The Home Lottery Limited, owners of the Home Lottery brand, has announced the pioneer home lottery brand in Nigeria.

In a statement on Wednesday, the company said it is set to make many landlords in Lagos.

According to the statement, “The motivation to source for the housing needs of over 23 million Lagosians and 86 migrants per hour into the city is the brainchild of this concept,” the statement read.

“According to the National Bureau of Statistics, Lagos has a shortfall of 2.5 million homes which represents 14.7% of the total housing deficit of the country which stands at 17 million as at 2016.

“Home Lottery Limited is the solution to the craving need of making ownership of home affordable and accessible to every Nigerian starting with those in Lagos. Home lottery plans to create homes to all segment of the population from the super-rich premium home owner’s city dwellers to the upwardly mobile sub-urban dwellers.

“Home Lottery seeks to address this need by offering the opportunity to own a home in a most accessible and affordable way providing hundreds of homes annually through a credible, sustainable and trusted lottery scheme properties in Lagos developing to all over Nigeria.”

It said its core target market are male/female adults between the ages of 25 and 75 who have a flare for lottery brands and are able to start participating in the exercise because they desire a reason to win a home.

“The activation mechanism is simple,” said Oladayo Oyelaja, the project lead of Dreamview Enterprises.

“All you have to do is to send an SMS ‘home’ to 718 on an MTN network and this qualifies a participant a single entry for the monthly raffle that has a star prize of a home. Multiple play increases the chance of winning the star prize at the monthly raffle where a winner would emerge. Next draw comes up on April 1, 2019.”

According to him, subsequent draws will be conducted monthly (Home) and quarterly (Mega) as the scheme progresses.