Officials of QShelter Ltd., M.I. Okoro and Associates and other industry stakeholders at the signing of an MoU to jointly market homes under the Federal Government’s Renewed Hope Housing schemes on Tuesday
Partner
By Grace Alegba
Lagos, Dec. 30, 2025 (NAN) QShelter Ltd.; M.I. Okoro and Associates; and have signed an MoU to jointly market homes under the Federal Government’s Renewed Hope Housing schemes.
The partnership covers Abuja, Kano and the Lagos Coastal Road corridor, targeting wider access to affordable housing nationwide.
The agreement was formalised on Tuesday at a joint press briefing attended by industry stakeholders, including financial institutions and professional bodies.
Speaking at the event, Dr Meckson Okoro, Chief executive at M.I. Okoro and Associates, said the partnership would strengthen nationwide marketing for the Renewed Hope Estates.
“This collaboration will widen access to affordable housing for Nigerians at home and in the diaspora,” Okoro said.
He described the alliance as “a major step toward deepening professional participation in the housing sector.”
Okoro commended President Bola Tinubu for prioritising mass housing delivery with long-tenure, single-digit mortgage financing.
He said the scheme, covering NHF mortgages, rent-to-own and MOFI’s MREIF, was “the most serious federal housing intervention since independence.”
Okoro urged the Federal Government to sustain the programme beyond the current administration to ensure long-term impact.
He identified finance, land and infrastructure as critical components needed to keep housing costs affordable.
Okoro called for direct land allocation and provision of roads, power, water and mass transit to reduce home prices.
He also recommended integrating solar power in federal estates to cut energy costs and reliance on generators.
On mortgage access, Okoro warned against delays by disbursement banks, urging closer Central Bank monitoring.
He cited the collapse of mortgage institutions in the 1990s as a lesson on the need for strict regulation.
Okoro stressed the importance of clean land titles to enable legal mortgages and remove financing barriers.
He cautioned against speculative purchases by officials, saying homes “must not be cornered by influential buyers.”
Looking ahead, Okoro said both firms would market the estates globally through exhibitions in the UK and United States.
He added that nationwide expansion and employer-supported housing would boost productivity, curb corruption and reduce the housing deficit.
Mr Adegbenga Alamu, Qshelter’s Chief Operating Officer, outlined the firm’s projects and benefits for informal sector workers.
Alamu said QShelter’s digital platform was simplifying and accelerating homeownership through technology-driven solutions.
Mr Victor Alonge, the NIESV President, praised officials in the Tinubu administration for supporting housing delivery.
Alonge said the MoU would address trust deficits, adding that M.I. Okoro was “a credible and experienced partner.”
He recalled Okoro’s professional background, assuring that his experience would help deliver quality outcomes.
Mr Innocent Ike, Access Holdings Plc Group Managing Director, commended the partnership and participating financial institutions.
“This collaboration inspires stakeholders to close Nigeria’s housing gap,” Ike said.
However, Mr Fred Adegeye, Captain of the Nigeria UK Golfing Association, highlighted diaspora contributions and concerns over fraud.
Adegeye said the partnership would restore investor confidence, citing personal losses to land grabbers and fraudsters. (NAN) (www.nannews.ng)
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Edited by Kamal Tayo Oropo