Nigeria faces a staggering housing shortfall valued at over $500 billion, a gap that continues to expand amid soaring inflation, fluctuating exchange rates, and escalating costs of construction materials. These economic pressures have compelled numerous developers to halt their projects. Yet, amidst these challenges, one company attributes its resilience to unwavering commitment and the trust it has cultivated with its clients.
Drekford’s Commitment: Delivering Projects and Earning Trust
Established in 2016, Drekford Limited has successfully completed more than ten developments within a decade. CEO Daniel Oparinde views the accolades received this year as a reflection of the company’s steady performance and reliability.
“This recognition highlights our dedication and the hard work of our team,” Oparinde remarked. “It fuels our ambition to maintain high standards and achieve even greater milestones.”
At the heart of Drekford’s strategy is the delivery of fully finished projects. In a market where many Nigerians have grown skeptical due to abandoned affordable housing initiatives, the company’s track record stands out. The National Bureau of Statistics (NBS) estimates a nationwide demand exceeding 17 million housing units.
Oparinde emphasized that Drekford’s reputation is built on fulfilling promises. “We are among the few developers who initiate projects and ensure their completion,” he noted. “Our clients’ trust has been instrumental in earning this award.”
The company’s operations revolve around three core values: innovation, competitive pricing, and strategic site selection. Their developments are situated in prime locations with robust infrastructure and clear land titles.
“We meticulously choose locations that offer excellent accessibility and are free from legal complications,” Oparinde explained. “Unlike many others who overpromise, we consistently deliver, which distinguishes us in the industry.”
Economic Challenges: Inflation, Currency Fluctuations, and Rising Material Prices
The surge in inflation and instability in foreign exchange rates have significantly increased construction expenses. According to NBS, inflation reached 34.2% in July 2025, while the elimination of fuel subsidies combined with a depreciated naira has driven costs up by more than 40% in certain areas.
Oparinde acknowledged that diminished purchasing power remains a critical barrier for prospective homeowners.
“The decline in buying capacity is a major obstacle,” he said. “To counter this, we offer customized projects, flexible payment options, and allow clients to choose finishes that align with their budgets.”
This approach, he added, opens doors for middle-income Nigerians who often find homeownership out of reach.
Highlighted Developments: Seasons Apartments and Early Delivery in Katampe
One of Drekford’s flagship projects is the Seasons Apartments in Kado, designed as a hospitality-oriented complex. Over the past three years, it has provided investors with consistent monthly returns.
“Our investors enjoy reliable monthly income supported by transparent performance updates,” Oparinde shared. “They appreciate both the financial benefits and the professional management of the property.”
Another notable achievement is the Katampe project near Aso Radio, which was completed ahead of its planned 18-month schedule.
“Delivering this project early delighted our clients,” he said.
Adapting to Market Trends: Short-Term Rentals and Flexible Financing
Responding to evolving consumer preferences, Drekford has incorporated short-let apartments into its offerings. These units appeal particularly to young professionals and investors seeking steady income streams.
“Short-let properties attract younger buyers who value assets that generate regular returns while maintaining long-term appreciation,” Oparinde explained.
Future Vision: Growth and Enhanced Accessibility in 2026
Looking ahead, Drekford aims to expand its footprint and make homeownership attainable for a broader segment of Nigerians. The company’s 2026 agenda centers on scaling operations and maintaining its delivery standards.
“This award motivates us to push harder,” Oparinde stated. “Our mission is to keep delighting clients, increase the number of homeowners, and grow our portfolio of successful projects.”
When asked for advice to fellow developers, Oparinde offered this insight:
“Prioritize your clients above all else. When you focus on their satisfaction, success will naturally follow.”
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