Urbanization is an ongoing trend in developed and developing countries. With particular reference to Nigeria, studies have shown that many urban centers have been experiencing rapid and continuous growth over the years, as people tend to migrate from rural areas to urban centers in order to better their living conditions. The authors agree that the policy can bring about an effective provision of affordable housing, thereby meeting the needs of housing and helping to solve most of the problems of urbanization in Nigeria. It is recommended that each element of an effective housing policy, as entrenched in the National Housing Policy 2012, should be critically explored towards the delivery of affordable housing, which would in turn go a long way in solving urbanization problems in Nigeria.