EKO NEWS
Lagos Govt Unveils Plans To Enhance Real Estate Sector Through Specialized Training
Eko Hot Blog reports that the Lagos State Government has identified the need to provide specialized training for practitioners in the state’s real estate sector, according to the Special Adviser to the Governor on Housing, Barr. Barakat Odunuga-Bakare.
Editor’s Pick:
- FG Begins New Expatriate Job Policy, Violators Risk N3m Fine
- Price Of Block In Nigeria As Cement Sells For Over N10,000
- Osimhen Misses Chance To Extend Scoring Streak As Napoli Secures Historic Victory Over Juventus.
Odunuga-Bakare stated, “The Authority has identified the need to provide specialized training for practitioners in the state’s real estate sector.”
She noted that appropriate training tailored towards real estate activities will assist practitioners in carrying out transactions in compliance with the Lagos State Real Estate Regulatory law and aligning with the state’s status.
“Appropriate training tailored towards real estate activities will assist practitioners carry out real estate transactions in a way that aligns with the status of the State and in compliance with the provisions of the Lagos State Real Estate Regulatory law,” Odunuga-Bakare said.
During a recent media chat, the Special Adviser emphasized the importance of aligning real estate transactions with the state’s standards and regulations. She attributed perceived fraudulent practices in the sector to the emergence of untrained and unlicensed individuals using real estate as a secondary income source.
“The perceived fraudulent practices in the sector are a result of the emergence of real estate practitioners in different parts of the state who do not have the necessary training and licenses to practice but are rather using real estate as a second fiddle to boost their income,” she stated.
Odunuga-Bakare stressed the need for integrity and professionalism within the real estate sector to safeguard the interests of buyers and sellers.
“Integrity and professionalism must be maintained within the real estate sector to safeguard the interests of both buyers and sellers,” she averred.
The Special Adviser revealed that the training program would cover various aspects of real estate transactions, including legal frameworks, ethical standards, and industry best practices.
“The training programme is expected to cover various aspects of real estate transactions, including legal frameworks, ethical standards, and industry best practices,” she said.
Odunuga-Bakare further stated that the initiative aligns with the government’s broader efforts to promote sustainable development and foster a conducive environment for investment in Lagos State’s real estate market.
Further Reading:
- Military Welcomes Sunday Igboho’s Offer To Combat Insecurity In South-West
- Bella Shmurda Opens Up On The Side Effects Of Smoking Weed
- Oyo LG Election: APC Raises Alarm, Threatens To Withdraw Candidates Over BVAS Controversy
“The initiative aligns with the government’s broader efforts to promote sustainable development and foster a conducive environment for investment in Lagos State’s real estate market,” she submitted.
The Lagos State Government aims to elevate the standards of real estate practices through effective regulation, oversight, and specialized training for practitioners, ultimately benefiting all stakeholders involved.
Click here to watch video of the week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
