Stanbic IBTC Bank Promises to Bridge Housing Deficit

Stanbic IBTC Bank has stated its commitment to championing the actualisation of home ownership and property wealth creation for Nigerians.

During its just concluded Home Ownership summit with the theme, ‘Building Wealth Through Home Ownership ’ held in Lagos, the bank reaffirmed its commitment to empowering individuals, families, and business owners with the means to own their homes and properties.

The summit was a pivotal platform for Stanbic IBTC Bank to engage with potential homeowners and key industry decision-makers; where the bank’s tailored home loan solutions that suit diverse needs and financial capacities were brought to the spotlight. Attendees were enlightened on the various benefits and flexible repayment options the Bank offers, that significantly enhance accessibility and affordability in the quest for home ownership.

The event garnered a diverse audience, including real estate enthusiasts, investors, and industry experts. Notable speakers delved into real estate investment intricacies, financing options, and emerging market trends, offering invaluable insights to attendees.

Other areas covered by the panellists at the summit included steps to take to protect wealth and prevent losses in real estate through insurance. Creating a legacy and passing on wealth from one generation to another through wills and trusts was also discussed. The offerings are all catered to by the Stanbic IBTC group.

Speaking at the event, permanent secretary, Lagos State Ministry of Housing, Engr. Abdulhafiz Toriola, provided a comprehensive overview and critical insights on building wealth through home ownership.

He noted that home ownership has been a cornerstone of wealth creation across the world from data given to us as it presents security, stability and opportunity to leave a legacy for future generations.

He said: “In Lagos, the demand for housing is ever-increasing, and the importance of facilitating home ownership cannot be overemphasized, considering the 2.3 million housing gap that requires strategic attention from governments across the board and stakeholders across the value chain.”

The chief executive of Stanbic IBTC Bank, Wole Adeniyi underscored the significance of home ownership as a cornerstone of financial stability and wealth creation.

He emphasised the Bank’s commitment to facilitating access to home ownership without undue financial strain.

“As access to affordable housing remains a pressing issue, our Home Loan solution offers hope. With competitive interest rates, flexible equity contribution, and personalised guidance, our Bank aims to bridge the gap and make home ownership attainable for our stakeholders,” Adeniyi said.

Overall, the Stanbic IBTC Home Ownership Summit was an invaluable resource for real estate enthusiasts, equipping them with the tools and knowledge to navigate the real estate landscape and obtain the needed funding.