Firm Plans Construction Finance Push To Address Housing Deficit Challenge

Griffin Capital Group has unveiled plans to deepen its involvement in Nigeria’s real estate financing space through a construction finance strategy aimed at addressing the country’s widening housing deficit and improving access to affordable home ownership.

The firm said the initiative is part of its broader push to strengthen housing finance structures, expand mortgage access, and support asset management and trusteeship services within the real estate sector.

Speaking during the unveiling of its new brand portfolio in Lagos, Group Chief Executive Officer of Griffin Capital Group, Mr Babatunde Obaniyi, said the company is positioning itself to help bridge the housing gap through innovative financing solutions targeted at both developers and end-users.

He noted that Nigeria’s housing deficit, estimated at over 20 million units, continues to worsen due to rapid population growth and limited access to long-term funding for real estate development.

According to him, the firm’s construction finance model is designed to provide sustainable funding structures that will enable developers to deliver housing projects at scale while easing affordability pressures on buyers.

“We are driving sustainability in the housing sector and working to close the widening housing gap. Our focus is to deepen access to mortgage financing, asset management, and trusteeship services that can unlock home ownership,” Obaniyi said.

He added that Nigeria’s economic growth ambitions cannot be achieved without stronger private-sector participation in financing critical infrastructure and housing development.

Using major national infrastructure projects as reference points, Obaniyi stressed that large-scale development in Nigeria increasingly depends on creative financing models and private sector collaboration.

He further emphasised the importance of corporate governance and investor confidence, noting that Griffin Capital’s leadership structure is anchored on experienced professionals with strong industry backgrounds.

“Our goal is to become the most trusted adviser in the market while contributing meaningfully to national development,” he said.

Obaniyi also said the company’s long-term vision goes beyond profitability, adding that its operations are designed to support economic growth, infrastructure expansion, and wealth creation across the country.

Also speaking at the event, Chairman of Griffin Capital Group, Musa Bello, said financial institutions play a central role in shaping development outcomes, particularly in emerging economies where capital allocation is critical.

He noted that the group is committed to building a strong institution that blends local market expertise with global standards of governance, transparency, and execution.

“Griffin Capital Group represents a long-term commitment to building an institution that combines local insight with global best practices,” Bello said.