The Real Sector Dimension: Constraints on Encouraging the Private Sector

Abstract

This chapter shows how the new National Housing Policy (NHP) adopted in Nigeria in 1992 can be considered within the framework of analysis presented in the first section of this book. In particular, it evaluates the new proposal for the private sector and shows how this proposal attempts to link the housing and financial markets. The language of the new policy approach promotes the private sector as the chief means to address the severe shortages and costs of shelter in Nigeria. However, it appears that many of the key measures advocated could be counterproductive to both private-sector development and the Structural Adjustment Program (SAP). Through a review of the strategies and programs that other countries have used to rejuvenate their shelter sector, this chapter provides information on how the NHP might be revised to better exploit the private sector, operate more efficiently and sustainably, and contribute to, rather than impede, the Structural Adjustment Program.