Housing Deficit: Echostone Delivers 252 Sustainable Housing Units

SOURCE: BizWatchNigeria

EchoStone Ribbon Cutting NigeriaEchostone Development Nigeria has delivered 252 units of affordable homes in Idale Badagry in partnership with the Lagos State Government as part of the ongoing efforts in bridging over 22 million housing deficits in the country.

The project, designed as a Public-Private Partnership, aimed at providing 100,000 affordable homes in 10 years with modern-day technology.

The partners said they were starting with the construction of 2,000 sustainable housing units in three Local Government Areas (LGA) of the state, Idale in Badagry; Ayobo in Alimosho LGA, and Imota in Ikorodu Local Government Area.

Speaking at the official commissioning of the project in Badagry, the Managing Director, EchoStone Development Nigeria, Mr. Sammy Adigun, explained that the affordable housing scheme named, ‘Peridot Parkland Estate’, is the first-ever green-certified affordable housing community in Nigeria.

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January 27, 2021 International

Healthy Housing: A Timely Subject, But What Does it Really Mean?


More and more these days, we are hearing a lot in the media about the importance of  “healthy housing” and its benefits to human health.  There are many ways to define healthy housing; however, our concern here is with the physical characteristics of a structure that promote and sustain good human health.

So, what does that mean?  Our basic definition of a “healthy house” is this: 24-hour access to clean water; interiors that are well ventilated without losing the insulative qualities that keep them cool in hot weather; construction methods that prevent water penetration; and materials that are free from toxins, are sustainable in their production and durable over the long term.

This is not a terribly long or complicated list; however, for millions of families living in developing countries particularly, this bare-bones description of a healthy home is a far cry from their reality. According to some public health experts, the majority of households in the developing world do not have a place at home to wash their hands, and only one in five do in sub-Sahara Africa. Forty percent lack running water on their property.

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November 6, 2020 International

How Developers Can Overcome the Sustainability Gap


How do we build an inclusive,sustainable, resilient future for people and the planet? One hundred seventy-three world leaders asked that question five years ago this month at an historic UN summit. The result was the adoption of 17 Sustainable Development Goals (SDGs) that collectively create a roadmap to promote prosperity for all people while protecting the planet.

We at EchoStone believe that housing –sustainable, healthy, affordable housing – is at the center of the SDGs. Our mission is to empower governments, developers, and NGOs to provide exactly this for their communities by:

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September 24, 2020 International

Top 50 Housing Brands That Shaped First Virtual African Housing Conference and Exhibition


The Abuja International Housing Show has become the face of the Housing Sector in Africa by holding the first virtual housing conference and exhibition in the continent.

The event featured no less than 50 credible and leading Housing Brands in Africa. By records, these brands have overtime demonstrated impeccable and unflinching commitment to the development of the housing sector through the delivery of affordable and quality housing.

The following brands have shown what impact they can make at the show and are not listed in any preferential order.

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July 30, 2020 International, Nigeria

Elevating Affordable Housing Investments In Emerging Markets With Green Building


Peridot Parkland Estate becomes the first post-construction project to receive EDGE Advanced in Nigeria.

International provider of affordable housing solutions, EchoStone, recently completed a community of 252 houses, Peridot Parkland Estate. This affordable housing community is the first in Nigeria, and among the first in Africa, to achieve EDGE Advanced certification at the final construction stage.

EDGE, an innovation of the International Finance Corporation (IFC), a member of the World Bank Group, reserves their advanced-level certification for projects that achieve excellence in green building. The houses of Peridot Parkland Estate have demonstrated 53% energy savings, 42% water savings, and 35% reduction in embodied energy in materials.

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May 21, 2020 International, Nigeria