BusinessDay Newspaper (June 17, 2024)

Headline: Fresh Hurdles On the Way to Registering Property in Lagos Worry Investors

Despite efforts by the Lagos State government to enhance real estate investment and streamline business operations, investors remain dismayed by the extensive property registration requirements.

In January, Governor Babajide Sanwo-Olu launched a land administration portal aimed at expediting property registration, reducing corruption, and securing titles. However, real estate developers contend that the 17-step registration process, involving multiple governmental agencies, discourages investment and complicates business operations.

Critics highlight the stark contrast with mature markets like London, where developers navigate just nine steps, often from their office or home, minimizing interaction with officials.

Gbenga Olaniyan, Chairman of Estate Links, emphasized the need for Nigeria to reduce bureaucratic hurdles to attract diaspora investment and fulfill developmental promises.

Punch Newspaper (June 24, 2024)

Headline: Stakeholders Canvass Tech Adoption to Tackle Building Collapse

Stakeholders in Nigeria’s built environment are calling for greater use of advanced technologies to prevent building collapses. Babatunji Adegoke from the Nigerian Society of Engineers highlighted a reliance on basic emergency contacts rather than advanced solutions like drones and AI, which detect structural defects early.

Others, like Gideon Mfonabasi of Jofame Integrated Limited, emphasize the need for tech-driven monitoring to avoid human errors.

Despite economic concerns, experts agree that improving technology integration is crucial for building safety in Lagos State

JUNE 2024 REAL ESTATE HIGHLIGHTS

JUNE 2024 REAL ESTATE HIGHLIGHTS