Michael Adeyemi: How Real Estate Sector  Will Continually Boost Nigerian Economic Growth

Michael Adeyemi: How Real Estate Sector  Will Continually Boost Nigerian Economic Growth

By THECONSCIENCEng 

A real estate entrepreneur and builder, Michael Adeyemi has stated that the rapid growth in urbanisation and population in Nigeria, has ensured that the real estate sector will keep experiencing a major growth in Nigeria’s economy.

He added that the current housing problem in major cities of Nigeria cannot be left in the hands of government alone to solve.

While granting interview to news men, Adeyemi the CEO of Realtormax posited that Government alone cannot address the housing deficit in the country.

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He posited that due to SDG 11, there is a need for the private sector and government to collaborate in creating and developing sustainable cities accross major parts of the country to curb housing deficit.

Adeyemi   called on individuals and investors to key into real estate sector, saying that everyone has a role to play.

According to him, the population of Nigeria is massive for the federal or state government alone to handle in terms of providing affordable homes for everybody.

He said that the private sector needs to come in to bridge the gap between government and the people in a bid to creating sustainable cities and affordable homes.

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Continuing, the Chief Executive Officer of Realtormax Nigeria Limited, said that everybody should be entitled to own a house as a citizen of the country.

He noted that low income earners and high income earners should be given an opportunity to buy a landed property and build on them.

Stressing that a system where people can be paying in bit at their own convenience should be introduced in order for everyone to be accommodated.

Similarly, Adeyemi added that the real estate sector has the capacity to reduced unemployment in the country, adding that from, engineering graduates having access to job opportunities, to sales executive, accounting and finance, quantity surveyors , town planners , architects etc the job opportunities and openings in this sector are endless to name a few.

The Realtormax boss, added that his organisation are doing massive recruitment to engage about 10,000 Nigerians in the real estate sector currently, saying they are set to create employment opportunities for those who are willing to be gainfully engaged and as such reduce unemployment.

He also emphasized that what the real estate sector brings to the economy is enormous hence, it has become a sector to be given crucial attention and investment.