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Original reporting by BusinessDay
The Nigerian real estate landscape is witnessing a shift toward more sophisticated financing models, and Managing Director/CEO Ayoolanrewaju Kuyebi is positioning Godmade Homes Limited (GMH Luxury) at the forefront of this evolution.
In a significant move that underscores growing investor confidence, Ayoolanrewaju Kuyebi recently announced the successful conclusion of the company’s ₦3.7 billion Series 1 Commercial Paper (CP) issuance. This debut sale, part of a larger ₦10 billion Commercial Paper Programme, marks a major milestone for the company as it taps into the domestic debt capital market to fuel its ambitious growth plans.
A Vote of Confidence from Investors
The issuance, which opened in January 2026, was met with overwhelming demand. Originally targeting ₦3 billion, the offer was oversubscribed by 123%, eventually reaching ₦3.7 billion.
Ayoolanrewaju Kuyebi on the Future of GMH
According to Mr. Ayoolanrewaju Kuyebi, the proceeds are earmarked for two primary purposes:
- Completing Ongoing Projects: Ensuring that the company’s current portfolio of high-quality residential and mixed-use developments is delivered on schedule.
• - General Corporate Purposes: Strengthening the company’s operational backbone as it expands its footprint across Nigeria’s key urban centers.
“Our participation in the capital market represents an important step in our growth strategy,” Kuyebi stated. “It reinforces our commitment to delivering affordable, high-quality housing solutions across Nigeria.”
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https://businessday.ng/companies/article/godmade-homes-raises-n3-7bn-in-debut-commercial-paper-sale/?amp
