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Real Estate

Real Estate Investment’ll Boost Economy– Group

The Chief Executive Officer and President of the Group, Mr Niyi Adeleye, said it had become necessary to encourage more people to see the real estate industry as a major driver of economic prosperity.

He added that with the country’s rapidly growing population and housing deficit, there was a need for innovative ideas to address accommodation challenges.

He said, “We have a deficit but people are not investing as much as they should; the economy will be better if people invest more in real estate and that is what Perfection Group is all about. It will involve trillions of naira to address the problem of housing in the country, meaning that only the government can’t do it.

“But leaving it to the government alone to address the housing needs of the country will be like a drop in the ocean, which is why people need to invest as individuals. Nigeria’s population is growing rapidly; this means we will have a lot of problems in our hands if we do not plan.”

Adeleye, who spoke at a forum for investors, tagged ‘Easter concert with Kanu Nwankwo’, said the purchasing power of many Nigerians had been eroded due to unstable economic conditions,  making it difficult for many to afford a home or invest in real estate.

He, however, said concepts and solutions as provided by groups such as Perfection could address such problems.

According to him, Perfection provides real estate income opportunities, homeownership schemes, land investment offers and ambassadorship, among others.

READ MORE:  How Global Real Estate Perspective Impacts Local Industry

Nwankwo, who is Perfection’s brand ambassador, said the group aimed to make homeownership easy for Nigerians.

“The best thing that can happen to anyone is for them to have a place to call their own home,” he said.

The Managing Director, Perfection Betoniq International Development Company Limited, a joint venture company of Perfection Real Estate Investors Cooperative Society and Betoniq JV Nigeria Limited, Dr Ekejiuba Njoku, said the country’s 17 million housing deficit had been underestimated.

“With the growing population, if we continue with the way we are going with lack of planning, there is no way we can address the housing problem, we need to start planning today to get it right,” he added.

Source: Punchng

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