Nigeria needs 700,000 housing units annually to meet MDG – Board

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Abuja – The Quantity Surveyors Registration Board of Nigeria said on Thursday that Nigeria needed 700,000 housing units annually to meet the Millennium Development Goals (MDGs). This is contained in a communique signed by the President and Registrar of the board, Messrs Husaini Dikko and Mr Godson Moneke respectively, at the end of the 4th Annual Building and Construction Economic Round-Table (BCERT 4).

The communiqué indicated that the current annual housing production which stands at 100,000, was grossly inadequate. It put the current housing deficit in Nigeria at 17 million units adding that about N56 trillion was required to finance it.