Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has reaffirmed the state’s commitment to sustainable urban development and innovative housing solutions, calling for impactful real estate investment as a driver of economic prosperity.
Speaking at the prestigious Global Property Conference, organised by the Stephen Akintayo Foundation, which was held on Saturday at the Landmark Event Centre, Victoria Island, the Governor highlighted the transformative potential of real estate in Lagos, describing it as both a pathway to personal wealth and a cornerstone of the state’s broader development goals.
Represented by the Director, Monitoring and Compliance Department, Lagos State Real Estate Regulatory Authority (LASRERA), Mrs. Tope Akinbola, Governor Sanwo-Olu emphasised the importance of creating a sustainable, inclusive urban landscape for Lagos residents.
He said, “Lagos is a testament to resilience and growth – a city where real estate plays a pivotal role in building a prosperous future for all. Real estate investment offers both financial returns and positive social impact, particularly when pursued through sustainable and community-centred approaches.”
Governor Sanwo-Olu further outlined his administration’s vision to transform Lagos into a technologically advanced and sustainable smart city.
Key initiatives for achieving this goal, according to him, include expanding affordable housing options, improving infrastructure, and fostering public-private partnerships, which he described as essential pillars of progress.
Acknowledging the efforts of the Stephen Akintayo Foundation, Sanwo-Olu commended the organisation for creating a collaborative platform where investors, developers, and policymakers can work together to achieve impactful, long-term housing solutions
While urging participants to think beyond profit, the Governor encouraged them to recognize the role that responsible property investment plays in closing the housing gap and enhancing the quality of life for all Lagosians.
In his keynote address, the Chairman of GText and Founder of Stephen Akintayo Foundation, Dr. Stephen Akintayo disclosed that Nigeria’s dream of a trillion economy can be unlocked through the real estate sector.
“I believe strongly that if we want to get the Nigeria economy back on track, create jobs, boost the economy, just like we see in UAE, and other countries of the world, investing in the Real Estate Market is the way to go,” Akintayo said.
He further said that the purpose of the conference is to discuss and address some challenges clogging the real estate sector in Nigeria from legal to police issues and government policies, just to mention a few.
A popular Nigerian lawyer, Femi Falana, SAN, said that no country can develop without land documentation, adding that Nigeria needs to get it right in investment opportunities in the sector.
Falana, who stated that the development of properties across the world is a lucrative investment, further noted that Nigeria needs a Reform so that the real estate sector can grow.
Drawing industry leaders, international investors, and stakeholders, the conference provided a crucial forum for discussing challenges, sharing insights, and exploring new investment opportunities within Lagos’ dynamic real estate sector.
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