Realtor Demands Stronger Public-private Synergy for Real Estate....

The co-founder of MyAbode, Damilare Oshokoya, has called for stronger collaboration between the government and private real estate firms to drive sustainable growth and innovation in Nigeria’s property industry.

He made the call during a panel session at the fifth edition of the Round Table Lekki, which took place recently at the CGMi Garden City in Lekki, Lagos.

He also emphasised the significant role of technology in real estate investing, adding that the current boom in the industry is not ending soon.

Themed “Lekki Real Estate Business: New Opportunities for Everyone,’the event brought together key industry players to explore evolving trends, opportunities, and practical solutions in the fast-growing real estate sector in Nigeria.

The event featured a keynote address, panel sessions, and a fireside chat with renowned speakers, including the Commissioner of Housing, Lagos State, Moruf Akindero-Fatai, who was represented by the Permanent Secretary, Abdulhafis Toriola; Aare Adetola Emmanuel King; and the convener, Rev. Chris Ubamadu.

Oshokoya, in his session, emphasised the wealth potential embedded in real estate, stating that his drive comes not from the industry itself, but from a passion for helping others access prosperity through it.

For me, it’s not just about real estate. It’s about the prosperity within it – and how ordinary people can tap into that prosperity with the right strategy, he said.

Oshokoya, who served as the CEO of Realvest Global before leaving to found MyAbode, identified several investment avenues, including land banking, fractional ownership, flexible payment plans, rental properties and short-lets, commercial real estate, as well as joint ventures, particularly as opportunities for Nigerians in the diaspora.

In his words, “Strategic land banking remains one of the most powerful long-term plays in emerging corridors like Lekki. When you invest in land in developing areas, as roads, schools, and businesses begin to spring up, the value of that land appreciates exponentially.

“Another smart option is the fractional ownership model or co-ownership, where people can buy part of a property instead of the whole thing. Flexible payment plans are also a good avenue to earn from real estate. At MyAbode, we have payment plans that start from as low as ₦100,000. This makes it much easier for more people to start owning property.

“There’s also a big demand for short-let apartments and rental homes in Lagos. That’s because the population is growing fast, and more tourists are coming in, especially in December. Commercial properties like shops, offices, and warehouses are also a huge opportunity. Many people are not investing there yet, but the need for them is increasing every day.

“For joint ventures, working with Nigerians in the diaspora can bring in more money, especially because of the strength of foreign currency. If you can convince them to invest with you, everyone benefits,” he added.

A key feature of the event was the panel sessions that followed the keynotes and featured government representatives as well as industry experts, including Perm Sec Toriola, Augustine Onwumere, Matthew Ogboe, and Barr. Peace Anomneze, and anchored by Timi Agbaje.