A real estate firm, Kenburger Homes, has pledged to bridge the existing deficit by constructing 10,000 units in the next five years for low-income earners.

The Chief Executive Officer of Kenburger Homes, Kene Onyia, disclosed this while speaking to journalists in Lagos. He said to reduce the huge gap in supply, all hands must be on deck to ensure Nigerians have roofs over their heads.
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Onyia said the company focuses on middle-to-upper-income individuals and families seeking affordable, luxurious, and sustainable housing solutions. He said within the next five years, the company aims to develop 50 additional estates across Nigeria that will deliver 10,000 housing units, create over 50,000 jobs and contribute significantly to Nigeria’s Gross Domestic Product (GDP) growth.

The CEO disclosed that after training over 300 Africans from Nigeria, Kenya, South Africa and Zambia in USA real estate wholesaling, “we are ready to take it to the next level by April 2025 with an Afro Real Estate Wholesaling/STR Hybrid Conference.”

With a focus on innovative solutions, Kenburger Homes incorporates cutting-edge technologies and sustainable practices, which according to Onyia, include green building materials, renewable energy integration, smart home automation and community-focused amenities.
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On how to address Nigeria’s housing deficit, he urged the Federal Government to adopt innovative solutions including Public-Private Partnerships (PPPs), affordable housing initiatives, land reform policies and access to affordable financing.

On what the company can contribute to boost the sector, Onyia said as an innovative real estate developer, the firm is committed to providing affordable luxury housing. “In Kuje, Abuja, we are promoting sustainable building practices, creating jobs and stimulating economic growth, collaborating with government agencies to develop inclusive housing policies and partnership opportunities and policy recommendations,” he stated.

Onyia disclosed that the company seeks collaboration with the government through PPPs, land allocation, proper land data, financing initiatives, regulatory support, capacity building and partnership with SME Government agencies to train over 10,000 Nigerians in USA virtual real estate wholesaling.

The CEO recommended the review of the national housing policy, tax incentives, mortgage financing, infrastructure development, regulatory framework, economic impact and implementation roadmap.

“By partnering with Kenburger Homes, the Federal Government can address the housing deficit, improve living standards, drive economic growth, enhance sustainability, and foster public-private partnerships,” he stressed.
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