Expert urges reforms to boost real estate and hospitality sectors
Nigeria’s real estate and hospitality sectors face hurdles due to high costs, infrastructure gaps, and complex regulations, according to Dr Edward Akinlade, Group Managing Director and CEO of Haldane McCall Plc. He emphasized the need for lower-cost financing, better infrastructure, and simpler land and tax policies to attract investment. Akinlade highlighted the company’s ongoing projects and strategic focus on expanding its development pipeline. He also noted that Haldane McCall paid its 2025 dividend, fulfilling a prior commitment.
TLDR
- Dr Edward Akinlade called for improved access to long-term financing, faster land-title registration, and stable policies.
- He urged the government to expand infrastructure and strengthen public-private partnerships for large-scale development.
- The hospitality sector is challenged by high energy costs, expensive financing, and weak consumer spending.
- Haldane McCall has started Phases 2 and 3 of its Mile 12 project and completed a joint venture for new apartments in Lagos.
- The company paid its 2025 dividend and aims to balance value distribution with reinvestment in future projects.
