Hope is on the horizon for young Nigerians who crave to own their own homes as an estate developer has revealed its plans to build for that class of people in its next phase of development.
The developer, 7-Fifteen Capital, an Abuja-based property investment and development firm, explained that they are fundamentally luxury real estate developers but are planning to do affordable housing, which young people will be able to buy without stress.
“The luxury market is very narrow, and we do believe that if we’re trying to help to bridge the housing deficit, which is huge in Nigeria, we just have to make the shift. So, definitely, we’re going to do that. It’s in the works already. But we have to find creative ways to deliver affordable homes,” Tope Adekoya, Co-founder and CEO, 7-Fifteen Capital, stated.
Adekoya spoke at the launch of the firm’s entry into the Lagos market. The launch, which had Babajide Sanwo-Olu, the Lagos State governor, in attendance, was a significant milestone for the firm, as it marked its expansion into Nigeria’s commercial capital and one of Africa’s most vibrant property markets.
Sanwo-Olu emphasized the critical role that real estate developers play in driving urban growth and addressing the state’s housing needs. He introduced the 7-Fifteen Foundation, a philanthropic arm focused on social welfare and community impact, aligning private real estate development with broader social responsibility initiatives in the region.
