Several developers in the real estate industry have accused the federal government of prioritizing revenue generation over policy implementation.
According to Omotayo Odumade, the Chief Executive Officer of Darryl Homes Nigeria Limited, the government had turned the real estate industry into a revenue-generating sector without proposing and implementing the appropriate policies that would engender the sector’s development.
According to Odumade, the Lagos State government had adequate policies and regulatory bodies to check the subpar works of developers in the building construction in the state, thereby ensuring that the incessant collapse of buildings in Lagos in recent times will become a thing of the past.
