A real estate expert, Mr Jide Odusolu says the Nigerian housing sector which remains the largest real estate market in Africa requires more collaboration for it to thrive.
Odusolu spoke to the News Agency of Nigeria (NAN) on Wednesday in Abuja, on the side-line of the on-going 15 International Housing Show in Abuja.
According to Odusolu, who is the Chief Executive Officer of Octo5 Holdings, without collaborations, the housing deficit cannot be addressed.
NAN reports that the annual Housing Show brings together experts and industry players to proffer solutions to challenges affecting the real estate and construction sector.
According to the Octo5 Holdings boss, focusing on individual balance sheets alone will deprive the entire industry from taking advantage of possibly the largest real estate market in Africa.
“This is a potential 200 billion dollars market and we need to consider this huge potential and collaborate more so the industry can grow and we can fix the housing deficit.’’
Odusolu said that the housing deficit, currently put at between 17 million and 22 million would not be met with government providing only a few houses in urban areas.
He stressed that the only means by which a real attempt could be made at bridging the gap was for government to focus on provision of concessions to the housing industry so the private sector could take the lead.
“We are not asking for government money, what we need are physical (infrastructure) concessions to make it viable for housing industry players to meet the needs of this huge market,’’ Odusolu said. (NAN)
Source:nannews
The Lagos State Government, through the Lagos State Physical Planning Permit Authority (LASPPPA),...
14 days ago Read MoreThe Federal Government has expanded the Abuja-Kaduna-Kano Road project to incorporate a direct...
20 days ago Read MoreThe Federal Capital Territory Administration (FCTA) has taken possession of Wadata Plaza, the...
28 days ago Read MoreDefaulters on FCT ground rent now have 14 days grace to pay up what they owe the FCT Administration...
28 days ago Read MoreUnprofessional practices by estate agents in major cities are significantly influencing the spike...
a month ago Read MoreA Real estate development firm, Lifecard International Investment Company, has revealed that many...
a month ago Read MoreDespite a fall in investment volumes from the 2021 peak, there is an ongoing desire for property...
a month ago Read MoreThe Lagos State government has advised the leadership of the Nigerian Institution of Estate...
a month ago Read MoreReal estate market dynamics such as construction cost, land, finance, government policies and taxes...
a month ago Read MoreEvent Set to Celebrate Managers Who Shape Careers and Drive Organizational Growth Business...
3 months ago Read MoreGlobal Leaders to Converge in Lagos for Landmark Event Driving Urban Innovation and...
3 months ago Read MoreIn a bold move to redefine affordable luxury housing, Nigerian real estate giant Gtext Holdings has...
3 months ago Read MoreIndustry Experts Urge Anti-Corruption Measures, Innovative Financing to Address Crisis By: Oche...
3 months ago Read MoreLAGOS, NIGERIA – Global real estate consultancy Knight Frank and UK developer Mount Anvil...
3 months ago Read MoreBy Oche Onum Lagos, Nigeria As Nigeria’s real estate sector braces for 2025, rapid...
3 months ago Read MoreBy Oche Onum Abuja, Nigeria In a landmark move to combat climate vulnerabilities in urban...
3 months ago Read MoreLAGOS, NIGERIA The Federal Government announced plans Wednesday to establish a Real Estate...
4 months ago Read MoreAccording to The Guardian's investigation, 70% of Nigerian states rely on manual land...
4 months ago Read MoreWhat is the Initiative? The Federal Government of Nigeria has unveiled an N100 billion private...
4 months ago Read MoreAbuja, Nigeria’s gleaming administrative capital, has long symbolized hope for migrants...
4 months ago Read More