WAPI 2021: Stakeholders canvas for strict implementation of regulation of construction workers

By Allcitynews.ng

The 2021 West Africa Property Investment (WAPI) might have come and gone, but the knowledge gained by participants in the programme would take very long time to be forgotten.

Stakeholders in the programme called on Federal Government to create more conducive atmosphere for real estate to thrive in the country.

Speaking in the 2021 7th annual West Africa Property (WAPI) Summit that tookplace in Lagos, panalists identifying lack of regulation of construction workers as one of the main challenges confronting the sector called on constituted authorities to implement of regulations of construction workers to avoid hijacking of the sector by quacks.

While speaking with newsmen after the event, the Chief Executive Officer, Dutum Construction Company, Mr Temitope Runsewe appealed to government to create more conducive atmosphere by creating deliberate efforts through adequate financing of the sector rather than allowing foreigners to hijack the sector and by guarantee environment which can give assurance to private sector.

Similarly, Mr Olaide Agboola, the Chief Executive Officer, Duple Company who was one of the four panelists noted that housing deficit in the country is a big challenge that must be solved in view of growing population. He reiterated
that the future of housing would be determined by combination of taste, mortar, bricks and technology.

Noting that bricks and mortar will always remain as the main building instruments, they said technology can only play complimentary role.

They said post COVID-19 housing is focusing on the change in buildings whereby people are no longer interested in bogus buildings but in moderate structures that can give them chance to work freely from home as is being dictated by the pandemic.

In addition they called on private sector to focus more in real estate as government alone cannot handle housing deficits in the country.

The 7th annual West Africa Property (WAPI) Summit was meant to highlight and harness local tech-driven opportunities in the sector.

WAPI is a regional real estate gathering that connects international money to local opportunities and players. It focused on how technology and public sector infrastructure can deliver value and lead to economic recovery in the sector.

This year edition which had more 70 speakers across the 2 days. About 200 people attended in -person and 350 virtually had its themed, property markets redefined. It was set to redefine the regional property market, as developers and investors invest for the sector’s recovery.