Lekki Gardens Estates Limited, Nigeria’s foremost real estate investment company, has signed the Twenty-Five Billion Naira Commercial Paper approved for the company by the. The signing ceremony was held on Wednesday, June 22, 2022, at the company’s corporate head office in Banana Island, Lagos.
The signing ceremony was attended by all the professional parties in the transaction, including Boston Advisory Limited, who acted as the Arranger/Dealer/Issuer and Paying Agent; United Capital Trustees Limited as the Trustees; Keystone Bank as Paying and Collecting Agent; SIAO as Auditors and TOLG as Solicitors.
“Real estate is very local; it is a matter of choice for the customers. This type of funding helps us assist our customers with pseudo-mortgage support. And it helps our business to strengthen the delivery system that we already have ongoing. That is the key thing we are trying to do- making our business stronger, more solid, and strategic in its ability to deliver to our esteemed customers,” he added.
“The housing deficit in Nigeria is estimated at about 17 million. The question is, how do you begin to bridge that gap? It is by taking baby steps like we did today. Also, supporting the market, and one thing that is missing in the game is the private sector. Lekki Gardens having access to good funding for housing delivery is amongst the little things we can do to support the housing deficit and bridge the gap,” he said.
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