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.
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News
South African kills Nigerian bar worker
Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.
• South African police
The Nigerian Union in South Africa (NUSA) says Olatunde Olaleye, a 40-year-old father of two, has been shot dead in the country.
According to NAN, NUSA said Olaleye, an indigene of Ikere-Ekiti, was killed on September 21 while working at Spanata Bar and Grills in Mamelodi, Pretoria.
Smart Nwobi, NUSA president-general, in a statement on Thursday, said Olaleye was a husband and father of two children, adding that his death has left his family devastated.
He said the union is concerned by reports that Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.
According to him, there were also reports that the suspect returned to the premises to threaten the bar’s management, with a promise that members of his crew would return.
Nwobi called for a thorough, transparent and impartial investigation into the circumstances surrounding the incident.
“We cannot continue to lose Nigerians under circumstances that leave families devastated and communities traumatised,” he said.
News
Nigerian Editors Brace for Democracy Protection Ahead of 2027 Elections
“As editors, we must remain above board in an increasingly polarised environment. We must not become agents of disorder. Neither should we display contradictory tendencies that cause the citizenry to question our credibility,” Anaba said.
Enugu|•L-R Prof Pat Utomi; Prof Chinyere Okunna and Eze Anaba President Nigerian Guild of Editors at the 22nd All Nigerian Editors Conference in Enugu. Photo. Nwankpa Chijioke
Nigerian editors have been urged to protect the credibility of the ballot and help safeguard democracy as the country prepares for the 2027 general elections.
The call was made by Eze Anaba, President of the Nigerian Guild of Editors (NGE) and Editor of Vanguard Newspaper, in his welcome address at the 22nd Annual All Nigerian Editors Conference, which opened today in Enugu.
The conference is themed, “The Ballot, the Media and the Task of Keeping Democracy Alive.”
Anaba said the media, alongside other critical institutions, had a responsibility to nurture democracy by ensuring that voters were adequately informed and that electoral outcomes reflected the choices of the people.
According to him, the ballot can only fulfil its democratic purpose when voters have access to credible information and are able to make their choices freely, without intimidation or undue influence.
He urged editors and journalists to uphold verification, independence, accuracy, fairness, accountability and courage, particularly in an era of social media, artificial intelligence, deepfakes and the rapid spread of misinformation.
“As editors, we must remain above board in an increasingly polarised environment. We must not become agents of disorder. Neither should we display contradictory tendencies that cause the citizenry to question our credibility,” Anaba said.
He stressed that the media’s overarching responsibility was to serve the public good and help ensure that government derived its legitimacy from the consent of the people.
News
Works Minister Orders Tinubu’s Pictures On First Niger Bridge
“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”
Minister of Works, David Umahi, has ordered the removal of illegal advertisements from the rehabilitated First Niger Bridge and their replacement with pictures of President Bola Tinubu, saying the display would recognise the President’s work on infrastructure.
Umahi gave the directive during an inspection of ongoing rehabilitation works on the bridge linking Anambra and Delta states.
He said the bridge was expected to reopen to motorists next week, subject to the completion of critical structural work.
“Once we are done with work on this bridge, I want all the illegal adverts on this bridge removed. Anyone who wants to advertise should apply to the Ministry of Works. For now, the bridge will be decorated with the pictures of President Tinubu,” Umahi said.
“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”
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