Founder and Chief Executive Officer of Festrut Group, Prof. Festus Uwakhemen Asikhia, has called for stronger corporate governance, improved transparency and robust risk management practices to enhance investor confidence and accelerate sustainable growth in Nigeria’s real estate sector.

Speaking in an interview with The Guardian, Asikhia said increasing concerns over land documentation, title authenticity and fraudulent property transactions have made it imperative for real estate developers to prioritise regulatory compliance, accountability and professional standards.

He noted that restoring confidence in the property market requires developers to adopt transparent business practices that protect investors while ensuring long-term value creation.

According to him, Festrut Group is expanding its residential housing portfolio, strengthening its land title processing services and forging strategic partnerships aimed at providing more secure, accessible and investor-friendly real estate opportunities.

“Our growth strategy is anchored on innovation, transparency and sound corporate governance,” Asikhia said. “These principles enable us to contribute meaningfully to Nigeria’s housing development while delivering sustainable value to investors and homeowners.”

He observed that rapid urbanisation across Nigeria and other African countries continues to create significant opportunities for responsible developers capable of delivering quality housing, maintaining regulatory compliance and promoting sustainable community development.

Asikhia stressed that secure property documentation, effective planning and investor-focused solutions remain fundamental to the company’s operations, adding that these measures are essential to reducing investment risks and improving confidence in the sector.

Established in 2010, Festrut Global Shelter Nigeria Limited has developed several residential communities, including Defender’s Estate in Karshi, Festrut Kingdom Estate in Orozo and Festrut Estate in Katampe. He said the projects reflect the company’s commitment to planned community development, regulatory compliance and responsible property investment.

Beyond expanding its housing developments, Asikhia said Festrut Group will continue investing in sustainable housing initiatives, strengthened governance frameworks and operational excellence to support the long-term development of Nigeria’s real estate industry.

He maintained that improved transparency, efficient land administration and stronger governance across the sector would not only attract greater domestic and foreign investment but also contribute to addressing Nigeria’s housing deficit and supporting broader economic growth.