EFFECT OF HOUSING DEFICIT ON NATIONAL DEVELOPMENT: THE NIGERIAN PERSPECTIVE
Keywords:
Mass, housing deficit, national development, citizenAbstract
Housing is one of the paramount indices of measuring standard of living of the citizens and the growth of a state. Housing ranks first among the three basic human needs; hence, it is crucial to the welfare of every human. It is in the light of above that this study employed secondary data such as articles, textbooks, internet resource, government documents etcetera to explore the effects of Housing Deficit on National Development. The study reveals that the rate of housing deficit is alarming. This is as a result of cumbersome process of acquiring lands, high costs of providing infrastructure and inadequate access to loan facilities vis-à-vis gaps in the relevant legislation that empowers estate developers cum lack of accountability and regulation in the dealings between estate developers and home buyers has caused untold hardship to many Nigerians. The paper recommends that the various tiers of government should formulate and implement people-oriented policies for the construction of affordable mass housing units annually for the citizens to enhance national development.
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