The Nation Newspaper

Category: Money

  • Unified identity data to end predatory lending, says eTranzact

    Unified identity data to end predatory lending, says eTranzact

    Chief Executive Officer, eTranzact Plc, Niyi Toluwalope, has called for a unified and tokenized national identity system to expand access to affordable credit and eliminate the exploitation of Nigerians by loan sharks.

    He made the call during a stakeholders’ engagement themed “Shaping the Future of Payments: Balancing Regulation and Innovation,” where he highlighted the structural gaps in Nigeria’s credit and identity ecosystem.

    According to him, predatory lending continues to flourish because many Nigerians urgently need funds during emergencies and are forced to accept loans at exorbitant and unsustainable interest rates.

    “The people making money are lending to those who desperately need it now. They take loans at impossible rates because they are desperate, and then they can’t meet up,” he said.

    Toluwalope stressed that Nigeria must deliberately build a system that allows people with regular and identifiable income, such as security guards, drivers, and other salary earners to access legitimate credit.

    “Let’s create a system where anybody with regular, identifiable income can access credit, so that the emergency loan shark model naturally disintegrates,” Toluwalope said.

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    The eTranzact CEO described the Bank Verification Number (BVN) as Nigeria’s most reliable financial database, noting that it has matured over time and remains secure because it is closely tied to financial transactions.

    “The BVN is a fantastic database. It’s matured, it’s secured, and because it’s tied to money, people pay attention to it,” he said.

    However, he argued that Nigeria must go beyond BVN by strengthening and expanding the National Identification Number (NIN) framework to create a unified national identity system that links individuals to income and location.

    Drawing a comparison with developed economies such as the United States, Toluwalope noted that credit systems thrive where financial footprints are fully traceable.

    “In the US, your social security number, credit score, title, and everything you do are tracked across the 50 states. You can’t run anywhere; it will come up,” he explained.

    Toluwalope also advocated for the tokenization of identity to eliminate repetitive Know Your Customer (KYC) processes across banks and financial institutions.

    “Why do I have to submit the same KYC every time I open an account? Let’s tokenize identity and secure it with OTP,” he said.

    He added that a system where identity data is updated automatically whenever changes occur would support credit cards, utilities, and other financial services, while strengthening trust, accountability, and financial inclusion in Nigeria.

  • NGX Group, others expand social impact project

    NGX Group, others expand social impact project

    Nigerian Exchange Group Plc (NGX Group), in partnership with the Lagos State Government and the Health Emergency Initiative (HEI), has extended its social impact project to Alimosho Local Government Area, continuing efforts to address child malnutrition in underserved communities across Lagos State.

    The latest outreach was the third under the initiave, known as Bringing Life to Our Overlooked Minors or Project BLOOM. The outreach was held in Alimosho within Lagos State Health District I and reached over 120 malnourished children, providing nutritional support, medical screening, and caregiver education.

    This followed earlier interventions in Yaba and Ajegunle, which have collectively supported over 320 children and 300 caregivers, with monitoring data showing that more than 50 per cent of beneficiaries in the first two phases entered recovery.

    NGX Group staff volunteers worked alongside Lagos State health workers and HEI facilitators during the outreach, assisting with screenings and data recording. Structured follow-up visits are scheduled after four weeks to monitor recovery and provide extended care where necessary.

    Group Managing Director, Nigerian Exchange Group (NGX Group) Plc, Temi Popoola, said the initiative has broad implications for national economic resilience.

    He said: “Sustainable capital markets are built on strong social foundations. The recovery rates we see with Project BLOOM prove that targeted, collaborative action between the public sector, civil society, and the private sector can deliver tangible impact”.

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    Executive Director of HEI, Achunine Pascal, said child malnutrition remains a major contributor to under-five mortality in Nigeria, adding that Project BLOOM is designed to go beyond immediate food support through structured follow-up and continued care.

    Chairman, Alimosho Local Government Area, Honourable Akinpelu Ibrahim Johnson, said the initiative supports the council’s long-term strategy for improving child nutrition through early detection, prevention, and effective management of malnutrition. Representing the Permanent Secretary, Lagos State Health District I, Dr. Solomon Adeyanju commended NGX Group for its commitment to child health, describing Project BLOOM as a valuable complement to the state’s primary healthcare efforts.

    With additional outreaches planned, the partners reaffirmed their commitment to reducing preventable child mortality while strengthening the social foundations required for sustainable economic growth.

  • PwC Nigeria, CEOs, others brainstorm on economic outlook

    PwC Nigeria, CEOs, others brainstorm on economic outlook

    PwC Nigeria will host the second edition of its Executive Roundtable on Nigeria’s 2026 Budget and Economic Outlook on Thursday.

    The session will bring together chief executives and C-suite leaders to examine how businesses can navigate Nigeria’s 2026 economic environment and position for sustainable growth.

    The roundtable, being organised in collaboration with BusinessDay, is themed “Nigeria’s Economic Outlook 2026: The Executive Playbook for Growth, Resilience, and Efficiency.”

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    Country Senior Partner, PwC Nigeria, Sam Abu said discussions would be anchored on insights from PwC’s Economic Outlook 2026 and analysis of Nigeria’s 2026 Budget and will also feature the formal launch of Nigeria’s findings from PwC’s 29th Annual Global CEO Survey.

    He noted that the roundtable comes at a point where Nigeria has entered a phase of improved macroeconomic stability following key monetary, foreign-exchange, and fiscal adjustments in 2025.

    According to him, for business leaders, the focus has now shifted from stabilisation to driving sustainable growth.

    He said: “Nigeria has achieved improved macroeconomic stability over the past year. The focus now is how that stability is translated into sustainable economic growth, and how businesses position for 2026. This roundtable brings together CEOs across industries to engage on the practical choices that matter most in the year ahead — from capital allocation and balance-sheet discipline to resilience strategies, policy dependencies, and sector-specific opportunities.

    We look forward to having business leaders discuss using today’s stability to drive sustainable outcomes for their organisations and the wider economy.”

    The PwC and BusinessDay Executive Roundtable on Nigeria’s 2026 Budget and Economic Outlook is by invitation only and targeted at senior business leaders.

  • Heirs Holdings appoints new directors

    Heirs Holdings appoints new directors

    Heirs Holdings has appointed Obinna Ufudo and Sola Yomi-Ajayi as non-executive directors. The new directors bring extensive expertise in finance, energy, governance, and global markets and their appointments demonstrate Heirs Holdings’ ongoing commitment to strong corporate governance.  

    Yomi-Ajayi has over 30 years of experience in financial services, governance, regulatory engagement, and enterprise risk management. She previously served as an Executive Director of the United Bank for Africa (UBA) and was CEO for UBA’s International Business, as well as Country CEO for UBA America.

    She also sits on the boards of UBA United Kingdom (UK), the Business Council for International Understanding (BCIU) and is a member of the OECD Blue Dot Network Executive Consultation Group.

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    She was previously a member of the Sub-Saharan Africa Advisory Committee of the US Export-Import Bank (US EXIM) and on the Board of Trustees of the Institute of International Banking (USA). 

    Sola holds a Masters in Business Administration degree from the Aberdeen Business School, Robert Gordon University. She is a Fellow of the Chartered Management Institute (UK) and a member of the Association of MBAs. Additionally, she holds a Corporate Governance Certificate from the Wharton Business School, University of Pennsylvania and, a Leadership Certificate from the Harvard Business School.

    Ufudo brings over 30 years of leadership experience across banking, investment, energy, and corporate transformation, having previously served as Executive Director and Chief Operating Officer at Heirs Holdings.

    He served as President and Group CEO of Transnational Corporation of Nigeria (Transcorp), where he led a successful turnaround and executed the landmark acquisition of the Ughelli Power Plant.

    He is aso the Founder and Chairman of Atiat Leasing Limited and Co-Founder and Chairman of LoanBook Limited.  Obinna holds advanced executive and postgraduate qualifications from the Wharton School (AMP), University of Reading (M.Sc., Chevening Scholar), and IESE Business School (Executive MBA). He is a Fellow of the Chartered Institute of Bankers of Nigeria.     

    Commenting on the appointments, Heirs Holdings Founder and Group Chair, Tony O. Elumelu, said: “We are pleased to welcome Obinna Ufudo and Sola Yomi-Ajayi to the Board of Heirs Holdings. Both Obinna and Sola are role models for Africapitalism. Their depth of experience and track records will further support our leadership in Pan African proprietary investment; together, they bring highly relevant experience for our portfolio development.”

  • Royal Exchange reshuffles board

    Royal Exchange reshuffles board

    Royal Exchange Plc has reshuffled its boar, appointing Ikeme Osakwe as its new chairman. This is as it further strengthens its leadership team amid the ongoing repositioning exercise.

    In notifications to the Nigerian Exchange Limited and the Securities and Exchange Commission (SEC), dated January 22, 2026, the organization said Osakwe’s appointment followed the retirement of Kenny Ezenweani Odogwu with effect from the above date.

    Following the changes, the board now consists of Ikeme Osakwe (Chairman), Chief Anthony Idigbe, SAN, Senator Sanusi Mohammed Daggash, Mr. Ezekiel Onilude, Ms Pamela Yough, Mr. Afolabi Caxton and Mrs. Idu Okeahialam (Managing Director).

    Addressing investors, shareholders, employees and other market participants, the new chairman described the board changes and ongoing restructuring as important steps in advancing Royal Exchange PLC’s strategic objectives, towards creating a sustainable, improved results for all stakeholders.

    Osakwe is a seasoned public and private sector financial management specialist with extensive experience in corporate governance and public finance. He holds bachelor’s and master’s degrees from the University of Oxford and is an Associate Member of the Institute of Chartered Accountants in England and Wales and a Fellow of the Institute of Chartered Accountants of Nigeria.

    He currently serves on the boards of Oando Plc and other organizations and previously served on the Governing Board of the Federal Inland Revenue Service, where he chaired the Board Committee on Revenue and Finance. The Board is confident that he will provide strong leadership in advancing the Company’s strategic objectives and corporate governance standards.

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    Last year, the organization appointed veteran financial expert, Idu Okeahialam, as Group Managing Director (GMD) and Chief Executive Officer as part of measures to strengthen its next growth phase.

    Reaffirming its commitment, Idu said the group’s dedication to excellence and customer satisfaction remains steadfast, adding that new initiatives have been launched to boost strong long-term growth, including resuscitation of its trustee business.

    In the financial year ended March 31, 2025, Royal Exchange Plc posted a profit after tax of N497 million, while interest income rose to N143.7 million. Shareholders’ fund increased to N7.17 billion and total assets was N9.69 billion.

    With a solid shareholder base, the company says it remains confident that its current growth plan would achieve its short-to-long term goals. Its current subsidiaries/associates companies include REFCO 100%, REX – 40%, REMFB- 30% and DOT HMO – 30 per cent.

  • Regent Microfinance Bank disburses N10b loans to MSMEs

    Regent Microfinance Bank disburses N10b loans to MSMEs

    Regent Microfinance Bank (MfB) has disbursed over N10 billion in cumulative loans disbursements to Micro, Small, and Medium Enterprises (MSMEs) across the country.

    This achievement underscores the bank’s pivotal role in closing Nigeria’s persistent credit gap, empowering entrepreneurs, and accelerating sustainable economic growth.

    The milestone reinforces Regent MfB’s position as a committed champion of financial inclusion, enterprise development, and accessible financing for small businesses.

    Through its diverse loan portfolio, including FMCG business loans, SME loans, asset financing, and micro-business support, the bank continues to provide the capital entrepreneurs need to strengthen operations, boost productivity, and scale sustainably in an increasingly competitive market landscape.

    Speaking on the achievement, Dr. Idris Olugbesan, Managing Director of RegentMFB, said the milestone reflects the bank’s commitment to long term economic impact, in his words: “Surpassing N10 billion in loan disbursements reflects our conviction in SMEs as drivers of structural economic growth. Looking toward 2026, we aim to broaden financial inclusion, ease liquidity constraints for entrepreneurs, and allocate capital prudently to sustain community level development and long term, economy wide impact.”

    Speaking on the milestone, Chibuzor Uba, Chief Marketing Officer of Regent MfB, stated:  “At Regent MfB, we don’t just bank, we partner. We’ve been privileged to fuel the growth of countless businesses, empowering them to achieve their dreams and contribute to Nigeria’s economic prosperity. As we continue to innovate and expand our services, we’re committed to being the catalyst for success, driving progress and prosperity for all our stakeholders.”

    Chief Marketing Officer, Elijah Oladosu, added: “Financing should not be a hurdle for promising businesses. With access to the right loan, growth becomes possible, and success becomes scalable.”

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    According to Nigeria’s Small and Medium Enterprises Development Agency (SMEDAN) and the National Bureau of Statistics (NBS), MSMEs contribute roughly 46–50% of Nigeria’s GDP and account for a large majority of business activity and employment in the country. However, limited access to credit continues to constrain their growth potential.

    Regent MFB’s lending strategy is a direct response to this challenge, simplifying access, removing bottlenecks, and creating tailored financing solutions that address real-world business needs.

    By reaching the N10 billion mark in disbursements, the bank reinforces its role as a catalyst for productivity, resilience, and inclusive wealth creation.

    Reaching the N10 billion disbursement mark reaffirms the bank’s role as a driver of productivity, resilience, and inclusive economic advancement. Regent MFB’s approach goes beyond traditional lending by integrating financial advisory support, flexible repayment options, and long-term partnership models that enable entrepreneurs not just to survive, but to thrive.

    At a time when Nigeria faces ongoing economic pressures, the need for reliable and impactful financial partners has never been more critical. Regent MFB continues to demonstrate the transformative power of responsible lending and strategic business support in shaping a more vibrant, empowered SME landscape.

    This milestone stands as a testament to the bank’s mission to remain more than a financial institution, it is a trusted partner committed to driving growth, fostering resilience, and helping small businesses across Nigeria reach their fullest potential.

  • Wema Bank doles out N120m to Hackaholics winners

    Wema Bank doles out N120m to Hackaholics winners

    Wema Bank, and  Nigeria  Africa’s first fully digital bank- ALAT, has announced Chao and VOC AI as the first-place winners for Hackaholics 6.0. This announcement was made at the Grand Finale of Hackaholics 6.0 which took place in Lagos, over the weekend.

    Chao, an engine helping food vendors work smarter and grow effortlessly, emerged first place winner in the Ideathon, securing a N25 million prize while VOC AI, a Voice of Customer SDK that turns everyday notifications into real-time feedback touchpoints, emerged first place winner in the Hackathon.

    Other winners include Ideathon winners VARSITY SCAPE that  came second with a N20 million prize, FARMSLATE in third place with a N15m prize and SANE AI which came fourth with a N5.0m prize and FERTITUDE, which secured the win for the Women-Led category, taking home a N5.0m prize. For the Hackathon, ILLUMITRUST came second, following VOC AI with a N15m prize, FIX FRAUD AI came third with a N10m prize and RAPID DEV came fourth with a N5.0m prize.

    Congratulating the winners, Moruf Oseni, the Managing Director/CEO of Wema Bank, encouraged more youths to explore innovation and channel their creativity positively and productively. Reiterating the Bank’s commitment to empowering lives through innovation, Oseni said, “for eight decades, we have stood as Nigeria’s longest surviving indigenous bank, waded market storms, adapted to countless disruptions, transformed alongside our nation over the decades, and spearheaded innovation in banking.

    “ With Hackaholics, we decided to go beyond being innovators to becoming the bank that empowers innovators even from as early as their undergraduate years. We recognise that the future of this continent will be built on the bedrock of Science Technology, Engineering and Mathematics (STEM), which is why our dedication to youth and STEM education is more than just CSR, it is a strategic imperative that we do not compromise on. We are not just providing platforms, we are investing in the youth, financially, intellectually and in every other way that matters”.

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    “For Hackaholics 6.0, we toured 8 campuses, received over 11,000 high-quality applications compared to 2024’s 2,300, applications, and directly engaged over 2,000 participants in regional pitch sessions.

    The year-on-year increase in applications shows that Hackaholcis has grown beyond being a competition; it is a thriving national ecosystem for problem solvers. The sheer volume and quality of the ideas and solutions we have discovered solidifies our belief that the African challenge is the African opportunity and as a Bank, we will continue to fuel the innovators that will transform opportunity into impact. We are proud of every participant who started this journey, and of course the finalists who made it this far. To the winners, I say Congratulations; Wema Bank is with you, all the way”, Oseni concluded.

    Since its launch in 2019, Hackaholics has disbursed $300,000 in funding to youth and startup innovators across the six geo-political zones in Nigeria, disbursing N75 million to women-led teams in 2023 and 2024 alone—a testament to the Bank’s intentional drive for women inclusion in tech and innovation. Through Hackaholics and several other initiatives pioneered by the Bank, Wema Bank continues to invest in Nigerian youth, support innovators and promote inclusion in the spaces that matter, perpetually fulfilling its mission of Empowering Lives Through Innovation.

  • CSCS eyes stronger growth with new CEO

    CSCS eyes stronger growth with new CEO

    The board of Central Securities Clearing System (CSCS) Plc has appointed Mr. Shehu Shantali as the company’s new chief executive officer with a target to drive the company’s next ambitious growth plan.

    The appointment, which has received regulatory approval, takes effect on January 1, 2026.

    Shantali succeeds Mr. Haruna Jalo-Waziri, who will be stepping down after eight-year tenure marked by strong leadership, strategic growth, and significant contributions to the development of Nigeria’s capital market infrastructure.

    Chairman, Central Securities Clearing System (CSCS) Plc, Mr. Temi Popoola, said the board was delighted to welcome Shantali as the new helmsman of the company citing Shantali’s wealth of experience, deep industry knowledge, and a strong strategic vision.

    “The board is confident that he will build on the solid foundation laid by his predecessor and lead the company into its next phase of growth,” Popoola said.

    Shantali said he would work with the board, management, staff, regulators, and market participants to further strengthen the company’s leadership position, deliver value to stakeholders, and support the continued growth and stability of the capital market.

    He noted that CSCS plays a critical role in Nigeria’s capital market ecosystem, assuring that the company would continue to uphold highest standards of corporate governance, operational excellence, and stakeholder engagement as it continues to support the Nigerian capital market.

    The company said Jalo-Waziri provided visionary and results-driven leadership that delivered sustained growth and far-reaching transformation across the organization.

    According to the company, Jalo-Wazziri led the successful execution of critical strategic initiatives, strengthened governance and operational effectiveness, and modernized the company’s systems and processes, positioning the organization for long-term resilience and competitiveness.

    “His leadership significantly enhanced stakeholder confidence deepened the organization’s market relevance both domestically and internationally, and established a strong, future-ready foundation for continued success,” the company stated.

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    “On behalf of the Board, I would like to express our profound appreciation to Haruna Jalo-Waziri for his outstanding service to CSCS. Under his leadership, the Company recorded notable milestones and built an impressive legacy of operational excellence, innovation, and stakeholder confidence. We thank him sincerely for his dedication and impact,” Popoola said.

    Jalo-Waziri commended the board, management team and all other stakeholders for their supports during his tenure.

    He said: “It has been an honour to serve as the Chief Executive Officer of CSCS. I am proud of what we have achieved together as a team and grateful for the support of the board, management, regulators, and all our stakeholders. I am confident that CSCS is well positioned for the future, and I wish my successor every success as he takes the Company forward”.

    Shantali holds a Bachelor of Science degree in Accounting from Ahmadu Bello University, Zaria, and an Executive MBA from Kingster Business School.

    He has over two decades of experience in accounting, finance, and financial services across Nigeria and the United Kingdom, with expertise spanning investment and asset management, financial advisory, and International Financial Reporting Standards (IFRS).

    His career cuts across capital markets, investment banking, real estate, and financial services, and is underpinned by a decade at the Securities and Exchange Commission (SEC) Nigeria, where he championed the migration of publicly listed and significant public interest entities from Nigerian GAAP to IFRS and led the Commission’s transition to the contributory pension scheme in 2012.

    Shantali has built deep experience in financial inclusion, digital financial infrastructure, and the development of scalable, market-wide platforms that expand access to regulated financial services.

    As Managing Director and Chief Executive Officer of Apricot Investments Limited, he led the development of the MicroWorld platform, enabling the distribution of structured financial products including micro-health, micro-pension, micro-housing, micro-insurance, and micro-investment solutions.

    Earlier in his career, his team developed Nigeria’s first contactless payment solution, and he played a pioneering role in POS-based agency banking and early mobile-money interoperability on the NIBSS NIP platform, supporting efficient payments, settlement, and system-wide connectivity.

  • Stockbrokers highlight digital assets at Yabatech

    Stockbrokers highlight digital assets at Yabatech

    President, Chartered Institute of Stockbrokers (CIS), Oluropo Dada, has urged Nigerian students to position themselves for the future of finance by embracing professional certification and emerging opportunities in the capital market, particularly in digital assets and cryptocurrency.

    Dada made this call in his opening remarks at the CIS–Yaba College of Technology (Yabatech) Career Talk, held yesterday at the Yaba College of Technology, Lagos.

    “The Nigerian capital market is at a defining moment, going by the recent amendments to the Investments and Securities Act (ISA). The formal recognition of digital assets and cryptocurrency as Exchange-Traded Products have come as a landmark reform that integrates digital finance into Nigeria’s mainstream capital market and aligns the country with global best practices,” Dada said.

    Rector of Yaba College of Technology, Engr Ibraheem Abdul, represented by the Deputy Rector (Academic), Dr. Engineer Ismail Badmus, commended the Institute for its initiative in encouraging students to acquire practical knowledge of finance and investment at an early stage, and assured the Institute of a stronger collaboration in advancing this objective.

    Dada expressed appreciation to the Management of Yabatech for its sustained partnership and institutional support, describing the college as “a pride of Nigeria’s educational system” with a long-standing reputation for excellence, innovation, and the production of industry-ready graduates. He noted that the collaboration with CIS is strategically focused on preparing young Nigerians for the future of work and wealth creation.

    Speaking on the mandate of the Institute, he stated that the Chartered Institute of Stockbrokers is the statutory professional body responsible for the training and certification of securities and investment professionals in Nigeria. According to him, the Institute’s role extends beyond examinations to building competence, ethical standards, and global relevance within the Nigerian capital market.

    He explained that, under the amended law, CIS members are now professionally empowered to trade, manage, and advise on digital assets and cryptocurrency products, positioning CIS-certified professionals at the centre of one of the fastest-growing segments of global finance. These opportunities, he noted, span digital asset trading, blockchain-enabled investment products, tokenized securities, and fintech innovation.

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    Dada encouraged them to take advantage of the Certified Securities and Investment Support Specialist (CSISS) programme, which allows undergraduates to begin their professional journey in the securities and investment industry while still in school. He described the programme as flexible, fully digitized, and designed to provide a strong foundation in capital market operations, investment support services, and emerging areas such as digital assets.

    Group Executive Director, Assets Management, CardinalStone Partners Limited, Elile Olutimayin, spoke on “Diverse Investment Opportunities in the Nigerian Capital Market with Smart Assets’ Tool”, the Registrar and Chief Executive, CIS, Ayorinde Adeonipekun, addressed the students on “ Prospects for young undergraduate students in the securities and investment Profession through Certified Securities and Investment Support Specialist(CSISS) Certification” while Yabatech’s Head of Banking and Finance Department, Dr Adebola Adebisi made remarks  on the benefits of Investment Club .

    The high point of the event was the launch of an Investment Club by Ayorinde  Adeonipekun.

  • Haldane McCall gets ISO certification

    Haldane McCall gets ISO certification

    Haldane McCall Plc  has received Quality Management System Certification- ISO 9001-2015, of the Standards Organisation of Nigeria (SON), which implies that its products and services consistently meet customer expectations.

    In a letter addressed to Haldane McCall’s Group Managing Director, Edward Akinlade, by SON, the company is authorised to use SON certification logo in all its official communications on real estate and hospitality businesses.

    The certification validates the company’s adherence to globally recognized standards for quality, safety, operational efficiency, and sustainability, a development that analysts say could enhance investor confidence.

    Akinlade explained that the ISO certification affirms Haldane McCall’s quality policy, which emphasises risk management, regulatory compliance, environmental and safety standards, and continuous improvement across its operations.

    Industry observers note that the certification positions Haldane McCall ahead of non-certified peers, signalling operational discipline in project delivery, facilities management, and compliance. By aligning with international standards, the company is expected to reduce operational risks, strengthen governance, and enhance trust among investors and clients.

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    The certification coincides with strong financial performance for the fiscal year 2024. Haldane McCall reported a 109 percent year-on-year increase in revenue, a 168 percent surge in profit before tax, and a 23 percent rise in total assets, which now stand near N22 billion. Analysts say the combination of robust fundamentals and ISO accreditation enhances the company’s credibility and competitiveness, particularly among institutional and foreign investors seeking transparency and risk-mitigated opportunities in Nigeria’s property sector.

    With the new certification, Haldane McCall is better positioned to execute its expansion plans, including large-scale affordable housing and hospitality projects, while supporting high standards of quality and governance, factors that could attract further investment in a market often unsettled by regulatory, construction-quality, and governance challenges.