Affordable Financing Could Help More Nigerians Become Homeowners, Mixta Africa Says

Access to adequate and affordable financing remains critical to helping more Nigerians overcome the barriers to homeownership, real estate developer Mixta Africa has said.

The company made the observation as it handed over keys to 27 new homeowners at Ibudo Wura, an affordable housing estate located along the Lekki-Epe Expressway in Lagos.

The latest handover brings the total number of completed homes at the development across Phases 1 and 2 to 192, according to the company.

Mixta Africa said the development demonstrates how appropriate financing options can make homeownership more accessible to prospective buyers.

The company noted that the latest handover also builds on its more than two decades of housing delivery across Africa, with more than 30,000 homes delivered to date.

According to the developer, homeowners at Ibudo Wura were able to access financing with as little as 10 per cent equity, payable over six months.

The financing comes with an interest rate of 9.75 per cent per annum and repayment tenors ranging from five to 20 years. Indicative monthly repayments start from N534,785.

The financing is available through the Ministry of Finance Incorporated Real Estate Investment Fund.

Mixta Africa Group Chief Commercial Officer, Tola Akinsulire, described the latest handover as an important milestone for the company and the beneficiaries, marking the point at which buyers move from purchasing their homes to taking possession.

Akinsulire said handing over keys was an important part of the relationship between the developer and its customers because it turns the company’s promise of home delivery into something tangible.

She acknowledged that buying a home represents a major financial and emotional commitment and said customers needed confidence that the homes they had paid for would be delivered.

With the latest handover, 27 additional families have taken possession of homes at the development, she said.

Akinsulire added that the company’s responsibility was to continue earning the trust of its customers through consistent delivery across its housing communities.

One of the new homeowners, Mrs Soprinye Banjo, said Mixta Africa’s track record influenced her decision to purchase a home at the estate.

She also cited the availability of authentic property titles and the prospect of having a seamless transaction as factors behind her decision.

Another homeowner, Tunji Adeyemi, said the quality of construction at Ibudo Wura was one of the main reasons he decided to invest in the development.

Adeyemi said he understood the quality of construction carried out by Mixta Africa and considered it an important factor in his decision.

He also pointed to Lagos New Town, where the development is located, as another attraction.

According to him, the area offers a setting where residents could live and work, while also providing an environment suitable for people considering the location for retirement in the future.

Another homeowner, Mrs Yetunde Oyegunle, praised the estate’s appearance, the quality of the finishing and the surrounding environment.

She said the development provided a conducive environment and expressed confidence in recommending it to people interested in purchasing property.

The latest handover highlights the role that accessible housing finance can play in supporting homeownership, particularly as prospective buyers face the challenge of raising large upfront payments for residential property.

Mixta Africa said its financing structure at Ibudo Wura is intended to provide prospective homeowners with a pathway to purchase homes through manageable equity requirements and longer repayment periods.

The post Housing Finance: Mixta Africa Hands Over 27 Homes at Ibudo Wura appeared first on Housing TV Africa.

Nigeria’s housing sector is emerging as a major source of employment, with more than 1,900 workers engaged during the excavation phase of a housing project in Gwagwalada, Abuja.

The Minister of Housing and Urban Development, Muttaqha Darma, disclosed this during an inspection of the National Housing Programme (NHP) estate and the Renewed Hope Civil Service Estate in Dukpa, Gwagwalada, Federal Capital Territory.

Darma said the construction industry was making a significant contribution to Nigeria’s economic growth while providing employment opportunities for citizens.

According to the minister, more than 1,900 people were employed during the initial excavation phase of the project, which involves the construction of 110 blocks of two-bedroom flats.

He described the housing industry as an important sector for employment generation and said this was one of the reasons the Federal Government was promoting increased housing construction across the country.

“The housing industry is really a very, very important industry to employ Nigerians. And that’s why we are promoting the industry,” Darma said.

The minister explained that the number of people employed on the project was expected to increase as construction moved into additional stages.

He said further work would require more personnel for building activities, machinery operations, general labour and concrete mixing, among other construction activities.

“Now you can begin to talk about the building work, the machinery work, the labourers, the mixing and others in the construction process,” he said.

FG targets more housing delivery

Darma also reaffirmed the Federal Government’s commitment to delivering more housing units across Nigeria before the end of the year.

He said the ministry remained confident that it would exceed President Bola Tinubu’s target of delivering 100,000 housing units to Nigerians before the end of his first tenure.

“We will surpass what Mr President promised, that 100,000 units of housing will be delivered to Nigerians before the end of his first tenure,” the minister said.

“We are moved to do it and we are going to do it,” he added.

The minister said the housing programme was part of wider government efforts to increase access to affordable housing while also using construction activity to stimulate employment and economic activity.

250-unit civil service estate targeted for completion

Darma further disclosed that the 250-unit Renewed Hope Civil Service Estate in Dukpa, Gwagwalada, was expected to be completed within six months.

He said the ministry would closely monitor contractors working on the project to ensure that they comply with agreed timelines and deliver the development within the specified period.

“Yes, it’s still possible. That’s why I asked the engineer on site to give me the work plan for each contractor,” he said.

According to the minister, each contractor was expected to submit an individual work plan early the following week.

The work plans would enable the ministry to monitor the progress of the different components of the project and measure performance against agreed milestones.

Darma said the ministry would continue to monitor the development closely and take the necessary steps to ensure that the six-month completion target was achieved.

The housing minister’s inspection comes as the Federal Government continues to use housing construction as part of its broader efforts to expand housing supply, support economic activity and create employment opportunities through the construction value chain.

The post Housing Sector Drives Job Creation as FG Targets 100,000 Homes appeared first on Housing TV Africa.

Anambra Sets December 31 Deadline for Landowners to Update C of Os

The Anambra State Government has given landowners until December 31, 2026, to recertify their old Certificates of Occupancy (C of Os) or risk losing access to key land-related transactions through the Ministry of Lands.

The directive was contained in a public notice dated September 1, 2026, and signed by the Permanent Secretary of the Anambra State Ministry of Lands, Mrs Nkeiru Mokwe.

The ministry said the existing land administration system would be shut down indefinitely after the December 31 deadline.

It explained that holders of old Certificates of Occupancy who fail to recertify their documents and have their records captured in the Anambra State Geographic Information System, ANAMGIS, will no longer be able to process certain transactions through the Ministry of Lands.

The ministry urged titleholders who have not yet started the recertification process to submit their applications without further delay.

According to the notice, holders of old C of Os are required to have their documents recertified and their records integrated into the ANAMGIS database before they can continue accessing the affected services under the state’s new land administration system.

The ministry stated that after the old system is shut down on December 31, holders of unrecertified C of Os would be unable to process transactions including mortgages, Deeds of Assignment, Certified True Copies and registration of Powers of Attorney through the Ministry of Lands.

The notice also affects other transactions that require processing through the ministry.

Only titleholders whose land records have been updated and captured in ANAMGIS will be able to carry out the affected transactions under the new system.

The recertification exercise is part of the state’s move to update existing land records and integrate them into its current digital land administration system.

Landowners with old Certificates of Occupancy who have not commenced the process are therefore expected to submit their applications before the December 31 deadline.

The ministry advised affected titleholders to complete the recertification process ahead of the deadline to protect their property interests and avoid difficulties when accessing land administration services.

The exercise specifically involves the recertification of existing Certificates of Occupancy and the capture of the associated land records in the ANAMGIS database.

Landowners who fail to complete the process will not be able to access the specified transactions through the Ministry of Lands once the old system is shut down.

However, the public notice does not state that an old Certificate of Occupancy will automatically become invalid after December 31.

Instead, the restriction concerns access to transactions that require processing through the Ministry of Lands under the old land administration system.

This means the December 31 deadline is primarily a requirement for landowners to update and integrate their existing records into the state’s current system, rather than an automatic cancellation of their Certificates of Occupancy.

The recertification exercise comes amid wider efforts to formalise land ownership and improve land records in Nigeria.

For landowners, updating existing documentation and ensuring that property records are properly captured in the state’s digital database can help facilitate future transactions involving their properties.

The Anambra Ministry of Lands has therefore encouraged holders of old C of Os who have yet to begin the recertification process to act before the December 31, 2026 deadline.

The post Landowners in Anambra Must Recertify Old C of Os Before December 31 appeared first on Housing TV Africa.

Qatar Charity Invests $10m in Abuja Housing Development

Qatar Charity is expanding its operations in Nigeria with an enlarged field office in Abuja and an ongoing $10 million integrated housing development in Gaduwa, Federal Capital Territory.

The project combines residential accommodation with healthcare and education facilities, creating a development that brings housing and essential social infrastructure together.

The development was highlighted during a meeting between Nigeria’s Ambassador to Qatar, Prof. Mahmood Yakubu, and senior officials of Qatar Charity at the organisation’s headquarters in Doha. Discussions focused on expanding Qatar Charity’s long-term development interventions in Nigeria, with emphasis on projects aimed at addressing multiple community needs rather than providing short-term humanitarian assistance.

$10m Gaduwa Project Combines Housing With Social Infrastructure

At the centre of Qatar Charity’s expanded activities is the Gaduwa housing development, valued at $10 million.

The project will combine residential units with a health clinic and a school, creating an integrated community development model where housing is delivered alongside essential social infrastructure.

The approach reflects Qatar Charity’s broader social housing model, which places housing alongside basic services and community facilities. The organisation says its social housing interventions are focused on providing safe accommodation and basic services to vulnerable groups.

For the Abuja development, the combination of residential accommodation, healthcare and education is intended to address several household needs within the same community rather than treating housing as a standalone intervention.

Abuja Operations to Support Wider Development Activities

The expansion of Qatar Charity’s field operations in Abuja is expected to strengthen its ability to coordinate development programmes across Nigeria.

Discussions with the Nigerian Ambassador also covered diplomatic clearances and the inter-agency coordination required to support the organisation’s activities.

Yakubu said the Nigerian Embassy would support Qatar Charity’s operations and help facilitate coordination with relevant Nigerian authorities.

He also indicated that the integrated development model could potentially be extended to other parts of Nigeria, subject to coordination with government agencies and other stakeholders.

Housing Delivery Linked to Healthcare and Education

The Gaduwa project highlights an approach to housing development that treats residential accommodation as part of a wider community infrastructure system.

Access to housing can also be affected by the availability and proximity of schools, healthcare facilities, transportation and other essential services. Bringing such facilities within or around residential developments can reduce the need for residents to travel long distances to access basic services.

Qatar Charity has previously implemented similar integrated community development projects in Nigeria, with reported projects combining residential units with schools, medical facilities, commercial spaces and other community infrastructure.

The model therefore extends beyond constructing individual housing units to creating communities with supporting facilities.

International Partnerships Add to Housing Delivery

The Abuja development also highlights the role international humanitarian and development organisations can play in Nigeria’s housing sector.

Government remains a major participant in housing policy and infrastructure provision, while private developers, financial institutions, non-governmental organisations and international development organisations provide additional channels for housing delivery.

Such partnerships can be particularly relevant to vulnerable households and communities where conventional market-based housing may not adequately address affordability or access to essential services.

The project also adds a development dimension to Nigeria-Qatar relations, with cooperation extending beyond diplomatic engagement to areas including housing, healthcare, education and community welfare.

Implications for Abuja’s Housing Market

The $10 million investment adds to development activity in Abuja, where housing demand continues to be influenced by population growth, employment, public-sector activity and infrastructure expansion.

The project’s integrated structure also has implications for urban planning. Housing developments that include schools, healthcare facilities and other supporting infrastructure can help reduce pressure on surrounding communities and contribute to more self-contained residential areas.

For developers and policymakers, the project demonstrates the potential value of linking housing delivery with social infrastructure from the planning stage rather than providing residential units without corresponding community facilities.

However, the wider impact of the development will depend on its implementation, occupancy, long-term management and the extent to which the integrated model can be replicated in other locations.

Qatar Charity’s Wider Housing Approach

Qatar Charity describes social housing as an important part of its international development work, particularly for vulnerable households and communities lacking adequate housing and basic services.

Its interventions include the construction, maintenance and renovation of housing, as well as sanitation and sustainable energy infrastructure.

The organisation has also undertaken previous projects in Nigeria that combine housing with other community facilities.

In 2021, for instance, Qatar Charity began a housing estate project in Abuja’s Wassa District for widows and orphans. The project included plans for residential units, a school, vocational training centre, shops and recreational facilities.

The Gaduwa development therefore forms part of a broader pattern of integrated community projects rather than being an isolated housing intervention.

Outlook

Qatar Charity’s $10 million Gaduwa housing development provides another example of an integrated approach to housing delivery in Abuja, combining residential accommodation with healthcare and education infrastructure.

The expansion of the organisation’s Abuja operations could strengthen its capacity to undertake additional development programmes across Nigeria, while the Gaduwa project provides an example of how housing can be planned alongside essential community services.

For Nigeria’s housing sector, the development highlights the connection between housing investment, infrastructure and social services, particularly for projects targeting vulnerable communities.

The extent to which the Gaduwa model can be replicated in other locations will depend on factors including financing, land availability, government coordination and the capacity to maintain the supporting infrastructure over the long term.

The post Qatar Charity Invests $10m in Abuja Housing Development appeared first on Housing TV Africa.

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.

The post REDAN Urges Blended Finance to Unlock Nigeria’s Housing Potential appeared first on Housing TV Africa.

Private developers have started a 15-hectare housing project in the Kabusa-Sheretti corridor of Abuja as demand for residential properties continues to grow across the Federal Capital Territory.

The project, known as Amani Abuja, involves Kopitar, OMEC Properties and Cynosure Realty. The developers plan to add several types of homes to the growing residential market in the area.

Project Targets Growing Abuja Housing Demand

The project sits in Kabusa, an emerging district within Phase Four of the Federal Capital City Master Plan.

The development will offer different types of homes. Plans include one-, two- and three-bedroom apartments. The project will also feature three- and four-bedroom terrace duplexes, semi-detached houses and standalone homes.

The developers also plan internal roads, drainage, electricity and recreational areas. These facilities should support the development as a residential community.

However, infrastructure alone will not make the homes affordable. The final cost will depend on property prices, household income, financing terms and access to mortgages.

Private Developers Support Housing Supply

The project highlights the role of private developers in meeting Abuja’s housing needs.

Government programmes alone cannot meet all the demand created by population growth and urbanisation. Private investment can therefore help increase the number of homes available to buyers and renters.

Partnerships can also help developers combine resources. Companies can bring together land, finance, technical skills and development capacity to deliver larger projects.

The real impact of Amani Abuja will depend on the number of homes the developers complete. Prices and the income groups that can afford the properties will also determine its wider contribution to the market.

Kabusa-Sheretti Corridor Attracts New Development

The location reflects Abuja’s continued outward growth.

As land becomes harder to find in established districts, developers and homebuyers are looking towards emerging areas. These locations can offer opportunities for new housing projects and urban expansion.

Infrastructure will play a major role in their success. Good roads, drainage, electricity, water, security and public transport can help connect new communities to jobs and commercial centres.

Poor infrastructure can create other problems. Residents may face longer journeys and higher transport costs when housing expands faster than supporting services.

Infrastructure Can Affect Housing Prices

Infrastructure also affects the cost of new homes.

Developers often need to provide roads, drainage and other services within their projects. These costs can increase the price of completed properties.

Public investment in infrastructure around new development areas could help reduce some of these costs. Better coordination between government and developers could also support more efficient housing delivery.

For lower- and middle-income households, this issue remains important. A new home has limited value to a buyer who cannot afford the purchase price or the cost of financing.

Housing Supply Must Match Household Incomes

Nigeria still faces a major housing shortage. The Federal Government has previously put the national housing deficit at about 15 million units.

A single project cannot close such a large gap. However, projects like Amani Abuja can contribute to the wider supply of housing when developers complete them and bring the homes to the market.

The type of housing also matters. Increasing supply will have a greater effect when projects serve different income groups.

Land, building materials, labour, infrastructure, regulation and finance all affect construction costs. Developers must balance these costs with what potential buyers can afford.

Mortgage Access Remains Important

Housing availability does not always translate into home ownership.

Many households need long-term mortgage finance to buy a home. High borrowing costs and limited access to suitable mortgage products can reduce the number of people who can purchase newly built properties.

This makes housing finance an important part of Abuja’s growing residential market. Developers may increase supply, but households also need financing options that match their incomes.

Abuja Expansion Creates Opportunities

Abuja’s population growth continues to create demand across different housing segments. Emerging districts can give developers more space to build while allowing the city to expand.

Rapid expansion also creates planning challenges. Residential areas need roads, public transport and basic services to keep pace with new construction.

Government agencies and private developers will therefore need to coordinate development as Abuja’s urban footprint grows.

The post Private Developers Begin 15-Hectare Abuja Housing Project appeared first on Housing TV Africa.

Joint ventures between governments and private developers are helping to increase Nigeria’s housing supply. However, experts say many of these projects still fail to reach low- and middle-income Nigerians.

Under a typical joint venture, government provides land and sometimes infrastructure. The private developer provides funding, construction skills and project management.

The model can reduce the burden of land acquisition. Yet the commercial structure of many projects often pushes house prices beyond what ordinary workers can afford.

High costs push up house prices

Private developers need to recover their construction and financing costs. They also need to make a profit. Government may also expect financial returns from the public land contributed to the project.

These costs eventually affect the selling price of the homes.

Rising construction costs have made the situation more difficult. Cement, steel, fittings and other building materials now account for a large share of development costs.

High financing costs add another burden. Developers who cannot access cheaper funds often depend on commercial bank loans. They then pass part of the financing cost to buyers.

Mortgage access remains a major barrier

Access to mortgages also limits the reach of JV housing projects.

Many low-income Nigerians work in the informal sector. Some have irregular incomes and cannot meet the requirements of formal mortgage providers.

Even when they qualify for loans, high interest rates and short repayment periods can make monthly payments too expensive.

As a result, many homes described as affordable eventually attract middle- and high-income buyers, investors and Nigerians living abroad.

Government support needs to go beyond land

Toye Eniola, Executive Secretary of the Association of Housing Corporations of Nigeria (AHCN), said the growing reliance on JVs had weakened social housing delivery.

According to Eniola, private developers naturally focus on recovering their investments and making profits. That approach makes higher-income markets more attractive than low-income housing.

He also said government-backed projects often face delays because of disagreements between partners and difficulties in securing funds.

Eniola argued that government must support social housing through land, infrastructure and cheaper finance. He also raised concerns about delays in accessing funds through housing finance institutions and government-backed programmes.

Construction costs squeeze developers

Olajide Dosunmu, Managing Director of Noble Grounds Limited, described JVs as a useful model but said high construction costs remained a major challenge.

He noted that cement plays an important role in several stages of construction. Dosunmu said the price of cement had increased from about N9,500-N10,000 to an average of N13,000-N14,000 over the six months referenced.

The higher costs make it harder for low-income buyers to meet mortgage payments.

Dosunmu said developers often prefer middle- and higher-income areas because homes sell faster in those markets. This allows developers to recover their costs more quickly.

He also warned that efforts to reduce construction costs in low-income areas could create pressure to lower building standards. Such compromises, he said, could affect the structural quality of housing.

Infrastructure subsidies could reduce costs

Dosunmu urged governments to provide infrastructure in areas selected for JV housing projects.

Roads, drainage, water supply and other basic infrastructure can add significantly to development costs. Government investment in these areas could reduce the amount developers need to spend before selling the homes.

He argued that government could also benefit from increased economic activity and tax revenue as new communities develop.

JVs still help unlock land

Rogba Orimalade, former Chairman of the Lagos branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), said JVs remained an important tool for property development.

He noted that developers can use partnerships to gain access to land and create more housing units.

However, Orimalade said high land and development costs continue to exclude low-income households from many JV projects.

He called for lower development charges, approval fees and consent costs. Reducing these expenses, he said, could encourage developers to increase housing supply.

Clearer rules needed for affordable housing

Experts say successful JVs require clear agreements between government and private partners.

Such agreements should define each party’s responsibilities, project timelines, funding arrangements, risks and profit-sharing terms. Clear rules can also reduce disputes that delay construction.

However, affordability must remain a central part of the arrangement. Government land and other public incentives should come with clear targets for the number and price of affordable homes.

Nigeria needs more housing, but supply alone will not solve the affordability problem. If JV projects continue to focus mainly on buyers who can pay market prices, low-income households will remain excluded.

A stronger approach would combine public land with infrastructure support, cheaper finance, lower development charges and workable mortgage arrangements. Such measures could help government-private partnerships serve not only the property market, but also Nigerians who need affordable homes most.

The post Why Government JVs Struggle to Deliver Affordable Housing in Nigeria appeared first on Housing TV Africa.

The President of the International Real Estate Federation (FIABCI), Nigeria, Ayodeji Odeleye, has pledged to position Nigeria as a major destination for international real estate investment.

Odeleye spoke in Lagos during his induction as president of the Nigerian chapter. Sixteen new members were also inducted at the event.

He said Nigeria has strong potential to attract foreign investment through real estate. He added that the country could become a major player in Africa’s property market.

FIABCI World Congress

Odeleye pointed to the successful hosting of FIABCI’s 75th World Congress in Lagos as proof of Nigeria’s potential.

The event was the first FIABCI World Congress to be held in Africa. Odeleye said the congress showed that Nigeria could host major global real estate events.

He said the event also gave Nigerian professionals greater visibility within the international property industry.

According to him, his administration will focus on turning FIABCI’s global network into business and investment opportunities for members.

He also wants Nigerian professionals to gain more access to international knowledge and partnerships.

Odeleye said Nigeria should have a stronger voice in global discussions about the future of African real estate.

Focus on Young Professionals

The new FIABCI Nigeria president also announced plans to expand the chapter’s membership.

He said the association would introduce a mentorship programme for younger professionals. The programme will focus on skills, training and international exposure.

He said these efforts would help members compete for business opportunities both in Nigeria and abroad.

Odeleye also promised to strengthen the chapter’s institutional structure. He said his administration would promote transparency, unity and greater participation among members.

Wider Participation

The FIABCI Nigeria president said the association should not be seen as an organisation based in only one city.

He called for members in Abuja, Port Harcourt and other parts of the country to take part in the chapter’s activities.

A wider membership base could help the association connect more professionals across Nigeria’s property market. It could also improve the sharing of knowledge and business opportunities within the sector.

Building Communities, Not Just Estates

Odeleye also called for a broader approach to property development.

He said developers should look beyond building estates and focus on creating functional communities.

This approach requires attention to roads, water, power, transport and other basic infrastructure. It also requires closer cooperation between developers and government agencies.

For Nigeria’s housing sector, this is important because housing development is closely linked to infrastructure and urban planning. New homes cannot function as complete communities without access to basic services and supporting infrastructure.

Stronger Government Engagement

Odeleye said FIABCI members have access to international professionals and global industry practices.

The association regularly engages with international colleagues through webinars and other professional activities.

He said the knowledge gained from these engagements could be shared with government officials. This could support better decisions on housing, infrastructure and urban development.

The Federal Ministry of Housing and Urban Development has responsibilities covering housing and urban development in Nigeria. Better cooperation between government and property professionals can support more informed approaches to development.

Opatola Commended

Odeleye also praised the immediate past president, Akin Opatola, for his leadership of the Nigerian chapter.

He credited Opatola with promoting an inclusive approach during his tenure. His administration also led the chapter through the 75th FIABCI World Congress in Lagos.

Opatola also encouraged collaboration between FIABCI Nigeria and relevant government agencies.

Real Estate and Nigeria’s Investment Future

Real estate remains important to Nigeria’s housing, construction and urban development needs. The sector also provides opportunities for domestic and international investors.

Odeleye’s focus on international partnerships could help connect Nigerian professionals with investors, developers and property experts from other markets.

For Nigeria to attract more investment, however, real estate growth must go alongside strong infrastructure, effective planning and better cooperation between the public and private sectors.

The FIABCI Nigeria leadership is now seeking to use its international network to expand business opportunities, improve professional development and strengthen Nigeria’s position in the global real estate industry.

The post Real Estate Growth Can Boost FDI and Position Nigeria as Africa Hub appeared first on Housing TV Africa.

Property developer Messrs Alexander Limited has called for stronger compliance with building regulations and construction standards as Nigeria seeks to expand housing supply while addressing concerns over building safety.

The Lagos-based firm said effective supervision throughout the construction process was critical to preventing structural defects and protecting the value of residential properties for both homeowners and investors.

The company made the position known during an inspection tour of the 21-storey 16 Alexander residential development in Ikoyi, Lagos. Representing the Executive Chairman, Mr Napoleon Esemudje, a company representative said the developer was committed to using quality materials and meeting applicable construction requirements throughout the project.

The development is being constructed on a 4,276.216-square-metre site in Ikoyi, one of Lagos’ established residential districts. When completed, the project will comprise 54 luxury apartments, made up of 26 two-bedroom and 26 three-bedroom units across Wings A and B, alongside a duplex in each wing.

The project has brought together several specialist firms. Cappa and D’Alberto Plc is responsible for the principal construction and civil engineering works, while Baron Architecture is the lead architectural consultant. Trevi Foundations is undertaking piling and deep foundation works, with Lambert Electrics Limited responsible for mechanical, electrical and plumbing installations.

The development is planned to include an indoor swimming pool and lounge deck, gym, steam and relaxation facilities, indoor sports areas, a yoga and meditation space, residents’ social areas, concierge and security services, as well as city views.

It will also provide 150 parking spaces. Each apartment is expected to have two dedicated parking spaces, with additional spaces available for visitors.

Esemudje said the development was intended to provide lasting value for purchasers, describing it as a long-term asset designed with durability in mind. He said buyers should be confident that the apartments were being constructed to high standards and would retain value for future generations.

The project’s Marketing and Real Estate Consultant, Dr Meckson Okoro, said construction had reached the 17th floor, leaving four floors before the 21-storey structure is completed. Delivery is scheduled for December 31, 2027.

Okoro said maintaining close oversight during construction was important not only for structural safety but also for protecting the investment and future rental prospects of subscribers. He added that high-rise developments required consideration of the interests of the public and other stakeholders from the foundation stage through completion.

The Project Manager of Cappa and D’Alberto Plc, Mr Prabal Chakrabarti, said the project was being executed by qualified professionals and subjected to several levels of inspection.

According to Chakrabarti, work is internally certified before concrete is cast, after which the consultants, including Baron Architecture and structural engineering consultants, conduct their own inspections. The client’s consultants, CDH, then review and approve the work before casting proceeds.

He also said officials of the Lagos State Building Control Agency inspected key structural elements, including reinforcement, columns and slabs, before approvals were granted for concrete casting.

The company said the project was being executed in line with safety requirements and international quality standards, particularly in response to concerns surrounding building failures in parts of Nigeria.

The emphasis on construction quality comes as Nigeria continues to face a significant housing shortage, making the delivery of safe and durable housing increasingly important. Beyond increasing the number of housing units, developers, regulators and construction professionals must ensure that new developments meet required structural and safety standards.

For high-density urban areas such as Lagos, where vertical development is increasingly important because of limited land availability and rising demand, effective building control, professional supervision and quality assurance remain central to protecting lives, property values and confidence in the housing market.

Developer stresses construction quality

Property developer Messrs Alexander Limited has called for strict compliance with building standards in Nigeria.

The company said strong construction controls can improve building safety and protect property values.

The developer made the call during a tour of the 21-storey 16 Alexander residential project in Ikoyi, Lagos.

A representative of the Executive Chairman, Mr Napoleon Esemudje, said the company would maintain strict quality controls throughout the project.

The representative also assured potential investors that the developer would use premium materials. The company will also follow all relevant building regulations.

21-storey project takes shape in Ikoyi

The Alexander Tower sits on a 4,276.216-square-metre site in Ikoyi, Lagos.

The project will contain 54 luxury apartments. These include 26 two-bedroom and 26 three-bedroom units across Wings A and B.

Each wing will also have a duplex.

The development will offer several facilities for residents. These include an indoor swimming pool, lounge deck and fully equipped gym.

Residents will also have access to steam and relaxation rooms. The project will include indoor sports facilities, a yoga and meditation area, and social spaces.

The development will also provide 24-hour concierge and security services.

In addition, the project will have 150 parking spaces. Each apartment will receive two dedicated parking spaces. Visitors will also have access to additional parking.

Construction reaches 17th floor

Dr Meckson Okoro, the project’s Marketing and Real Estate Consultant, said construction had reached the 17th floor.

Four more floors remain before the tower reaches its planned 21 floors.

Okoro said the developer expects to complete the project by December 31, 2027.

He also stressed the need for close monitoring as construction continues.

According to him, proper supervision will help protect the building’s structural quality and long-term investment value.

He said buyers should have confidence in the safety of their investment.

Okoro also said high-rise construction must consider more than the developer’s commercial interests.

He said developers and professionals must protect residents, investors and the wider public from the foundation stage to project completion.

Multiple firms oversee construction

Cappa and D’Alberto Plc is handling the main construction and civil engineering work.

Baron Architecture serves as the lead architectural consultant.

Trevi Foundations is responsible for piling and deep foundation works.

Lambert Electrics Limited handles the mechanical, electrical and plumbing installations.

Mr Prabal Chakrabarti, Project Manager at Cappa and D’Alberto Plc, said qualified professionals were working on the project.

He said the project team also carries out several inspections before each concrete casting exercise.

According to Chakrabarti, the construction team first checks and certifies the work internally.

The consultants then inspect the work. Baron Architecture and the structural engineering consultants take part in this process.

The client’s consultants, CDH, also review the work before the team proceeds with concrete casting.

Officials from the Lagos State Building Control Agency also inspect key structural elements.

These include reinforcement, columns and slabs.

Chakrabarti said the team only proceeds with concrete casting after receiving the required approvals.

Focus on safety and long-term value

The project team said it takes structural safety seriously, especially amid concerns about building collapses in Nigeria.

Chakrabarti said the company follows safety procedures and international quality standards during construction.

The developer also plans to appoint a professional facility management company after completion.

The planned approach highlights the importance of quality control beyond the construction phase. Proper maintenance can also help preserve the condition and value of a residential development.

Wider housing sector implications

Nigeria faces a major shortage of housing, increasing the need for new residential developments.

However, increasing housing supply also requires strong attention to safety and construction quality.

This is especially important in major cities such as Lagos, where high-rise developments can help developers make better use of limited urban land.

For investors and homeowners, building standards also have a direct link to property value. Strong construction practices can reduce safety risks and help protect the long-term performance of residential assets.

The Alexander Tower project therefore highlights a wider issue facing Nigeria’s housing sector: the country needs more homes, but it also needs homes that meet required safety and construction standards.

The post Developer Urges Strict Building Standards as Housing Demand Rises appeared first on Housing TV Africa.

A faction of JonahCapital Nigeria Limited has called on the Economic and Financial Crimes Commission (EFCC) to examine an alleged $300 million investment linked to the River Park Estate project in Abuja.

The group wants the anti-graft agency to confirm whether the money entered Nigeria and whether developers used it to fund the estate’s infrastructure.

Dr Adeniran Olatokunbo Ogunmuyiwa, a founding director and shareholder of JonahCapital, raised the concerns in a letter to the Minister of the Federal Capital Territory, Nyesom Wike.

The dispute forms part of an arbitration case reportedly before the International Chamber of Commerce (ICC) in Paris.

JonahCapital Faction Disputes Funding Claim

Ogunmuyiwa disputes claims linked to Ghanaian businessman Samuel Esson Jonah that more than $300 million went into infrastructure at River Park Estate.

He said JonahCapital did not provide funding or infrastructure for the development.

Ogunmuyiwa also questioned the authority of the group pursuing the arbitration to act for JonahCapital. He said a dispute over the company’s ownership has led to competing corporate records.

According to him, the people behind the arbitration do not represent the legitimate owners or directors of the company.

The claims remain disputed. The other parties involved may contest them.

EFCC Petition Seeks Financial Records

The Nigerian faction later petitioned the EFCC over the River Park dispute. The commission reportedly received the petition on August 11.

The petition asks the agency to examine allegations of fraud, impersonation and false representations linked to the project.

The petitioners also want the EFCC to trace the alleged $300 million investment.

They asked investigators to review Certificates of Capital Importation, bank statements and foreign remittance records. They also listed Central Bank of Nigeria records, foreign exchange documents, investment agreements and audited accounts.

The group wants investigators to establish the source of the alleged funds. It also wants them to identify the Nigerian accounts that received the money.

Group Questions How Money Was Used

The petitioners said the alleged investment should have a clear financial record if the $300 million entered Nigeria.

They want the EFCC to determine the dates of the transfers and the amounts involved. They also want the agency to establish how the money allegedly funded the River Park project.

The petition names Samuel Esson Jonah, Kojo Mensah and other people said to have links with the arbitration.

The Nigerian faction also asked investigators to examine documents and claims submitted in the ICC proceedings.

Paulo Homes Named in Funding Dispute

The faction claims that Paulo Homes Limited financed major parts of River Park Estate.

It said the company provided funds for activities linked to the development. These allegedly included payments to indigenous communities, road construction and water infrastructure.

The group also made claims about Jonah’s previous position in JonahCapital. It alleged that he failed to provide capital he had agreed to contribute after joining the company as a shareholder.

It further alleged that Jonah lost his shareholder position around 2008.

The claims have not been independently verified.

Arbitration Follows Lease Agreement Dispute

The River Park dispute concerns Plot 4, Cadastral Zone E30, Lugbe West, Abuja.

The property is now known as River Park Estate.

The dispute followed the termination of a Development Lease Agreement involving JonahCapital Nigeria Limited and the Federal Capital Development Authority (FCDA).

The claimants reportedly maintain that the agreement remains valid until 2030.

FCT Minister Nyesom Wike has confirmed that Nigeria faces arbitration proceedings over the property.

What the Case Means for Abuja Real Estate

The dispute raises important questions about funding, ownership and development rights in major housing projects.

Large property developments need clear agreements and traceable financial records. They also depend on secure land rights and strong relationships between developers and public authorities.

Any prolonged dispute can create uncertainty for investors and other parties connected to a project.

For Abuja’s housing sector, the River Park case also highlights the need for clear project structures. Investors and homebuyers need confidence that developers have the legal and financial capacity to complete major projects.

The ownership dispute within JonahCapital, the alleged $300 million investment and the Development Lease Agreement remain contested.

The ongoing arbitration, along with any investigation by Nigerian authorities, could provide further clarity on the issues surrounding River Park Estate.

The post River Park Estate Dispute: EFCC Asked to Probe $300m Claim appeared first on Housing TV Africa.