A recent survey showed that from the total adult population of 87.9 million, the income level has only 3.6 million Nigerian adults earning above N70, 000 per month. The income earning level for the country does not support affordability of high cost housing. In Nigeria, supply of housing is mainly targeted at the high income earners, and selling price which are termed ‘low’ are still unaffordable to the lower income bracket. House costs at the minimal can be estimated at N5,000,000, and this is in only a few locations in the country. Therefore, the high demand will remain if indices, statistics and features in the industry remain unchanged.
HOME OWNERSHIP STATUS:
quantitative Methodological Approach
The goal of the survey among other things is to provide the most comprehensive and up-to-date source of information on the demand for affordable housing and related affordable housing finance services in Lagos state. The survey was designed to cover the statutory recognized twenty (20) LGAs plus the thirty-seven (37) LCDAs and to provide a true representation of the housing demand situation in the State.
This section also covers important survey-related issues including sample design, questionnaire design, training of enumerators and supervisors, pre-testing of questionnaires, fieldwork and data processing. The methodological framework that guides the implementation of the quantitative component of Lagos Housing Demand Survey conducted by PISON/CMD is as follows;
Target Population and Coverage
The target population in this study is persons who reside in households within Lagos State that are economically active, aged 15-65 years. The primary unit of analysis is therefore the individuals within households. Based on 2013 Lagos state projected population estimates, the state had a population of 21.8 million out of a national estimate of 167 million. Out of the total population of Lagos, the projected population of 15-65 years in Lagos State is estimated at 14.3 million people constituting the universe of our study. The geographical boundary of the study area included the residential units within the Lagos state recognized 57 LCDAs embedded in the statutory 20 Local Government Areas.
Get Full Document Click Here