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Experts Call for Strategic Investments, Policy Support to Strengthen Nigeria’s Real Estate Sector
Experts Call for Strategic Investments, Policy Support to Strengthen Nigeria’s Real Estate Sector
By: Michael Mike
Industry leaders and policymakers have emphasized that Nigeria’s real estate sector which is projected to hit $2.6 trillion this year requires strategic investments and stronger policy support to drive economic growth.
This was the outcome of the recently concluded Eklisia Realtors’ Conference 2.0, themed: “Staying in the Game,” which brought together top professionals to discuss trends, financial strategies, and policy initiatives essential for a resilient property market.
Organised by Adozillion Homes and Realty, a firm committed to redefining property ownership and investment, the event served as a platform for real estate professionals across the nation to gain firsthand insights from experts on market trends, branding strategies, financial management, and investment best practices.
Speaking at the conference in Lagos, Dr. Simon Adozi, CEO of Adozillion Homes and Realty, highlighted the immense potential of the real estate sector, projecting it to hit $2.6 trillion in Nigeria by 2025. He emphasized the sector’s significant role in Nigeria’s Gross Domestic Product (GDP), contributing 6%, and underscored the importance of understanding the market and leveraging financing options for long-term success.
“The real estate sector in 2025 is projected to hit $2.6 trillion in Nigeria alone. This industry contributes 6% to our GDP, and such a crucial sector cannot be overlooked. At Adozillion, we are committed to not just selling properties but building a legacy of trust, delivering real value, and empowering realtors with the tools to thrive,” Dr. Adozi said.
In less than three years, Adozillion Homes has successfully delivered over 100 homes, reinforcing its reputation as a trusted real estate brand in Nigeria. With a focus on strategic expansion, the company has extended its footprint beyond Lagos, launching the Mufasa series across Lagos, Ogun, Benin, and Now Enugu. These expansions demonstrate Adozillion’s commitment to providing prime investment opportunities across Nigeria.
Delivering his address, CEO of Payaza Africa, Seyi Ebenezer underscored the role of integrity in business success, saying “Integrity is the hallmark of finance. If you have integrity, funding and investment will come to you. However, if you default on commercial payments, your credibility will be marked, and no one will do business with you.”
Other notable speakers at the conference included Deputy Chief of Staff, Lagos State Government, Sam Egube, CEO of Fifth Gear Consulting, Niyi Adesanya, Deputy Director of FBN Quest Asset Management
Ifeoluwa Dixon, Media Buyer
Adesola Adeyemi; and Certified Financial Education Instructor, Seyi Abiodun. Each speaker provided invaluable insights to help realtors and investors navigate the evolving real estate landscape.
One of the highlights of the conference was a grand raffle draw, where randomly selected winners received prizes such as microwaves, a coffee maker, shopping vouchers, and an exclusive 300 sqm plot of land — all courtesy of Adozillion Homes and Realty.
With its continued expansion and dedication to delivering high-quality properties, Adozillion Homes and Realty remains at the forefront of shaping the future of real estate in Nigeria.
Experts Call for Strategic Investments, Policy Support to Strengthen Nigeria’s Real Estate Sector
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Leadership Amid Turbulence: The Stewardship of Dr. Lucky Ikharo at the National Assembly Service Commission
Leadership Amid Turbulence: The Stewardship of Dr. Lucky Ikharo at the National Assembly Service Commission
By Ayo Ajayi
In times of institutional uncertainty, leadership is often tested not by comfort but by crisis. At the National Assembly Service Commission (NASC), Abuja, such a moment emerged amid internal tensions and the spread of misinformation among sections of the workforce. At the centre of this storm stood the Commission’s Secretary, Dr. Lucky Ikharo, whose calm disposition and administrative experience have helped steady the institution through turbulent waters.
For many within the Commission, the period has been marked by a mix of rumours, misrepresentation, and what some observers describe as half-baked narratives circulating among staff who may not be fully informed about the workings of the system. In such an atmosphere, maintaining discipline, order, and institutional focus requires more than routine administration—it demands patience, clarity of purpose, and steady leadership.
Dr. Ikharo has sought to provide exactly that. Known among colleagues for his methodical approach to public service administration, he has remained focused on ensuring that the Commission continues to function effectively despite the distractions created by internal disagreements and misinformation.
His journey within the National Assembly bureaucracy reflects years of dedication to institutional development.
Dr. Ikharo joined the National Assembly Service Commission in 2002 as an Assistant Chief Administrative Officer. Through diligence and professional commitment, he steadily rose through the ranks of the public service, eventually attaining the position of Director in 2017.
Dr Lucky Ikharo was among the pioneer staff members entrusted with the responsibility of coordinating the Commission’s Meeting Secretariat, a role he diligently handled for over nine years. In that capacity, he played a critical role in ensuring the smooth organization and documentation of the Commission’s high-level deliberations.
Following this period, Dr. Ikharo broadened his administrative horizon by serving in various departments within the Commission. These experiences exposed him to the diverse operational dynamics of the institution and helped shape his deep understanding of its administrative processes.
Dr. Ikharo serves as the Secretary to the Commission. His journey through different strategic units of the organisation has positioned him well for the role, affirming the popular saying that he is indeed a round peg in a round hole.
Over the years, he has held several strategic positions within the Commission. Between 2017 and 2019, he served as Director of Promotions, Discipline and Appeals, a role that placed him at the heart of staff management and administrative justice within the organisation. He later served as Director of Procurement and General Services from 2019 to 2020, overseeing critical operational and procurement processes of the Commission.
Beyond his administrative responsibilities, Dr. Ikharo is also a fellow of the Nigerian Institute of Training and Development (NITAD), reflecting his commitment to professional development and capacity building in public service.Observers say his leadership style is defined by calm engagement rather than confrontation. At a time when rumours and internal tensions threaten to distract the Commission from its statutory mandate, his stewardship has focused on maintaining stability, reinforcing administrative procedures, and ensuring that the institution continues to carry out its responsibilities to the legislature and the Nigerian public.
Indeed, leadership within public institutions often unfolds quietly, away from public applause. Yet it is precisely in such moments of internal turbulence that the character of a public administrator becomes most visible. For Dr. Lucky Ikharo, the challenge has been to keep the Commission steady, demonstrating that experience, patience, and commitment to institutional integrity remain essential pillars of effective public service leadership.
Leadership Amid Turbulence: The Stewardship of Dr. Lucky Ikharo at the National Assembly Service Commission
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ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa
ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa
By: Michael Mike
The Economic Community of West African States (ECOWAS) has raised fresh concerns over the escalating hostilities in the Gulf region, cautioning that a prolonged conflict could unleash severe economic and security repercussions far beyond the Middle East, with Africa among the hardest hit.
In a statement issued under the chairmanship of Julius Maada Bio, President of Sierra Leone, the 12-member regional bloc aligned itself with the position earlier expressed by the African Union Commission, which has voiced deep unease over the intensifying military exchanges.
The warning comes at a time when global energy markets are already on edge. The Gulf region remains central to international oil and gas supplies, accounting for a significant share of global crude exports. For West African economies — many of which are net importers of refined petroleum products despite being crude producers — volatility in oil prices translates quickly into domestic inflation, currency pressures and rising transport and food costs.
ECOWAS noted that beyond energy, the Gulf serves as a strategic artery for global trade. Key maritime routes, including those connected to the Strait of Hormuz, facilitate the movement of energy supplies and commercial goods between Asia, Europe and Africa. Any disruption risks compounding supply chain fragilities that have persisted since the COVID-19 pandemic and the Russia-Ukraine conflict.
For food-import-dependent nations across West Africa, the stakes are particularly high. Many countries in the region rely heavily on imported wheat, fertiliser and other agricultural inputs sourced through global supply chains sensitive to geopolitical shocks. Previous international crises have demonstrated how quickly distant conflicts can drive up bread prices and deepen food insecurity in African cities.
In its statement, ECOWAS urged all parties to exercise maximum restraint and adhere strictly to international law and the principles of the United Nations Charter, including respect for sovereignty, territorial integrity and the peaceful settlement of disputes. It stressed that civilian lives and critical infrastructure must be protected at all times.
The bloc also called for renewed diplomatic engagement within established international and regional frameworks, arguing that dialogue remains the only sustainable path to de-escalation. West African leaders have historically positioned the region as a strong advocate for multilateralism, often promoting negotiated settlements in conflicts both within and outside the continent.
Analysts observe that ECOWAS’ swift alignment with the African Union reflects a broader concern about the cumulative impact of global instability on African economies already grappling with debt burdens, currency depreciation and climate-related pressures. Rising energy prices could strain public finances, while shipping disruptions could intensify shortages of essential commodities.
The statement underscores a growing recognition among African policymakers that geopolitical flashpoints thousands of miles away can have immediate and tangible consequences at home. As tensions mount in the Gulf, ECOWAS has signalled that West Africa is watching closely — and urging diplomacy over escalation in the interest of global and regional stability.
ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa
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Army troops foils ISWAP attack on picketing troops in Konduga, Borno
Army troops foils ISWAP attack on picketing troops in Konduga, Borno
By: Zagazola Makama
Troops of Joint Task Force Operation HADIN KAI under the 21 Special Armoured Brigade have successfully repelled an attack by suspected Islamic State West Africa Province (ISWAP) terrorists on picketing personnel in the North East, of Konduga Borno state.
According to sources at about 1215 hours on February 26, picketing troops at checkpoint came under attack by elements of Boko Haram terrorists.

The soldiers responded aggressively while the Quick Reaction Force (QRF), led by the Sunray team, swiftly mobilised to the contact point where fire was exchanged with the terrorists. The attackers reportedly fled into the Yale Forest following the encounter.
In the aftermath, troops conducted exploitation along the terrorists’ withdrawal route and recovered one PKT believed to belong to the attackers.
The sources confirmed that the operation did not result in any casualties or injuries among the JTF personnel, and no equipment was lost.

The JTF added that monitoring of the area continues, and the morale and fighting efficiency of the troops remain satisfactory.
The sources said that the latest operation demonstrates the continued vigilance and readiness of the JTF in the North East to protect civilians and deny terrorists freedom of movement.
End
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