Stanbic IBTC uplifts home ownership with new financing solutions
Stanbic IBTC uplifts home ownership with new financing solutions
Stanbic IBTC has reinstated its commitment to lifting the standards of living of more Nigerians through its home loan solution, aimed at increasing the percentage of home owners in the country.
The Chief Executive, Stanbic IBTC Bank Plc, Wole Adeniyi, speaking during the 2025 Stanbic IBTC Home Ownership Summit, in Lagos, said the company is ready to key into numerous opportunities available in the nation’s mortgage space.
He said: “There are a lot of opportunities to take away from here and there are thousands of people actually listening to us. And this is our Home Loan 2.0. We had 2.1, it was a great event, and hence we said we are going to have 2.0. I believe that if home ownership in Nigeria is at 0.05 per cent, after this Home Loan 2.0 by Stanbic IBTC, we are going to raise it to 5 per cent,” he said.
Adeniyi noted that with the current economic situation, investors need to take bold positions in any area in Nigeria to swiftly tap into the immense opportunities.
According to him, the company has engaged in roadshow to the Middle East, talking about the opportunities in Nigeria, which was actually confirmed by the recent Moody’s report.
“Nigeria was upgraded to a stable, and our rating was upgraded. What it tells you is that the opportunities in Nigeria are quite immense.
“The World Bank released their report a month ago. IMF will do their own this month of June. So everything shows that there is no better time than now to take possession. So, this is where we come in at Stanbic IBTC, in terms of driving this home ownership agenda,” he stated.
Lagos State Commissioner for Housing, Moruf Akinderu Fatai, commended Stanbic IBTC Bank for the home ownership scheme, saying it shows the quantum of passion the bank’s board has invested and willing to invest in the future of housing in the country.
Noting that the government is doing so much to raise the bar, Akinderu enjoined the bank to parley with Lagos State government to grow home ownership in the state.
