ThisDay· 1h ago· 1 min read
Wale Odutola
Nigeria needs approximately 20 million additional homes. Most discussions focus on how quickly those homes can be built. That is an incomplete question. The more important question is what building those homes can do for the Nigerian economy.
Countries that became economic powers did not treat housing merely as shelter. They used housing as an engine of industrialisation, job creation and wealth creation. Nigeria has an opportunity to do the same by using housing policy to deliver Decent Housing, Thriving Industries and Lasting Wealth.
The recent publication regarding a proposed Chinese intervention in Nigeria’s housing sector provides the immediate context for this opinion. It is important to state from the outset that there should be no objection to Chinese participation, or indeed to any credible foreign investor bringing capital, expertise and technology into…
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