The Real Estate Developers Association of Nigeria (REDAN) has come up with new estimates for how much it would take to solve the nations' housing deficit.

READ: Readers say the government has failed to provide enough houses for Nigerians

He also said Nigeria needs between 250,000 and 300,000 houses.

Ogunbodede was quick to remind developers to focus on quality not quantity.

“We haven’t done more than 300,000 yearly and this is insignificant compared to the 17 million housing deficit that we have to tackle as a country.

In spite of the deficit, attention must be on quality and not just quantity,” he said.