Empowering Women In Real Estate
Real estate market includes discussions on empowering women in the industry, easing rent burdens, and the potential establishment of a building commission.
The Lagos government is also urging stakeholders to halt illegal agency fees and rent hikes, while the FG plans to build 100 housing units in each of the 774 councils. Additionally, Lagos is seeking private sector investment in infrastructure development.
Here’s a more detailed breakdown:
Empowerment of Women in Real Estate: Stakeholders are advocating for initiatives to empower women in the real estate sector.
Easing Rent Burden: Lagos is taking steps to alleviate the financial strain on residents, including tasking organizations like NIESV and REDAN to address rent issues.
Potential for a Building Commission: The government may establish a building commission, potentially streamlining the building process.
Urging Stakeholders to Halt Illegal Practices: Lagos is urging real estate professionals to stop illegal agency fees and rent hikes.
FG’s Housing Plans: The Federal Government plans to construct 100 housing units in each of the 774 local councils.
Private Sector Investment: Lagos is actively seeking private sector investment in infrastructure development.
Real Estate Overtakes Oil: Real estate has surpassed oil and gas as the third-largest sector in Nigeria’s economy, according to preliminary GDP figures, says Punch Newspapers.
Housing Deficit: Nigeria faces a significant housing deficit, with over 20 million people lacking adequate shelter.
Visa Policies and Housing Demand: Stricter visa policies are driving increased housing demand in Nigeria as potential emigrants remain in the country
