WHY POLICY ALONE CANT FIX NIGERIA’S HOUSING CRISIS
Why Policy Alone Can’t Fix Nigeria’s Housing Crisis – The Real Solution Lies in Implementation
Implementation is the real challenge in addressing Nigeria’s housing crisis. While government policies are important, they alone won’t solve the problem.
Take, for example, the issue of security deposits. Landlords are legally entitled to collect a security deposit to protect their property against potential damage—this is a standard and necessary safeguard for their investment. Likewise, rent control can’t be effectively enforced through policy alone. If the government doesn’t provide funding or support for housing development, it cannot dictate rental pricing. Basic economic principles tell us that when demand outweighs supply, prices will inevitably rise.
In an environment like ours where regulation is minimal, the government’s most impactful role would be to incentivize developers to build affordable homes. This includes:
• Offering single-digit interest loans to builders,
• Strengthening Public-Private Partnerships (PPPs), and
• Investing in critical housing infrastructure.
On the issue of fraudulent housing agents exploiting vulnerable tenants—their days are numbered.
We’re building a smart, digital solution with the @MyHousmataApp. This platform will connect prospective tenants directly with verified landlords under a secure legal framework. Rental agreements and payments will be completed seamlessly online, eliminating fraud and delays.
Additionally, a dedicated portal for artisans and repair professionals will enable real-time reporting and resolution of property maintenance issues—ensuring transparency and accountability across the board.
Everyone—tenants, landlords, service providers—will interact within one trusted ecosystem.
This initiative is being driven by Property MAX Results GROUP, in partnership with Merk365 Swift Legal Chambers, and Guaranty Trust.
We are currently 90% ready to launch and revolutionize the rental market in Nigeria by making housing safer, more accessible, and truly affordable
#propertymaxgroup #housmata #renting