Lagos based Blue Economy Academy and the the International Real Estate Federation (FIABCI) Nigeria have jointly identified Nigeria’s blue economy as having the potential to grow real estate investment and promote businesses.
This was identified at FIABC recently convened a landmark gathering of industry leaders, professionals, and stakeholders to explore the integration of the Blue Economy into Nigeria’s real estate sector.
The event, themed “The Blue Economy & A Sea Opportunity for Nigeria,” spotlighted the immense potential of marine-based resources in driving sustainable real estate development and economic prosperity.
Keynote speaker, Mr. Ubong Essien, Founder of the Blue Economy Academy and former Special Adviser to the DG of NIMASA on Communications and Strategy, emphasized the need for real estate professionals to recognize and integrate marine-based opportunities into their investment strategies.
Mr. Essien outlined the Blue Economy as an untapped resource capable of transforming Nigeria’s economic landscape, highlighting advantages such as economic growth, job creation, improved livelihoods, and environmental sustainability.
He listed untapped openings like residential, leisure spaces and suitable work environment within and around areas proximate to waters as opportunities for real estate business to thrive
Greenfield and emerging ports like the Badagry Deep Seaport in Lagos, Ibaka Port in Akwa Ibom, Bakassi Port in Cross River were identified as untapped areas for real estate business integration with the blue economy
Industry leaders, including Mr. Akin Okpatola, Chapter President of FIABCI Nigeria, and Mr. Adeniji Adele, FIABCI Africa and Near East President, shared insights on the opportunities that the Blue Economy presents for Nigeria’s real estate sector. They emphasized the need for innovative thinking and cited the successes of Singapore and India in harnessing ocean resources.
The event also featured a goodwill speech by Mr. Ramon Riera Torroba, FIABCI World President, who expressed his support for FIABCI Nigeria’s initiatives and encouraged the organization to continue promoting excellence and ethical practices in the real estate industry.
As Nigeria seeks to harness its vast marine resources, the Blue Economy Academy stands at the forefront, providing education, training, and strategic insights for industry professionals looking to capitalize on this emerging sector. With growing interest in sustainable and marine-based investments, there is a significant opportunity for real estate developers and investors to align their portfolios with the Blue Economy.
