Lekki Gardens Parley Investors

In a bid to unlock profitable ventures in the real estate sector, Lekki Gardens parley investors and stakeholders on investment opportunities.

The indeginous firm made this known recently during Lekki Gardens Investment Forum 2015, which was held in Lagos with the theme; ‘Unlocking Sizable Investment Opportunities in the Nigerian Real Estate Market’.

Speaking during the event, one of the guest lecturers and Managing Director, FSDH Merchant Bank Limited, Mr. Riwanu Belo-Osagie said that sentiment was always attached whenever real estate was mentioned to Nigerians.

He explained that there was large demand of housing in urban parts of the country and advised there would be problem if nothing was done to that effect. Belo-Osagie also told stakeholders that though real estate was growing faster but that there was great demand despite the price on a higher side.

He further pointed out that real issue was the bank’s ability to financially harness or fund residential housing, which had always been a challenge.

Belo-Osagie also maintained that value chain if weak, discouraged investors from executing projects and stressed that infrastructure should be built even before estates was developed.

Meanwhile, the Chief Executive Officer, Lead Capital Plc, Mr. Abimbola Olashore noted that Africa, being an emerging market presented opportunities for healthy returns on investments.

He hinted that limited access to costly finance, imported raw materials, lack of better infrastructure and high land cost had always been the challenge in the industry.

Olashore, however, posited that Nigeria presented enormous potentials for Nigerian and foreign investors as well as key players like the Central Bank of Nigeria (CBN), Security and Exchange Commission (SEC), insurance firms among others.

Thisdaylive

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