WHITEBRONZE Outshine At RECRA 2026 Shines Spotlight on Nigeria’s Real Estate Innovation, Growth, and Sector Challenges in Lagos
By: Momentous Media
Lagos, Nigeria — The Real Estate Conference and Recognition Award 2026 (RECRA 2026) brought together key stakeholders, developers, consultants, and industry advocates to examine the future of Nigeria’s property sector under the theme “Unlocking Nigeria’s Real Estate Potential: Strategies for Growth and Transformation.”
The event, held at the prestigious conference and exhibition center of the Lagos Chamber of Commerce and Industry in Alausa, Ikeja, Lagos, served as a platform for discussions on innovation, infrastructure gaps, affordability, and regulatory challenges affecting real estate development in the country.
Ambassador Adebayo Olalekan Highlights Innovation and Smart Property Solutions
One of the award recipients, Ambassador Adebayo Olalekan, expressed excitement over the recognition, noting that his team’s focus is on delivering structured, technology-driven real estate solutions.
Speaking on a flagship development known as “City of Miami” project located around the Epe Toll Gate axis near Ishiwo, he described it as a modern estate initiative aimed at improving access to affordable land ownership.
According to him, pricing remains structured to accommodate different income levels:
500–600 sqm plots: approximately ₦3.5 million
300 sqm plots: around ₦2 million
Flexible installment plans of up to 12 months
He further emphasized that the company is actively processing Certificate of Occupancy (C of O) documentation to ensure secure land ownership for buyers.
Addressing concerns around property fraud and double allocation, he explained that the company is deploying technology to ensure transparency, stating that “what you pay for is exactly what you get.”
On industry challenges, he pointed to infrastructure deficits such as poor road access, flooding, and insecurity as major setbacks, urging government intervention to improve the investment climate.
He also addressed the persistent issue of land disputes involving “omo onile” (land-owning families), explaining that due diligence, full family consent, and proper documentation are key strategies used to mitigate risks.
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