Afriland Properties’ shareholders get 150% dividend growth

Shareholders of Afriland Properties Plc yesterday approved 150 per cent increase in dividend payout as the property company saw significant growths in its revenue and profitability.

She said Afriland Properties has proven itself as one of the largest property companies in the country with its portfolio size of over N14 billion and one of the largest land banks in Nigeria. He said the company would explore more opportunities in the sector to unlock its full potential to pave the way for long-term growth and development.

Managing Director, Afriland Properties Plc, Uzo Oshogwe, said the continuing development and completion of major proprietary projects were some of the drivers contributing to the impressive financial performance of the company. She said the company would take advantage of the federal government and subnational policies gear towards providing housing to the citizens.

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