Stakeholders Urged to Chart New Path to Effective Real Estate Regulation in Lagos

Fadekemi Ajakaiye 

Special Adviser to the Lagos State Governor on Housing, Barr. Barakat Odunuga Bakare has charged real estate practitioners in the state to evolve strategies that will ensure better and effective regulation of the property sector.

Bakare gave the advice during a day’s engagement/interactive session with real estate stakeholders in Lagos, recently.

Welcoming the partcipants, the Governor’s Special Adviser said, “For me, and I dare say for all of us, today marks a significant milestone as we come together to engage in a meaningful dialogue and chart a new path to an effective regulatory landscape that Will shape our industry. 

“Today in this room, we have a diverse group, representing several parts of the real estate sector: from developers and agents to financiers and government officials. Your attendance here underlines the significance of collaboration and open communication in steering the multifaceted landscape of real estate regulations. 

“As we converse today, our goal is crystal clear: to create and nurture an environment that not only obeys existing regulations but also open the possibilities for innovation, creativity, sustainability, and, most importantly, the wellbeing of those we all jointly serve – our communities. 

“Throughout the course of today’s discussions, let’s uncover the issues, challenges and opportunities that lie ahead. Let’s share insights, understand differing perceptions, learn from each other’s experiences, and jointly contribute to the evolution of a regulatory framework that aligns with the dynamic nature of the real estate industry.”

He encouraged each of them to actively participate, ask questions, and contribute their own perspectives, saying, “It is through this collaborative effort that we can guarantee the regulatory landscape is not just a set of rules but a dynamic force that nurtures responsible growth and development. 

“I must thank you for making out time out of your horrendous schedule to be here with us. I am extremely confident that our thoughts and conversations today will create the way for a more buoyant and transparent future for the real estate industry. 

“As I wrap up, I want to assure you that I am standing before you today as a representative of the Lagos State 

Government, and I have come with a very clear message: which is a deliberate commitment to support and collaborate with each of you as you navigate the real estate terrain in Lagos State. Additionally, I want to leave you with the assurances that our government appreciates and values your critical contributions to our economy through your real estate development enterprise.” 

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