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Poor regulatory environment bane of Nigeria’s real estate ecosystem
Poor regulatory environment bane of Nigeria’s real estate ecosystem
Real-Estate
Nigeria’s real estate ecosystem can do better with proper regulatory framework and achieve its utmost potential like other advanced economies, Olatubosun Fatoki has said.
Fatoki should know better as a realtor with vast experience in the built and construction industry.
Speaking in an interview with The Nation from his base at the United Arab Emirate, recently, Fatoki who sits atop as the Founder/CEO at Crest Range Properties LLC, said unlike what operates in Nigeria, obtaining approval and permits for property in the UAE is less than 24 hours if all the rights documentation are available.
“There are two different ways of getting properties. It’s either you are buying cash or you are getting bank finance, you are getting the mortgage. The process of getting the mortgage finalised sometimes takes about a month or within a day depending on the availability of the different documentation. The day the property is being transferred between the buyer and the seller, it’s mostly done at the government-assigned office.”
Widely acclaimed as a visionary entrepreneur and the first Nigerian to establish a real estate company in Abu Dhabi, Fatoki who acknowledged that a bit has changed in the nation’s real estate ecosystem was however revealed that there is room for greater improvement if the country wants to join other comity of nations with better enhanced, structured operating environment. – culled from the (Nation)
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Adron Homes Hosts First-Ever Golf Tournament, Celebrates Excellence and Sportsmanship
Adron Homes set the stage for a remarkable sporting experience by hosting the Adron Cup Golf Tournament, bringing together golf enthusiasts, industry professionals, and distinguished guests for a day dedicated to excellence, competition, and camaraderie.
The tournament was officially declared open by the Chairman of Adron Group, Aare Adetola Emmanuelking, who earlier this year received the first-ever Nigeria’s Noble Golfer Award, reflecting his growing influence and passion for the game of golf. In a moment that drew applause across the course, he performed the ceremonial tee-off, symbolically setting the tournament in motion.
Following the opening, the Chairman embarked on a tour of the golf course, delighting participants and spectators alike. He played several holes, showing his enthusiasm for the game, while also taking time to engage, encourage, and cheer on the competing golfers.
Players described the experience as inspiring, noting that the Chairman’s presence elevated the spirit of the competition and reinforced the values of sportsmanship and unity that the tournament represents.
As the tournament concluded, Mr. Sunday Aderibigbe, representing the Chairman of Adron Homes, officiated the presentation of awards and the official unveiling ceremony. His presence added prestige to the event and affirmed the company’s continued commitment to celebrating excellence within the golfing community.
The inaugural Adron Cup Golf Tournament marks the beginning of what promises to be a premier sporting event in the region, reflecting Adron Group’s commitment not only to excellence in real estate but also to promoting recreation, community engagement, and healthy living through sport.
The event concluded with commendations for the organizers and enthusiastic feedback from participants, leaving a lasting impression on all who attended.
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Adron Homes Chairman Commends Oyo State’s Real Estate Reforms, Urges Policy Continuity
The Chairman and Chief Executive Officer of Adron Group, Aare Adetola Emmanuelking, KOF, has commended the Oyo State Government for its bold reforms in the real estate sector, describing the state as a land of “history, enterprise, and endless possibilities.”
Aare Adetola remarked while delivering a goodwill message titled “The Real Estate Called Oyo State” at the 2025 Oyo State Real Estate Conference, held in Ibadan.
The event, themed “Real Estate and Economic Development in Oyo State: Strategies for Success,” brought together top real estate developers, government officials, and investors to discuss strategies for improving housing delivery and driving economic growth in the state.
Organised by the Office of the Special Adviser to the Governor on Housing and Urban Development in collaboration with the Real Estate Developers Association of Nigeria (REDAN), the conference highlighted the need for policy stability, public-private partnerships, and innovation in real estate development.
In his address, the Speaker of the Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin, reaffirmed the government’s commitment to transparency and investor confidence through the digitalisation of land records (OYOGIS), improved urban planning, and major infrastructure upgrades across the state.
He also cited the passage of the Oyo State Land Control and Administration Bill, 2023, and the establishment of the Anti-Land Grabbing Task Force as key reforms curbing land disputes and promoting sustainable property ownership. Ogundoyin praised major developers such as Adron Homes and MKH Properties for their role in boosting investor trust in the Oyo property market.
In his goodwill message, Aare Adetola Emmanuelking applauded the administration of Governor Seyi Makinde, FNSE, for maintaining consistency in land policies and governance structures, which he said had continued to attract serious investors to Oyo State.
He recalled that Adron Homes made its foray into Ibadan nearly a decade ago based on the state’s stable policy environment, a decision that has since yielded impressive results. He, however, urged the state government and future administrations to ensure policy continuity, warning that inconsistency could derail the progress already achieved.
The conference ended with a collective resolve by stakeholders to deepen collaboration between the public and private sectors, strengthen regulatory transparency, and create a business environment that will make Oyo State a model for real estate investment in Nigeria.
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