What do you believe is the single most important factor driving up the cost of living in Nigeria?

According to Akinrinade, the current reality in the sector is that the process of getting land documented is cumbersome and time-consuming across the country, adding that the development impedes investors from Nigeria’s real estate sector.

He said, “The government, especially at the federal level, should consider setting up special funds for operators and providing grant extensions for would-be investors to encourage more developers to embark on real estate development, thereby solving the issue of housing shortfalls.”

He posited that if the government could give every other sector grants to do one or two projects, the real estate sector would equally need some funds.

“If you are going to banks to collect loans, the interest on the loan alone will not encourage your business to grow. The government should look into that and we can have common grant templates,” Akinrinade stated.

He charged Nigerians to take advantage of the firm’s projects in Champions Court, Emerald Estate Phase I and II, Gold City Estates in Epe Lagos, Glamour Estate in Oshiwo, Ogun State, and Emerald Estate Moniya, Ibadan.

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