Nigeria’s 70 per cent reliance on imported building materials is leaving the housing market dangerously exposed to crippling supply and currency shocks, the State of Lagos Housing Market Report (Volume 3) has warned.
According to the report, Nigeria’s abundant raw materials still fall short of reducing reliance on imports due to limited local processing capacity.
It stated, “A staggering 70 per cent reliance on imported building…
Read the full article here
