Real Estate Players Chart Path for Housing and Investment Reform in Lagos
- Real estate stakeholders converged to find solution to the housing and investment challenges in the country
- Over 1,000 real estate developers, investors, policymakers, and professionals were in attendance
- Speakers at the event spoke on the need for collaboration between government and developers to achieve common development goals
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Real estate experts, investors, developers, and policymakers gathered in Lagos for the 2025 edition of the Real Estate Stakeholders’ Forum (RESF) to deliberate on housing and investment reforms in Nigeria.
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Speakers at the forum addressed issues around affordable housing delivery, land use reforms, modular housing innovations, and the widening housing finance gap.
The event titled the Real Estate Stakeholders’ Forum 2025 convened over 1,000 participants across the real estate value chain, was held on Tuesday, September 16.
Expert chart part for housing reforms
Barrister Festus Adebayo, a leading voice in the sector who spoke on the topic “The critical problem facing us today is housing affordability" stressed on the urgency of addressing housing affordability and professionalising real estate development, Guardian reports.
Also, Professor Timothy Nubi, Director of the Centre for Housing and Sustainable Development at the University of Lagos, called for stronger collaboration between government and developers to unlock Lagos’ full urban potential.
He said:
"No entity can thrive in isolation; partnership is key to successful urban development.”
A major resolution from the event was the adoption of the Real Estate Developers Association of Nigeria (REDAN) as the official voice of stakeholders.
The document, developed through extensive stakeholder consultation, outlines key proposals to fast-track housing reforms, simplify land titling, reduce overlapping taxes, and create new investment opportunities for sustainable urban growth.
Source: Facebook
Govt and real estate stakeholders collaborate
REDAN has been tasked with presenting the jointly issued communiqué to the government for consideration and action.
By selecting REDAN to lead this initiative, participants demonstrated confidence in the association’s ability to manage follow-up engagements and ensure the communiqué captures policymakers’ attention, the Nation reports.
The forum also resolved to produce a Policy Advisory Document, providing in-depth technical guidance and practical recommendations for Lagos State’s Urban and Regional Planning Department, with potential influence on national housing policies.
Nigeria’s housing deficit, is estimated variously at 17 million, 20 million, 22 million and lately 28 million units.
Participants at the event concluded with renewed optimism and a collective commitment to building a more inclusive, innovative, and investment-friendly real estate ecosystem across Nigeria.
Minister updates procedure to buy houses, invites Nigerians home, abroad
Earlier, Legit.ng reported that the Federal Ministry of Works and Housing is inviting interested Nigerians living in the country and abroad to apply as it has commenced the process of evaluating house sales under the National Housing Program.
According to the statement, part of the new sales process is the completion of an expression of interest form.
The statement also pointed out that all interested subscribers are to get their Expression of Interest forms for free from the Federal Controllers of Housing and Urban Development office in each of the 36 federal states and the Federal Capital Territory.
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Source: Legit.ng
