Firm Partners With Stakeholders To Address Housing Deficit

BARMs and City Limited, a real estate company, has pledged to work with stakeholders to close the housing gap in Nigeria in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The organisation said it has partnered with the Petroleum Ecological Fund (PEF) Cooperative Society and the Federal Market Bank to launch the Vista Grove Project, a cutting-edge, eco-friendly estate designed to set new standards in urban living.

Speaking at the groundbreaking ceremony in Abuja yesterday, the CEO of BARMs and City Real Estate, Engr. Muhammad Baba emphasised the company’s commitment to innovative housing solutions since its inception in 2017.

“Nigeria faces a 65% housing deficit, especially in cities like Abuja, Lagos, and Port Harcourt. In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, our goal is to work with stakeholders to bridge this gap,” he stated.

He noted that the project will feature 55 housing units, with completion expected within 18 to 28 months.

The CEO acknowledged that while Nigeria’s housing deficit cannot be solved overnight, every milestone brings the country closer to bridging the gap.

Beyond this initiative, BARMs and City Real Estate is also set to develop a 10-hectare project in Kiami in partnership with the Nigerian Immigration Service Cooperative Society and key stakeholders in the aviation sector, including the Nigerian Civil Aviation Authority (NCAA).

He further mentioned that the company has expanded its footprint to Port Harcourt, where groundwork is underway for its first major project.

He said plans are also in place to extend operations to Lagos in the near future, reinforcing the company’s commitment to nationwide housing development.

“We are working tirelessly to ensure more Nigerians can access stable, affordable housing. This is just the beginning, and we remain dedicated to playing our part in closing the housing gap,” he added.

“At BARMs and City Real Estate, we are not just building houses—we are creating a thriving community that represents the future of Nigerian real estate,” he said.

He encouraged individuals and stakeholders to take advantage of the affordable housing opportunities, emphasising that this is just the beginning of a broader effort to redefine homeownership in Nigeria.

For his part, Farouk Ahmed, the chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), stressed that the company is focused on encouraging employees to invest in their future by participating in cooperative ventures related to the real estate projects they’re developing.

“We are partnering with developers who own land in Abuja, and through their cooperatives, we are giving our staff the chance to subscribe to these developments. This is part of our broader strategy to ensure our employees invest in the future,” he said.

Also, the managing director and co-founder of BARMs and City Real Estate, Hajiya Jamila Musa highlighted the company’s collaboration with the PEF Cooperative Society and its efforts to create affordable and luxurious homes for Nigerians.

“In sha Allah, within the next three years, we should be back here for the commissioning and handover of the houses,” Mrs Musa stated, outlining the ambitious timeline for their latest housing projects.

She explained how BARMs and City Real Estate is addressing one of the country’s most significant challenges: the growing housing deficit.