Real estate developers have urged the government to implement urgent reforms in land administration and expand infrastructure investment to tackle Nigeria’s growing housing deficit and strengthen the property sector.
The Chief Operating Officer and Co-Founder of Flinx Realty Ltd, Bright Okereke, said challenges such as limited access to financing, inefficient land processes, and poor infrastructure continue to slow housing delivery across the country.
He explained that without strong policy support and coordinated reforms, housing development may struggle to keep pace with increasing demand driven by rapid urbanisation and population growth.
Okereke spoke during the official handover of the Bristol Apartment project in Surulere, Lagos, describing the development as part of the expanding residential growth within the Yaba–Surulere axis, one of Lagos’ busiest real estate corridors.
According to him, Nigeria’s housing shortage has reached millions of units, with major cities like Lagos facing the highest pressure due to rising migration into urban centres.
He also noted that the real estate sector plays a major role in stimulating economic activity by supporting jobs, construction supply chains, and professional services including architecture, legal services, and finance.
Okereke added that areas such as Yaba and Surulere continue to attract investors because of their closeness to commercial districts and emerging technology hubs, which help drive rental demand and increase property values.
The Chief Executive Officer of Flinx Realty Ltd, Odunbaku Adigun, stressed the importance of timely project completion in building investor confidence within the real estate market.
He said many investors remain cautious because of delayed or abandoned housing developments, adding that consistent delivery of completed projects is necessary to strengthen trust in the sector.
Adigun stated that continued housing development across urban centres could help attract long-term investment while contributing to infrastructure expansion and sustainable urban growth.
