Haldane McCall's Akinlade Calls for Real Estate Investment Boost

Dr. Edward Akinlade, the Group Managing Director and Chief Executive Officer of Haldane McCall Plc, stated that Nigeria requires lower-cost financing, enhanced infrastructure, and simplified land and tax policies to stimulate investment in its real estate and hospitality sectors. He identified high construction costs, elevated interest rates, and land administration issues as significant barriers to housing supply and private capital attraction.

Akinlade called for improved access to long-term financing, expedited land-title registration, and greater policy stability, particularly regarding taxation and planning regulations. He also highlighted the hospitality industry's challenges, including high energy costs and infrastructure constraints.

Haldane McCall is focused on expanding its development pipeline, having initiated plans for Phases 2 and 3 of its Mile 12 project in Lagos, which includes 64 two-bedroom apartments. The company has also completed a joint venture for 32 three-bedroom apartments at Olateju Street, Olorunsogo, Lagos.

Akinlade reaffirmed the company's commitment to maintaining shareholder returns while pursuing strategic partnerships and disciplined capital allocation.