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Cooperation Among Estate Developers‘ll solve Housing Problems – Onaiwu

Worried by the increasing housing challenges FCT residents face, Chief Executive Officer, 007 Properties, a lifestyle, luxury and comfort company, Earl Osaro Onaiwu, has made case for improved cooperation among property developers as panacea to their housing needs.

Speaking during an interactive business lunch with representatives of high profile estate developers in Abuja, the former Director General of Governors Forum said 007 was poised to change the real estate landscape.

He said the meeting was initiated for them to share ideas on how to move the sector forward, noting that cooperation, professionalism and attitude change were key in solving existing housing issues in the territory.

Onaiwu, who decried the perceived mindset of the average Abuja property dealer to sell to the highest bidder and penchant to make more money than the property owners, stressed that with cooperation among the developers they would better understand the areas of need and leverage on each other’s strength.

While assuring that meetings would be regular, he said there was need to review landed property in Abuja noting that with acceptable building plans, and availability of facilities housing problems in the territory could be solved.

On his part, Group managing Director, FMG Platform Empowerment LTD, Francis Okumagba, made case for wealth education, change of wrong mindset on housing and availability of mortgage to enable people could become land and home owners with their rent.

He maintained that with proper strategy one could build houses that are worth more and sell for less, arguing that “money flows on the streets of Nigeria but we don’t know how to put it to use.

READ MORE:  The top 10 US cities where you could buy a home for under $100,000

“If property developers come together they can do more because everything needed to succeed in real estate is available but success is being constrained by wrong mindset.”

Binta Shama

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