Nigeria’s acting High Commissioner to Canada, Obioma Nzewuji, has called on Nigerians in the diaspora to take up the huge investment opportunities in the housing sector.
According to a statement, the high commissioner stated this while declaring open the virtual interactive and business networking session hosted by the Nigerian and Canadian Business Network.
Nzewuji said that available records indicated that the country currently had seven million units of housing deficit, noting that Nigerians in the diaspora could invest in the sector to help bridge that gap.
He noted, “Nigeria has a housing deficit of close to seven million units. The biggest opportunity lies in the provision of low, medium-cost housing as affordable housing in Nigeria.
“This is an area that investors can actually take advantage of. It is possible from our findings to use technology to deliver housing units, it is cheap and efficient.
“There are prospects to collaborate with the state government or private sector to cut down the housing deficit.”
According to the High Commissioner, there is also a growing demand for mortgage-driven property financing across the major income space in Nigeria, which should offer opportunities for property financing.
“I should advise that you conduct your due diligence in collaboration with Nigeria High Commission institutional support to connect with the right path,” he asserted.
Speaking on the topic ‘’About Real Estate Project And How The Diasporas Can Invest In It’’ during the virtual session, the Chief Executive Officer of Pelican Valley Nigeria Limited, Abeokuta, Babatunde Adeyemo, mentioned that despite the challenges confronting it, Nigeria remained a beautiful country with boundless opportunities for the citizens at home and abroad to explore.
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Adeyemo explained, “Nigeria is a beautiful place, a land that is full of honey, where you can grow big if you have the energy, goodwill and drive to push forward, most especially in the real estate industry.
“People in the diaspora have funds to invest in real estate, but where almost all of them get it wrong is having the right platform to invest their money, and that has been a clog in the wheel of progress for both Nigerians at home and abroad who want to invest in the real estate industry back home.”
Punch
