The disruptive impact of COVID-19 is broad, extensive and pervades the entire economic value-chain in Nigeria. This was worsened in the first quarter of 2020 by the crash in oil prices to its lowest levels in decades. The combination of the reduced forex earnings through the oil sector, pressure to service external debt and the continued pandemic environment has contributed to the challenge of housing in Nigeria. Nigeria is undergoing rapid urbanisation at a rate of 4.2 percent, with an overall population growth rate of 2.6 percent. It is anticipated that 75 percent of the population is expected to live in urban areas by 2050. The World Bank states that: “Estimates of output in the formal housing sector range from no more than 100 000 per year to an optimistic 200 000 per year, which covers only a fraction of the at least 700 000 units required per year to keep up with growing population and urban migration.