Group Managing Director of Nedcomoaks, Kennedy Okonkwo, has urged Federal Government to adopt a workable mortgage as a lasting solution to housing challenges.
Speaking at the company’s Dream to Keys project in Lagos, Okonkwo stressed affordability — not availability — is the barrier to home ownership.
“Our major problem is not a shortage of houses but inability of average Nigerians to afford them. If a functional mortgage is in place and well implemented, housing deficit will shrink,” he said.
Okonkwo, a property developer, has continued to champion affordable and eco-friendly housing through Citadel View Estates 1.0 and 2.0—Nigeria’s first solar-powered residential communities.
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He said Citadel View initiative was born out of the energy crisis that deepened during COVID-19. Rising energy costs and unreliable power supply, he said, inspired his vision to develop homes that generate their power through solar energy, reducing residents’ dependence on the national grid.
“During COVID, we pondered, what if homes could power themselves? That gave birth to a movement,” he said. “Today, the dream is reality—proof sustainability goes with comfort and affordability.”
Since completion of Citadel 1.0, and handover of Citadel 2.0 in 2023, Nedcomoaks has expanded with Citadel 1.0 Phase B, incorporating solar systems that guarantee 24-hour power, ushering in energy independence and comfort.