Dr. Kennedy Okonkwo, the Group Managing Director of Nedcomoaks Limited, has been singled out as an innovative real estate entrepreneur, philanthropist, and business leader who has played a major role with his visionary approach to transform and revolutionize the Nigerian housing sector.
Okonkwo was at the weekend in Lagos honoured as The Sun Newspapers Entrepreneur of the year for his efforts in providing affordable, modern homes that blend modern designs, comfort, and strong innovation was also commended for his deep commitment to real estate innovation, fostering technological advancement, and empowering young entrepreneurs.
In a press statement by his company, Nedcomoaks to congratulate him for the award praised Okonkwo for his emergency as a leader who not only builds homes but also transforms communities and creates opportunities for economic empowerment.
In a short profile to celebrate the award, the company said: “In 2007, Dr. Okonkwo founded a property management company – Nedcomoaks Limited from the scratch, without any capital, which is a bold move that demonstrates resilience, strategic foresight, and an unwavering belief in his vision.
“Today, Nedcomoaks Limited has grown into a major player in the real estate industry, focusing on architectural design, housing development, and project consultancy, delivering high-quality residential properties tailored to Nigeria’s growing middle class.
“Talking about Nedcomoaks is talking about modern designs, comfortable homes, and strong innovation. The company is committed to redefining urban living by integrating cutting-edge technology, sustainability, and community-centered development. This vision has driven the company’s operations for nearly two decades, ensuring that thousands of Nigerians now have access to well-structured, aesthetically pleasing, and functional homes.
“Through its subsidiary, Victoria Crest Homes, Nedcomoaks has successfully provided thousands of affordable housing units. Some of its most notable projects include: Victoria Crest V, Victoria Nest III, Citadel View, Empire Terrace,
Each of these projects is tailored to meet the growing demand for affordable yet luxurious housing, especially for Nigeria’s emerging middle class.”
The company praised Okonkwo, saying he has has expanded his business frontiers to multiple subsidiaries to further its vision.
They listed some of them to include; Dream Court – A subsidiary focused on investment and property development,
Dream Estate, Lekki – A real estate development initiative providing premium housing solutions, Dream Court Facility – A property management and facility maintenance division.
It said: “Additionally, Nedcomoaks has expanded into entrepreneurial and social impact initiatives through Creative Enterprise Hub – A platform for fostering creativity and business innovation and Ojoto Fest – A cultural initiative celebrating arts and community development.
“One of Dr. Okonkwo’s most groundbreaking achievements is spearheading Nigeria’s first fully solar-powered community, reinforcing his commitment to sustainable urban development and renewable energy solutions.
“By integrating solar power into residential estates, he has set a new standard for eco-friendly housing, reducing dependency on traditional electricity sources and lowering residents’ utility costs.
“Nigeria’s housing deficit is a persistent issue, with millions of citizens struggling to secure decent accommodation, but Dr. Okonkwo has consistently advocated for public-private partnerships (PPPs) as a means of addressing this challenge. His belief is that collaboration between the government and real estate developers, can bridge the country’s housing deficit and create better infrastructure. Through Nedcomoaks, he continues to push for real estate policies that encourage investment, ease of home ownership, and infrastructural development across Nigeria and Africa,” the statement read.
