The Managing Director and Chief Executive Officer of First Bank of Nigeria Limited, Olusegun Alebiosu, has called for stronger government intervention in Nigeria’s housing sector, saying it is necessary to make homes affordable for millions of Nigerians.
Speaking with journalists on the sidelines of the Chief Executive Officers’ Forum at the 20th African International Housing Show in Abuja, Alebiosu said increasing housing supply would help reduce property prices and improve access to decent accommodation.
“We need to increase the supply of houses because when supply meets demand, prices will come down and more Nigerians will be able to afford decent homes,” he said.
The FirstBank chief also urged Nigerians to view housing as a long-term investment, describing home ownership as one of the most reliable ways to build wealth and secure their financial future.
“I encourage Nigerians to invest in housing because owning a home is one of the best ways to build wealth and secure their future,” Alebiosu said.
