How Adron Homes is addressing Nigeria’s housing deficits

Nigeria, Africa’s most populous nation and biggest economy in the continent, is struggling with two major critical socio-economic challenges.

These are a severe 25 million units housing deficit and the rising cost of food. These challenges have worsened in the last few years, making life increasingly difficult for 80 per cent of the 233 million population. It is therefore encouraging that the private sector has entered to assist the government to address the housing deficit.

One of the private sector players in the multi billion Naira real estate sector is Adron Homes, a firm that entered into the real estate market about 12 years ago to complement government efforts to tackle the deficit by providing affordable houses to teeming Nigerians.

The challenge of housing goes beyond gender, tribe and education. It cuts across Nigerians. Housing deficit simply refers to the shortage of adequate, affordable, and quality housing for a population.

Presently in Nigeria, the housing deficit is estimated to be over 25 million units. And as Nigeria’s population grows from about 184 million in 2015 to about 223 million in 2023, the demand for housing also increases. This makes it a critical challenge that requires urgent solutions from both the government and private sector.

Unfortunately, the provision of houses is not growing in the same mathematical proportion due to many factors including rapid high construction costs, inadequate government policies, and limited access to mortgage financing.

In 2012, Adron Homes and Properties, a foremost real estate company in Nigeria, decided to take the bull by horns to tackle the perennial problem of housing deficit by actively working to bridge the housing gap through several strategic initiatives. Its vision is simple: To redefine Nigeria’s landscape with quality and affordable housing.

With the understanding that the biggest barrier to homeownership is the high cost of outright purchases, Adron Homes set from the beginning to provide affordable housing options for middle- and low-income earners.

Under its proactive management, led by Aare Adetola EmmanuelKing, supported by Aderonke EmmanuelKing as Vice Chairman and Adenike Ajobo as Managing Director for the Group, the firm develops estates in strategic locations around the country and offers flexible payment plans, allowing more people to own homes without financial strain.

The firm also offers installment payment options that allow buyers to spread payments over months or years, making homeownership more accessible. It has invested in housing projects across Nigeria including in Lagos, Ogun, Oyo, and Abuja. These estates cater to different income levels, ensuring that both middle-class and lower-income earners have access to quality homes.

Adron Homes is not only providing housing to Nigerians to assist in curbing housing deficit, it is also providing jobs. From its activities, it is creating jobs for its staff, architects, engineers, artisans, and suppliers, contributing to economic development.

It has also embarked on Corporate Social Responsibility programmes to empower the society. Some of the CSR projects include support to the elderly and donation of protective materials to the Nigeria Police Force in the six western states worth N20 m, according to its website and it has made monetary donations to other communities.

Adron Homes aims to be a leading Pan African real Estate development company that will provide the highest number of decent, accessible , comfortable and affordable housing while achieving global housing standard needs government and private sector support in reducing housing deficit. This will require collaborations and partnerships and easy accessible loans to provide affordable housing to Nigerians.

There is no doubt that the housing deficit in Nigeria remains a major issue to government, individuals and organisations but it is exciting that companies like Adron Homes are playing a crucial role in addressing the issue through affordable housing schemes and flexible payment options. By continuing its innovative approach, the company is helping to close the housing gap and improve living conditions across the country.