Senate President Godswill Akpabio has underscored the vital role of real estate reforms in driving Nigeria’s economic growth, calling for strategic policies, transparent land administration, and sustainable infrastructure development.

Speaking in Lagos on Friday during his investiture as a Fellow of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Akpabio emphasized that the real estate sector is crucial for stabilizing the economy, boosting investor confidence, and addressing the nation’s housing deficit.

Through his special assistant, Jackson Udom, Akpabio commended estate surveyors and valuers for their contributions to economic transformation, stating that their expertise ensures secure and viable property investments.

“As global economies shift towards real estate-backed financial stability, Nigeria must position its property and housing sectors as key drivers of economic growth,” he said.

He pledged legislative backing for policies aimed at expanding affordable housing, ensuring transparent land governance, attracting real estate investments, and promoting urban development as a catalyst for economic expansion.

“The policies we enact and the reforms we champion must align with a vision where real estate is not just a private asset but a national economic tool,” Akpabio noted.

With Nigeria grappling with an estimated 28 million housing deficit, he called for stronger collaboration between the government, private sector, and real estate professionals to develop sustainable housing solutions.

“Housing should not be a luxury but a right. Our goal is to create a framework where every Nigerian, regardless of income level, can own a home without financial strain,” he added.