Olopade and Others Task Government on Real Estate practitioners’ role
Also speaking, a professor of real estate management from the University of Lagos, Mrs. Modupe Omirin backed the call for the creation of Valuer Generals’ Office to advance the fortune of the real estate sector.
“The office of the valuer general will improve the perception of valuation work within ministries and outside the ministry. There will be a better grasp of the need to patronise estate surveyors and valuers.
She lamented that many young Nigerians are shying away from the profession due to their belief that it is a difficult terrain to breakthrough financially.
Prof. Omirin therefore, tasked practitioners to encourage them through mentorship while members must also boost the relevance of the profession across the board by acquiring new skills for job performance. According to her, the recent impact of flooding in Lagos State can be resolved by using mechanical engineering expertise in ensuring that drainages are properly channelled.
On his part, the guest speaker, Dr. Chidi Amuta, stressed the need for practitioners to collaborate with government and the private sector in the proper management of lands to solve the problem of homelessness, which he noted, has reached its peak in the country.
CHECK: PROPERTIES FOR SALE IN ABUJA
To mitigate the challenge of the deficit in housing, he said practitioners in real estate must strategically engage with governments at federal and state levels to address the housing needs of the nation.
He pointed out that the Nigeria’s embarrassing housing deficit is worst in an area that only government intervention can make a difference, namely, public housing. For him, the provision of houses for federal and state public servants, local government employees, rural and semi urban dwellers do not make sense to private real estate investors. He said only the government could take the necessary risks in a segment where the risk to return ratio is heavily weighted on risk.
Amuta appealed to the new executive council to work assiduously in eliminating charlatans and touts who he said have invaded the profession.