By Rukayat Adeyemi
Lagos, Dec. 5, 2024
The Lagos State Government has reaffirmed its commitment to sustainable urban growth, while prioritising safety, sustainability, and resilience.
Ms. Bakarat Odunuga-Bakare, Special Adviser to Governor Babajide Sanwo-Olu on Housing, made this known on Thursday during a news conference announcing the 5th Lagos Real Estate Marketplace Conference and Exhibitions.
The conference, organised by the Lagos State Real Estate Regulatory Authority (LASRERA), will take place from Dec. 10 to Dec. 11 at Eko Hotel and Suites in Lagos.
According to her, the focus of the state government on sustainable development practices is critical, as it faces growing challenges in managing the increasing demand for housing.
Odunuga-Bakare said that the state government was also addressing environmental concerns, and improving the safety and integrity of its built environment.
She stated that Lagos remains one of the fastest-growing cities in the world and a major economic hub in Africa.
Odunuga-Bakare said that the real estate sector plays a significant role in driving this growth, creating jobs, attracting investments, and contributing to the development of the state’s infrastructure.
The special adviser noted that Lagos had become a beacon of progress, innovation and sustainable development in the real estate sector under the leadership of the governor.
She said: “The theme of this year’s conference is “Reimagining the Lagos Landscape: Ensuring Sustainable Real Estate Development Practices.
“This reflects our commitment to ensuring that the rapid growth of our urban spaces does not come at the expense of safety, sustainability, and resilience.
“At the 5th Lagos Real Estate Marketplace conference, we will be focusing on key areas such as innovation in housing solutions, sustainable building practices, regulatory reforms, and investment opportunities.”
The lawyer noted that the conference was not just another event, but a strategic step toward building a safer, more sustainable, and resilient real estate sector in Lagos State.
“The event will bring together an exciting lineup of speakers and panelists, including thought leaders, real estate developers, investors, policymakers, and regulators who will engage in deep, insightful discussions on these pressing issues.
“We believe that through collaboration, knowledge-sharing, and a collective commitment to change, we can overcome the challenges facing the real estate sector,” she added.
According to her, the conference will also serve as an opportunity for industry professionals to explore new business opportunities, learn from each other’s experiences, and contribute to shaping the future of real estate in Lagos.
Odunuga-Bakare further said that one of the most pressing issues the state must tackle was ensuring that its real estate industry remained transparent, accountable, and professional.
She emphasised that regulatory frameworks were needed to safeguard the interests of both the public and private sector stakeholders.
The special adviser said that this made the state to continue to strengthen LASRERA, charged with the responsibility of registering and regulating real estate practitioners in Lagos.
Odunuga-Bakare said that by enforcing standards, monitoring compliance, and encouraging transparency, LASRERA ensures that only qualified professionals are involved in real estate transactions.
The lawyer added that this was essential in restoring confidence in the sector, while ensuring that the state does not repeat the mistakes of the past.
She appreciated all the sponsors, exhibitors, and participants for their invaluable support and commitment towards the conference and the growth of the real estate sector in Lagos.
“Together, we will continue to ensure that our state remains a model for growth and development in Africa,” she said.
