Mixta Africa Calls for Construction Finance in Housing Reforms

Mixta Africa, represented by Group Chief Commercial Officer Adetola Akinsulire, has called for the inclusion of a credible construction finance framework in Nigeria's proposed National Housing and Built Environment Regulation Policy and National Mortgage Industry Policy. Akinsulire stated that while the proposed reforms address the trust deficit and buyer finance, construction finance remains a critical missing component.

The Federal Ministry of Housing and Urban Development revealed that real estate and construction contributed over N77 trillion to Nigeria's economy in 2025, despite lacking a unified regulatory framework. The reforms propose measures such as developer registration, escrow protection, and a National Housing Data Observatory.

Akinsulire noted that the success of these reforms should be measured by increased trust in the housing market, improved access to buyer finance, and enhanced construction finance. He also highlighted the importance of affordability in terms of payment duration, not just property price, and mentioned Mixta Africa's plans for starter homes targeting the mass market.