Abuja - August 08 - (Viewpoint Housing News) – The founder of Pan-African housing development firm, Landlur, Mr. Dipo Adesina on Monday said the company is targeting Africans in the Diaspora to enhance the business of real estate market across Africa.

He also said Nigeria is its current primary focus.

Adesina said over 170 million persons of African descent, globally, present a formidable resource pool for the continent’s infrastructure development, including housing. ‘The idea of Landlur was birthed from seeing Africans in the diaspora wanting to invest back home but not having a trusted partner to work with, especially after being dissappointed by family members.

“Landlur’s goal is to bridge the gap between those in Diaspora and the opportunities back home, real estate is one of the avenues to do that, said Mr. Adesina.

“Landlur is Africa’s 1st real estate platform that is focused on connecting Africans in diaspora with profitable real estate opportunities in Africa as a means to boost the housing deficit of Africa, while building wealth at the same time”, he stated.

African diaspora populations are growing, as are their savings and the scale of resources available to reinvest in their countries of origin.

“The World Bank estimates Africans in the diaspora save about $53 billion per year and, in 2021, recorded remittances reached over $95.6 billion sent to and within Africa,” he added.

Top 10 highest recipients of remittance inflows in Africa in 2021 included Nigeria ($19.2 billion), Ghana ($4.5 billion), Kenya ($3.7 billion), Senegal ($2.7 billion), Zimbabwe ($2.0 billion), Democratic Republic of Congo ($1.3 billion), Uganda ($1.1 billion), Mali ($1.1 billion), South Africa ($900 million), and Togo ($700 million).

Africa’s top remittance recipients as a proportion of their economies are South Sudan, Lesotho and Gambia with 35%, 21% and 15% of GDP respectively, coming from remittances, according to World Bank statistics.