Business and Economy
Housing Deficit: Omega City MD Advocates Affordable Building Materials, Improved Land Administration.
A fast-growing real estate company in the Federal Capital Territory, Omega City & Properties Nigeria Limited, has celebrated its first anniversary with a 20 per cent discount on all its properties.
The occasion, which took place in Abuja on Friday, November 6, 2026, was attended by the management and staff of the company, subscribers, clients, partners, stakeholders in the real estate industry, government functionaries, media representatives and other well-wishers.
Speaking with newsmen during the anniversary celebration, the Managing Director/Chief Executive Officer of Omega City & Properties Nigeria Limited, Dr.
Dr. Ternenge, who stressed the need to patronise locally produced building materials, ensure genuine land acquisition processes and regularise land titles, also called for effective engagement with mortgage institutions to reduce the cost of building in the country.
According to him, there is a need for the country to embrace cheaper building materials and construction methods to enable more Nigerians to own their houses.
He called for platforms that would allow stakeholders and industry players to showcase their products and services, exchange knowledge, establish strategic partnerships and explore innovative solutions to challenges affecting the real estate and construction sectors in the country.
The Managing Director also stressed the need for the Federal Government to effectively implement its policies and programmes on affordable housing for Nigerians.
He identified the National Housing Fund and other mortgage initiatives of the Federal Government as key to addressing the housing challenges faced by millions of citizens, if adequately implemented.
While calling for increased public-private sector collaboration in addressing housing delivery challenges in the country, Dr. Ternenge said Omega City & Properties Nigeria Limited would continue to complement the efforts of the government in providing affordable housing for citizens.
He described housing as one of the major basic necessities of life, stressing the need for collective efforts to make houses available to millions of Nigerians who have no roof over their heads.
Some clients, partners and subscribers who spoke at the anniversary described Omega City & Properties Nigeria Limited as trustworthy, reliable and professional in the conduct of its business in the real estate sector.
While congratulating the company on its first anniversary, they urged the management and staff to sustain the momentum and maintain their quality service delivery to attract better and increased patronage.
During the anniversary celebration, members of staff of the company received various awards and cash prizes in recognition of their dedication, commitment and contributions to the success of Omega City & Properties Nigeria Limited over the past one year.
The award recipients include Sarah Enyioma, who emerged as Best Sales Person; Jessica Ibem, Most Supportive Staff; and Henry Imanche, who received the Best Dressed Male Staff Award.
Other award recipients were Susan Ikya, Best Dressed Female Staff; Etoma UBA, Best Brand Promoter; Aliche Elizabeth, Outstanding Leadership Award; while Mr. Philip Terfa emerged as Manager of the Year.