This startup is solving Lagos’ housing crisis by building apartments, but not spending a kobo
- Nigeria's housing deficit is estimated at over 28 million units, increasing by 900,000 units annually.
- More than 60% of Lagos' population lives in overcrowded and substandard rented accommodations.
- Property prices and rents in Lagos have surged by over 30%, with residents feeling increases closer to 100%.
The housing crisis in Lagos is a complex issue that requires innovative solutions like those proposed by Citiliving. While the startup's approach of building homes directly addresses supply shortages, it remains to be seen whether this model can scale effectively in the face of bureaucratic and financial challenges. A collaborative effort among various stakeholders, including government and private sectors, is essential for sustainable progress.
