Experts hinge real estate expansion on public-private collaboration

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Experts have emphasised the importance of fostering partnerships between private enterprises and government entities to promote

the growth and development of the real estate sector.

Onwuanibe emphasised the necessity for the government to approach real estate with greater seriousness and priority, while also calling for increased sincerity from the private sector in their dealings with the government. “The private sector needs to pay taxes, support the government, work hand in hand to ensure a better regulatory environment,” Onwuanibe said.

“Inflation, interest rates are high, and the jobless society is growing. So, there are a number of things that have to change and they will change by the way, because there are other sides to this. We have got the thorns but the power to change these things is not just in them, it’s in us,” he stated.

Chief Executive Officer , UPDC Plc, Odunayo Ojo, added that sustainability has to go deep into every developer’s way of doing business.

 

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