The 5th edition of the Economic and Real Estate Outlook series organized by Fine & Country in collaboration with Business Day and Lagos Business School, recently took place at the Lagos Business School. The programme themed Navigating Change, served as a platform to set the tone for the year in the real estate Industry, while deliberating on the impact of the current economic and political climate on the Industry.
During one of the panels, MD/CEO, Afriland properties plc, Uzo Oshogwe, harped on the need for an urgent collaboration and intervention of real estate professionals to examine and propose a review of some government policies in order to create a conducive environment for the industry to thrive. ‘Government policies impact businesses directly or indirectly and the more unfavorable they are, the more businesses struggle to survive. We as professionals must make a conscious effort to take the lead in the appeal for a business-friendly environment’.
She also referred to the newly passed bill on land Use Charge by the Lagos State House of Assembly, awaiting the governor’s assent, as a development that could further deepen the challenges that exist in the sector.
Also present at the event were Mr Hakeem Ogunniran, MD/CEO, UACN Property Development Company, Mr. Ben Akaneme, MD, Imperial Homes, Mr. Adeleye Adeniyi, Head, Real Estate Finance (West Africa), Standard Bank Group, Dr. Henrietta Onwuegbuzie, Senior Lecturer, Lagos Business School, Mr. Andrea Geday, MD, Elelan Construction and other leading experts in the real estate industry.