2 months ago
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The Lagos State Governor, Babajide Sanwo-Olu, has highlighted the importance of innovation, sustainability, and inclusivity in shaping the future of the real estate sector in Lagos.
He stated this recently during the two-day real estate discussions and awards, organised by Thinkmint Nigeria and held at the Eko Hotel and Suites, Victoria Island, Lagos.
Governor Sanwo-Olu, who was represented at the event by his Special Adviser on Housing, Barakat Odunuga-Bakare, praised the 2024 REDA for the theme, “Navigating Change in Real Estate for a New Era,” noting that it is particularly relevant given the evolving landscape of the industry.
He emphasised that real estate is not just about building structures but creating communities, driving economic growth, and fostering social development.
He said, “This administration’s commitment to ensuring that Lagos State remains a leader in real estate development through comprehensive policies and investments in infrastructure.
“On the state’s efforts to streamline land title registrations and secure property ownership through the issuance of Certificates of Occupancy, these initiatives have contributed to boosting investor confidence and reducing property disputes, making Lagos a more attractive destination for real estate investments.”
Sanwo-Olu also highlighted the critical role that infrastructure projects, including road expansions and the development of transportation networks, have played in unlocking the potential of key areas.
In addition, the Governor underscored the administration’s focus on sustainability, particularly in coastal areas like Eko Atlantic City, mentioning the importance of green building practices and flood defences as part of Lagos’ long-term strategy to address environmental challenges and climate risks.
Meanwhile, the Managing Partner of Thinkmint Nigeria, Imeida Olaoye, in her welcome address, commended the efforts of industry stakeholders in embracing the theme, “Navigating Change in Real Estate for a New Era”, calling on industry professionals to think outside the box and collaborate to create solutions that address current challenges.
Olaoye highlighted the importance of discussing shifts in technology, policy reforms, and market demands, all of which are critical to the future success of the real estate sector.
The Managing Director of Lagos State Development and Property Corporation, Ayodeji Joseph, emphasised the importance of reshaping real estate strategies to adapt to a rapidly changing world.
He noted that the theme of the event reflects the industry’s need to rethink traditional approaches to stay relevant.
Joseph reaffirmed LSDPC’s commitment to advancing solutions that meet immediate housing needs while promoting long-term economic and infrastructural growth.
He also encouraged attendees to engage in meaningful discussions and explore innovative ideas to tackle the evolving demands of the real estate landscape, reiterating LSDPC’s support for the event and expressing optimism about the future of the industry.
