Mixta Africa Responds to the CBN’s Commitment to Affordable Housing

Sep 18, 2020

Mixta Africa acknowledges the recent announcement by the Central Bank of Nigeria (CBN) regarding its commitment to the importance of affordable housing development in Nigeria, through the publication of the Framework for the Implementation of the Family Homes Financing Initiative.

Taking the housing deficit in Nigeria, currently estimated at 17 million homes, as read - the Initiative is premised on the importance of home building to job creation. The CBN refers to 2.5 million direct and indirect new jobs envisaged amongst mainly young Nigerians on low income, a boost to local manufacturing and the potential for 900,000 individuals that currently live in informal settlements being housed in safe and sanitary environments.

Commenting on the Initiative; Mr Deji Alli, Mixta’s CEO said, “This is a demonstration of the State’s recognition that affordable housing is a national priority. The CBN, through its N200bn financing initiative, gives significant impetus to the Federal Government’s Economic Sustainability programme to fast track the development of affordable housing, at scale, alongside the multiple infrastructural, societal and economic benefits that real estate construction delivers.”

 

About Mixta Africa

Founded in April 2005, Mixta Africa is a leading and active player in the fast-growing African Real Estate sector specialising in property development projects. The Company was established with the objective of responding to the existing housing deficit in the African continent and has long-term vision of becoming the foremost real estate developer in Africa.

With offices in Nigeria, Morocco, Senegal, Tunisia, Côte d’Ivoire, and Mauritania, as well as projects in Algeria and Egypt, Mixta Africa has a mission to create value for its clients by delivering innovative solutions. The Company has a 20-year track record of successful real estate and infrastructure development and a strong management team with over 280 years of combined experience. As of July 2019, Mixta held around 15 million sqm of landbank across all territories and has successfully completed more than 11,000 units.

 

Marketing and Corporate Communications

marketingandcorporatecommunications@mixtafrica.com

T: +234(1) 27011653