✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters

Financing biggest challenge to housing development in Nigeria – Big Homes

The Managing Director of Big Homes, a real estate firm, Mr Topsy Essien, has said financing is a major challenge facing housing development in Nigeria.…

The Managing Director of Big Homes, a real estate firm, Mr Topsy Essien, has said financing is a major challenge facing housing development in Nigeria.

Essien said this while commissioning Big Homes’ new housing project in the Mabushi area of the Federal Capital Territory at the weekend in an effort geared towards providing affordable homes for Nigerians.

He noted that developers need financial assistance from the federal government to be able to meet the huge housing needs of Nigerians.

Speaking during the unveiling of the housing project, Bello’s Court and Zee Project, the managing director of Big Homes said the project started less than two years ago, despite numerous challenges.

He said, “The building we have here is a state-of-the-art project fitted with surveillance cameras, an automated gate, and a biometric entrance.

“We are unveiling a six-bedroom stand-alone triplex and four-bedroom semi-detached terrace duplex.”

Also speaking, Bertha Kingsley, Big Homes Lead Sales Broker, said; “We are happy about the unveiling of our projects today.

“What we have here is The Bello’s Court and Zee Project.

“Big Homes is known for having the most affordable housing in Abuja and all our projects are located at prime locations. We have over 12 projects so far in Mabushi.

“We have 6 units of terrace duplex going for only N39million, at a discounted rate for you here today, but the actual price is N44.5m.”

On Big Homes plans, she said, “Big Homes is all out to providing affordable, luxury housing for Nigerians.

“By 2022 we will be launching into building 1,2,3-bedroom flats. We’ve been dealing in duplexes, so now we will be going into what many people can subscribe to and buy.”