Real Forte CEO Pioneers 10% Down Payment Model with Launch of Nova City Community

Real Estate Developer Ayobami Folarin

Nigerian real estate developer Ayobami Folarin is challenging conventional industry practices with an innovative financing model that could significantly expand access to homeownership across Africa.

His company, Real Forte Estate Limited, has unveiled Nova City, a residential development backed by a groundbreaking 10% Homeownership Initiative a scheme designed to eliminate the traditional hurdle of high down payments.

Located in Apo Tafyi, Abuja, Nova City is envisioned as a self-sustaining community for over 300 families. The development will feature a wide array of amenities, including farmers markets, fully equipped gyms, jogging trails, EV charging stations, sports arenas, and event centers.

“Nigeria doesn’t just need more houses,” “We need communities that actively improve health, security, and quality of life. Nova City demonstrates what happens when you design for human flourishing, not just shelter.”Folarin states.

In contrast to the conventional Nigerian real estate market, which typically demands down payments of 30–50%, Real Forte’s 10% model significantly lowers the entry barrier. This makes quality homeownership feasible for a broader segment of the population, particularly middle-income families.

“Homeownership should be a right for every Nigerian, not a privilege for the few,” Folarin affirms. “Our 10% initiative opens doors that have long been closed by prohibitive upfront costs.” Folarin stated.

Folarin brings over a decade of experience in real estate development, supported by academic credentials from Bingham University, the London School of Business and Finance, and the International Career Institute (UK). Under his leadership, Real Forte has successfully delivered more than 200 housing units across Abuja, earning a reputation for reliability and execution.

Nova City is designed with robust infrastructure, including solar-powered street lighting, 24/7 electricity, treated water systems, and comprehensive CCTV security coverage. The project embodies Real Forte’s mission to create communities that not only retain long-term value but also elevate residents’ quality of life.

Real Forte’s broader portfolio includes high-growth developments such as Greenland Estate, The Glade, and The Oasis, all strategically located within Abuja’s expanding urban corridors.