Real estate professionals have called for urgent reforms to rebuild public trust, strengthen ethics, and align Nigeria’s property market with global standards.
This was the focus at the 7th Real Estate Summit of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos Branch, held on Tuesday with the theme “Building Trust and Driving Excellence in Real Estate Practice.”
NIESV Lagos Chairman, Tosin Kadiri, said trust remains the foundation of a stable market. “Real estate is not just about land or buildings—it’s about people’s homes and investments,” he said, urging practitioners to uphold transparency, integrity, and due diligence.
Former NIESV President Emeka Eleh noted that the sector’s problem is not the lack of standards but weak adherence to them. He called for better data management, stronger regulation, and the use of technology to modernize land administration.
Keynote speaker Yemi Ejidiran, former MD of Wemabod Limited, stressed that credible valuation is essential to restoring confidence. “Valuation is not just figures; it’s about accountability,” he said, calling for standardization and ethical compliance.
Lagos Land Bureau’s Permanent Secretary, Kamar Olowoshago, praised NIESV for promoting professionalism, saying the summit helps shape the sector’s future through shared insights and innovation.
The two-day event featured panel discussions on ethical reform, sustainable housing, and innovative financing in Nigeria’s real estate industry.
