Expo 2021: Kenya Woos Nigerian Investors

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Kenya on Friday called on Nigerian business investors to harness its economic development opportunities, to deepen Kenya-Nigeria relations.

Dr Wilfred Machage, the High Commissioner of Kenya to Nigeria, said this at the “5th Real Estate and Construction Expo-2021″.

“Expo-2021” which started on Feb. 17, would end on Feb. 20, in Abuja.

The event, themed: “Revamping the economy through investment in real estate and infrastructure”, was organised by the Abuja Chamber of Commerce.

According to him, real estate remains the real asset of choice when it comes to investment, saying it essential to playing major role in the economic performance of any country.

Machage said: “As far as the real estate sector is concerned, for the past two decades, Kenyan real estate market has grown exponentially, save for the challenging context last year.

“I am glad to report that one of the major Kenyan based real estate developers ‘Unity Homes’ has expanded its footprint in Nigeria, as it seeks to tap the wider West African market.

“Unity Homes which is currently developing 1,200 units in Ruiru’s Tatu City I n Kenya, will be developing 576-unit apartment complex in the Lekki Free Zone, in Lagos, Nigeria.

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“These are the real success stories that are worth emulating and the government of Kenya is committed to deliver series of ambitious programme in this regard.

“To promote long term development through its affordable housing agenda, namely: enhancing manufacturing, food security and nutrition, and universal health coverage agenda.”

Sen. Rochas Okorocha underscored the need for the Federal Government to prioritise investment in real estate, construction and housing sector, to boost economic growth in the country.

Okorocha, Chairman of Culture and Tourism Committee in the 9th Senate, stressed that Nigeria should look into such area, if the countr must improve its economy.