PHOENIX: According to the estimates of stakeholders in the real estate financing sector, more than 50% of Nigerians need social housing. Stakeholders state that about 85% of Nigerians still live in rented apartments and pay more than 40% of their annual income as rents.
The not-for-profit is advising a stakeholder understood to be FSDH Merchant Bank Limited Managing Director, Rilwan Belo-Osagie, who said that with the rising population of the country, there should be better policies to propel the housing sector…