Improving Nigeria’s Housing Gap with Long Term Partnerships: Okonkwo Shares Insights with Forbes Africa

Posted On Friday, 16 November 2018 11:11 Published by
Rate this item
(0 votes)

Dr. Kennedy Okonkwo, a top player in affordable real estate in Nigeria has featured on the November edition of Forbes Africa where he revealed that long term partnerships between private and public sector is key to improving housing gap in Nigeria.

KENNEDY_OKONKWO

Dr. Kennedy Okonkwo is Founder and CEO of Nedcomoaks Limited, a real estate company engaged in the acquisition, development and management of properties in Nigeria. Nedcomoaks has quickly become a top player in Nigeria’s residential real estate sector which provides employment to thousands of people and annual revenues of over ₦15 billion in just under a decade.

Okonkwo has also built a strong reputation as a passionate advocate of the power of the real estate sector in Nigeria to contribute to the socio-economic well-being of the country, by providing low-income housing solutions to Nigerians.

Government and private players must understand the needs and earnings of the people to be able to service the area of living in our society. He revealed to Forbes Africa that public-private partnerships can ease Nigeria’s housing crisis. “Financing infrastructure deficit across Africa will involve collective innovation both across the public and the private sectors,” Okonkwo said.

He further stated that creating affordable housing in the developing world requires truly understanding how people in those communities live, saying that a careful understanding of that fact would help in determining how fast we can meet the demands of fast-growing African cities.   

The Forbes cover, in an interview with Dr. Okonkwo also revealed an in-depth survey on the key challenges to creating affordable housing in Africa’s growing cities and the need for efficient housing solutions with the role of the government in driving public private partnership. It shows Dr. Ken’s reflection on the power of collaboration in the housing sector on the continent.

Last modified on Monday, 19 November 2018 11:22

Most Popular

New Maluti Crescent to open on 21 March and transform shopping in Phuthaditjhaba

Feb 28, 2019
MD  PAUL GERAD
Maluti Crescent Shopping Centre will open on 21 March 2019 when it will officially become…

Fairvest Property Holdings Limited announced solid results for the six months to December 2018

Feb 27, 2019
DARREN WILDER
Fairvest Property Holdings Limited today again announced solid results for the six months…

Iconic new Cape Town building The Rubik launches on to market

Mar 06, 2019
00 THE RUBIK
The Rubik , a newly launched luxury mixed-use building situated in the heart of Cape…

Redefine Properties on track to drive sustainable growth in ‘watershed’ election year

Feb 25, 2019
1 ANDREW KONING
While economic conditions remain challenging, Redefine Properties (JSE: RDF) continues to…

Renewable energy programme attracts R209.4 billion to SA economy

Feb 25, 2019
JEFF RADEBE
The Renewable Energy Independent Power Producer Procurement Programme (REIPPP) is making…

Please publish modules in offcanvas position.