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Two out of three people in Lagos ‘live in slums’

Two out of three people in Lagos ‘live in slums’
June 22
15:01 2017
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Researchers at African Property Investment (API), a real estate development company, on Thursday said two in every three persons in Lagos live in slums.

According to a statement by the organisation,  researchers predicted that by 2030, Lagos would become the largest mega city on the African continent, with at least 30 million people inhabiting the state.

The researchers also said that at the same period, Lagos, Cairo and Kinshasa would each have a population of 20 million.

The API noted that with rapid population growth in African cities, urban planning had proven to be ineffective with private development often deterred by “opaque or inappropriate regulations”.

The organisation added that African cities had, until recently, failed to keep pace with the concentration of people.

“When it comes to investments in infrastructure, industrial and commercial structures, and affordable formal housing, African cities have, until now, failed to keep pace with the concentration of people,” the statement read.

“In Dar es Salaam, 28 percent of residents live at least three to a room; in Abidjan, that number rises to 50 percent.

“In Lagos, Nigeria, two out of three people dwell in slums.”

The API said World Bank’s African Cities report found that in several cities, built-up areas were scattered throughout the centre, with more than 30 percent of land within five kilometres of the city centres still left undeveloped.

The organisation noted that the rapid growth of Africa’s urban populations would place a new demand for infrastructure, housing and other physical structures, and amenities in the next 20 years.

It said to meet the new demand, city leaders and planners needed adaptable strategies.

The group said it had commenced plans for a summit where experts, Africa’s real estate and built environment developers and investors would debate and craft a vision of what an African city should look like.

“The API Summit and Expo 2017 Future Cities Africa sub-conference will look at how African governments and institutions can help formalise land markets, clarify property rights, and better leverage off land values to finance Africa’s urban development.’’

Kfir Rusin, managing director for API events, said the continent could not move forward without proper discussions on the planning, infrastructure and urban development requirements of African cities.

Rusin explained that such discussion and information sharing would enable African cities thrive and grow.

“The Future Cities Africa sub-conference will take an in depth look into how African Cities can better open its doors to the world, while creating more economically dense and inclusive urban areas,” Rusin said.

The Africa Property Investment Summit and Expo would hold in South Africa from  August 24 to 25.

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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