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By Uche Okobi
ATCO Homes, a leading real estate firm with sprawling portfolios in Ibeju Lekki, Lagos, has reaffirmed its commitment to ensuring the government’s agenda of providing quality housing for the growing population of Nigeria.
Chief Executive Officer of the company, Bartholomew Egbochie, during a business call, last weekend, recounted their industry accomplishments and growing investor confidence in the company’s portfolios.
The well-respected CEO, who is also a UN Peace Ambassador, stated that growing urbanisation and trends in smart homes were driving up demand for housing in Nigeria’s biggest city. He noted that, while the government was delivering policies to make land acquisition more accessible, private businesses continue to channel investments into expanding access to quality homes to bridge the housing deficit in the country.
Egbochie said, “The government has been impressively responsive to the challenges of rapid urbanisation. For instance, in Lagos, the state government allocated N482.86 billion and N550.69 billion in the 2023 and 2024 budgets, respectively, to enhance transportation through projects like the Red-Blue rail line and the Fourth Mainland Bridge. As well, the government keeps fostering support for the real estate sector through public-private partnerships and regulatory frameworks via LASERA.”
Citing global and national recognitions, such as the UK-based International Property Awards and Businessday newspaper’s Business Leadership Award, among others, Egbochie also stated that ATCO Homes continues to grow stronger, based on its commitment to integrity and fair engagement with clients, government, and landowner communities.
He stressed that, while challenges remain, real estate firms, such as ATCO Homes, continue to work with key stakeholders to ensure the federal and state governments’ agenda of providing affordable housing for the growing population and legitimate investment platforms for investors are actualised.
On a recent land case involving the Daramola family, the ATCO Homes CEO explained, “It is heartbreaking that the family resorted to a smear campaign to stain our business by syndicating communication with false claims and accusations on platforms which lack proper gate-keeping.
The documents of our land purchase in 2015 and the original coordinates are available and have been shared with the appropriate authorities for fair action. I advise the media to verify claims before publishing news articles indirectly targeted at smearing the image of businesses driving the government growth agenda.”
