‘The fast-growing population and increasing urbanisation of the local communities have opened new investment opportunities in the real estate sector of Nigeria’

Shelter is one of the three basic needs of mankind. It is the most important for the physical survival of man after the provision of food. Its importance cannot be overlooked by governments and individuals, as it provides safety and protection from different types of weather conditions.

Furthermore, decent and adequate housing contributes to the attainment of physical and moral health of a nation. It stimulates social stability, work efficiency, and development of individuals. It is also one of the indicators of a person’s standard of living and status in society.

As important as housing is to human development and safety, it is still grossly in short supply in developing economies such as Nigeria. The Centre for Affordable Housing in Africa (CAHF) posits that about 58.8 per cent of the urban population in Nigeria dwells in slums and recent figures indicate that the Nigerian housing deficit is put at 28 million units as of January, 2023.

This figure is worrisome and one of the highest in the world. Government past policies aimed at addressing housing deficit have failed to yield the needed results of addressing the acute shortage of housing that is ravaging Nigeria as a developing nation.

To bridge the housing deficit gap in Nigeria, stakeholders and experts in the sector are of the view that Government at all levels should work towards creating a conducive environment for businesses to thrive and encourage private-public collaborations. Furthermore, there is a need for greater investments and partnership between the Nigerian Real Estate players and the Nigerian development institutions like the Federal Mortgage Bank (FMB), Bank of Industries and other development institutions. Besides, it is a consensus in the real estate sector that reduction of lending rates to a single digit and policy consistency by governments at all levels will stimulate housing development in the country.

The task before all stakeholders in the real estate industry is to create the necessary framework and the needed environment that will allow massive and coordinated investments in the housing sector.

Sam Ogrih MD/CEO, Mega-Trend Limited- Champion of Professionalism, Goodwill and Integrity in Real Estate Business

Delta Mega Trend Nigeria Limited is the visionary developer behind The Plantation City, a prestigious estate located in Otokutu, Warri, Delta State.

Spanning over 120 hectares of prime land, The Plantation City features over 600 thoughtfully designed residential units, with more than 400 already occupied. The remaining properties are at various stages of completion, offering an opportunity for prospective residents and investors to become part of this exclusive community.
The estate is equipped with state-of-the-art infrastructure, including well-paved roads with efficient drainage systems, advanced security measures with both human and digital surveillance, and controlled access via digital entry and exit points. Residents also enjoy an eco-friendly, sustainable environment that promotes a harmonious balance with nature, alongside uninterrupted 24-hour electricity powered by our Independent Power Plant (IPP).

At Delta Mega Trend Nigeria Limited, our commitment to excellence is reflected in every detail of The Plantation City, making it an ideal destination for residents seeking both luxury and serenity. Whether you are considering purchasing a home or exploring collaborative opportunities, we are here to serve you.

Discover your dream city, nestled in nature. Contact us today to schedule an appointment or learn more about available properties.

Nuel Osilama Global Investment Ltd: Building Proudly African, International Estates Is Our Mission

NUEL Osilama Global Investment Ltd is a proudly Nigerian firm that started business as Nuel Osilama & Partners, a property development and investment company. Today, it has expanded and diversified with footprints in almost all facets of Nigerian economy.

The Group Chairman and Managing Director of Nuel Osilama Global Investment Ltd, ESV. Nuel Osilama, is a trained surveyor and social analyst with decades of experience and exposure in the real estate industry not only in Nigeria but also in Europe and America.

The internationally acclaimed surveyor has the vision to build an enduring, proudly African, and truly international real estate firm that can compete globally and deliver world-class standards with ICT and Energy firms that seek to impact positively on the global economy and add value to humanity.

ESV. Osilama, who has built over 50 estates across Nigeria, stressed that delegation of authority and open-door policy are leadership styles that have enhanced his operations and enabled his projects across the country run simultaneously.

He pointed out that Osilama Garden Estate, Phase 2 and Comfort Royal Estate situated in Abuja are his outstanding projects, because of their creative and unique designs and finishing.

He went further to say that Osilama Global investment Ltd has products for all classes of Nigerians, the very wealthy class and the not too rich people. As long as you have a stable source of income, Osilama has a house you can afford.

The innovative surveyor, who believes the real estate industry has capacity to grow the economy of Nigeria, proffering solutions to the housing deficit in the country, raised the need for a review of the existing land use Act of 1978, unification of land registration and administration, and encouraging local manufacturing of alternative building materials.

Finally, the excellent manager of human and material resources, Osilama, who focuses on doing things better, easily and excellently, is also committed to giving back to society by training and raising new generation of professionals in the real estate industry across the globe.

APGL: A real estate company with eyes for excellence, customer satisfaction

APGL is a versatile real estate company with eyes for excellence and customer satisfaction. Founded by Dr Kehinde Omotayo, who is also the Managing Director and Chief Executive Officer, since it registered as an Indigenous real estate firm, APGL has provided a wide range of top-notch services in the sector. It has extended these services to include Real Estate,project management, property portfolio management, and facility management.

The young and vibrant Omotayo is an experienced and astute entrepreneur that stops at nothing until excellence is achieved. He has skillfully assembled a talented team that has ensured that APGL is on top of the list of best-run real estate firms.

Indeed, Dr Kehinde Omotayo is a natural real estate guru, whose passion and love for the business is overwhelming. He resigned from his job in a financial institution to embrace real estate and brought corporate ambience and integrity to the business.

He strongly believes that the persistent housing challenges in Nigeria can be overcome through public-private partnerships. The government, the owner and custodian of lands in Nigeria should make lands available to estate developers and subsidize building materials to make housing affordable for Nigerians.

Dr Kehinde Omotayo, who holds two master’s degrees from the United Kingdom and America, earnestly encourages government to adequately fund and strengthen mortgage institutions to support the working class to access mortgage loans for residential apartments.

Bridging the housing deficit gap, the estate guru, drew the attention of the Federal Government to the various buildings that housed ministries and its agencies before they were relocated to Abuja; some of the structures presently abandoned, overgrown with bushes, and taken over by street urchins, can through constructive negotiations, be handed over to credible estate developers to redesign and refurbish into corporate offices and residential apartments.

By this, Government makes money, the developers make their profits, and public welfare is promoted.

Dr Omotayo has won several awards in the industry including “The African Development Award of Excellence “ as the best-performing Facilities Management Company of the Year, 2014.”

The young entrepreneur sees a great future and opportunities in the real estate industry. According to him, the growing population of the country is a limitless gold mine for real estate. APGL is poised and determined to continuously provide affordable and world-standard quality shelter, satisfy clients and provide value for money.

Cruxstone Development Ltd: Architects Of Dreams, Sculptors Of Luxury Living

Investment Ltd is more than just a real estate company, they are architects of dreams, sculptors of luxury living, and visionaries of Nigeria’s real estate future. With an unwavering dedication to excellence, they are committed to transforming landscapes and enriching lives through their exceptional projects. In this interview the chief executive of the company Dr. Adetoro Bank-Omotoye speaks more about the wave-making real estate firm.

Can you tell us more about the vision that drives Cruxston?
Our vision is simply to build a bluechip real estate investment organisation that renders innovative excellent services to investors and take the real estate industry to another level in Nigeria. I have been around the world and seen what is obtainable out there; amazing edifices, wonderful skyscrapers and one wonders why we can’t have them in Nigeria. People prefer to invest in real estate in America and Europe but we can replicate what is in America and Europe, even better because Nigerians are amazing people all over the world. Wherever you find Nigerians we are trailbrazers and one of the most intelligent people on the face of the earth. If we can do so much out there we can do much more better back home despite the challenges. Cruxstone has made her marks though there is still room for improvements. Everyone tries to get better. That speaks for our development, every new development we do is better than the previous one. We keep coming up with new things, innovative ideas to deliver better value to our investors. We want to give people the opportunity to say it makes more sense to invest in Nigeria than Europe, the returns investors get in Nigeria cannot be gotten anywhere in the world. The Nigerian environment, despite the challenges presents unparalleled opportunity for investors.

Your outstanding achievements?
About four years ago, shortly after the collapse of the 21-storey building at Ikoyi, Lagos, some real estate investors from Asia came to meet the Governor of Lagos State. The building collapse was not a healthy signal to the Asian investors, yet the Governor sent them to Cruxstone Development Ltd. Among all the real estate developers in the state, the Governor singled out Cruxstone for the Asian investors. The story gives an idea of our credibility, achievements and integrity.
We are partners with Lagos State government on flagship projects like the iconic towers in Victoria Island. We took the Asian investors to the Iconic towers, they inspected the projects, checked everything and were overwhelmed with satisfaction. With the quality and standard of the projects. We are global in our standards. We are not competing with local developers, we are competing with the best in the world because a good number of our clients are diaspora based. Cruxstone Development Ltd has really changed the narrative in the Real Estate industry. Lagos State Government through (LSDPC) send their developers to Cruxstone to learn quality, standards and ambiance in construction.

Your leadership style
A leader must be visionary and inspire the followers to do things beyond the ordinary. Our core values define my leadership style. I am passionate, resourceful, having integrity, carry everyone along, I am innovative and always aim at excellence.

Strategies to reduce housing deficit in Nigeria
Government must create a good enabling environment to drive economic activities. When this is in place, Nigerians are industrious people and the housing deficit will be reduced. Reduce interest rate, harmonise policies and encourage infrastructural development in the real estate industry.

Future of the real estate in Nigeria
The future is bright for the real estate in Nigeria. With the Local government autonomy, developments will start at the rural areas and create opportunities for real estate developers all over Nigeria.