City authorities in Nigeria are being challenged by high urban population growth as well as rapid physical expansion of settlements. Urban population in the country is currently growing at about 5.5% per annum, one of the highest growth rates in the world. Unfortunately, this rapid growth is accommodated in the cities without formal planning and provision of basic urban infrastructure and services.

Nigeria also has a housing deficit of about 16 million housing units and a housing finance gap of over N30 trillion. UDBN PLC recognizes these challenges. We are well-positioned to help interested states, local governments, real estate developers as well as the private sector with appropriate financing options (include equity) as well as financial advisory services for a variety of projects: land development, housing finance, sites and services scheme as well as urban renewal and slum upgrading.

UDBN PLC has a well-tailored product, the Planned Urban Expansion scheme, where we work with city authorities to increase the supply of land for housing through the provision of comprehensive residential infrastructure such as roads, drainage, water supply, electricity, waste management and so on.