Lagos State Governor, Babajide Sanwo-Olu, recently underscored the pivotal role of innovation, sustainability, and inclusivity in the future of the real estate sector during a two-day event dedicated to real estate discussions and awards.
According to The PUNCH, the event, organized by Thinkmint Nigeria, took place at the prestigious Eko Hotel and Suites in Victoria Island, Lagos.
Represented by his Special Adviser on Housing, Barakat Odunuga-Bakare, Sanwo-Olu expressed appreciation for the 2024 Real Estate Development Awards, emphasizing the theme, ‘Navigating Change in Real Estate for a New Era’. He noted that this theme is particularly pertinent in light of the rapidly evolving landscape of the industry.
“The Governor reiterated that real estate encompasses more than merely constructing buildings; it is about cultivating communities, stimulating economic growth, and enhancing social development. He remarked, “This administration’s commitment to ensuring that Lagos State remains a leader in real estate development through comprehensive policies and investments in infrastructure.”
Sanwo-Olu detailed the state’s initiatives to streamline land title registrations and secure property ownership, such as the issuance of Certificates of Occupancy.
He highlighted how these measures have bolstered investor confidence and minimized property disputes, thereby making Lagos an increasingly attractive destination for real estate investments.
Moreover, the Governor pointed to the significance of infrastructure projects, including road expansions and transportation network developments, in unlocking the potential of strategic areas within the state.
He placed special emphasis on sustainability efforts, particularly in coastal regions like Eko Atlantic City.
He stressed the necessity of green building practices and flood defenses as part of Lagos’ long-term strategy to mitigate environmental challenges and climate risks.
In her welcome address, Managing Partner of Thinkmint Nigeria, Imeida Olaoye, commended industry stakeholders for embracing the theme, ‘Navigating Change in Real Estate for a New Era’.
She urged professionals to think creatively and collaborate in developing solutions to address current challenges within the sector.
Olaoye highlighted the crucial need to discuss shifts in technology, policy reforms, and market demands, all of which are vital for the future success of real estate.
The Managing Director of Lagos State Development and Property Corporation, Ayodeji Joseph, also stressed the importance of reshaping real estate strategies to adapt to the fast-changing world.
He noted that the theme aptly reflects the industry’s urgent need to rethink traditional approaches to maintain relevance.
Joseph reaffirmed LSDPC’s dedication to advancing solutions that meet immediate housing demands while fostering long-term economic and infrastructural growth.
He encouraged attendees to engage in meaningful discussions and explore innovative ideas to address the evolving needs of the real estate landscape, expressing optimism about the industry’s future and reiterating LSDPC’s robust support for the event.
