Real estate professionals have called for stronger ethical standards, innovation, and collaboration to rebuild public trust and align Nigeria’s property market with global best practices.

Speaking at the 7th Summit of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos Branch, industry leaders stressed that professionalism must go hand in hand with integrity and innovation to drive growth in the sector.

The two-day event, themed “Building Trust and Driving Excellence in Real Estate Practice: Global Standards, Local Realities,” brought together key stakeholders to discuss challenges and opportunities in Nigeria’s evolving real estate landscape.

Former NIESV president and chairman of the occasion, Emeka Eleh, noted that while bureaucratic bottlenecks and weak regulatory enforcement remain challenges, practitioners must uphold ethical values. “Clients expect us to honour our promises and commitments regardless of delays or red tape,” he said.

Lagos Branch Chairman, Tosin Kadiri, urged professionals to balance international best practices with Nigeria’s unique economic and institutional realities.

Delivering the keynote, Odunayo Ojo, CEO of UPDC, said the industry must evolve beyond traditional roles like valuation and property management. “Technology, private equity, sustainability, and data are reshaping global real estate. We either innovate or become obsolete,” he warned.

Ojo also called for continuous education, stronger ethics, and collaboration among professionals. “No one can do everything. Collaboration helps balance strengths and achieve better outcomes,” he added.

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The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called for wide-ranging reforms to rebuild public confidence, strengthen ethics, and align Nigeria’s property market with global standards.

Speaking at the 7th Real Estate Summit of the NIESV Lagos Branch on Tuesday, Chairman Tosin Kadiri said trust remains the foundation of a stable real estate market, stressing that transparency and integrity are essential in property transactions.

“Real estate is not just about land or buildings—it’s about people’s homes and investments,” Kadiri said, urging practitioners to uphold strict ethical standards across valuation, sales, and land administration.

Former NIESV President Emeka Eleh said the problem lies not in the absence of standards but in weak compliance and enforcement. He called for stronger regulation, technology adoption, and data-driven land administration to modernise the sector.

Delivering the keynote address, Yemi Ejidiran, former Managing Director of Wemabod Limited, emphasised that credible valuation is key to sustaining investor confidence. “Valuation is not just numbers; it’s accountability,” he said, advocating for consistency and transparency in valuation practices.

Representing the Lagos State Government, Kamar Olowoshago, Permanent Secretary of the Land Bureau, commended NIESV’s commitment to professionalism and urged closer collaboration between government and practitioners to drive reforms.

The two-day summit featured discussions on ethics, sustainable housing, and real estate financing. Experts agreed that restoring trust requires stronger regulation, professional discipline, and greater transparency supported by technology and training.

As Nigeria’s real estate sector expands amid rapid urbanisation, stakeholders emphasised that ethical governance and reform-driven professionalism will be crucial to attracting investment and sustaining growth.

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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.

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