Connect with us

General

Nigeria’s Housing Deficit Requires Top-notch Solutions—Mixta Africa

Published

on

Mixta Africa

By Modupe Gbadeyanka

To bridge the huge housing deficit gap in Nigeria, top-notch solutions must be developed and they must be a win-win situation for consumers and investors.

This is the view of Mrs Sade Hughes, the Country Manager for Mixta Africa, one of Africa’s largest indigenous real estate companies.

Reflecting on the company’s sterling performance in 2021, the real estate expert remarked that the estimated housing deficit of over 17 million residential units in the country requires a robust strategy to tackle.

According to her, Mixta Africa is well-positioned to solve the issue, stating that successes recorded in countries where it operates are evidence of this.

She said the firm plans to introduce more revolutionary real estate solutions, including the construction of additional luxurious homes and then enlist mortgage finance schemes aimed at encouraging prospective homeownership.

“We are working round the clock to ensure more and more Nigerians own properties at the best of deals. Our purpose is to build communities and provide enough homes for different classes of Nigerians and Africans.

“Part of this strategy is our decision to develop more affordable houses and engage mortgage providers to make more Nigerians own homes with easy payment plans,” she disclosed.

On her part, the Head of Marketing, Ms Onome Umukoro, hinted that the company’s estate projects such as the Obudu Villas, Beechwood Park 1 & 2, Adiva Plots and Cove Lofts were all sold out in 2021, while Lakowe Heights, Marula Park, Expressview Estate in Abuja, Adiva Plainfields/new release, commercial plots and the Residence Goree located in Senegal are all currently selling and on high demand.

“Our vision is to deliver urbanized and modern cities across the continent of Africa and we have garnered appreciable milestones in our estate projects. Our company has successfully developed more than 13,500 residential and retail units across 8 countries on the continent.

“We are currently present in 8 countries across Africa with full operations in Nigeria, Senegal, Côte d’Ivoire, Morocco, and Tunisia but projects in Mauritania, Algeria and Egypt,” Ms Umukoro said.

She highlighted other achievements of the company, including the provision of affordable houses within the developing township programme tagged Lagos New Town.

“Lagos New Town is a development concept where we host some of our most notable products including Lakowe Lakes Golf and Country Estate, Beechwood Estate and Adiva Plainfields. The idea is to provide housing for a different cadre of homeowners with exquisite and luxurious aesthetics with comfort and convenience in mind,” she added.

Mixta Africa founded in 2005 by a group of brilliant and innovative minds has continued to blaze the trail in the real estate market, building sustainable communities across many African countries.

The company has been variously awarded Great Place to Work Silver, Best High-End-Real Estate Company awarded by African Property Investment Awards and Fastest Growing Real Estate Developer in Africa 2021 by Global Brands Magazine.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

1 Comment

Leave a Reply

General

Tinubu in UAE for 2025 Abu Dhabi Sustainability Week

Published

on

Bola Tinubu 2027 presidential election

By Modupe Gbadeyanka

President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).

He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.

A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.

He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.

However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.

The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.

In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.

ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.

It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.

At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.

The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.

Continue Reading

General

Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement

Published

on

mudashiru obasa

By Dipo Olowookere

The Speaker of the Lagos State House of ​Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.

Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.

Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.

This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.

Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.

Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.

In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.

Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”

He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.

However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.

Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.

“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.

Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.

As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.

Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.

For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.

Continue Reading

General

Nigeria Suffers First National Grid Collapse of 2025

Published

on

national grid

By Modupe Gbadeyanka

Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.

It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.

Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.

It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.

This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.

Continue Reading

Trending