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Nigeria's housing shortage worsening

The real estate market is hobbled by a dearth of home loans, high interest rates, poverty and the African continent's second most expensive property prices

Published Mon, Feb 10, 2014 · 10:00 PM
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[LAGOS] ESTHER Macully used all of her 1.5-metre frame to face down a bulldozer and save her freezer from being destroyed as a wrecking crew guarded by armed security forces razed her home in Nigeria's Badia East slum.

While she salvaged the cooler, the 40-year-old is still waiting for the Lagos state government to fulfil a pledge to help replace the home she used as a store to sell beverages and food. The wooden shack was flattened last February along with the dwellings of thousands of others that authorities said were moved for a housing project that's yet to get off the ground.

"We can't be living in this kind of condition forever," Ms Macully said as…

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