Mixta Africa's Tola Akinsulire Advocates Housing Reforms

Tola Akinsulire, the Group Chief Commercial Officer of Mixta Africa, urged for a shift from isolated housing interventions to a comprehensive housing delivery system to tackle Nigeria's housing deficit. Speaking at the Africa PropTech Priority Summit in Lagos, he criticized the current focus on mortgages without addressing the delivery ecosystem.

Akinsulire cited Morocco's successful housing program, which provided tax credits to developers and government-backed guarantees for buyers, as a model for Nigeria. He stressed the importance of defining public-private partnerships (PPPs) as either monetization or intervention strategies, highlighting that the government must absorb some costs for affordable housing initiatives.

Akinsulire identified trust, buyer affordability, and developer capability as critical factors for successful PPPs. He noted that while the Federal Ministry of Housing's recent frameworks address trust and affordability, they do not enhance developer delivery capacity, which remains a significant issue in the housing market.