Professionalism Bane of Real Estate Industry, Says Oshogwe  

Bennett Oghifo

 

Uzo Oshogwe, the Managing Director of leading Real Estate firm, Afriland Properties Plc, has cited the lack of professionalism and ethics as key factors militating against the growth of the real estate industry in Nigeria. 

Speaking at the company’s recent AGM held in Abuja, Afriland’s Chief Executive Officer spoke on the need for developers to abide by international building standards and the rules set by local regulators to boost investor confidence. She said, “It is unfortunate that some developers cut corners and produce substandard products that can endanger lives. With each building collapse, investor apathy increases, which has far-reaching effects on the industry. It is already difficult for developers to deal with economic instability hurdles; add investor apathy induced by the unethical practices of some developers and the task becomes even more challenging.   

In her statement, Mrs. Oshogwe reaffirmed Afriland Properties Plc’s commitment to providing value to its stakeholders. She stated “Our values are anchored on 3 Es, Excellence, Execution and Enterprise. Across all of our real estate offerings, from Project development to Facility management and Property management, we ensure that we leave no stone unturned to deliver quality services and projects to our clients. She also added “We have several upcoming developments. There are luxury apartments in Club Road, Ikoyi, and Aromire in Ikeja, as well as commercial developments in Abule Egba, Lagos and Trans-Amadi, Port Harcourt, and our flagship estate, Afriland Estate, which will be built in Karmo, Abuja. As with all our developments, they feature quality craftsmanship and excellent delivery,”   
The Afriland CEO reiterated the company’s commitment to stakeholder satisfaction. She said, “Our foundations are solid, and we ensure that we follow building regulations and standards as well as international best construction practices. This spans titling, obtaining building approvals and stage certifications from Building Control agencies, and hiring qualified manpower for the execution of our development projects. Our deliverables are quality real estate assets that stand the test of time and give our clients value for their money. I can assure all stakeholders and off-takers that our new developments will offer substantial returns on their investment. 

Afriland Properties Plc is a property management, investment, and development company, offering end-to-end services across the real estate value chain, from management to joint-venture investments.