Expert Advocates Building 700,000 Homes Annually to Address Nigeria's Housing Deficit

Real estate expert Hon Saheed Mosadoluwa advocates for the construction of 700,000 homes annually in Nigeria to bridge the 28 million housing deficit. Mosadoluwa highlighted challenges such as high interest rates, building costs, and limited mortgage access.

Harmony Gardens Estate Development launched the Home Ownership Made Easy (HOME) scheme to address these issues, offering simplified mortgage structures for affordable homeownership. The scheme aims to provide hope and a blueprint for inclusive and sustainable housing solutions.

The Lekki Aviation Town project, with 500 housing units completed by July 2025, showcases the potential impact of such initiatives in tackling Nigeria's housing crisis.