In the wake of growing concerns over unoccupied and deteriorating federal housing estates across Nigeria, Ugo Peters, Founder of HXafrica, a pioneering proptech firm, unveils innovative strategies to tackle these challenges head-on.

With a keen eye on addressing the root causes and preventing future issues, Peters shares insights into HXafrica’s groundbreaking solutions in a recent interview.

Peters begins by acknowledging the commendable efforts of past administrations, including the initiative under former President Muhammadu Buhari to alleviate the country’s housing deficit. However, he stresses the imperative of aligning development efforts with accurate socioeconomic data to achieve product-market fit. Highlighting the discrepancy between housing supply and demand, Peters sheds light on the critical factors contributing to the deterioration of federal housing estates.

Drawing attention to the widespread prevalence of unoccupied estates from Kano to Umuahia, Peters unveils HXafrica’s transformative platform designed to break the cycle of disuse and loss of development value. By lowering barriers to participation and facilitating asset liquidation, HXafrica aims to empower both the government and stakeholders, ensuring a sustainable system for reinvestment in future projects.

Peters further emphasizes the importance of proper maintenance in preserving the value of properties and proposes strategies to encourage occupancy, including innovative financing models such as rent-to-own schemes. As a seasoned entrepreneur and mentor in the real estate industry, Peters brings a wealth of experience to the table, backed by certifications and leadership roles in the sector.

In closing, Peters underscores HXafrica’s commitment to leveraging technology and private sector collaboration to drive lasting and sustainable solutions in Nigeria’s housing sector. With regulatory approval pending from the Securities and Exchange Commission (SEC), HXafrica stands poised to revolutionize the country’s approach to housing development, ensuring a brighter future for generations to come.