Properly Structured Real Estate Can Improve Economic Development –3INVEST CEO

Ruth Obi-Obuah is the Chief Executive Officer of 3Invest Ltd and also the convener of the 7th edition of the Real Estate Unite Summit. She made it clear that properly structured real estate has the ability of improving economic growth and boosting development.

She equally added that the real estate sector can provide a substantial part of the much needed job opportunities in the country and solving a major problem for a lot of the unemployed youths in the country and give them a substantial source of income.

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She explained that the real estate sector is one of the fundamental aspects of the Nigerian economy that contributes massively to the country’s Gross Domestic Product (GDP) and provides a lot of employment because the sector is divided into a lot of aspects such as manufacturing and service industries which equally has a lot of areas such as housing, agriculture, manufacturing industry, mining infrastructures and services.

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It is not an arguable fact that real estate is one of the most transformative sector of any economy and one of the most effective means of combating poverty and providing job employment.

Considering the massive contribution of real estate to the economy of the country presently, it is obvious that with a little more effort and support from all concerned, the sector has the potential of stimulating very fast economic growth and development, and of course handling a great part of the employment problem that has plagued the country over the years.
However, she made it known that there is need to monitor and study this economic change and draft out policies that will tackle the numerous challenges associated with this booming sector which may try to hinder it from attaining it’s full height.

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Obih-Obuah during an event to announce the 7th Edition of Real Estate Unite Summit that was slated to take place on Monday, September 17, 2018, at Eko Hotel, Victoria Island, Lagos, made it clear that taking into consideration the bright prospects of the real estate market and the numerous gains that will be gotten by all parties concerned, all hands should be on deck to see that the growth and development of the sector is not hindered or delayed in any way.
She also added that over time, Real Estate Unite has brought together different levels of stakeholders. Nevertheless, this year is different as it will be an Industry Town Hall Format with the caption “The Conversation Summit”. It will comprise of stakeholders in the public and private sectors, industry players, legal practitioners, investors and other persons all coming together to have detailed conversations on matters of the real estate sector and to reach resolutions on how to tackle the challenges of the sector as well as ways to move the it forward and how it will contribute to the growth and development of Nigeria’s economy.

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