Damilare Oshokoya, Co-founder of MyAbode, has called for stronger collaboration between the government and private real estate firms to drive sustainable growth and innovation in Nigeria’s property industry.
He called during a panel session at the fifth edition of the Round Table in Lekki, Lagos.
He also emphasized the significant role of technology in real estate investing, adding that the current boom in the industry is not ending soon.
Themed “Lekki Real Estate Business: New Opportunities for Everyone,” the event brought together key industry players to explore evolving trends, opportunities, and practical solutions in the fast-growing real estate sector in Nigeria.
The event featured a keynote address, panel sessions, and a fireside chat with renowned speakers, including the Commissioner of Housing, Lagos State, Moruf Akindero-Fatai, who the Permanent Secretary, Abdulhafis Toriola, represented; Aare Adetola Emmanuel King; and the convener, Rev. Chris Ubamadu.
Oshokoya, in his session, emphasized the wealth potential embedded in real estate, stating that his drive comes not from the industry itself, but from a passion for helping others access prosperity through it.
“For me, it’s not just about real estate. It’s about the prosperity within it – and how ordinary people can tap into that prosperity with the right strategy,” he said.
Oshokoya, who served as the CEO of Realvest Global before leaving to found MyAbode, identified several investment avenues, including land banking, fractional ownership, flexible payment plans, rental properties, short-lets, commercial real estate, and joint ventures, particularly as opportunities for Nigerians in the diaspora.
In his words, “Strategic land banking remains one of the most powerful long-term plays in emerging corridors like Lekki. When you invest in land in developing areas, as roads, schools, and businesses begin to spring up, the value of that land appreciates exponentially.’’
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