The Lagos Real Estate Fest 2024 marked a significant milestone as it celebrated its 5th edition, bringing together key players, innovators, and stakeholders in the Nigerian real estate market. Held in the vibrant city of Lagos, this year’s fest featured insightful keynote addresses, engaging panel discussions, and groundbreaking presentations. Attendees were treated to a wealth of knowledge on the latest trends, challenges, and opportunities shaping the future of real estate in Nigeria.
Opening Address
The event commenced with an inspiring opening address by Jamiu Ijaodola, CEO of Eventhive. Jamiu highlighted the fest’s journey over the past five years and its unwavering commitment to uniting diverse players in the Nigerian real estate market.
Keynote Address
Paul Onwunibi, CEO of Landmark, delivered a dynamic keynote on “Building the Model for the Future of Cities in Nigeria.” He stressed the need for a quantum leap in the Nigerian real estate sector, identifying key challenges such as infrastructure, rule of law, taxation, finance, human resources, and regulatory issues. However, he also outlined significant opportunities, including government and private partnerships, the growth of SMEs, mixed-use destinations, and the infusion of technology.
Paul encouraged attendees to “find out where people are going and get there first,” emphasizing the transformative power of technology in real estate. He concluded with a powerful message: “Develop the needs of today against the trends of tomorrow.”
Session 1: Nigerian Real Estate Market So Far
The first session featured panelists Babajide Odusolu, Kayode Odebiyi, Odunayo Ojo, Bolanle Ibitola, Chukwuka Okoye, Oleka Udenze, and Ebere Lisa. They addressed the impact of the macroeconomic situation on the housing market, untapped opportunities, compliance challenges, and discussed integrating sustainable practices into real estate development.
Session 2: Investment Trends and Nigeria’s Real Estate Market
In the second session, panelists Ayotunde Adesulu, Akinbola Akintola, Suzanne Oluwole, Bright Okereke, Idongesit Abia, Olubisi Shaola, and Lerato Lekena-Okoro explored the impact of recent regulations on investor confidence and the evolving landscape of developer-government partnerships. They also discussed how developers and investors can leverage data and market analysis to make informed decisions and mitigate risks.
Fireside Chat 1
A fireside chat featured Mrs. Tari Taylaur, Senior Special Assistant to the Governor of Lagos State on Environment, and Esv. Mrs. Fosudo Adebisi Olukemi, Director of Estate at the Lagos State Ministry of Housing. Facilitated by Gbenga Adigun, CEO of Rebar Perfecta, the session was highly engaging, with government representatives sharing regulatory efforts and addressing concerns raised by real estate players.
Fireside Chat 2
In another fireside chat, Evelyn Edumoh, GM of Arkland Properties & Investment Company Limited, shared insights on selling in the current real estate market. The session was facilitated by the event host, Moyosoreoluwa Eleso.
Session 3: Driving Growth in Nigeria’s Hospitality Market
The third session focused on “Driving Growth in Nigeria’s Hospitality Market.” Karl Hala and Dipo Adebo discussed obstacles and solutions for the Nigerian hospitality sector, with Ebere Lisa moderating the session.
Brand Presentations
Omobola Ayoola-Shuaib, BDM of Joe Etoniru and Associates, presented on JEA’s journey and their plans to bridge the gap of quality and sustainable housing in the market. Mojola Ola, CEO of Gridcrux, discussed “Solving the Power Conundrum with GCWatt,” highlighting energy management solutions for estate communities.
In-Conversation with PropTech
The “In-Conversation with PropTech” session explored the impact of technology on the property journey. John Oamen, CEO of Cutstruct, and Oluwagbenga Osowe, CEO of Buyletlive, shared insights on the challenges and strategies for wider PropTech adoption in Nigeria.
The Lagos Real Estate Fest 2024 successfully brought together industry leaders, government representatives, and innovators to address the challenges and explore opportunities in the Nigerian real estate market. From inspiring keynote addresses to insightful panel discussions and innovative presentations, the event provided a comprehensive look at the future of real estate in Nigeria. With a focus on technology, sustainability, and strategic partnerships, the fest set a clear roadmap for the growth and development of the Nigerian real estate sector.
