On its focus on having a healthy project pipeline, Ojo said it was key to sustaining the appreciation in the indices of the company.
He said, “We have started to do projects and we would be developing more projects. Last year, we only had one project that contributed to the . We had some assets too. But to sustain it, we need a consistent flow of projects. “Most real estate businesses don’t have a flat cash flow projection. There are some years where you sow, there are some years where you reap. Sometimes it takes two years to buy the land, design it, get planning approval. So the gestation period for real estate development takes a long time but what we want to do is that we want to have a healthy pipeline of projects which we are currently working on.
Ojo added, “It requires a lot of capital, it requires a lot of patience. It is not a slam dunk as they say. It is not one year do it and then forget about. Last year was a good year for us, we expect this year to possibly be good, but we do not expect the spike like we saw between 2021 and 2022.All rights reserved.