REDAN Seeks New Housing Finance Models
The Real Estate Developers Association of Nigeria (REDAN) has called for stronger blended finance structures to increase investment in Nigeria’s housing and infrastructure sectors.
REDAN President, Oba Akintoye Adeoye, made the call at the 2026 Africa Environmental, Social and Governance (ESG) Conference and Exhibition in Lagos.
John Saka, Executive Secretary and Business Development Specialist at REDAN’s national secretariat, disclosed this in a statement issued on Thursday in Abuja.
Adeoye said Nigeria’s housing and infrastructure needs require more than traditional sources of funding. He called for closer cooperation among government, developers, mortgage institutions, commercial banks and development finance institutions.
He also identified institutional investors and other sources of capital as important partners in expanding housing investment.
Blended Finance Could Support Housing Investment
Blended finance combines public, private and development-focused funds to reduce investment risks. It can also help attract private capital to projects that may face funding challenges under normal commercial terms.
Adeoye said this approach could help developers finance more housing projects while improving affordability for Nigerians.
He urged REDAN and the Mortgage Banking Association of Nigeria (MBAN) to promote financing models that support sustainable and affordable housing.
According to him, stronger links between developers and financial institutions could create better conditions for long-term investment in the sector.
The issue is important because housing projects often require significant upfront capital. Developers also need access to financing that matches the long development periods of housing and infrastructure projects.
Better financing structures could therefore support projects that might struggle to secure funding through conventional commercial loans alone.
REDAN Pushes Green Innovation
Adeoye also urged real estate developers to adopt more green technologies and sustainable construction practices.
He said developers could improve efficiency and long-term value through energy-efficient buildings, renewable energy and sustainable construction materials.
He also highlighted water efficiency, waste management, climate-resilient infrastructure and smart technologies as areas with room for greater innovation.
Adeoye said developers should view sustainable real estate as an investment rather than simply an additional cost.
Energy-efficient buildings can reduce operating expenses over time. Sustainable materials and better resource management can also improve building performance and the experience of occupants.
For Nigeria’s housing industry, the shift towards sustainable development could also support buildings that are better prepared for environmental and climate-related pressures.
Governance Remains Critical
The REDAN president also stressed the need for stronger governance across the real estate sector.
He identified transparency, accountability, ethical business practices and responsible leadership as key elements of a credible property market.
Adeoye said good governance can strengthen consumer confidence and improve investor trust. It can also support access to finance and improve the credibility of real estate businesses.
Strong governance remains important to both developers and consumers. Clear business practices can help protect buyers while creating greater confidence among financial institutions and investors.
ESG Conference Focuses on Practical Solutions
The 2026 Africa ESG Conference and Exhibition focused on the theme, “ESG as a Competitive Advantage: Blended Finance, Green Innovation, and Governance for Nigeria’s Real Estate Future.”
REDAN and the Mortgage Banking Association of Nigeria jointly organised the conference. The Nigeria Mega Project Expo 2026 partnered with both organisations for the event.
The conference provided a platform for stakeholders to discuss how environmental, social and governance principles can influence Nigeria’s real estate sector.
Adeoye urged participants to move beyond discussions and focus on practical solutions and partnerships.
For Nigeria’s housing market, the discussion highlights the close link between finance, sustainability and good governance. Expanding access to suitable funding, encouraging efficient building practices and improving industry standards can help create stronger conditions for housing and infrastructure investment.
The wider significance lies in bringing developers, lenders, government agencies and investors closer together. Such cooperation can help the sector develop financing models and business practices that support a more sustainable and accessible real estate market.
