feel free to call 09056000005

Developer plans US-Nigeria collaboration in fresh effort to tackle housing deficit

A US-based Nigerian real estate development and investment firm, Peniel Investment and Development LLC, is in the final stages of planning a collaborative effort between the US and Nigeria through a Real Estate Collaboration Conference and Exhibition. This initiative aims to address Nigeria's substantial housing deficit, currently estimated at around 28 million units, requiring approximately N21 trillion to bridge the gap, as per expert assessments.
 
Founder Ibukunoluwa Otinwa acknowledges the enormity of the housing deficit and recognizes that the government alone cannot solve this critical issue. In response, Peniel Investment and Development LLC is organizing a five-day event scheduled for the third quarter of 2024. The conference, exhibition, and business dinner intend to bring together real estate investors, private investors, developers, brokers, individuals, celebrities, and government dignitaries from both the US and Nigeria.
 
62,000+ Real Estate Investment Pictures
 
Otinwa anticipates that the event will facilitate transactions and investments totaling about $500 million, acting as a catalyst for transformative change. The immersive experience will feature a comprehensive program, including a conference with distinguished speakers from both nations, three exhibitions, a business dinner, and enlightening site tours.
 
"The US-Nigeria Real Estate Collaboration Conference and Exhibition 2024 represents a beacon of hope in addressing Nigeria’s housing crisis through international cooperation and shared commitment," Otinwa stated, shedding light on the mission and vision of Peniel Investment and Development LLC. The firm's mission is to provide quality real estate investment and development for everyone, irrespective of their social and ethnic backgrounds. Their vision is to become a world-class real estate investment and development company by creating exclusive comfortable lifestyles for humans, animals, and plants.
Otinwa emphasizes the core values of the organization, highlighting customer satisfaction, a focus on solutions, belief in teamwork, and the pursuit of greatness through continuous improvement. This collaborative effort seeks to make a positive impact on Nigeria's housing crisis through global partnerships and a commitment to creating inclusive and sustainable living environments.
 
Source: BusinessDayNG
 

Similar Topics

US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...

a month ago Read More

Equatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...

a month ago Read More

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

2 months ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

2 months ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

2 months ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

2 months ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

2 months ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

2 months ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

2 months ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

2 months ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

2 months ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

3 months ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

3 months ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

3 months ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

3 months ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

3 months ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

3 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

3 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

3 months ago Read More