- Governor Babajide Sanwo-Olu's government says the real estate is an opportunity to create more jobs
- The governor's aide, Toke Benson-Awoyinka, argues that the real estate sector has the capacity to grow the nation's economy but is hardly considered
- Benson-Awoyinka describes the sector as a 'game-changer' which the Nigerian government must focus on
Governor Babajide Sanwo-Olu's administration is concerned that the real estate sector of the Nigerian economy is not harnessed enough to help the country's development.
At a time Nigeria is reeling in the effects of a challenging economy and unemployment, the government, through Toke Benson-Awoyinka, Sanwo-Olu's aide, sees the sector as one that create massive jobs and, thusm combat hunger.
Benson-Awoyinka, who is the special adviser to the governor on housing, made the revelation at the end of a conference on real estate in the state.
According to her, the government understands that the housing sector has a huge capacity to contribute to the country's Gross Domestic Product (GDP) as well as help with job creation and other social benefits at this period of the nation's journey.
A statement by Adeoti Sobowale, an assistant director, noted that the conference was organised by the Lagos State Real Estate Regulatory Authority (LASRERA).
Benson-Awoyinka noted that there was a housing deficit, but added that fixing the challenge would end up being a 'game-changer' in the efforts to better the state and the country.
She lamented that the housing sector was not enjoying the much focus it deserves in the country when compared with other less important areas getting attention.
According to the special adviser, real estate sector is a market with a huge multiplier effect on the bigger economy of the nation and the African continent.
She was quoted as saying:
"The real estate/ housing sector remains a critical component of the economy that represents one of the fundamental needs for livelihood considering its influence on the health, social behavior, efficiency, contentment and overall welfare on the citizenry and society."
Legit.ng earlier reported how the federal government recently partnered with some experts through the works and housing ministry with a view to building about 2000 housing units.
According to a statement made available to Legit.ng, minister of works and housing, Babatunde Fashola, was instrumental in making this a reality.
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Source: Legit.ng News