Ambassador Dr. Peter Orobor, MD/CEO of Jingle Bells Corporate Services Ltd, speaking on affordable housing solutions during the company’s dinner and award night in Abuja.
As rising rents and escalating construction costs continue to worsen Nigeria’s housing deficit, private real estate developers are introducing flexible land ownership models to help low- and middle-income earners secure affordable homes in the Federal Capital Territory (FCT).
Ambassador Dr. Peter Orobor, Managing Director and Chief Executive Officer of Jingle Bells Corporate Services Ltd, disclosed this while speaking on the sidelines of the company’s dinner and award night organised in Abuja to honour clients for their contributions to its growth and impact on society.
Dr. Orobor said private developers are increasingly allowing Nigerians to purchase land within estates and build gradually, rather than relying solely on outright house purchases, a move he described as critical in the face of rising living costs.
“Many developers have made it possible for people to own land and houses by allowing them to buy plots and build at their own pace. We have helped many clients own homes they never imagined they could afford,” he said.
Affordable Land in Emerging Abuja Corridors
According to Orobor, Jingle Bells Corporate Services operates estates in Lugbe, Kuje, Zuba and Gunku, areas he described as emerging growth corridors with strong future value.
He disclosed that land prices within the estates range from ₦500,000 to ₦3 million, depending on location, ensuring that different income groups are accommodated.
“We ensure that all classes of income earners are captured in our housing plan. We build to sell, and we also allow people to buy land and build gradually,” he added.
Regulatory Bottlenecks
Despite these initiatives, Orobor identified regulatory bottlenecks, multiple approvals, court-related disputes and high land acquisition costs as major challenges confronting the real estate sector.
He noted that unlike in other countries where governments provide land or low-interest loans to developers, Nigerian developers often purchase land at market rates, making affordability difficult.
“Funding is a major challenge because land is not allocated free. You cannot sell below what you bought, yet you are targeting low- and middle-income earners,” he explained.
Improved FCT Reforms Bring Relief
Orobor acknowledged recent reforms by the Federal Capital Territory Administration (FCTA), ;ed by the minister Nyesom Wike, noting that the improved oversight has helped curb land grabbing, double taxation and overlapping approvals in Abuja.
“Estate developers are partners in progress. We do the right thing, and the government supports the right thing,” he said.
“We gather here today to recognise the efforts and contributions of our partners, clients as well as staff for their contributions to shaping the society”
Call for Infrastructure, Mortgage Access
Chairman of the occasion, Ambassador Dr. Fidelix Okparaoha, urged the government to extend infrastructure to satellite towns such as Kuje and Kubwa, saying improved roads and services would fast-track estate development and reduce pressure on city centres.
He also stressed the need to expand access to the Federal Mortgage system, including long-term repayment plans of up to 25 years, to help salaried workers afford homes.
Latest News
- No Recruitment Ongoing, Beware of Fraudsters-NMDPRA
- Nigeria Cuts Oil Block Entry Fees, Opens 50 Fields
- CBN Allows Temporary Use of Expired NAFDAC Licenses to Ease Imports
Savings-Based Model for Low-Income Earners
Also speaking, Ambassador Abdullahi Indah, General Manager of Jingle Bells Corporate Services Ltd, announced plans to introduce an “Adashi” contribution model, allowing prospective homeowners to save daily, weekly or monthly toward owning property.
“People should not wait for government alone. With discipline and structured savings, everyone can become a landlord,” Indah said.
He assured the public of transparent documentation, secure banking processes and verifiable payment records to address trust concerns in the real estate sector.
About the Author
