FIABCI to honour institutions, individuals in real estate sector

The Nigerian chapter of the International Real Estate Federation (FIABCI) plans to honour and promote individuals and institutions recognized as drivers of growth in the real estate sector.

The award by the federation is an integral part of its Annual Award and Business Dinner 2017 and will help motivate the domestic real estate space, as well as drive excellence, encourage creativity and promote good business environment.

FIABCI Nigeria president, Mr. Joseph Akhigbe, who spoke at a press conference addressed by the federation in Lagos recently said that the theme of this year’s Award and Dinner is ‘Real Estate: It is All About the Economy’, and listed the five various categories of awards slated for this year as Finance (Most Effective Real Estate Financier), architecture and design, Public Private Partnership, real estate journalist, developer and urban planning.

As a worldwide real estate organisation, FIABCI membership cuts across all segments of real estate industry including commercial, residential, retail, commercial office and industrial space. It has members in 65 countries including 100 professional associations, 65 academic institutions and 3,000 individual members.

“FIABCI is the most representative organisation of the real estate industry in the world and holds special consultative status with the Economic and Social Council (ECOSCOC) of the United Nations”, Akhigbe informed, assuring that the forth-coming annual dinner would provoke thoughts on both the economy and the real estate sector.

Nigeria’s Minister for Power, Works and Housing, Babatunde Raji Fashola is expected at the Dinner as the special guest of honour while Doyin Salami, a teacher at the Lagos Business School and a member of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) will be the guest speaker.

In several ways, the local chapter of the federation gets involved in international economic and social engagements, which it localizes for the real estate sector and the beneficiaries of real estate assets.

Chudi Ubosi, the federation’s Africa president, recalled at the press conference that, earlier this year, the federation launched a campaign on moderately-priced or affordable housing for which it sought private sector interests to partner with in order to proffer solution to the problems associated with the delivery of such houses.