NIGERIA STATE OF THE HOUSING INDUSTRY PRESENTATION IHA Secretariat

2 COUNTRY:NIGERIA NAME OF ORGANIZATION: HOUSING DEVELOPERS COOPERATIVE SOCIETY LIMITED 1- ORGANIZATION OVERVIEW: Housing Developers cooperative Society (HDCS) was registered on the 9 th day of the month of March, 2015 as the First and the only National Housing cooperative Society in Nigeria. HDCS is positioned to be a leader for Quality and Standardized Housing development in the real estate construction industry in Nigeria.  HDCS Ltd is a Consortium of Some very dynamic and Innovative Major Players in the Real Estate Sector in Nigeria.  Our Vision and focused Business Plan is to deliver at least one (1) Million affordable Houses in Nigeria. STATE OF THE HOUSING INDUSTRY PRESENTATION TEMPLATE…. CONT.

3 2- HOUSING ECONOMIC STATISTICS: STATE OF THE HOUSING INDUSTRY PRESENTATION TEMPLATE…. CONT. Starts:Percentages:Numbers: - Single Family 70% - Multifamily 10% Gross Domestic Product (GDP) billion USD ‎ GDP Growth 2.8% / annum GDP Per Capita 2,758 billion USD House Price Index 0.49% Consumer Price Index 182 Index Points Unemployment 9.9 % Home Mortgage Interest Rate 20% Home Ownership Rate 20% Population Growth/Net 2.8% / annum

4 3- HOW HAVE ECONOMIC AND/OR POLITICAL CONDITIONS CHANGED SINCE THE BEGINNING OF 2015? Since 2015, there has been a global fall in Oil price, which is well reflected on the Nigerian Economy since the Economy is mainly Oil Based. There has also been a recent change in Government after the conclusion of the last General elections in Nigeria which has led to some changes in government implemented policies as well. 4- HOW HAVE THESE AND RELATED INSTANCES OF INTERNATIONAL FINANCIAL MARKET TURBULENCE, INCLUDING THE SLUMP IN COMMODITY PRICES, PARTICULARLY OIL, IMPACTED YOUR HOUSING MARKET? Our Economy is Mono, Oil being the major source of revenue. With the fall in the price of oil globally in the international market and the recent change of government, the housing market as well has dropped by 80% since 2015 STATE OF THE HOUSING INDUSTRY PRESENTATION TEMPLATE…. CONT.

5 5- IF THE ECONOMIC AND POLITICAL DYNAMICS DESCRIBED ABOVE HAVE IMPACTED YOUR MARKET, DO YOU EXPECT THESE CONDITIONS TO NORMALIZE BY YEAR END? Yes__________No__  6- IF YOUR MARKET HAS BEEN IMMUNE TO THESE DYNAMICS TO DATE, DO YOU EXPECT TO SEE AN IMPACT ON YOUR HOUSING MARKET BEFORE THE YEAR IS OVER? Yes___________No___* STATE OF THE HOUSING INDUSTRY PRESENTATION TEMPLATE…. CONT.

THANK YOU. IHA Secretariat