FIABCI Nigeria urges collaboration on ease of doing business

To ensure growth in the nation’s economic development, International Real Estate Federation (FIABCI) Nigeria has advocated effective collaboration among players in the private and public sectors to create an enabling environment, which would enhance the ease of doing business in the real estate industry.

FIABCI is a network of real estate processionals worldwide that provides access and opportunities for professionals interested in gaining knowledge, sharing information and conducting international business.

The FIABCI Nigeria President, Mr. Adeniji Adele who made the submission during a media chat on the proposed business forum and dinner scheduled early next year in Lagos, said: “FIABCI Nigeria aims to correct the negative notion and image perceived about Nigeria by the world and will continue to be part of positive changes, founded on a belief that Nigeria has a lot of great potentials and opportunities.”

Adele disclosed that several manufacturing concerns have the intention to come to Nigeria but deterred by unstable policies and regulations.

He lauded the Federal government for demonstrating commitment towards the creation of a competitive business environment by setting up the Presidential Enabling Business Environment Council (PEBEC).

He noted that there has been an improved business environment in Nigeria, especially in some states such as Lagos, Ogun, and Oyo that made efforts in their ease of doing business.

“The specific reforms spearheaded by PEBEC have yielded positive results as evidenced by World Bank’s Ease of Doing Business Index where Nigeria rank has continued to improve,” he said.

However, Adele said the states like Lagos should avoid multiple taxations regulate and reduce taxes, especially land use charges.

Adele called on the government to emulate the social housing sector in Europe and the United Kingdom. According to him, there should be a desperate effort to provide housing for low-income earners and curtail homelessness.

The Federation’s Secretary-General, Ayodeji Odeleye, explained that FIABCI Nigeria business forum will bring together heavyweights in the real estate business, commerce, and industry as well as finance. This year’s edition is titled, Ease of Doing Business” Real Estate Perceptive (series II).

Amongst the special guests are FIABCI World President, Mr. Walid Moussa, CEO and founder of Holland Contec and PropTech, Wouter Truffino and Ms Elena Panaritis, an economist and CEO of Thought for Action.

The group comprises members in 65 countries, including 100 professional associations, 65 academic institutions and 3,000 individual members from all professions in the real estate sector.