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Why Lagos State’s Housing Deficit Persists Despite Ongoing Construction Boom

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By Dennis Isong

A housing deficit refers to a situation where there is an insufficient supply of housing units to accommodate the population’s housing needs.

This shortage of housing can result in issues such as overcrowding, homelessness, rising property prices, and limited access to affordable and suitable housing for individuals and families.

The term is often used in discussions about urban planning, real estate, and housing policy to highlight the gap between housing demand and supply in a given area.

Lagos State, Nigeria’s economic and cultural powerhouse, has witnessed a surge in construction activity over the past decade. Skyscrapers and residential buildings have sprung up across the city, seemingly indicating progress and development.

However, beneath this facade of growth lies a persistent issue: the growing housing deficit. Despite the construction boom, Lagos State continues to grapple with an increasing shortage of affordable housing.

In this article, we will explore five key reasons why this housing deficit persists amid the ongoing construction activity.

1. Rapid Urbanization and Population Growth

One of the primary drivers of the housing deficit in Lagos State is the rapid urbanization and population growth. Lagos has become a magnet for people seeking economic opportunities, leading to an influx of migrants from other regions and countries.

This constant population surge far outpaces the rate at which new housing units are being built, exacerbating the gap between supply and demand.

2. High Construction Costs

While construction activity is booming in Lagos, the high cost of building materials and labor has a cascading effect on housing affordability.

Builders face escalating expenses, which are often transferred to potential homeowners through higher property prices.
As a result, many Lagosians find themselves priced out of the market, perpetuating the housing deficit.

Lagos has become a magnet for people seeking economic opportunities, leading to an influx of migrants from other regions and countries.

3. Insufficient Infrastructure Development

The rapid construction of buildings in Lagos has not been matched by an equivalent investment in infrastructure development.

Essential amenities like roads, water supply, sewage systems, and public transportation are struggling to keep up with the expanding city.

This lack of infrastructure diminishes the appeal of newly constructed areas, hindering their potential for affordable housing.

4. Land Ownership and Land Use Regulations

Lagos State’s complex land ownership and land use regulations further compound the housing deficit. Disputes over land ownership and inefficient land allocation processes can delay construction projects and deter potential investors. Moreover, unclear land tenure systems can discourage individuals from investing in real estate, leaving large swaths of land underutilized.

5. Limited Access to Financing

Access to affordable financing options remains a significant barrier to homeownership in Lagos State. High-interest rates on mortgage loans and a lack of financial instruments designed to support affordable housing contribute to the housing deficit. Many individuals and families simply cannot secure the necessary funding to purchase a home, even when properties are available on the market.

▪︎Dennis Isong is a TOP REALTOR IN LAGOS.
He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call +2348164741041

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Soludo Visit President Tinubu, Says ” I’ve been his friend for 22 years”

During the visit today, Soludo for the umpteenth time, declared his support for President Bola Tinubu second term, noting that they have maintained a friendship for over 22 years.

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President Bola Ahmed Tinubu Receives Anambra State Governor, Prof Charles Chukuma Soludo,at Presidential Villa Abuja

During the visit today, Soludo for the umpteenth time, declared his support for President Bola Tinubu second term, noting that they have maintained a friendship for over 22 years.

Governor Soludo who wore a white cap emblazoned with Tinubu’s insignia and the inscription “Progressives are working together,” stressed the importance of remaining focused in their shared objectives.

He described President Tinubu as being in high spirits, healthy, and hale, adding, “It was such a pleasure to meet with him; it was a very pleasant meeting.”

Governor Soludo also emphasized that all political parties committed to progressivism are collaborating, and praised President Tinubu’s bold initiatives, particularly his reforms in the economy and structural sectors.

When asked why he boldly endorsed Tinubu despite not belonging to the All Progressives Congress, APC, the President’s party, and being the leader of the All Progressives Grand Alliance, APGA, he replied:

“The caps were produced when President Tinubu visited Anambra State, and you saw the billboards proclaiming that progressives are working together. This is a fundamental belief I hold—that all political parties that profess progressivism should unite in a massive coalition to strengthen our democracy and advance the country’s economic and social development,” Soludo.

For me, saying ‘progressives working together’ is a call to those who share these ideals. Regarding President Bola Ahmed Tinubu, I have no apologies for my support.

He has been my friend for 22 years and counting—you don’t deny your friend. I fully support him and am impressed by the bold economic and structural reforms he has implemented. We are on the right path, and we need to stay the course.”

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News

Akinfeleye Now on Obafemi Awolowo University’s Governing Council

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President Bola Tinubu has appointed Prof Ralph Akinfeleye, a renowned communications specialist, to the Governing Council of Obafemi Awolowo University, Ile-Ife, Osun State.

Akinfeleye is the former Head of the Department of Mass Communication at the University of Lagos and the Chairman of the Centre of Excellence in Multimedia and Cinematography/Unilag Radio 103.1 FM and Television.

Formerly a member of the Governing Council of Yakubu Gowon University of Abuja, Akinfeleye replaces Mr. Wahab Owokoniran, who was appointed Pro-Chancellor and Chairman, Federal University of Transport, Daura, Katsina State.

Meanwhile, President Tinubu also appointed Prof. Hon. Chisom D. Obih to the Governing Council of Alex Ekwueme Federal University, Ndufu-Alike, Ebonyi State. Obih’s appointment follows the death of a member of the council.

Tinubu also named Prof. Ibrahim Adamu Yakasai as the Vice Chancellor of the Federal University of Health Sciences and Technology, Tsafe, Zamfara State.

The President appointed Mr. Hamisu Yusuf Yelwa as the university’s registrar, Usman Nakazalle Sanusi as the Bursar, and Dr. Shehu Aminu Liman as the Librarian.

A retired Colonel from the Nigerian Army, Prof. Yakasai, is the Provost of the College of Health Sciences at Bayero University in Kano.

He is also the chairman of the Committee of Provosts of Colleges of Medicine in Nigeria and a governing council member at the Federal University of Health Sciences, Otukpo, Benue State. He obtained an MBBS at Ahmadu Bello University, Zaria.

He later won a scholarship from the European Economic Commission to do his postgraduate studies in the United Kingdom, where he obtained a membership to the Royal College of Obstetricians and Gynaecologists and a fellowship at the same prestigious college.

Prof. Yakasai obtained a Master’s in Medical Education at the University of Winchester and subsequently went to the USA to pursue the Fellowship of the International College of Surgeons, FICS (USA), and the Fellowship of the American College of Surgeons.

He also served as the Director-General of the Hospitals Management Board, Kano State.

Bayo Onanuga, Special Adviser to the President(Information & Strategy)August 12, 2025

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Crime

16 Inmates Escape in Keffi Prison Break

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Sixteen inmates escaped from the Medium Security Custodial Centre in Keffi, Nasarawa State, in the early hours of Tuesday, August 12, 2025, after breaching the facility’s security and overpowering prison staff.

According to a statement by the Nigerian Correctional Service (NCoS) spokesperson, Umar Abubakar, the inmates launched a coordinated attack on duty personnel, leading to the breakout. Five officers were injured in the process, with two currently in serious condition and receiving treatment at a government hospital.

Abubakar confirmed that seven of the escaped inmates have already been recaptured, while a manhunt is underway to track down the remaining nine.

“The Nigerian Correctional Service wishes to inform the general public of an incident… where some inmates breached the security of the facility and attacked personnel on duty, enabling 16 inmates to escape custody,” the statement read in part.

Following the incident, the Controller General of Corrections, Sylvester Nwakuche, visited the Keffi facility and ordered a thorough investigation. He warned that any staff found complicit in the escape would face disciplinary action.

Nwakuche also directed immediate efforts to recapture the fleeing inmates, in collaboration with other security agencies.

The public has been urged to remain calm and vigilant and to report any suspicious movements or sightings of the escapees to the nearest security post.

The NCoS reassured citizens of its continued commitment to public safety and the integrity of custodial facilities across the country.

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