Dr Stephen Akintayo, Founder of GText Holdings, says liquidity challenges remain a major threat confronting operators in Nigeria’s real estate sector.
Akintayo spoke on Friday in Lagos during activities marking the company’s 18th anniversary celebration.
He said: “Real estate is structured in a way where capital is tied down for a long time.
“If you don’t trade and have other businesses you can take on, you will have liquidity problems.”
He noted that several operators had faced similar challenges in recent years.
Akintayo said the anniversary marked a major transition for the company toward global diversification.
He explained that the company spent its first seven years in bulk SMS and digital marketing, and the next decade in real estate. (NAN)
