Dr Stephen Akintayo, chairman, Gtext Holdings, on Saturday disclosed that Nigeria’s dream of a N1 trillion economy can be unlocked through the real estate sector.
Akintayo made this known during the Global Property Conference held at the Landmark event center in Lagos over the weekend.
“I believe strongly that if we want to get the Nigerian economy back on track, create jobs, boost the economy, just like you see in UAE, just like you see in America with over 3 trillion real estate industry, we can turn the Nigerian economy around just with the real estate sector,” Akintayo said.
He said further that the conference was organised to discuss and address some of the challanges clogging the real estate sector in Nigeria.
“From legal to police issues to, of course, government policies. We felt we needed to bring all the stakeholders together. It was good for investors, for practitioners to listen to them and also raise their concerns,” Akintayo said.
He said that some of the resolutions reached at the conference are capable of solving identified challenges if properly implemented by the government and industry players.
“But the bottleneck has to be removed. And what we discussed today are the right solutions that can really solve those problems,” Akintayo said.
Babajide Sanwo-Olu, Lagos State governor, said that the state government is dedicated to transforming Lagos into a smart city where technology and sustainable urban planning converge.
“We have initiated projects to improve housing affordability and infrastructure, partnering with private investors to develop housing projects that meet diverse income levels,” said Sanwo-Olu, who was represented by
Barakat Odunuga-Bakare, Special Adviser to Lagos State Governor on Housing, also represented by Tope Akinbola, director, monitoring and compliance department, Lagos State Real Estate Regulatory Authority (LASRERA).
He said further that current administration in the state is working to ensure that every Lagosian has access to safe, secure, and affordable housing as part of its larger vision.
According to Sanwo-Olu, the conference represents a unique opportunity to explore the transformative potential of real estate as a catalyst for prosperity, economic growth, and legacy-building.
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.”