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Real Estate Challenges: BSTAN GROUP President Solicits Government Support

Published

4 years ago

July 9, 2021

JOEL AJAYI

To mitigate the burden of housing Nigerians, the Government at all levels has been urged to provide support for the real estate in the country a request if granted would go a long way in solving real estate challenges in the country.

The President of BSTAN Group a real estate firm, Dr. Becky Olubukola made the plea while addressing pressmen in her Abuja office saying that the real estate business has the potential to grow the Nigerian economy.

Also, Dr. Olubukola admonished government to develop better ways of helping Nigerians, particularly real estate firms to provide affordable housing to its citizen

She stated that, the housing deficit is at 22 million now, and was at 17 million six years ago.

It will be recalled that, before now, Dr. Olubukola has been canvassed with other stakeholders in the industry to implore the Nigerian Government to concentrate on the real estate sector.

According to her, Nigeria as a Nation must do better to cater to its citizens.

“The government must aggressively engage the private sector in resolving Nigeria’s housing and property ownership issues.

“A policy framework in terms of supportive regulations and increased access to financing would provide the real estate sector with much-needed stability and development. The government can concentrate on providing geographic incentives like tax breaks, grants, and major reductions to incentivize property developers to build in semi-urban and fewer luxury locales, making it simpler for Nigerians to buy houses.”

BSTAN CEO added that: “2020 was an unusual year in the history of mankind, everyone around the world dashed into the year with bags of dreams and wishful thinking.

“What seemed like a prosperous year quickly turned into a year of global disaster, and everyone was fighting and struggling to stay alive.

“There was a standstill for months during the lockdown and staggering businesses were quick to collapse, people lost their jobs, a lot of people got evicted from their homes, life comes at us fast.”

It’s also on record that even before the pandemic year, HRH (DR.) Olubukola has been advocating for quality and affordable housing for the over 14 million homeless Nigerians. She saw the future when she implored the Government to invest in the real estate sector, as it can boost Nigeria’s GDP by 30 to 35 percent.

Speaking on the issue of lack of employment and insecurity in the countr Dr. Becky stated that an investment in the real estate sector is an investment in security, youth empowerment, job security, and health care. Most people fall sick from living in an unhealthy environment. That explains the quality of IDPs’ health.

“It is tough to claim that shelter is not a basic human necessity. Everyone in our society should have the right to decent, affordable homes. The explanation is simple: without a secure home, all else crumbles. Housing, along with food and clothes, is usually recognized as one of the most basic human necessities. It is also a major indicator of a person’s level of life and, in some cases, of a person’s place or standing in society.

According to Dr. Becky, it is the first and most essential of all rights. According to her, housing is now a right because of the importance attached to its provision, as well as the fact that housing, in all its ramifications, is more than just shelter because it encompasses all social services and utilities that contribute to making a community or neighborhood a livable environment.

“The Abuja real estate sector is volatile, and the Government isn’t making things easy. If Nigeria must solve the 22 million housing deficit. The government must partner with Stakeholders such as BSTAN Group to power our housing sector and boost our GDP by 35 percent.”

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Featured

Nigeria’s Historic Bid for the 2030 Commonwealth Games: A Call for National and Global Support

Published

6 days ago

September 30, 2025

The Gleamer

Joel Ajayi

Nigeria is poised to make history as it seeks to host the Centenary Commonwealth Games in 2030, a monumental opportunity that promises to transform the nation’s economy, infrastructure, and global standing.

More than a sporting spectacle, the Games would serve as a catalyst for development across multiple sectors, leaving behind a legacy of national pride and sustainable growth.

The benefits of hosting the Games extend far beyond the sports arena. Nigeria stands to gain both empirical and non-empirical advantages, with direct, indirect, and induced impacts that will touch every corner of society. Infrastructural development will take center stage, with new facilities such as indoor sports halls, conference centers, and improved road networks reshaping urban landscapes while strengthening the nation’s capacity to host future international events.

Economic growth is another significant dividend. Over 10,000 jobs are expected to be created, spanning construction, facility management, event planning, and tourism services.

The hospitality industry will undergo major improvements as hotels and resorts are upgraded to meet international standards, while local restaurants, lounges, and tourist attractions will see a surge in patronage from international visitors. Small and medium enterprises, particularly in the transport, finance, and food service sectors, will become some of the greatest beneficiaries, as the Games generate new demand and expand opportunities for local businesses.
The Commonwealth Games will also accelerate the growth of Nigeria’s sports industry.

Investments in training facilities, coaching, and talent development will inspire a new generation of athletes, ensuring long-term benefits that extend beyond 2030, a major focus of the President Bola Tinubu administration.
At the same time, the process of preparing for the Games will create opportunities for Nigerians to learn new crafts, acquire technical skills, and engage in global-standard event management, thereby strengthening human capacity and innovation across industries.

Mallam Shehu Dikko, Chairman of the Nigeria Sports Commission, and Hon. Bukola Olopade, the Director General, have been widely recognized for their tireless and visionary leadership in repositioning Nigeria’s sporting sector.

Their commitment to facilitating infrastructural development and strengthening grassroots sports development has laid the foundation for Nigeria’s bold bid to host the 2030 Commonwealth Games. Under their leadership, the NSC is fostering strategic partnerships and driving innovation in sports administration, they have demonstrated the nation’s readiness to stage an event of such global magnitude.

Beyond the tangible gains, the hosting of the 2030 Commonwealth Games carries profound symbolic value. It would be a moment of unity and pride, a chance for Nigeria to showcase its cultural richness, resilience, and excellence to the world.
As a centenary edition, the Games would stand as a historic milestone not just for the Commonwealth but for Nigeria itself, cementing its place on the global stage as a capable, ambitious, and forward-looking nation.

The gains from hosting the Commonwealth Games can never be undermined or overemphasized. This is Nigeria’s time to step forward and show the world our resilience, and excellence. We call on every Nigerian, across sectors and communities, to support this noble aspiration.

Nigeria’s pursuit of the 2030 Commonwealth Games is a vision for transformation, a blueprint for national development, and a legacy project that will inspire generations to come.

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