Kingsley U.N. Chikwendu —
The Special Adviser to the Lagos State Governor, Mrs. Toke Benson-Awoyinka, during a Stakeholders meeting organized by State’s Real Estate Regulatory Authority (LASRERA), themed “Redefining Opportunities in Real Estate: Regulations and Expectations”, in Lagos, said investors and other relevant stakeholders in the housing industry can heave a sigh of relief from all forms of fraudulent practices, following the recent passage of a law for real estate practitioners by the State House of Assembly.
Toke Benson while speaking on the rationale for the Stakeholders Engagement, added that LASRERA and its stakeholders are eagerly awaiting Governor Sanwo-Olu’s assent to the new law. She also said that it was necessary to further engage relevant practitioners in the industry on the content of the law and also encourage them to take ownership of it.
She further expressed that the Lagos State government is ready to curb fraudulent activities in the real estate industry with right laws and regulations.
“The overall intention for this stakeholders forum is for all participants to learn new and relevant skills that would be useful in up scaling your businesses and developing the industry as a whole, she said. “ As a government that cares about this profession, we will continue to ensure effective and conducive environment for real estate business and investments to thrive in Lagos State”.
The Special Adviser went further calling on all the stakeholders to join hands with government to sanitize the sector, saying, “the real estate industry has visible and invisible untapped opportunities that can positively impact on the businesses of estate agents and other investors in the industry.
She stated “ to achieve this, it would require the collaboration of all industry stakeholders, including real estate professionals, practitioners and property developers to boost the sector in the state.”