Firm unveils N10bn housing scheme for low income earners

A real estate and digital marketing firm, Gtext Global Company, has unveiled a N10 billion investment scheme for her subsidiary company, Gtext Homes, to build affordable houses for low income earners. Speaking at the unveiling in Lagos, Chief Executive Officer of Gtext Global, Mr. Stephen Akintayo, said the investment scheme would see subscribers or investors […]

A real estate and digital marketing firm, Gtext Global Company, has unveiled a N10 billion investment scheme for her subsidiary company, Gtext Homes, to build affordable houses for low income earners.

Speaking at the unveiling in Lagos, Chief Executive Officer of Gtext Global, Mr. Stephen Akintayo, said the investment scheme would see subscribers or investors walk away with interests ranging from 25 to 50 per cent on their investment within six months to three years.

Mr. Akintayo said the company sought to partner with retail investors to raise N10bn, adding that the project was an investment opportunity for investors looking for a safe alternative from banks.

He added that the plan of the company was to provide relief for residents at “this time when lack of affordable housing is posing significant threat to the life and security of the citizens of Nigeria.”

He further explained that the investment scheme would see subscribers lock down their principal investment of a minimum of N5m for a period of three years while the interest element would be released to the investors quarterly or yearly or at the end of three years; which is the expiration of the investment.

Akintayo said the mission was to solve all housing problems by providing 500 housing units in over 200 estates by 2035.

“The areas where our properties are situated are regarded as choice areas largely because of the designated industries and proposed developmental plans by the government. The areas are Ikorodu, Ibeju-Lekki and Atan in Ogun State, among others. All the estates will feature recreational facilities, electricity supply, good road network, among others. For the property at Ibeju-Lekki, we are proposing to build a golf course with lakes, as well as a resort,” he said.