Lanre Shonekan Shares Solutions On How Nigerians Can Own Homes

Nigerians are encouraged to take advantage of the enabling environment being provided by the government to own homes.

The Chief Executive Officer of LASHONE Links Group of Companies, Dr Lanre Shonekan, said that at the 7th Annual Stakeholders and Real Estate Investment Forum of the firm held in Lagos at the weekend.

Shonekan, in a conversation with The Nation, said with an efficient mortgage system, more Nigerians would be able to own homes. However, many are not informed on how to go about the processes.

Because of the high cost of building, his firm has been working on how to provide cheap and efficient houses, using different materials, and at the same time training people in real estate development and management. His firm is now in partnership with another firm that specialises in a technology that allows building with containers; this technology makes it possible to own a two-bedroom apartment with about N1.5 million.


“We are exploring ways of delivering quality houses at very affordable costs to our people, and we have partnered with a reputable mortgage bank to make this possible. The 18 estates we have is a testimony to our desire to make more Nigerians homeowners at relatively low cost,” Shonekan said.

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He also notes that, because of his belief in equipping people for the future, his firm also organises skill acquisition programmes, and affords the trainees access to loans to fund their business.

Its mortgage partners, AG Mortgage Bank, Plc, through its head of business development, Mr Chibuzor Ifenkwe, noted that citizens depending on the government is not the way out of recession, but by having skills that are meaningful and relevant.


The bank has been in the partnership for a while, helping graduates of Lashone Links Business School. “We know very much that government cannot generate employment that would go round and when you see people that are ready to be supported, the bank is willing to do that,” Ifenkwe said. adding that



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