By Oluwatope Lawanson
Lagos State Governor, Babajide Sanwo-Olu, has restated his administration’s determination to transforming the state into a smart city, where technology and sustainable urban planning converge.
The governor gave the assurance at a Global Property Conference held on Saturday in Lagos.
The conference was organised by Gtext Holdings, a conglomerate that covers real estate and other businesses.
Dr Stephen Akintayo, Chairman Gtext Holdings said the conference was imperative in order to foster real estate development in Nigeria and globally.
The chairman expressed his commitment to providing innovative and affordable housing solutions.
Recall that the governor, at different forums, stated that by 2030 the smart city ambition of the state would have been fully realised.
Sanwo-Olu, represented by Mrs Temitope Akinbola, the Director, Lagos State Real Estate Regulatory Authority, said the state government had initiated projects to improve housing affordability and infrastructure.
“Also, partnering with private investors to develop housing projects, meeting diverse income levels.
“This is all part of our larger vision to ensure that every Lagos resident has access to safe, secure, and affordable housing, “ the governor said.
Dr Akintayo said that the conference was apt as the real estate sector was going through a tough season – from legal to police issues to government policies.
“I believe that if we want to get the Nigerian economy back on track, create jobs, boost the economy, we can turn Nigerian economy around just with the real estate sector.
“However, the bottlenecks have to be removed.
“First of all, the Land Use Act is not working the way it should work.
“The Land Use Act intends to provide affordable housing, “ he said.
Also speaking, a legal practitioner, Mr Femi Falana, urged parties seeking to succeed in the real estate sector to seek professional advice and make integrity their watchword.
“You need to study the environment; partner with those already in the business; and learn the act of succeeding in the business.
“Once you can do that, you must ensure that you are not too much in a hurry to make money to the extent that you sacrifice integrity, “ he said.
He also urged young professionals to seek financial, and legal advice, and to know the rudiments of the business in order to succeed.
According to him, this entails familiarising themselves with laws governing real estate in the country, the Land Use Act, and other relevant laws.
“So, you must also join the movement to get the government to contribute more in terms of prices of building materials.
“Also, in terms of registration of title documents, and reducing the cost of registering and processing documentation, “ Falana said.
To round up, Gtext Homes also hosted a spectacular dinner to commemorate its 9th year of excellence in the real estate industry.
The event brought together staff, realtors, valued clients, and stakeholders who have contributed to the company’s success.
The evening was filled with merriment and recognition as guests were treated to exquisite cuisine and entertainment.
Staff and realtors were honored and appreciated for their dedication and diligence, while clients were thanked for their loyalty and trust.
The anniversary celebration was a testament to Gtext Homes’ commitment to building strong relationships and delivering exceptional service.
As the company looks to the future, it reaffirms its pledge to continue providing top-notch real estate solutions.”
