feel free to call 09056000005

Nigeria real estate opportunities still untapped — ARCON president

The President, Architects Registration Council of Nigeria, Sir Oladipupo Ajayi, says Nigeria’s real estate industry offers great opportunities yet to be explored.

Ajayi said bridging the housing gap in many of the country’s urban centers could create jobs for professionals in the built environment.

The ARCON president, who spoke with journalists ahead of his 66th birthday, described Nigeria as a pregnant country full of opportunities.

“Real estate is a growing industry; we have not tapped 10 percent of the opportunities in the built industry because we have a deficit of housing. There is a lot in the cities of Lagos, Kano, Port Harcourt, and many others. So, we still have a huge opportunity,” he said.

Ajayi, however, stated that to help the industry grow, there should be a focus on manpower and technical development.

“We need manpower to manage the country; we need technicians in the built environment rather than importing from neighboring countries. Incompetence is the mother of corruption; when you remove it from a system, you are likely to get a good result,” he said.

Speaking on his tenure as ARCON President, Ajayi said since he came on board, almost all the schools offering architecture had been accredited.

“Right now, we have about 38 accredited schools, remaining two. It is a continuous process,” he said.

He noted that the feud between ARCON and the Nigerian Institute of Architects had also been addressed.

According to him, the issues were about the examination and classification of architects who graduated from universities and those from polytechnics.

Ajayi said, “I came into the council at a time when the councils of the NIA and ARCON were divided. When I came in I promised I would unite them and bring back peace. The two councils disagreed over exams matter. The first thing I did was to set up a committee from both sides.

“The issue of the HND was also a problem. They were excluded from registration because people believed they did not have sufficient educational background to be licensed as architects in this country. We decided that they pass through the necessary process of design, supervision and of course delivery. We held a lot of meetings with them and made them withdraw their case.”

He stated that since the revalidation exercise started, about 250 people had been registered and licensed.

Source: PUNCH 

Similar Topics

  Dr. Iziaq Salako, the Minister of State for the Environment, announced that Nigeria lost...

3 days ago Read More

Leading figures in the real estate industry have expressed concerns about unethical practices by...

4 days ago Read More

Nigeria has experienced approximately 604 building collapses between 1974 and May 30, 2024,...

4 days ago Read More

In the past twelve months, Governor Peter Mbah of Enugu State, South East Nigeria, has shown a...

10 days ago Read More

Land buyers at the Oko-Orisan waterfront residential scheme, developed by the Lagos State...

10 days ago Read More

A development that is apparently strange in this clime is brewing as construction workers in...

17 days ago Read More

The company’s Chief Executive Officer, Mr Odunayo Ojo, highlighted UPDC’s unwavering...

19 days ago Read More

The real estate sector has undergone significant regulatory changes impacting housing market...

20 days ago Read More

  The Nigerian Institute of Quantity Surveyors (NIQS) has announced plans to establish a...

24 days ago Read More

  Nyesom Wike, the Minister of the Federal Capital Territory (FCTA), announced that the FCT...

24 days ago Read More

Akintoye Adeoye, the newly elected President of the Real Estate Developers’ Association of...

26 days ago Read More

  The Ministry of Housing and Urban Development announced that 8,925 individuals have...

26 days ago Read More

The Building Collapse Prevention Guild (BCPG) has urged the Lagos State Government to investigate...

a month ago Read More

The Housing Development Advocacy Network (HDAN) has urged the Federal Government to declare a state...

a month ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has urged for a comprehensive review...

a month ago Read More

Ugochukwu Nwora, the Head of the Directorate of Valuation Standards at the Financial Reporting...

a month ago Read More

The Lagos State Government has issued a stern warning to individuals and entities operating in the...

a month ago Read More

Dr. Oluyinka Olumide, the Lagos State Commissioner for Physical Planning and Urban Development,...

a month ago Read More

The Lagos State Commissioner for Environment, Tokunbo Wahab, revealed that the government had...

a month ago Read More

Femi Adewole, CEO of Cooperative Mortgage Bank Ltd., revealed that out of roughly 340,000 policemen...

a month ago Read More