Follow Us on Google
By Adewale Banjo
Group Managing Director of Nedcomoaks, Sabo/Yaba, Lagos, Kennedy Okonkwo, has viewed to support the growth of housing development in Nigeria to address the country’s acute housing deficit and improve living conditions for many citizens.
The initiative includes a combination of financial investments, partnerships with local developers, and the implementation of sustainable building practices.
He made the declaration recently during the celebration of Nedcomooaks’s 20th anniversary in Lagos.
The commitment is a positive step toward alleviating Nigeria’s housing crisis, which affects a significant portion of the population.
By combining resources, expertise, and community engagement, the firm aims to create lasting impacts on housing availability and quality in Nigeria.
Okonkwo reflected on his journey from constructing a single bungalow in Oniru, Lagos, to delivering thousands of homes to Nigerians from various backgrounds.
“Today marks a remarkable moment in my life and the life of this organisation. “Starting from a build-operate-transfer project in Oniru, we have grown into a trusted brand, shaping Nigeria’s real estate landscape. It is 20 years of being a property developer, and I am grateful to God for bringing us this far,” he said.
He emphasised the need for a collective effort from developers, government, and stakeholders to tackle Nigeria’s housing challenges.
Okonkwo said: “The housing deficit is a shared problem: yours, mine and the government. At Nedcomoaks, we are committed to making affordable housing accessible to all Nigerians, ensuring dreams of homeownership come true for young men and women alike.”
He acknowledged the major challenges in the industry, which included trust issues with diaspora clients and market volatility.
“Integrity is the cornerstone of real estate. Before entrusting your money to any developer, verify their reputation and track record. At Nedcomoaks, we talk the talk and do the work,” he said.
The company plans to lead a roadshow across 10 cities, including the UK, the US, and Canada, showcasing reputable Nigerian developers.
Dubbed the Invest in Africa Summit, the initiative aims to rebuild trust among diaspora clients and promote investment in Nigeria’s real estate sector.
“Our story is built on integrity, excellence, and professionalism. We want the world to know that there are great Nigerian developers delivering quality and affordable homes. Together, we can rewrite the narrative,” Okonkwo declared.
As Nedcomoaks enters its 20th year, the company remains focused on sustainability and innovation, striving to set higher standards in the real estate industry.
“Our track record speaks for itself. Integrity, not just in developers but in structures and processes, remains our guiding principle.
“For every young man, young woman whose dream it is to own a property, we are focused on ensuring those dreams and aspirations come true. It is not to say that the challenges have not been there. The challenges have been numerous and enormous.
“But with the grace of God and the skillful execution of our project, we have been able to bring each project that we have embarked upon to a logical conclusion. It has been a tough journey, but we are grateful to God,” he said.
