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Redefining Housing in Nigeria: How Octo5 Holdings Plans to Unlock a 500 Billion Dollars Market Inspired by Saudi Arabia’s Vision 2030
When Babajide Odusolu founded Octo5 Holdings Limited, formerly known as Legacy Holdings Limited, the Nigerian real estate sector was still in its infancy. What began in 1997 as Legacy Realties Limited evolved over the years into a distinguished holding company, solidifying its reputation as a pioneer in developing gated communities, particularly across the beautiful Lekki peninsula. Today, Octo5 stands as a trusted and reputable name in the real estate industry with a clear purpose: to be the premier provider of affordable homes and real estate solutions across Sub-Saharan Africa while setting new standards of excellence for a proudly African enterprise.
Babajide Odusolu Founder, Octo5 Holdings
From Dream to Reality
There are over 30 million working Nigerians yet fewer than 10 percent own their homes, Odusolu explains. More than 65 percent live in under-serviced or substandard neighborhoods. That gap is a blue ocean opportunity. Octo5’s mission is to make housing accessible and viable as an investment class across Sub-Saharan Africa. Its goal is to become the premier developer, manager, and operator of affordable residential and commercial communities, redefining how Nigerians live, invest, and thrive in urban spaces.
Balancing Profitability and Purpose
Developing affordable housing in Nigeria has always been challenging. Limited long-term capital, volatile exchange rates, and the tension between profitability and social impact have tested every developer. For years, we had to cannibalize our own resources by leveraging one project to finance the next, Odusolu says. That model collapsed during the recent devaluation. Now we raise new pools of capital, build fully funded developments, and only then offer them to the market.
This approach allows Octo5 to create products that reflect the realities of modern urban life. Younger professionals increasingly demand studios, one-bedroom, and two-bedroom apartments instead of sprawling villas. The company is investing in vertical communities like Congress Park where mid-rise developments balance density with livability and integrate essential amenities such as power, water, and recreation into the community fabric.
Ongoing Projects
Octo5’s current developments illustrate its commitment to transforming neighborhoods. Ocean Bay Estate continues to set benchmarks for luxury and community planning while Congress Park introduces modern vertical living. Additional ongoing projects include Heron’s Beak, a medium-rise apartment complex, Playa Bonita, an upcoming condominium complex along the coastal road axis; Arthur’s Place, an urban regeneration mini community on the Lagos mainland and Falcon Heights, Guzape, a proposed urban deluxe community in the Nation’s capital city, Abuja. All these projects constitute pilot schemes designed to illustrate Octo5’s strategy for fusing mixed-use residential and commercial spaces to foster integrated community living. Each project aligns with Octo5’s mission to provide fully serviced, secure, and high-quality residential options across Nigeria.
Innovation in Ownership
Odusolu’s next frontier is broadening access to real estate investment using technology solutions such as STOW designed to enable fractional ownership. This solution allows career professionals to co-own investment properties across Nigeria’s urban centers, creating simplified and flexible pathways to homeownership. The STOW plan guarantees homes, encourages disciplined savings, and introduces flexibility that makes property acquisition more affordable. According to him, why should an apartment worth $200,000 be out of reach when ten professionals can each own a fraction of it and share the guaranteed rewards.
Another innovative solution is PropKeys, a digital platform that enables property owners to generate consistent returns through short and mid-term rentals. Again, he shared that in December 2024, every viable property in Lagos was fully booked. Most of the enhanced earnings went to brokers and managers, however using PropKeys, investors can tap and benefit from that demand seamlessly, he adds.
Riding the High-Risk, High-Reward Curve
Nigeria’s real estate market is often described as high risk and high reward. Government initiatives like the Mortgage Refinance Company (NMRC), Family Home Funds (FHF), Ministry of Finance Real Estate Fund (MRIEF) are modernizing the sector, making mortgages more accessible and boosting investor confidence. Octo5 has elected to focus on aggregation, creating communities where thousands of professionals pay affordable rents for high-quality, fully serviced housing. We aim to move beyond speculative development, Odusolu explains. Our goal is to grow the rental-based housing stock while keeping our investors insulated from inflation shocks and currency volatility while generating stable yields for them.
The $100 Million Play
Octo5 plans to raise $100 million over the next four years to deliver 100,000 homes across Lagos, Abuja, Port Harcourt, Kano, and Kaduna. The strategy is structured in two phases, an initial $10 million pilot followed by a $90 million scale-up once proof of concept is established. The strategy seeks to enable Institutional investors commit long-term capital through structured debt notes into the various projects while retail investors are enabled to co-own these properties via STOW fractional ownership schemes. Either way, the objective seeks to deliver, stable returns backed by tangible real estate to its investors.
Aligning With Vision 2030
Odusolu draws inspiration from Saudi Arabia’s Vision 2030 and the ambitious urban regeneration exemplified by NEOM. According to him, when I look at NEOM, I see what is possible when leadership commits to bold urban regeneration, he says. Nigeria can and must do the same. For investors such as the Saudi Public Investment Fund, he adds, Nigeria offers both social impact and profit benefits, any investment creates a sustainable platform for transforming the housing landscape for millions while securing double-digit returns over the long term for such ethical investors.
Integrity as Currency
At the heart of Octo5’s resilience is Odusolu’s personal creed, integrity. For me, it means being a man of your word by prioritizing investors, homeowners, and partners’ above personal gain. That is why people trust us, he reflects.
The Road Ahead
Expansion plans extend beyond Lagos. Projects in Abuja, luxury beach-facing apartments along the coast, and developments in Epe, Lagos’s next frontier, are underway. The long-term vision is to scale beyond Nigeria into other African markets facing similar housing deficits.
Nigeria has a minimum real demand for at least 700,000 homes delivered annually over a five year period for it to attain a degree of adequacy in housing provision. This means the minimum realistic and realizable market for housing in Nigeria especially Lagos is in excess of $200 billion using current market rates, Odusolu concludes.
The large population and a working population in excess of 25 million persons means that these homes can be easily acquired and made viable assets. In essence, with the right partner, Nigeria is a vast ocean of opportunities. This market simply needs committed investors with patient capital willing to unlock the trapped value. At Octo5 Holdings Limited, we are poised and ready to deploy our twenty five years of operating expertise in the Nigerian market to lead the way in achieving this goal and empower a new generation of African homeowners and investors.
Interview clip Here
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Scenthound Bountiful Shares Fall Grooming Guidance for Local Dog Owners
BOUNTIFUL, UtahLocal dog hygiene center highlights seasonal shedding, coat maintenance, nail care and routine grooming as autumn weather arrives.
Local dog hygiene center highlights seasonal shedding, coat maintenance, nail care and routine grooming as autumn weather arrives.
BOUNTIFUL, Utah
Scenthound Bountiful, a dog hygiene and wellness center owned by Mike Solosko, is highlighting the importance of regular grooming as pet owners prepare their dogs for changing autumn conditions. The center, located at 2196 S. Orchard Drive, Suite 65, provides routine hygiene and coat care services for dogs in Bountiful and surrounding communities, including North Salt Lake. As trusted dog groomers Bountiful pet owners can turn to for routine hygiene, the center focuses on helping dogs stay clean and comfortable throughout the year.
As temperatures change and seasonal shedding increases in some breeds, regular grooming can help pet owners manage loose hair, prevent matting and identify changes in their dogs’ skin and coats.
The American Kennel Club notes that many dogs experience increased shedding during spring and fall, although shedding patterns vary according to breed, coat type and environmental conditions.
Addressing Seasonal Shedding and Coat Maintenance
During autumn, some dogs shed portions of their lighter coats as their bodies adjust to seasonal changes. Dogs with thicker or double-layered coats may require additional brushing to remove loose undercoat and prevent tangling.
Scenthound Bountiful offers shedding treatments designed to remove loose hair and support routine coat maintenance. The center also provides bathing and brush-out services that can be selected according to each dog’s grooming requirements.
Regular brushing can help distribute natural oils throughout the coat while removing dirt, debris and loose hair. Grooming frequency varies, and dogs with longer or denser coats may need more frequent attention during periods of heavier shedding.
Supporting Routine Hygiene During Autumn
Seasonal conditions can introduce additional grooming considerations. Outdoor walks may expose dogs to wet leaves, mud and other debris that can collect in their fur or between paw pads.
Dogs may also experience skin dryness or irritation for various reasons, making regular observation of their skin and coat an important part of routine care.
Scenthound focuses on five core areas of canine hygiene: skin, coat, ears, nails and teeth.
Its basic hygiene services include bathing, ear cleaning, nail trimming and teeth brushing. Additional grooming and coat treatments are available according to individual needs. For pet owners searching for dog barbers Bountiful, the center provides routine hygiene and coat-care services tailored to individual dogs.
The center encourages owners to pay attention to changes in their dogs’ coats, excessive scratching, unusual shedding and other visible concerns. Persistent skin irritation, abnormal hair loss or suspected infections should be evaluated by a veterinarian.
Encouraging Consistent Grooming Habits
“Fall is a great time to start a regular grooming routine. Our Bountiful team loves helping local dogs feel clean and comfortable, and we welcome pet parents from North Salt Lake City, too,” said Mike Solosko, owner of Scenthound Bountiful.
The center emphasizes consistency in routine hygiene rather than relying exclusively on occasional grooming appointments.
For dogs with longer coats, regular brushing can help reduce tangles and matting. Nail trimming is another important consideration, as overgrown nails may affect comfort and mobility.
Individual grooming schedules should account for breed characteristics, coat length, activity level and specific hygiene needs.
Serving Bountiful and Nearby Communities
Scenthound Bountiful provides routine dog hygiene services to pet owners throughout the surrounding area, including North Salt Lake.
Its services include bathing, shedding treatments, nail care, ear cleaning, teeth brushing and additional coat-maintenance options. The business also offers monthly hygiene memberships for owners seeking recurring care.
Pet owners can obtain information about the center’s services and appointment options through its official website.
About Scenthound Bountiful
Scenthound Bountiful is a dog hygiene and wellness center located at 2196 S. Orchard Drive, Suite 65, Bountiful, UT 84010. Owned by Mike Solosko, the center focuses on routine dog hygiene, including skin and coat maintenance, ear cleaning, nail trimming and teeth brushing.
Website: https://www.scenthound.com/bountiful
Media Contact Details
Scenthound Bountiful Team
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CZUR StarryHub Announces New Website to Showcase Its Meeting Hub Solutions
New York USACZUR, a technology company specializing in smart office solutions, has announced the launch of its dedicated StarryHub website, providing a central resource for businesses exploring its meeting-room collaboration technology. The website introduces the StarryHub Core Series, a range of meeting hubs designed to simplify video conferencing, wireless content sharing, and hybrid collaboration. Visitors can explore […]
New York USA
CZUR, a technology company specializing in smart office solutions, has announced the launch of its dedicated StarryHub website, providing a central resource for businesses exploring its meeting-room collaboration technology.
The website introduces the StarryHub Core Series, a range of meeting hubs designed to simplify video conferencing, wireless content sharing, and hybrid collaboration. Visitors can explore product capabilities, compare available models, review technical specifications, and access official information to evaluate solutions for meeting spaces of different sizes.
Addressing Common Meeting-Room Challenges
As organizations continue to support in-person and remote collaboration, meeting-room technology often involves multiple devices, complicated connections, and varying audio and video requirements.
Traditional setups may require separate cameras, microphones, speakers, computers, and display equipment, creating additional installation and management considerations for IT teams.
The StarryHub Core Series addresses these challenges by combining essential conferencing components into a single meeting hub. Designed to connect with an existing HDMI-compatible television, monitor, or projector, the system allows businesses to upgrade their meeting rooms without necessarily replacing their current display equipment.
Introducing the StarryHub Core Series
The StarryHub Core Series integrates video conferencing cameras, microphones, speakers, wireless screen sharing, and meeting software into compact meeting-room devices.
Powered by the built-in StarryOS 6.0 operating system, the hubs support conferencing applications including Zoom, Microsoft Teams, and Google Meet. Users can launch and manage supported meetings directly through the device or connect their computers when needed.
The series offers two primary operating modes:
Host Mode: Enables users to conduct meetings through the hub’s built-in operating system without requiring a dedicated computer. This approach can simplify routine conferencing and reduce dependence on separate room PCs.
Bring Your Own Meeting (BYOM) Mode: Allows participants to connect a compatible laptop and use the hub’s conferencing peripherals with their preferred meeting software. This provides flexibility for organizations using different collaboration platforms.
Both modes require an external HDMI-compatible display to present meeting content to participants.
The Core Series includes three models designed for different meeting environments:
StarryHub Core20 : For Small Meeting Rooms
Designed for huddle spaces and smaller teams, Core20 combines a 4K wide-angle camera, 360-degree audio pickup, wireless screen sharing, and built-in conferencing capabilities. It provides a compact option for businesses seeking to introduce hybrid meeting functionality into smaller spaces.
StarryHub Core30: For Medium-Sized Conference Rooms
Core30 adds a dual-camera system featuring wide-angle and telephoto views, alongside AI-assisted speaker tracking and extended audio pickup. Its wireless casting and dual-display capabilities support presentations and collaboration in standard conference rooms.
StarryHub Core50: For Larger Meeting Rooms and Boardrooms
Core50 is designed for larger meeting environments requiring more advanced collaboration controls. It features dual 4K cameras, extended audio coverage, and an integrated touchscreen for meeting management, whiteboarding, and annotation. The touchscreen functions as a control and collaboration interface, while external HDMI displays present meeting content.
Across the series, features such as AI-assisted framing, noise reduction, and wireless content sharing aim to improve meeting accessibility and reduce setup complexity.starryhub.czur.com
CZUR’s approach to meeting-room technology emphasizes simplicity, flexibility, and the ability to work with existing office infrastructure.
Kang Zhou, Founder and CEO of CZUR, has previously emphasized the company’s vision of using artificial intelligence and integrated hardware and software to simplify workplace technology.
This philosophy is reflected in the StarryHub Core Series, which aims to make advanced conferencing capabilities more accessible while minimizing unnecessary equipment and complex installation requirements.
By offering different models and operating modes, CZUR seeks to accommodate the evolving collaboration needs of businesses and organizations.
Explore the New StarryHub Website
Businesses, IT professionals, and technology buyers can visitstarryhub.czur.com to explore the Core Series, compare models, review specifications, and contact the StarryHub team for additional information.
About CZUR
CZUR is a technology company focused on developing smart office and digital productivity solutions. Known for its book scanners, document scanners, and imaging technologies, the company has expanded its portfolio into intelligent meeting-room collaboration.
StarryHub is CZUR’s meeting-room collaboration product line, combining conferencing hardware, software, and AI-assisted capabilities to support modern workplace communication.
For more information, visitwww.czur.com.
Media Contact
CZUR StarryHub
Site: https://starryhub.czur.com/
Email：[email protected]
Facebook: https://www.facebook.com/CZURTechnology
Instagram: https://www.instagram.com/czurtech/
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Hire Virtue Introduces Adult Literacy and Employment Readiness Initiative
The Woodlands, TXThe Light & Literacy Bridge by Leslea Scott would help Texas adults strengthen reading skills and prepare for meaningful work.
The Light & Literacy Bridge by Leslea Scott would help Texas adults strengthen reading skills and prepare for meaningful work.
The Woodlands, TX
Hire Virtue LLC is introducing the concept for The Light & Literacy Bridge by Leslea Scott, a proposed adult literacy and employment readiness initiative that the firm intends to sponsor. The initiative would support Texas adults seeking greater confidence in reading, writing, everyday communication, and the practical skills involved in finding and navigating employment.
Engineered by Leslea Scott, President & Chief Talent Officer of Hire Virtue LLC, the concept connects adult literacy instruction with useful workplace and job search activities. The proposed program would help participants understand job postings, complete applications, organize their work history, prepare for interviews, use basic digital tools, and interpret workplace information.
The initial program design calls for a small, 12-week pilot combining instruction from a qualified adult literacy educator with guided practice and career preparation. Individual learning goals would recognize each participant’s existing strengths, experience, and priorities. Hire Virtue’s proposed contribution includes career guidance, recruiting expertise, and community and employer relationship development.
The Light & Literacy Bridge is grounded in the belief that adults deserve learning opportunities that preserve their dignity and recognize their potential. Its faith-rooted purpose would be expressed through compassionate service and respect, with participation open regardless of religious affiliation. The program’s guiding message is “Elevating confident readers, one human, and one word at a time.”
The initiative remains in the planning stage. Its operating structure, initial service location, funding commitments, instructional team, enrollment process, and launch date have not been finalized. The announcement introduces the idea and invites conversations with adult literacy educators, community organizations, potential host sites, and employers interested in contributing to its development.
Organizations and individuals interested in discussing the proposed initiative may contact our Press Manager at [email protected].
About Hire Virtue LLC
Hire Virtue LLC is a global RPO and talent solutions firm led by Leslea Scott, President & Chief Talent Officer. The firm supports employers and candidates through a human-focused approach to talent acquisition, transparent communication, and respectful candidate engagement.
Scenthound Bountiful Shares Fall Grooming Guidance for Local Dog Owners
CZUR StarryHub Announces New Website to Showcase Its Meeting Hub Solutions
Hire Virtue Introduces Adult Literacy and Employment Readiness Initiative
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