Experts seek policy boost to bridge Nigeria’s housing deficit

Experts in the real estate sector have urged the government to introduce policies that would attract investors and mitigate challenges in the industry.

During an event at the weekend, they stressed the need for partnership with the government to bridge the housing deficit in the country.

Chief Executive Officer of Convvy Estates, Samuel Oni, disclosed plans strategically tailored to bridge the housing gap, provide millions of jobs through affordable subscriptions and participation options for low-income families.

He said the company is coming into the market to solve critical problems of housing with convenience being the main focus.

He noted that providing affordable housing to millions of Nigerians from all strata of society in line with the new urban agenda and the United Nations Sustainable Development Goal of promoting sustainable cities and communities would boost the economy of the country.

“There are people that want to invest in the sector. But because of fraudulent activities, they are insecure. This is a major hindrance to affordable housing for the people. If the issue of fraudulent activity is addressed, I believe the industry will be more attractive,” he said.

He added: “A lot of people want to buy land but there is a lack of trust and quackery in the real estate sector. We are here to add value and be a game-changer in the real estate business in Nigeria and the world at large. We realised value could be added and we are coming in to provide the missing link, which is value addition.”