer some of the extra cost to buyers and tenants.

Developers seek lower costs

Victor Ameh, managing director of Legendary Foreshore Construction, said cement prices between N13,500 and N15,000 were making construction more difficult.

Ameh noted that many developers depend on bank financing. High borrowing costs therefore make any increase in building material prices more difficult to absorb.

He called for more investment across the cement value chain. He also urged measures to reduce electricity and fuel costs, saying lower production costs would support the construction industry.

Chudi Ubosi, chairman of the Association of Capital Market and Valuers, also called for more investment and competition in cement production.

Ubosi pointed to Nigeria’s large limestone reserves as an opportunity for new investment. He said more producers could help increase competition in the cement market.

He also warned that high cement prices have effects beyond construction. According to him, the impact reaches manufacturing, real estate, commerce and hospitality.

FCCPC faces calls for wider review

The FCCPC investigation has also drawn calls for a broader review of cement pricing. Industry stakeholders say production costs alone do not explain the final price paid by consumers.

Mansur Ahmed, interim chairman and president of the Pan-African Manufacturers Association (PAMA), said the commission should consider the wider economic environment. He cited financing costs, infrastructure gaps and other economic factors.

Muda Yusuf, director-general of the Centre for the Promotion of Private Enterprise (CPPE), also called for a detailed review of cement production costs.

Yusuf said taxes, levies, transport, logistics, energy and financing costs should form part of any comparison between Nigeria and other countries. He also stressed the importance of considering both producers and consumers.

West African prices vary

Cement prices across West Africa show that regional differences are not uniform.

In Lomé, Togo, a 50kg bag sells for about CFA4,550. That was equivalent to roughly N10,844 or $8.03 using the August 18, 2026 exchange rates cited in the report.

The reported average price in Benin Republic was CFA4,500, or about N10,725. In Ivory Coast, CFA5,000 was equivalent to approximately N11,917.

In Ghana, a 50kg bag sold for about GH₵106, equivalent to roughly N12,962.

Prices within Togo also varied sharply by location. A 50kg bag cost about N10,844 in Lomé, compared with approximately N15,492 in Kara and N17,160 in Dapaong.

The differences point to the role of transport, distribution, taxes and other supply-chain costs in determining the final price of cement.

Housing affordability under pressure

For Nigeria’s housing sector, the main concern is the effect of higher cement costs on project delivery.

Developers now face difficult choices. They can absorb the extra cost, reduce the size of projects or raise property prices and rents.

The Real Estate Developers Association of Nigeria (REDAN) described cement affordability in March as a national housing emergency. The association also called for a review of pricing dynamics, including differences between domestic and export prices.

Higher construction costs matter because they affect the entire housing supply chain. When developers face larger project expenses, the cost of new homes can rise. This can make it harder for households to enter the property market or afford better rental housing.

What the FCCPC investigation could mean

The FCCPC investigation could have implications beyond the cement industry. Its findings may help clarify the role of production costs, competition, distribution and other market factors in determining cement prices.

For developers, however, the immediate issue is affordability. They need construction materials at prices that allow projects to remain viable while keeping homes within reach of buyers and tenants.

As the investigation continues, policymakers will face the challenge of supporting a sustainable cement industry while addressing the rising cost of housing. The outcome could influence how Nigeria approaches competition, construction costs and efforts to expand housing delivery.

The post Cement Price Surge Raises Fresh Housing Crisis Concerns in Nigeria appeared first on Housing TV Africa.

Senator Mohammed Ali Ndume, representing Borno South, has asked the North East Development Commission (NEDC) to build more houses in communities affected by insurgency and displacement.

Ndume made the request during a courtesy visit to the NEDC Managing Director and Chief Executive Officer, Mohammed Goni Alkali.

He also called for the creation of an NEDC annex office in Biu. According to him, the office would make it easier for people in Southern Borno to access the commission’s programmes.

The senator said a local office would bring NEDC services closer to residents. It could also reduce the need for people to travel long distances to access the commission.

Housing needed for displaced families

Ndume placed particular emphasis on housing. He identified Damboa, Chibok, Gwoza, Askira-Uba and Biu as areas that need more housing projects.

He said additional homes would support displaced families. They would also help communities affected by insurgency with their resettlement and recovery efforts.

Housing is an important part of rebuilding communities affected by conflict. Families returning to these areas need safe homes as well as roads, schools, healthcare and other basic services.

More housing construction could also support local economic activity. Building projects create demand for construction workers, materials and other services.

Senator seeks support for education and roads

Ndume also asked the NEDC to provide more infrastructure support to key educational institutions in Borno South.

He mentioned the Federal College of Education, Gwoza, and the Nigerian Army University, Biu.

The senator also urged the commission to help complete the Izge–Bita Road. He said he facilitated the project last year, but funding problems have slowed its progress.

Improved road links are important to housing and community development. Roads can improve access to homes, schools, health facilities, markets and other public services.

Ndume commends NEDC’s UMTH investment

The senator also praised the NEDC for its investment in the University of Maiduguri Teaching Hospital (UMTH).

He highlighted the commission’s support for the hospital’s fertility centre. The facility provides specialised reproductive and fertility-related medical services.

Ndume’s comments reflect the wider need to connect housing development with healthcare, education and transport infrastructure.

NEDC responds to Biu office request

Alkali thanked Ndume for the visit and his continued interest in the development of the North-East.

He said the NEDC remains focused on improving living conditions across the region through development projects.

On the proposed Biu office, Alkali explained that the NEDC Act provides for offices across the six states of the North-East.

He said the commission already has offices in some states. Other offices, he added, are at different stages of construction.

Alkali explained that NEDC offices are mainly established at the state level. However, he said the commission would continue to look for ways to bring its services closer to communities.

NEDC promises continued housing investment

Alkali also responded to the request for more housing in Borno South.

He assured Ndume that the commission would continue to invest in quality housing. He said particular attention would be given to communities recovering from insurgency and displacement.

The response keeps housing at the centre of the wider reconstruction effort in the North-East. For displaced families, the availability of homes can play an important role in supporting their return and resettlement.

The requests from Ndume also show the need for housing projects to be supported by roads, education, healthcare and other infrastructure.

For communities rebuilding after years of insecurity, these services are important to creating conditions where families can return, settle and rebuild their lives.

The proposed expansion of housing and infrastructure in Borno South therefore goes beyond the construction of individual homes. It highlights the role of coordinated public investment in supporting resettlement and the recovery of communities affected by displacement.

The post Ndume Seeks More Housing for IDPs, NEDC Office in Biu appeared first on Housing TV Africa.

The Nigerian Institution of Building (NIOB) has warned that quacks pose a serious threat to building safety in Nigeria.

The NIOB President, Mr Daniel Kolade, spoke on Saturday at the closing ceremony of the institution’s 56th annual conference in Abuja.

The conference focused on “Repositioning the Building Profession, Advocacy and Policy Influence in Housing Delivery for a Sustainable Built Environment.”

NIOB Calls for Action Against Quacks

Kolade said the conference gave builders from across Nigeria a chance to discuss key challenges in the building sector.

He said the discussions also examined ways to improve housing delivery through better policies and stronger professional practice.

According to Kolade, government, professionals and the public must work together to tackle quackery in the construction industry.

He called on the Federal Government to give full legal backing to the National Building Code.

Some states have already adopted the code. However, Kolade said stronger federal action remains necessary.

He said better enforcement would help improve compliance with building standards and reduce the risk of building collapse.

NIOB Wants Prevention of Building Collapse

Kolade also raised concerns about the repeated cases of building collapse across Nigeria.

He questioned whether government action after a building collapse has stopped the problem from happening again.

The NIOB president said authorities should focus more on preventing building failures.

He also called for stricter enforcement of approved construction standards.

Building collapse remains a major concern for Nigeria’s housing sector. Such incidents can lead to deaths, property losses and higher costs for affected families and investors.

Public Urged to Hire Qualified Professionals

Kolade urged professionals in the built environment to perform their duties with care.

He also warned Nigerians against giving professional construction work to unqualified people.

He described a quack as a person who claims to handle almost every part of a building project without the required training or certification.

Such work may include preparing building designs, construction and maintenance.

Kolade advised property owners to check the qualifications of people they hire for building projects.

He said Nigerians should not sacrifice safety in an attempt to reduce construction costs.

The NIOB president encouraged property owners to engage qualified builders, architects, engineers and other relevant professionals.

Professional Standards Key to Safer Housing

Kolade said professional involvement at every stage of construction can help reduce construction risks.

Qualified professionals can help identify poor workmanship, design problems and failures to meet building regulations.

This issue is important as Nigeria works to increase housing supply.

The country needs more homes, but new housing must also meet safety and quality standards.

Poor construction practices can increase risks for homeowners, tenants, developers and investors.

NIOB Supports Renewed Hope Housing

Kolade said the NIOB remains ready to support the Federal Government’s Renewed Hope Initiative.

He specifically mentioned the Renewed Hope Housing projects across the country.

However, he called for policies that would increase the role of qualified professionals in government housing programmes.

He said professional input would help ensure that housing projects meet required standards.

Kolade also welcomed the position presented by the Secretary to the Government of the Federation, Sen. George Akume.

Akume chaired the opening ceremony of the NIOB conference.

Kolade said the NIOB would continue to work with the government and other stakeholders to improve the building industry.

He also said the institution would support efforts to promote sustainable housing delivery.

NIOB Says Quacks Have No Hiding Place

Kolade said the NIOB would intensify efforts to identify unqualified practitioners in the industry.

He urged professionals to challenge practices that put building safety at risk.

“My message for them is that they should just know that their time is over. There is no more hiding place for those quacks within the industry,” he said.

The statement reflects the institution’s growing focus on professional standards and accountability within the building sector.

Jos North Chairman Calls for Compliance

Also speaking at the event, the Chairman of Jos North Local Government, Plateau, Mr John Christopher, called for strict compliance with approved building standards.

Christopher said quality housing remains important to human life.

He urged young professionals to embrace new ideas while keeping safety and quality at the centre of their work.

He also called for stronger compliance with approved building designs and specifications.

According to him, the rising cases of building collapse make such action necessary.

Christopher further urged the Federal Government to give greater attention to housing development and affordable shelter.

Housing remains one of the basic needs of Nigerians.

The NIOB’s warning highlights a major challenge for Nigeria’s housing and construction sectors. Increasing the supply of homes must go hand in hand with strong regulation and professional practice.

Better enforcement of building standards can help protect lives, property and investment while supporting safer housing delivery across the country.

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Lagos State Deputy Governor, Obafemi Hamzat, has advised young people, particularly those at the early stages of their careers, to make housing decisions based on their income and financial capacity rather than rushing to secure independent accommodation.

Hamzat gave the advice on Thursday during a question-and-answer session on Nigeria Info FM, while responding to concerns over how a 22-year-old earning ₦100,000 monthly could afford a self-contained apartment or mini-flat costing about ₦1 million in annual rent.

The deputy governor said young Nigerians should not feel pressured to move out and rent their own accommodation immediately after getting a job if their earnings cannot comfortably support the cost.

He explained that living with parents, relatives or other family members was consistent with traditional living arrangements in Nigeria and could provide young workers with an opportunity to establish themselves financially before taking on higher housing expenses.

“Don’t let us misunderstand ourselves as a people. We are cultural people. Do you understand? So, if I start work as a young person and I’m not married, a lot of us live with our parents. A lot of us live with our cousins,” Hamzat said.

He also referenced living arrangements in countries such as Turkey, where young people may remain with family members or share accommodation while building their financial independence.

According to him, there is nothing wrong with starting with modest accommodation and upgrading as income increases.

“So, if you don’t start from the top self-contained, you don’t start from the top. You start from the average depending on,” he said.

Hamzat Sets 40% Rent Benchmark

Hamzat also advised workers against committing an excessive share of their earnings to accommodation.

He said spending more than 40 per cent of one’s income on rent was too high because workers still needed to cover food, clothing, transportation and other essential expenses.

“In fact, if you spend more than 40 per cent of your income on rent, it is too high because you must eat, you must buy clothes, you must do transportation,” the deputy governor said.

He encouraged young people to consider affordable housing options while developing a culture of saving and gradually improving their housing situation as their financial capacity grows.

Lagos Promotes Mortgage Financing

Beyond the issue of rental affordability, Hamzat said the Lagos State Government was promoting mortgage financing as an alternative route to homeownership.

He explained that purchasing a property through a single upfront payment was beyond the reach of many Nigerians, making mortgage financing necessary for expanding access to homeownership.

According to him, the Lagos State mortgage board was established to provide financing options to residents who can demonstrate their ability to repay.

“But, you know, the challenge is we cannot continue to buy houses the way we buy rice and yam. Do you understand? So, we must buy properties using a mortgage, and that’s why we have a mortgage board in Lagos,” Hamzat said.

LASRRA Identification to Support Mortgage Assessment

Hamzat also explained how the Lagos State Residents Registration Agency (LASRRA) identification system could support the mortgage process.

He said the system could help establish a resident’s identity, address and place of employment, information that could assist lenders in assessing an applicant’s ability to repay a housing loan.

“So, that’s why we said people must have LASRRA number, so we can know that, okay, you live in Lagos. This is where you live. This is your address. This is where you work. So that there is a credit bill that checks everything that says, okay, you can pay,” he said.

₦7m Property Example

Using a ₦7 million property in Bisedi as an example, Hamzat explained how mortgage financing could allow a prospective homeowner to spread the cost of the property over several years.

He said a buyer could make an initial payment of 10 per cent, equivalent to ₦700,000, and repay the outstanding balance over a 10-year period.

“So, if a flat in Bisedi, which is seven million naira, you pay 10 per cent with 700,000, and over 10 years, you are able to pay monthly,” he said.

Hamzat added that the monthly repayment would depend on the buyer’s income and ability to repay.

“Some people pay 25,000 monthly or 35,000, whatever it is, depending on your income,” he said.

According to him, mortgage financing provides residents with an alternative to paying the full purchase price at once, which many prospective homeowners may not be able to afford.

“That is the way to go because we know that a lot of people will not be able to afford to pay a one-shot deal,” he said.

Hamzat Urges Young People to Start Small

The deputy governor encouraged young Nigerians to begin with housing they can afford while developing a consistent savings culture and working towards eventual property ownership.

He said young workers should not feel that they must immediately secure expensive accommodation when they are just starting their careers.

“But the bottom line is, like I said, the culture of ability to save, so that if people see that you can save money, then I can give you a property.

“It doesn’t have to be, if you are a young person, you can start with one bedroom or even a self-contained, like you explained,” he said.

Housing Affordability Linked to Income

Hamzat acknowledged that housing affordability cannot be separated from the wider economic environment.

He stressed the need to improve residents’ earning capacity so that more Nigerians can afford decent accommodation and eventually own homes.

“What is important is we must also build our economy in such a way that people earn better, you understand, so that everybody can be uplifted, and that is the bottom line,” he said.

He added that reducing the cost of goods and services would also help residents manage their incomes and make more sustainable housing decisions.

“The cost of buying things is what we need to fix first, and then when we fix that, which is what the Federal Government is doing now, then we’ll be able to talk a lot more about other pillars that stop on top of that,” Hamzat said.

The post Lagos Deputy Governor Urges Young Workers to Consider Living With Parents Over High Rent appeared first on Housing TV Africa.