Nigeria’s drive to close its huge housing deficit will remain incomplete unless insurance becomes a core pillar of housing development, according to Heirs General Insurance, which says protecting homes is just as important as building them.
The insurer warned that uninsured properties expose homeowners, lenders and the broader economy to avoidable financial losses, undermining efforts to deliver sustainable and affordable housing.
Speaking at the 20th Africa International Housing Show 2026, Wole Fayemi, managing director/CEO, Heirs General Insurance, urged policymakers, developers, financiers and regulators to integrate insurance into every stage of housing delivery, arguing that risk protection is essential to safeguarding investments and strengthening confidence in Nigeria’s real estate market.
He said a housing strategy focused solely on increasing supply fails to address the long-term resilience of the country’s housing stock.
“A housing policy that focuses solely on construction is incomplete. The true measure of success is not only the number
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