Real Estate

Experts push for shift towards sustainable housing practices

Published by

EXPERTS at a major international real estate summit in Lagos have called for a shift towards sustainable housing practices.

Leading the pack, former Vice President Yemi Osinbajo said a shift towards sustainable housing practices would not only reduce harm to the planet but also make shelter more accessible to all.

 He urged industry leaders to rethink how homes are built in Nigeria.

Speaking during the 75th World Congress of the International Real Estate Federation (FIABCI), Osinbajo said the future of real estate must reflect the needs of the people and the planet alike.

He pointed out that climate-responsive design using local materials is no longer a luxury, but a necessity. In his view, housing should serve everyone, not just the wealthy or formally employed.

He said governments needed to take social housing seriously not just as a policy tool, but as a smart investment that pays off both economically and socially.

Citing past and present examples, Osinbajo praised the efforts of former Lagos State Governor Lateef Jakande, who built over 30,000 homes between 1979 and 1983, and Borno State Governor Babagana Zulum, who added more than 12,000 units between 2019 and 2023. Despite financial challenges, both leaders were able to deliver results by planning well, buying materials in bulk, and hiring local contractors.

The former vice president noted that their success came down to political will and good strategy.

He also pushed for broader mortgage access that includes those working in the informal sector.

To help with that, he recommended embracing digital platforms such as Proptech, which can simplify land registration and reduce fraud.

FIABCI Nigeria’s President Akin Opatola echoed Osinbajo’s call, saying real estate isn’t just about buildings, it’s about people and progress.

 He described Lagos as a city full of energy and potential, ready to lead the way in innovation and sustainable development.

In a message delivered at the event, FIABCI World President Ramon Riera said the congress marked a turning point, not just for Africa, but for the global property market. He said Lagos, with its fast growth and vibrant culture, is the perfect place to explore new ideas in real estate and push for a more inclusive, eco-conscious future.

Meanwhile, the Lagos State Governor, Babajide Sanwo-Olu, has restated his commitment to fixing the city’s housing challenges.

Speaking at the event he highlighted new strategies aimed at making homes more available and affordable.

Themed “Global Real Estate Renaissance,” the forum attracted real estate leaders from around the world.

The governor, represented by Housing Commissioner Moruf Akinderu-Fatai, said housing is not just about shelter. According to him, housing also supports jobs, income, and stable communities.

He explained that his government has delivered nearly 10,000 homes in the past six years, pointed out that additional 14,000 units are planned by 2026

Sanwo-Olu stressed the importance of working with private developers.

His administration has created an environment that supports Public-Private Partnerships (PPPs). This approach helps speed up housing projects and makes homes more affordable, especially for low- and middle-income earners.

Lagos is also learning from global trends. The state is using modern tools and green practices in its housing plans. The goal is not just to build homes, but to build better neighborhoods.

These include cleaner energy, improved building materials, and smarter planning.

READ ALSO: HDAN wants FG to convert seized estate to rental housing for public ownership

Recent Posts

Osun 2026: INEC warns staff against political manipulation

"We shall not hesitate to prosecute whoever flouts the guidelines for the exercise as drawn…

6 minutes ago

JUST IN: Dangote Refinery slashes petrol price to N820 per litre

This development comes just days after the Nigerian National Petroleum Company (NNPC) Limited slashed its…

20 minutes ago

2027: Coalition has options outside ADC — Lukman

"All we can say is that whatever happens, Nigerians will have an option. Our right…

25 minutes ago

2027: Suspense as Rhodes-Vivour meets Aregbesola in Lagos

Labour Party's 2023 governorship candidate in Lagos, Gbadebo Rhodes-Vivour, has sparked interest ahead of the…

34 minutes ago

Mohbad’s father appeals Court ruling clearing Naira Marley, Sam Larry

He is seeking two major reliefs: an order of certiorari to quash the legal advice…

42 minutes ago

Canada: Check out new laws and regulations in Ontario

Effective from Canada Day on July 1, 2025, there are now some new laws in…

42 minutes ago