Real estate developers have called for urgent reforms in land administration and increased investment in infrastructure, saying these steps are essential to addressing Nigeria’s growing housing deficit and improving sector performance.
The Chief Operating Officer and Co-Founder of Flinx Realty Ltd, Bright Okereke, stressed that access to financing, efficient land systems, and reliable infrastructure remain key barriers slowing down housing delivery across the country.
According to him, without coordinated policy support in these areas, the pace of housing development will continue to lag behind rising demand driven by population growth and rapid urban migration.
Okereke made the remarks during the handover of the company’s new residential development, the Bristol Apartment project, located in Surulere, Lagos. The project forms part of a growing cluster of residential developments along the Yaba–Surulere corridor, one of Lagos’ high-demand real estate zones.
He noted that Nigeria’s housing shortfall runs into millions of units, with urban centres such as Lagos experiencing the most pressure. He added that real estate development has become a key driver of economic activity, influencing employment, construction supply chains, and professional services.
“Each completed housing project contributes across multiple layers of the economy, from construction and building materials supply chains to professional services such as architecture, legal, and finance,” he said.
Okereke also emphasised that areas like Yaba and Surulere continue to attract strong investor interest due to their proximity to commercial districts and emerging technology hubs, which support rental demand and property value growth.
Chief Executive Officer of Flinx Realty Ltd, Odunbaku Adigun, highlighted the importance of consistent project delivery in strengthening confidence in the real estate sector, particularly among investors who are often wary due to delays and abandoned developments.
“There is a segment of the market that talks about what they will build. We show people what we have already built. Bristol is the latest answer to anyone still deciding whether Flinx Realty is a credible developer,” Adigun said.
He added that steady completion of housing projects in urban centres could help stabilise the sector and attract more long-term investment into real estate development.
With several ongoing projects across Lagos, the firm said attention is increasingly shifting toward the broader economic impact of real estate activity, particularly its role in supporting infrastructure growth and long-term urban development.
