•S A To Gov. SANWO-OLU On Housing
It is with great pleasure that I welcome you to this Stakeholders Forum with the theme: “Redefining Opportunities in Real Estate: Regulations and Expectations’’, being organised by LASRERA.
Our
gathering here today is specifically designed for you distinguished Estate
Agents in Lagos State. We want to use this forum to seek ways of exploring the diverse opportunities
inherent for you in the Real Estate industry, while also exposing you to the
industry regulations and expectations.
The overall intention for this is for all
participants to learn new and relevant skills that would be useful in upscaling
your businesses and develop the industry as a whole. I believe we all know that
the growth of any state or nations’ economy can be redefined by the success of
the Real Estate industry in line with global best practices. This event is
organised to ensure that the policies of the Lagos State Government for the
Real Estate industry gains the confidence of Real Estate Agents, with a view to
curb fraudulent practices and deface negative and potential risks in the
industry.
As
a government that cares about this profession, we will continue to ensure
effective and conclusive environment service delivery for Real Estate business
and investments to thrive in Lagos State.
Let
me inform this gathering that the continuous rise in population, migration and
demand for properties from citizens home and abroad will lead to an increase
in the demand for accommodation, property investors and homeownership in Lagos
State hence the need for all practitioners in this sector to rise up to this
challenge and be ready to leverage on this fact.
The
Real Estate industry has visible and invisible untapped opportunities that can
positively impact on the businesses of Estate Agents and other investors in the
industry. To achieve this, it would require the collaboration of all industry
stakeholders including the real estate professionals, practitioners and
property developers to boost the Sector in the State.
To
unleash the endless opportunities that the industry has to offer, Regulations
must be put in place to enact and protect the interest of investors and the
general public. The regulations we will
discuss here today will lead to enforcement by the State Government.
As
Real Estate Stakeholders, we must be credible, accessible to provide accurate
information on properties sales and rentage, with ownership records when
dealing with prospects in the industry.
In
view of this, it is necessary for the Lagos State Government through the Lagos
State Real Estate Regulatory Authority-
LASRERA, to act as a registrant for Stakeholders in the Real Estate
industry across the State. As the Regulator for the State Government, LASRERA
has mandates to bring sanity to the Sector in order to strengthen these
competitive investments in buying or selling of properties or in seeking
accommodations by individuals or investors.
With
these regulations, I can assure you that there will be transparency in the Real
Estate industry. All hands must therefore be on deck to tackle all the
challenges in the industry, alleviate the fears of the public and investors so
that we can all benefit from these endless opportunities in this industry and
emerge stronger. The State Government is ready to curb fraudulent activities in
this industry with the right laws and regulations. This is in line with this
present administration of Governor Babajide Sanwo-Olu’s T.H.E.M.E.S Agenda of
making Lagos State a 21st Century Economy. Countries of the World have taken
the Real Estate industry as a serious business and have contributed immensely
to the Gross Domestic Product of the economies and we cannot be left behind.
In
Nigeria, Real Estate remains one of the major investments that attract local
and foreign investors. For us in Lagos State, we will not relent in tapping
fully into these numerous opportunities. I urge you all to play your part to
grow and develop the Real Estate industry in Lagos State. I believe our
deliberation would yield impactful expectations in the Real Estate industry.
Thank
you
Mrs
Toke Benson-Awoyinka
Special
Adviser (MOH)
August
3rd, 2021.
WELCOME
ADDRESS DELIVERED BY THE SPECIAL ADVISER TO LAGOS STATE GOVERNOR ON HOUSING,
MRS TOKE BENSON-AWOYINKA, DURING THE FIRST STAKEHOLDERS FORUM WITH ESTATE
AGENTS IN LAGOS STATE, HELD AT ORIENTAL HOTEL, VICTORIA ISLAND, LAGOS ON TUESDAY, AUGUST3RD, 2021.
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