May Day: Real Estate Is The Bridge To Nigeria Breaking Forth – Eximia Realty CEO, Hakeem Ogunniran

• Bridging the poverty gap takes looking into the case of real estate and housing, says Rev. Hakeem Ogunniran.

• The founder and CEO of Eximia Realty Company Limited had a lot to say about the case of real estate and its influence on the poverty situation in Nigeria.

• Suggesting solutions for the incoming government of Bola Tinubu, Rev. Ogunniran advocates the importance of favourable policies for the least in Nigeria’s society.

Eko Hot Blog reports that Rev. Hakeem Ogunniran, the Founder and Chief Executive Officer (CEO) of Eximia Realty Company Limited, a real estate development company, has made the case for the harnessing of the real estate industry in Nigeria.

Rev. Ogunniran was the Speaker at the 17th Making A Difference Leadership Seminar organised by Harvest Fields International Seminar on Workers’ Day.

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The programme, which was held on May 1, 2023, at The Events Centre, Agidingbi Alausa, Lagos State, focused on Nigeria’s critical poverty situation and the role of leadership in fixing the problem that has burdened Nigerians over the years.

A member of the ‘Break Forth ‘ Seminar

Some of the guests at the event

Host of the event, Reverend Akinola Abraham

Rev. Ogunniran, who spoke on what it will take to bring Nigeria out of the critical mess of poverty plaguing it, stated that Nigeria can bridge the poverty gap by tapping into the well of real estate wealth.

According to the seminar’s guest speaker, real estate and housing should be looked at from two viewpoints; the good and the bad, how it can aggravate or ameliorate poverty and the importance of leadership that knows how to navigate real estate and housing along those lines.

He stressed the importance of policies that favour the least people in Nigerian society, specifically in the case of house ownership.

Rev. Ogunniran, a Co-Chairman at the Lagos Building Investment Company, also criticized the federal government’s Land Use Act that hasn’t been amended in years, stressing the need for an overhaul of the land tenure system by the incoming administration, which he maintains will go a long way into significantly increasing housing benefits.

Some of the guests at the event

The speaker, in his lecture, further explained how tax incentives can be given to low-income earners to allow for home ownership and reduce the burden of rent on salary earners towards housing and real estate.

According to the clergyman, there is a need to see housing as a poverty-bridging tool and the need for the next government to view affordable housing for its citizens within the context of income and quality gap as measured by the current minimum wage of an average earner.

Our correspondent gathered that Rev. Ogunniran went on to advocate for policies that allow citizens access to housing at discounted prices and, by extension, allow them to eventually own them at a distant time.

Concluding the lecture, the guest speaker noted that housing alone cannot eradicate poverty but can go a long way in solving the problem of housing and poverty.

Some of the guests at the event

Eximia Realty CEO, Hakeem Ogunniran

Some of the guests at the event

Rev. Ogunniran also stressed the need for faith-based organisations to take advantage of the real estate market to contribute to breaking Nigeria forth from the poverty gap rather than raising bigger edifices that do not serve any benefit for their members.

The cleric has created a credible reputation for himself in the field of real estate and legal practice, with a first degree from the University of Lagos in Law in 1984. He also holds a high standing in the church.

From his name, Ogunniran revealed that he grew up a Muslim, married as a Muslim, but eventually grew out of the faith to become a Christian.

Rev. Hakeem Ogunniran

Rev. Hakeem Ogunniran with guests

Eximia Realty CEO, Hakeem Ogunniran

Some of the guests at the event

Despite his achievements, Rev. Ogunniran maintains a meek personality, highlighting his passion for teaching that drove him to become what he is; a leading figure on African real estate matters. He has written a book on the law and practice of Real Estate.

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Ending his lecture, he left with one piece of advice to his listeners, “Don’t wait to buy real estate, buy real estate and wait.”

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