Kindly Share This Story:By Kingsley Adegboye The Managing Director of Property World Africa Network ( PWAN) Plus, Business Concerns, a subsidiary of PWAN Plus, Julius Oyedemi, has noted that until Lagos state government regulates its burgeoning real estate sector, it will continue to lose the huge income from the sub-sector. Oyedemi who expressed the view while supporting the state government’s recent expression of intention to regulate the real estate sector, said “It is a dream come true, a good one. You cannot overlook the real estate industry in Nigeria, especially in a place like Lagos where we have over 20 million people occupying the land space. There is huge housing deficit. I learnt from a reliable source that real estate is contributing a little to the GDP of Lagos state”. He however, added that if there is a proper regulation of what he described as “The robust activities of estate developers in the state, real estate contribution to the state’s GDP would definite increase far and above than what it is currently obtainable”. He believes that the current performance is infinitesimal; and attributable to poor data collation regarding real estate activities and players in the state. According to him, “What… Read full this story
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