Careers
Join our team
See available positions below:
Market Gap
Nigeria’s population is forecast to grow at 2.6% per annum. As the population growth rate increases, house prices appreciates, which puts a strain on housing demand and the need for affordable housing. Thus, widening the supply gap, as new supply is needed to house the growth of the population. The share of urban population as a percentage of the total population in Nigeria is 50.34%.
2.6%
Nigeria’s Population Growth Forecast
50%
Urban population as a share of the total population
20m
Housing Unit deficit
Market Opportunity
5.9
Trillion
Estimated size of Housing market
According to a PwC Report, Nigeria’s housing market is estimated to worth about NGN5.9 trillion and is projected to grow by 22% to reach N7.2 trillion by 2024. Nigeria has over 41 million households with 75% of them still depending on rented apartments for housing. Nigeria would need to provide about 4.9 million standard housing units yearly to address the housing deficit and housing needs over the next 10 years
STRATEGIC APPROACH
Through strategic collaboration, Housing Solution Fund aims to innovatively redefine the process through which affordable housing is accessible to the homebuyer by leveraging existing institutional capacity to create a new value network and redefine the cost structure, making it simpler, more affordable and more convenient for people to access a home
