They said property technology has transformative potential as telecoms and Fintech, which revolutionised banking and digital services in Nigeria, adding that the deployment would boost efficiency and increase liquidity for homeownership. According to him, the future is digital and green as the 50 per cent of the population are under-21. Odusolu, a former Chief Executive Officer, Ogun State Property Investment Corporation (OPIC), said housing for the young people is gaining traction. “If this cash flow was formalised and properly harnessed, it could provide significant depth to the housing finance market. Akewusola added: “Interest on housing finance should be redefined and excess fund with the insurance, banking and other financial sectors like pension fund managers should be used to fund housing.”

Source: The Guardian July 12, 2021 02:15 UTC