TITLE:
Nigerian Urbanization and the Significance of Affordable Housing
AUTHORS:
Ishola Adedeji
KEYWORDS:
Housing Needs, Urbanization, Affordable Housing, Housing Policy, Nigeria
JOURNAL NAME:
Journal of Service Science and Management,
Vol.16 No.3,
June
29,
2023
ABSTRACT: This article explores the significance of affordable housing in the
context of Nigerian urbanization. With rapid urbanization taking place in
Nigeria, the demand for housing has escalated, particularly among low- and middle-in-come
families. However, the current supply of housing falls short of meeting this
demand, leading to various challenges such as housing shortages, slum
proliferation, and inadequate infrastructure. In this context, affordable
housing plays a crucial role in addressing these challenges and promoting
sustainable urban development. This article highlights the importance of
affordable housing by discussing its benefits for individuals and communities,
including improved quality of life, social cohesion, and economic
opportunities. It also examines the obstacles hindering the provision of
affordable housing, such as land availability, funding constraints, and
regulatory frameworks. The article explores existing policies, interventions,
and successful initiatives in Nigeria aimed at promoting affordable housing, as
well as the role of the government, private sector, and civil society in
addressing these challenges. By emphasizing the need for comprehensive and
sustainable approaches, the article concludes with recommendations to improve
and expand affordable housing initiatives in Nigerian cities, ultimately
contributing to inclusive growth and enhanced urban development.