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Nigeria faces 1 of Africa’s largest lodging deficits, with millions of families incapable to entree affordable and unafraid housing. Behind this situation prevarication systemic issues specified arsenic delays successful onshore titling, aggregate taxation, inflationary gathering costs, and constricted owe access.
On Tuesday, 16th September 2025, the Real Estate Stakeholders’ Forum successful Lagos brought unneurotic implicit 1,000 stakeholders including developers, investors, financiers, policymakers, and allied businesses to code these barriers head-on. The Forum represented an unprecedented corporate effort by the manufacture to align connected solutions, fortify capitalist confidence, and make a level for reform. Discussions focused connected affordable housing, infrastructure gaps, modular and greenish lodging innovations, and financing models specified arsenic diaspora backing and REITs.
The Forum was not conscionable different conference. It delivered 2 factual outcomes. First, a Stakeholders’ Communiqué was issued, providing an contiguous connection of statement that captured what the manufacture demands from argumentation development, compliance, and enforcement agencies of government. Second, stakeholders resolved to nutrient a Policy Advisory Document, a elaborate evidence-based model to usher the Lagos State Urban and Regional Planning Department and service arsenic a blueprint for broader authorities and nationalist argumentation reforms.
A landmark solution from the Forum was the unanimous adoption of the Real Estate Developers Association of Nigeria, REDAN, to champion this people and contiguous the communiqué to the authorities connected behalf of the full industry. This determination gave the betterment docket a unified and credible voice.
The urgency of the task was highlighted by Barrister Festus Adebayo, who remarked that the captious occupation facing the assemblage contiguous is lodging affordability and that it is clip to professionalize existent property development.
Similarly, Professor Timothy Nubi of the University of Lagos highlighted the value of concern by stating that collaboration betwixt authorities and existent property developers is indispensable for unlocking Lagos’ afloat potential. No entity tin thrive successful isolation and concern is cardinal to palmy municipality development.
This infinitesimal is astir corporate and collaborative action. By uniting voices, the manufacture seeks to propulsion beyond rhetoric and execute existent argumentation alignment that tin unlock growth, foster a unchangeable concern climate, and fortify the narration betwixt authorities and credible players successful the assemblage for the eventual payment of Nigerians successful hunt of affordable housing.
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