• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Estate Developer, Oyedeji Urges Federal Gov’t To Address Housing Deficit

by Jerry Emmanson
1 year ago
in News
Fola Oyedeji

Fola Oyedeji

Share on WhatsAppShare on FacebookShare on XTelegram

A real estate developer, Fola Oyedeji, CEO of EVC Nig Ltd has appealed to the federal government to take decisive action in addressing housing deficit in the country.

Advertisement

Oyedeji said government intervention is crucial to bridging the significant housing deficit that continues to plague the nation.

Speaking at a recent industry conference in Lagos, Oyedeji highlighted the urgent need for comprehensive policies and strategic investments to stimulate the housing market. “The housing deficit in Nigeria is a national crisis that requires immediate and sustained attention from the highest levels of government,” he declared.

He said private developers alone cannot meet the demand, hence the need for a collaborative effort.

Nigeria’s housing deficit is estimated to be between 17 and 22 million units, a figure that continues to rise with the country’s burgeoning population. Oyedeji noted that this shortfall has dire implications for the socio-economic development of the nation.

RELATED

Federal Govt’s National Housing For Nigerians In Private, Public Sectors — Minister

Dangiwa Lauds ARCON On Summer Skills Acquisition Centre

42 seconds ago
REA, Yobe Set To Convene Strategic Roundtable On 2023 Electricity Act

REA, Esodora Sign MoU To Boost Energy Access Nationwide

2 minutes ago

“Housing is a fundamental human need and a critical component of national development,” he stated. “Without adequate housing, we cannot achieve sustainable growth or improve the living standards of our people.”

Oyedeji called on the federal government to introduce policies that encourage investment in affordable housing projects. He suggested that measures such as tax incentives for developers, streamlined regulatory processes, and access to affordable financing could significantly boost housing development. “We need policies that make it easier for developers to build, and for individuals to own homes,” he said. “This includes reducing bureaucratic bottlenecks and providing financial support to both developers and homebuyers.”

On infrastructure development, Oyedeji stressed the importance of improving infrastructure to support housing projects. “Good roads, electricity, water supply, and other essential services are vital for any housing development,” he explained. “The government must invest in infrastructure to create an enabling environment for real estate growth.”

He further urged the government to foster stronger partnerships with the private sector. “The private sector has the expertise and capacity to deliver housing solutions at scale,” he noted. “However, we need a supportive framework that encourages public-private partnerships. Together, we can develop innovative and sustainable housing projects that meet the needs of our growing population.”

The EVC boss pointed out that regulatory challenges often hamper the progress of real estate projects. He called for reforms to make the regulatory environment more conducive for developers. “Navigating the regulatory landscape can be a significant hurdle for developers,” he said. “Simplifying and harmonizing regulations across different levels of government will go a long way in accelerating housing delivery.”

Oyedeji’s call to action comes at a time when the housing sector is grappling with numerous challenges, including rising construction costs, land acquisition issues, and limited access to finance. He reiterated that without government intervention, the housing deficit will continue to widen, exacerbating socio-economic disparities.

“This is a call to action for our government to prioritize housing as a critical area of national development. We need urgent, collaborative efforts to ensure that every Nigerian has access to decent and affordable housing,” he added.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Housing Deficits
SendShareTweetShare
Previous Post

Rack Centre, Cofinity Group Sign Channel Partnership Agreement

Next Post

Group Describes NUPRC Oil, Gas Metering Contract As Scam, Duplication

Jerry Emmanson

Jerry Emmanson

You May Like

Federal Govt’s National Housing For Nigerians In Private, Public Sectors — Minister
News

Dangiwa Lauds ARCON On Summer Skills Acquisition Centre

2025/08/05
REA, Yobe Set To Convene Strategic Roundtable On 2023 Electricity Act
Business

REA, Esodora Sign MoU To Boost Energy Access Nationwide

2025/08/05
Abbey Mortgage Bank’s New Board Anticipates Growth
Business

Abbey Mortgage Appoints Okonkwo As ED

2025/08/05
Leadway Assurance Complies With 10-year Tenure Limits As New MD, ED Resume
Business

Leadway Assurance, Ecobank Partner On Tailored Insurance Solutions

2025/08/05
Linkage Assurance Unveils Third-Party Motor Insurance With Own Damage Cover
Business

Linkage Assurance Revenue Hits N22.2bn In 2024

2025/08/05
Heirs Energies Expands Gas Supply To Geometric Power
Business

Heirs Insurance Partners Influencers, Drives Insurance Literacy

2025/08/05
Leadership Conference advertisement

LATEST

Dangiwa Lauds ARCON On Summer Skills Acquisition Centre

REA, Esodora Sign MoU To Boost Energy Access Nationwide

Abbey Mortgage Appoints Okonkwo As ED

Leadway Assurance, Ecobank Partner On Tailored Insurance Solutions

Linkage Assurance Revenue Hits N22.2bn In 2024

Heirs Insurance Partners Influencers, Drives Insurance Literacy

Police Arrest 5 Suspected Ritualists In Akwa Ibom

Keyamo, Rewane, Others To Discuss Aviation Financing At LAAC Conference

‘Nigeria First Policy To Enhance Patronage of Local Tech, Products’

2027: ‘I’m Not Desperate’, Peter Obi Defends One-term Pledge

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.