Actual Property mogul, public speaker and chairman of GTEXT Holdings, Dr Stephen Akintayo has acknowledged that, inexpensive housing all around the world is just not the job of personal enterprise sectors however state and federal authorities who will accomplice non-public builders and supply the suitable incentives like land and funds to assist subsidise housing for the plenty.
Akintayo, throughout a media parley on the celebration of sixteenth anniversary of GTEXT Holdings whereas responding to questions on how the corporate will help present mass housing for people who can not afford, famous that, non-public builders can solely accomplice the state and federal governments which have lands to supply shelter for his or her folks, as actual property builders can not present inexpensive housing with out quite a lot of incentives being supplied by the federal government or its companies or the philanthropists.
He famous that, with the suitable setting and authorities incentives, GTEXT Properties can present a million models per yr which interprets to 4 million models in 4 years.
Akintayo by way of the Stephen Akintayo Basis, had given grants to a whole lot of enterprise house owners in Nigeria through the years, assured that authorities ought to give him crisis-ridden Sambisa forest, and he would flip it right into a skyscraper just like the Dubai mannequin.
“For low value housing, I’ve answered that a number of occasions. You must observe what works. How is low value housing within the UK for instance? A non-public actual property developer goes forward and builds an property or a housing unit, after which the federal government comes – we name them Council Flats, the federal government pays to get the housing models subsidised.
“In another elements of the world like Rwanda, they do this as properly. The federal government will give a personal developer the land. That already reduces the price of constructing the home. Additionally (Authorities) give the corporate some measures of off-taking, which is a type of funding as properly. So with the funding and land being supplied and different incentives, the value of housing will crash and it turns into inexpensive for the center class,” stated Akintayo.
To him, “Additionally I’ve stated it if President Tinubu was 4 million housing models in 4 years, I can ship it. Take it to him. I can ship it, whether or not we have to carry worldwide guys (expatriate). Simply give me land! See what’s happing on the Lekki Coastal Freeway, do the identical three way partnership with us and see what’s going to occur, whether or not we is not going to actually construct homes in thousands and thousands.
“All these insecurities we’re speaking about are largely due to the truth that our forests are largely unguarded. Nothing has been performed. I’ve stated it earlier than on Channel TV, give me Sambisa Forest and I’ll construct skyscrapers there. Dubai has performed. You see what now we have additionally performed in Dubai, the miracle in Dubai in a single yr, we turned the most important black-owned brokerage agency in Dubai. And now we have learnt just a few issues in Dubai, as to find out how to do actual property in different elements of the world.
“And in case you carry improvement to those areas, a few of these folks, the terrorists will turn into the employees on sight. And switch issues round. That’s find out how to do low value housing. With safety in place and Baba, Chief Mike Okiro on board of GTEXT Properties, along with his experience, we are able to construct low value housing for the Customs, The Police Power and different safety companies. We’ve lands all around the nation that may accomplice with us and construct homes and make it inexpensive. They provide us the land, drop some little capital as properly, we’ll construct inexpensive housing,” he acknowledged.
Basic Chief Working officer of GTEXT Holdings, Bukola Lukman famous that, the corporate, having gotten Inexperienced and Sensible Estates in 4 nations- notably in Houston, Texas, UK, Dubai and now getting an inroad into Ghana, has unfold its tentacles to South Jap Nigeria, notable Aba, Enugu, Asaba, a pre-launch in Owerri and already in Abuja. The agency plans to maneuver to Kaduna.