Haldane McCall Joins Forces with Government and Key Stakeholders to Tackle Nigeria’s Housing Deficit
By Haldane McCall | December 27, 2024
Haldane McCall Plc, a newly listed real estate company, has launched an ambitious partnership with various stakeholders, including the Federal Government, Lagos State Government, and the Nigeria Labour Congress (NLC), to build affordable housing across Nigeria.
Key Details:
1. The N250 Billion Bond Initiative:
• Haldane McCall plans to raise N250 billion through bond issuance, in tranches of N25 billion, to fund affordable housing projects nationwide. ️
• This funding will kickstart the construction of thousands of affordable homes, targeting a housing deficit that continues to grow in Nigeria. ️
2. Housing Project Scope:
• The goal is to build over 10,000 housing units across the country, with a strong focus on affordability.
• The first phase of the project will include the construction of 12,500 homes, with 1,200 units slated for delivery in Lagos within the next five years.
3. Partnerships and Stakeholder Involvement:
• Key stakeholders include the NLC, Lagos State Government, and other partners focused on addressing the housing crisis in Nigeria. ️
• The company plans to work closely with the government to ensure timely delivery, with the Federal Government’s involvement focused on guaranteeing the projects before implementation begins.
4. Addressing Nigeria’s Housing Deficit:
• Haldane McCall’s initiative comes in response to Nigeria’s massive housing shortage, which has grown from 16 million units under late Governor Lateef Jakande’s tenure to 25 million due to population growth.
• The company’s bond funding aims to reverse the trend and prove that the real estate sector can be supported by capital markets.
5. Diversified Business Approach:
• In addition to real estate, Haldane McCall has a significant presence in hospitality, with plans to expand its hotel portfolio in Lagos and Abuja.
• Despite the economic challenges in Nigeria, the company remains committed to quality service and increasing occupancy rates.
6. Future Projects and Optimism:
• Haldane McCall is also pursuing exciting future developments, including a N16 billion skyscraper project in Opebi, Lagos, which will likely become the tallest building in the area. ️
• The company plans to expand its land bank and is exploring further opportunities in Abuja and beyond.
Looking Ahead:
Despite the economic challenges, such as inflation and high energy costs, Haldane McCall remains focused on its long-term goals of tackling the housing deficit and contributing significantly to the real estate landscape in Nigeria. The company’s innovative financing solutions and strong partnerships are set to make a lasting impact on the nation’s housing sector. ️✨
By Haldane McCall | December 27, 2024
Haldane McCall Plc, a newly listed real estate company, has launched an ambitious partnership with various stakeholders, including the Federal Government, Lagos State Government, and the Nigeria Labour Congress (NLC), to build affordable housing across Nigeria.
Key Details:
1. The N250 Billion Bond Initiative:
• Haldane McCall plans to raise N250 billion through bond issuance, in tranches of N25 billion, to fund affordable housing projects nationwide. ️
• This funding will kickstart the construction of thousands of affordable homes, targeting a housing deficit that continues to grow in Nigeria. ️
2. Housing Project Scope:
• The goal is to build over 10,000 housing units across the country, with a strong focus on affordability.
• The first phase of the project will include the construction of 12,500 homes, with 1,200 units slated for delivery in Lagos within the next five years.
3. Partnerships and Stakeholder Involvement:
• Key stakeholders include the NLC, Lagos State Government, and other partners focused on addressing the housing crisis in Nigeria. ️
• The company plans to work closely with the government to ensure timely delivery, with the Federal Government’s involvement focused on guaranteeing the projects before implementation begins.
4. Addressing Nigeria’s Housing Deficit:
• Haldane McCall’s initiative comes in response to Nigeria’s massive housing shortage, which has grown from 16 million units under late Governor Lateef Jakande’s tenure to 25 million due to population growth.
• The company’s bond funding aims to reverse the trend and prove that the real estate sector can be supported by capital markets.
5. Diversified Business Approach:
• In addition to real estate, Haldane McCall has a significant presence in hospitality, with plans to expand its hotel portfolio in Lagos and Abuja.
• Despite the economic challenges in Nigeria, the company remains committed to quality service and increasing occupancy rates.
6. Future Projects and Optimism:
• Haldane McCall is also pursuing exciting future developments, including a N16 billion skyscraper project in Opebi, Lagos, which will likely become the tallest building in the area. ️
• The company plans to expand its land bank and is exploring further opportunities in Abuja and beyond.
Looking Ahead:
Despite the economic challenges, such as inflation and high energy costs, Haldane McCall remains focused on its long-term goals of tackling the housing deficit and contributing significantly to the real estate landscape in Nigeria. The company’s innovative financing solutions and strong partnerships are set to make a lasting impact on the nation’s housing sector. ️✨