News
Why Lagos State’s Housing Deficit Persists Despite Ongoing Construction Boom
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
News
NESREA Probes Mysterious Cloud-Like Substance on Kaduna-Abuja Expressway (Images)
Nigeria’s National Environmental Standards and Regulations Enforcement Agency (NESREA) has commenced an urgent investigation into a strange white, foamy, cloud-like substance that appeared along the busy Kaduna-Abuja Expressway.

The unusual substance drew crowds and sparked widespread online speculation, with some initially mistaking it for “fallen clouds.” NESREA has warned residents and motorists to avoid the area, describing it as a suspected chemical spill possibly linked to a truck accident.
Agency officials from the Kaduna State Field Office visited the site, collected samples of the foam, soil, and nearby water for laboratory analysis to determine its composition and potential environmental or health risks.

Further updates are expected as tests continue. Motorists are advised to exercise caution on the expressway.
News
President Trump Writes President Tinubu, Lauding His Decisive Leadership Against Terrorists
“It is a true honour to stand with you in the fight against these terrorists and to make the Federal Republic of Nigeria stronger and more prosperous.”
US President Donald Trump has lauded President Bola Ahmed Tinubu for his decisive leadership against terrorism.
In a letter to President Tinubu, President Trump applauded Tinubu’s resolve “to tackle the issues plaguing Nigeria, especially the violence affecting Christian communities.”
According to Trump: “It is a true honour to stand with you in the fight against these terrorists and to make the Federal Republic of Nigeria stronger and more prosperous.”
The US-Nigeria relationship flourished in recent times, with the two sides working closely in key areas, especially in tackling security challenges afflicting parts of Nigeria.
In November last year, President Trump and President Tinubu agreed to establish a Joint Working Group co-headed by the National Security Advisers of Nigeria and the United States.
Through the work of the working group, the two sides agreed on several steps, including training, intelligence sharing, and joint operations to roll back terrorist activities.
A highlight of the collaboration was the May 16 coordinated attack on ISIS hideouts in the Lake Chad area, which led to the killing of the group’s top leader, Abubakar Al-Minoki, and many of his lieutenants.
Last week, the US Assistant Secretary of State for Africa, Frank Garcia, visited Abuja, where he held meetings with senior government officials and pledged to strengthen the cooperation between Abuja and Washington DC in security and other areas of collaboration.
Full text of the letter dated July 6, 2026: Dear Mr President, “Thank you for your thoughtful letter. Your kind words mean a great deal to me, and I appreciate your decisive leadership on behalf of the Nigerian people.
I applaud your resolve to tackle the issues plaguing your nation, especially the violence affecting Christian communities and it is a true honor to stand with you in the fight against terrorists and to make the Federal Republic of Nigeria stronger and more prosperous.
“The United States-Nigeria relationship is crucial at a time where conflict has spread across West Africa and around the world. We both share a mutual goal of confronting terrorism in all its forms, and our historic US-Nigeria 2026 Defence Cooperation Roadmap has established a robust framework to accomplish this feat.
“I am proud to have deployed the United States Special Operations Forces—among the most elite military units anywhere in the world—to equip the brave men and women in the Armed Forces of Nigeria with the skills, tools and intelligence they need to protect your homeland and ensure the safety and security of citizens, particularly those of faith who have been under attack. I look forward to our continued discussions over the course of my Presidency.
” Sincerely, Donald J. Trump, President of the United States of America.
News
Excitement as Tinubu approves new army battalion for Kwara
The battalion will be located in Omu Aran, headquarters of Irepodun Local Government Area, and is expected to boost troop deployment and military operations, particularly in areas affected by kidnappings and bandit attacks.
Kwara State Governor AbdulRahman AbdulRazaq, disclosed that President Bola Ahmed Tinubu has approved the establishment of a new Army battalion in the State to strengthen security and tackle banditry, kidnapping and other violent crimes.
In a statement issued on Tuesday by his Deputy Chief Press Secretary, Mashood Agboola, Governor AbdulRazaq, said that the battalion will be located in Omu Aran, headquarters of Irepodun Local Government Area, and is expected to boost troop deployment and military operations, particularly in areas affected by kidnappings and bandit attacks.
He described the approval as another demonstration of the Federal Government’s commitment to addressing security challenges in the state.
The governor thanked President Tinubu for approving the new military formation, saying it would strengthen ongoing counterterrorism and anti-kidnapping operations.
“We are confident the new battalion will greatly strengthen counterterrorism and anti-kidnapping operations,” he said.
AbdulRazaq also commended the Chief of Army Staff, Lt.-Gen. Waidi Shaibu, for the swift processing of the request, and appreciated the Office of the National Security Adviser and other security agencies for their efforts to combat violent crime.
-
News2 days agoBIJAMIC College Charges Class of 2026 Graduates to Embrace Resilience, Learn from Thomas Edison
-
Sports3 days agoBallon d’Or 2026 ranking: Yamal emerges favourite after Spain’s World Cup triumph
-
News3 days agoAbbas inaugurating today committee to investigate illegal PFIPC agency
-
Sports3 days agoFIFA To Review Hydration Breaks After World Cup Final – Wenger
-
Sports3 days agoFIFA Crowns Spain 2026 World Cup Winner After Beating Argentina 1-0
-
International2 days agoBurnham becomes PM, vows 10-year plan to stabilise UK
-
News3 days agoSenegal President, Faye elected new ECOWAS chairman
-
Sports3 days agoBurna Boy shines in first-ever World Cup Halftime Show
