News
Macroeconomy
CONSTRUCTION/REAL ESTATE
INDUSTRIAL GOODS
Housing crisis: Declare emergency on building costs, not rent — Wamakko
Vanguard
Jul 31, 2026 · 03:43 WAT
Former Real Estate Developers Association of Nigeria president Aliyu Wamakko has called on the Federal Government to declare a state of emergency regarding rising building costs. He noted that escalating construction expenses rather than landlord pricing are the primary drivers of the ongoing housing affordability crisis.