Beneficiary of a brand new car award to a top-performing realtor(right) Managing Director/Chief Executive Officer, Gbadebo Olamerun and Oba Musiliu Afolabi Kasali Olipede, the Olu of Orile Itori Oke Egba Land at the company’s Client Appreciation and Award Night, held in Lagos
By David Akinmola,Lagos
Gafford Property and Homes has unveiled plans to deliver 232 housing units across Lagos and Ogun States, signalling its transition into full-scale property development amid rising housing demand and widening supply gaps in Nigeria’s real estate market.
The Managing Director/Chief Executive Officer, Gbadebo Olamerun, revealed the expansion plan at the company’s Client Appreciation and Award Night, where he reaffirmed its commitment to structured communities, transparency and long-term value for investors.
The projects include 100 four-bedroom bungalows at Elerangbe, Ibeju-Lekki; 32 housing units at Abraham Adesanya, Lagos; and another 100 bungalows at Iro Town, Papalanto, Ogun State a combined 232 units aimed at tapping growing residential demand along the Lagos–Ogun growth corridor.
The expansion comes at a time Nigeria faces an estimated housing deficit of over 17 million units, according to data from the Federal Mortgage Bank of Nigeria, with rapid urbanisation in Lagos and neighbouring Ogun intensifying pressure on available housing stock.
Industry analysts estimate that Nigeria requires at least 700,000 new housing units yearly to bridge the deficit, yet current supply falls significantly short of this benchmark. Lagos alone accounts for a substantial share of unmet demand, driven by population growth, migration, and rising middle-income housing needs.
Recent data from the National Bureau of Statistics show that the real estate sector remains a key contributor to GDP growth, supported by private sector-led estate developments and infrastructure expansion in emerging corridors such as Ibeju-Lekki.
Analysts say developers shifting from speculative land sales to structured housing projects reflect a maturing market, as buyers increasingly prioritise serviced estates, legal certainty and long-term value appreciation.
Speaking further at the event, the Managing Director/Chief Executive Officer,Gafford Property and Homes Limited, Olamerun, said the company’s achievements were driven by collaboration among clients, realtors, staff and host communities, adding that the transition into property development would strengthen its market position.
He assured stakeholders of improved operational systems, stronger accountability and enhanced project delivery timelines in the coming year.
The event also recognised community partnerships, including the presence of Oba Musiliu Afolabi Kasali Olipede, the Olu of Orile Itori Oke Egba Land, underscoring the firm’s relationship with host communities.
Awards were presented to outstanding realtors, team leads and staff across various performance categories, with top performers rewarded for production volume and new business generation.
The highlight of the evening was the presentation of a car award to a top-performing realtor, reinforcing management’s emphasis on measurable results and performance-driven growth.
With increased private sector participation and expanding infrastructure along the Lekki–Epe axis, industry watchers say structured developments such as these could play a modest but important role in narrowing Nigeria’s housing supply gap while strengthening investor confidence in the property market.
