The housing market in Nigeria has the potential to generate a higher level of economic value
and be a source of job growth at all skill levels, with the largest immediate benefit to unskilled
labor.To unleash the housing market, the enabling environment needs to be less costly and opaque,
the financial markets need to provide more long-term lending, and the construction sector
needs to be more efficient in building more standardized, lower-priced homes. In addition to addressing
access to long-term housing finance, the Government should support more innovative approaches,
such as housing microfinance products. Some of these are being piloted by Nigeria’s leading microfinance
innovators, who are seeking to expand their product offerings for different market segments.
