‘Nigeria needs 700,000 houses to meet the housing needs of Nigerians’

Gathering at the residence of the British High commissioner in Lagos for a networking event organized by Ecotrends Nigeria Limited in collaboration with UK trade and investment in preparation for its premier trade show, Home and Property Expo, the chief executive officer of Ecotrends, Efe Utomudo told the audience that Nigeria needs 700,000 houses annually to meet the housing needs of Nigerians.

The audience was made up of major stakeholders in the Nigerian housing industry.

Utomudo was said to have quoted a World Bank report that revealed that housing finance still represents only 0.30 per cent of Nigeria’s GDP.

The British Deputy High Commissioner, Martin Uden, in his welcome address, encouraged the guests to take advantage of the session to network and meet with potential business partners.

The Expo will be held on Friday, July 31, 2015  (9:00am) and Saturday, 1 August 2015 (6:00pm) at KFA Event Place, Km 15 Lekki Epe Expressway (between 3rd and 4th Roundabout) Opposite Nicon Estate, Lekki Lagos, Nigeria.

Utomudo said, “Ecotrends is using the expo as an opportunity to shape the housing industry in Nigeria for the future. We are looking at sustainable housing, where there is a shortage in this part of the world. He also said, “Nigerians need to start thinking sustainability when building their houses”.