Nigeria needs 21 trillion naira to bridge the housing gap nationwide.
Vice President Kashim Shettima, made the assertion at the ground-breaking of the construction of a 500-unit housing estate by Governor Ahmed Aliyu of Sokoto state.
He pointed out that the step taken by the Governor is highly commendable and worthy of emulation by other state governments.
In his remarks, Aliyu said the 500-unit housing estate would be for civil servants based on an owner-occupier basis and will cost the state government 7.3 billion naira to complete.
Some experts have stated that by the annual average rate of 7.47 trillion naira credit to the real estate sector, it will take an estimated three years to provide 28 million housing units for the population.
According to the Worldometer estimates, Nigerian population has been growing by 3.2 per cent annually, based on a 2006 population census, which grew the population from 140 million in 2006 to an estimated 224,847,127.
