…urges stakeholders to take action

By Kingsley Adegboye

The Housing Development Advocacy Network (HDAN), has called on stakeholders in Nigeria’s real estate sector to take proactive steps in leveraging the industry as a key driver of economic recovery, job creation, and long-term prosperity.

Speaking ahead of the 3rd Annual Wemabod Real Estate Outlook, scheduled for February 11, 2025, at the Oriental Hotel, Victoria Island, Lagos, HDAN emphasized the need for strategic reforms and investments to unlock the sector’s full potential.

Festus Adebayo, Executive Director of HDAN and Convener of the Africa International Housing Show (AIHS), will be among the distinguished panelists at the event, themed “Real Estate Development: A Catalyst for Nigeria’s Economic Recovery.”

Adebayo, a leading advocate for housing development and policy reforms, will provide expert insights on how the real estate sector can attract critical investments, support economic diversification, and drive sustainable urban growth.

According to Adebayo, the real estate industry has the capacity to reposition Nigeria’s economy if supported with innovative funding models, improved regulatory frameworks, and increased private-sector participation.

He stressed that addressing housing deficits, expanding mortgage opportunities, and strengthening public-private partnerships are essential steps toward economic stability and national development.

The event will also feature key industry figures, including Babatunde Raji Fashola, SAN, CON, former Minister of Works and Housing who will deliver the keynote address, alongside other distinguished speakers such as ESV. Victor Alonge, President of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Kemi Olomola-Sijumade, Founder of Greenland Concepts Nig. Limited, and Arc. Erejuwa Gbadebo, Director/Board Member at Berger Paints Nigeria Plc.

These experts will engage in discussions on policy reforms, affordable housing solutions, and the role of real estate in economic transformation.

HDAN reaffirmed its commitment to advocating for policies that will enhance the ease of doing business in the housing sector while ensuring affordability and accessibility for all Nigerians.

Adebayo urged stakeholders, including investors, policymakers, and financial institutions, to participate in the event and contribute to shaping the future of Nigeria’s built environment.

HDAN, which boasts a membership of over 5,000 professionals across the housing and construction industry, has consistently championed innovative solutions to Nigeria’s housing challenges. The organization’s efforts range from advocating for housing.