Akpabio: Real Estate sector holds key to Nigeria’s economic growth
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President of the Senate, Godswill Akpabio, has declared that Nigeria’s economic future hinges on strategic real estate policies, transparent land administration, and sustainable infrastructure development.
Speaking in Lagos on Friday during his investiture as a Fellow of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Akpabio underscored the pivotal role of the real estate sector in stabilising the economy, boosting investor confidence, and bridging the nation’s housing deficit.
The special assistant to Akpabio, Jackson Udom, in a statement, quoted the senate president to have praised estate surveyors and valuers for being the silent architects of Nigeria’s economic transformation, ensuring that investments in land and property remain secure and viable.
“Without your expertise, businesses would struggle to invest, and the dream of homeownership for millions of Nigerians would remain just that — a dream,” he said.
He noted that as global economies shift towards real estate-backed financial stability, Nigeria must position its property and housing sectors as key drivers of economic growth.
The Senate President pledged legislative backing for policies that will make housing more affordable for Nigerians, ensure land administration is transparent and corruption-free, attract local and foreign investments into the real estate sector and promote urban planning that supports economic expansion
“The policies we enact and the reforms we champion must align with a vision where real estate is not just a private asset but a national economic tool,” Akpabio emphasised.
With Nigeria facing an estimated 28 million housing deficit, Akpabio stressed the need for strategic collaborations between the government, private sector, and real estate professionals to provide sustainable solutions.
“Housing should not be a luxury but a right. Our goal is to create a framework where every Nigerian, regardless of income level, can own a home without financial strain,” he stated.
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