- Projects $500m investments towards sector
In a bid to address Nigeria’s pressing housing deficit, Peniel Investment and Development LLC, a United States-based real estate investment powerhouse, founded by Nigerian visionary, Mr. Ibukunoluwa Otinwa, is set to orchestrate a groundbreaking US-Nigeria Real Estate Collaboration Conference and Exhibition.
This pivotal event is slated to unfold in Texas, US, in August 2024.
According to Otinwa, Nigeria is currently grappling with a staggering housing deficit of 28 million units, requiring an astronomical N21 trillion to bridge the gap.
Recognising that the solution extends beyond governmental capacity, his initiative aims to empower citizens both at home and abroad to actively engage in resolving this critical issue.
The forthcoming five-day conference, exhibition, and business dinner, is set to unite real estate investors, private investors, real estate developers, brokers, realtors, individuals, celebrities, and government dignitaries from both nations.
Mr. Otinwa envisions the event to generate a substantial $500 million in transactions and investments, providing a catalyst for transformative change.
This immersive experience would include a comprehensive programme, featuring a conference with distinguished speakers from the US and Nigeria, three exhibitions, an engaging business dinner night, and illuminating site tours.
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“The US-Nigeria Real Estate Collaboration Conference and Exhibition 2024 represents a beacon of hope in addressing Nigeria’s housing crisis through international cooperation and shared commitment,” he said.
even as he assured that Peniel Investment and Development LLC hope to provide good real estate investment and development to every human being with respect to their social and ethnic backgrounds.
“On the other hand, our vision statement is to be a world-class real estate investment and development company by creating exclusive comfortable lifestyles for human beings, animals, and plants.
“In terms of our core values, we see the customers’ satisfaction as our happiness; we focus on solutions; we believe in teamwork; and we target greatness through continuous improvement.”