"A real estate investment destination’

In a recent interview with journalists, Chief Toyin Adeyinka, the Chairman of Sparklight Group, a real estate development group of companies, described Ogun state as "a real estate investment destination."

“The present administration is so passionate about development and has done so much for us. The governor has invested a lot in the state and we are also ready to continue partnering with the government to further enhance the growth of the state. We have put a lot of our resources here in the state and we are grateful to the governor for his efforts in realigning towards the success of our projects.”

On the major challenges involved in providing affordable housing in Ogun state, he asked for a review of the Federal Government’s policy on housing.

“We are faced with difficulties in accessing government land, followed by non-availability of funds, the cheapest fund available to estate developers in Nigeria is the Estate Developers’ Loan of the Federal Mortgage Bank of Nigeria. There is also the problem of the cost and availability of local building materials. The government can use real estate construction and agriculture to drastically reduce unemployment and align our economy to the path of growth."

READ: Executive pinpoints delivery as a major problem of real estate in Nigeria

In order to prove the accuracy of his statement, his firm, Sparklight Group, is organising an open house programme that showcases the different housing projects in three of its estates in Lagos and Ogun states this week and later in September.

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