ATCO Homes, a thriving real estate firm with sprawling estates in the top locations of Lagos, has reiterated its commitment to ensuring citizens and expatriates gain access to affordable housing.
The firm disclosed that it is poised to drive foreign direct investment in the country through robust delivery of high yielding real estate products as the impact of the pan African trade agreement widens.
According to Mr Bartholomew Egbochie, Chief Executive Officer, ATCO Homes the pan African trade agreement, precisely the African Continental Free Trade Area (AfCFTA), has the potential to lift more than 30 million people out of poverty through wider trade and economic integration as the continent’s sagging intra-trade level, standing at 15% of all trade engagement, is reinvigorated.
He observed that the movement of people and goods across borders would come under sharp focus as the visa regimes are relaxed to ease access to key commercial cities in Sahara and sub-Saharan Africa, especially among countries that have signed off on the agreement. This intra-trading effort, he maintained, would stimulate an increased influx of investors and traders in the country leading to high demand for accommodation in places such as Lagos.
According to him, “The influx of foreigners in the country for trading and tourism will increase the demand for affordable housing. Meanwhile, the current housing units in Nigeria are far below the total demand.”