28m Housing Deficits: Peniel Investment, Development LLC Brainstorm For Solution
December 8, 2023
Firm initiates plan to address Nigeria’s housing deficit
January 9, 2024
United States-based real estate investment firm, Peniel Investment and Development LLC, plans a groundbreaking US-Nigeria Real Estate collaboration, which will generate $500 million in transactions and investments, as well as provide a catalyst for transformative change.
Nigeria currently grapples with a staggering housing deficit of 22 million units, requiring an astronomical N21 trillion to bridge the gap, as per expert estimates.
Recognising that the solution extends beyond governmental capacity, the Chief Executive Officer, Peniel Investment and Development LLC, Mr. Ibukunoluwa Otinwa, said the company’s initiative aims to empower citizens both at home and abroad to actively engage in resolving this critical issue.
He said the forthcoming five-day conference, exhibition, and business dinner slated in Texas, during August 2024, promises to unite real estate investors, private investors, real estate developers, brokers, realtors, individuals, celebrities, and government dignitaries from both nations.
This immersive experience will include a comprehensive programme featuring a conference with distinguished speakers from the US and Nigeria, three exhibitions, an engaging business dinner night, and illuminating site tours.
“The US-Nigeria Real Estate Collaboration represents a beacon of hope in addressing Nigeria’s housing crisis through international cooperation and shared commitment,” said Otinwa, even as he shed some light on the status of his organisation.
His words: “Our mission is to provide good real estate investment and development to every human being with respect to their social and ethnic backgrounds.
“On the other hand, our vision is to be a world-class real estate investment and development company by creating exclusive comfortable lifestyles for human beings, animals, and plants.”
Source:
