Gtext to heavily diversify business in next growth phase, says Founder

Stephen Akintayo, founder and chairman, Gtext Holdings, has said that the real estate company would heavily diversify its business portfolio in the next phase of growth trajectory.

“The next 10 years we are heavily diversifying. Our agric business is, you know, hoping the next 10 years to be one of the largest sellers of rice across Africa,” Akintayo said at the recent Gtext Homes and Gtext Lands 10th anniversary celebration tagged, ‘The road to 2030: Real estate trends that will shape the next decade.’

Akintayo disclosed that the business will diversify more into retail in the next 10 years by developing facilities like malls, schools, hospitals, to service its estates across 30 locations in Nigeria.

According to him, the business was heavily involved in land acquisition in the last 10 years, because of the strategic role land plays in real estate development.

Read also:Gtext champions future-proof wealth creation through real estate

“The way we did it was the first 10 years, acquire land, because land is the base for every economic activity and if you can just have land in strategic location, from there you can have a mall, you can have a school, you can have hotels, every other thing can be built on the land,” he said.

Akintayo also disclosed that Gtext Homes will resume physical development of its estates as part of a strategic growth plan. “We also are going now into housing; we paused the housing because of what has been going on.

“So we’re hoping that in the next 10 years, we should have 25,000 houses in Africa that have been built by us,” Akintayo said.

Bukola Lukan, the group chief operating officer (GCOO) Gtext Holdings, said Gtext Land and Gtext Homes is not just marking a milestone in years but celebrating a decade of vision, excellence, integrity, and growth.

“As we celebrate this 10-year journey, we also look ahead — to the next decade of innovation, sustainable growth, and continued impact in the real estate industry. Together, we will build not just houses but homes, communities, and legacies,” she said.

Lukan also took time out to appreciate clients, partners, and investors. “To our clients, thank you for trusting us with your dreams. To our partners and investors, thank you for believing in our vision.

“And to our dedicated team, past and present — you are the heart of this success story. Your commitment, creativity, and hard work built the foundation we proudly stand on today,” Lukan said.