Real Estate Giant Sounds Alarm: Nigeria’s Housing Crisis Needs Urgent Action

Tobi Adebayo
2 Min Read
Real Estate Giant Sounds Alarm: Nigeria’s Housing Crisis Needs Urgent Action

In a bold call to action, Reftop Homes Limited, one of Nigeria’s leading real estate firms, has challenged governments and industry stakeholders to take immediate steps to tackle the nation’s worsening housing deficit.

The call came during the company’s inaugural board meeting held in Lagos, where key figures gathered to set a new agenda for sustainable housing development in the country.

Dr. Akin Akinpelu, a member of the board, emphasized that Nigeria’s housing crisis cannot be ignored if the country hopes to make economic progress. He argued that the solution lies in providing not just shelter, but affordable, secure, and long-lasting housing options for the Nigerian people. “Bridging the housing deficit is a critical piece of navigating our economic challenges,” Akinpelu said. “We need a framework that supports sustainable development something more than temporary fixes.

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He added that the real estate sector is facing significant structural and policy hurdles, which must be addressed through a united front of courage, clarity, and commitment by both the government and private stakeholders. Akinpelu stressed the importance of developers stepping up to play an active role in solving the problem, not just profiting from it.

Also in attendance were respected figures such as Col. Kayode Ajibade, labour leader Mrs. Funmi Sessi, Mrs. Lolade Alli, Mr. Eizu Uwaoma, and Reftop’s Chief Executive, Dr. David Assogba. The meeting marked a turning point in the firm’s drive toward transformative action, setting the tone for deeper engagement with national housing issues.

With the demand for affordable homes growing by the day, Reftop’s message is clear: the time for talk is over—decisive, collective action is now the only way forward.

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