Afriland Properties Plc has declared a final dividend of ₦856.6 million for the financial year ending December 31, 2024, signaling strong investor confidence and a commitment to long-term value creation.
At its recently held virtual Annual General Meeting, the company’s Chairman, Emmanuel Nnorom, said Afriland was well-positioned to tap into emerging real estate opportunities across Nigeria in 2025. He emphasized that innovation, sustainability, and customer satisfaction remain central to the company’s expansion strategy.
“The real estate sector stands to benefit from government-driven housing initiatives and ongoing infrastructure developments. We’re focused on scaling our impact through smart solutions, partnerships, and a forward-thinking approach,” Nnorom stated.
While the sector faced significant challenges in 2024—including rising construction costs and limited credit access—Afriland managed to maintain a steady growth trajectory. Nnorom noted that urbanization trends in Lagos, Abuja, and Port Harcourt continued to boost demand for residential and commercial properties, creating room for growth.
He also highlighted the role of digital transformation, such as smart building technologies and prop-tech solutions, in enhancing operational efficiency and investment appeal within the sector.
Despite economic headwinds, Afriland’s strategic investments and adaptability enabled it to expand its footprint, delivering strong financial results and positioning the company for an even more impactful year ahead.
With a growing project pipeline and sustained shareholder returns, Afriland Properties is reinforcing its role as a key player in Nigeria’s evolving real estate market.
