Lack of adequate data on housing has been identified as the country’s major obstacle to provision of housing for all, the Housing Development Advocacy Network (HDAN) has said.
The group also called for the establishment of Housing Affordability Index. The index measures, whether or not, an average family earns enough income to qualify for a 30-year fixed mortgage loan on a typical single-family home without spending more than 25 per cent of the income on payment for principal and interest.
HDAN in its position paper on “Affordable Housing in Nigeria,” said there is the need to have information on the numbers of low- income earners under-housed and the locations among other things.
“To ensure affordable housing in Nigeria requires data. How many low income earners are under-housed? In which parts of the country are they? What are their housing needs? How much can they afford as housing payment?,” according to the HDAN President, Mr. Festus Adebayo.