• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Financial Literacy Career tips

“Real estate intersects agriculture, entertainment, and technology”- Obinna Onunkwo 

Ngozi Ekugo by Ngozi Ekugo
March 16, 2024
in Career tips
“Real estate intersects agriculture, entertainment, and technology”- Obinna Onunkwo 
Share on FacebookShare on TwitterShare on Linkedin

The founding Managing Partner and Deputy CEO at Purple Real Estate Company, Mr Obinna Onunkwo, has said that real estate is not just a sector for housing but also intersects with various economic activities, including agriculture, entertainment, and technology, each necessitating unique real estate solutions. 

He highlighted the significance of combining real estate with construction as a major driver of economic activity. This was noted during Nairametrics’ Real Estate Outlook event themed “How to Succeed in Nigeria’s Real Estate in 2024 – Challenges and Opportunities in a High-Cost Environment,” on Saturday, March 9, 2024. 

Onunkwo also stressed the importance of strategic investment, technological integration, and sustainable practices in navigating the changing landscape of Nigeria’s real estate sector. 

RelatedStories

No Content Available

Strategic investments, and technology needed for the real estate sector 

He emphasized the need for enhancing facilities, technological innovation, and capital to improve Nigeria’s real estate sector to foster growth and adaptability, especially to meet millennials’ demands through innovative and sustainable models. 

  • “Technological advancements, particularly in digitization and remote work, offer new avenues for real estate development beyond traditional models.  
  • “Real estate is not just a sector for housing but intersects with various economic activities, including agriculture, entertainment, and technology, each necessitating unique real estate solutions. 
  •  “On the infrastructure front, Nigeria faces a substantial need for investment to upgrade its facilities, calling for innovative financing and policy strategies to attract both local and foreign capital.  
  • “Moreover, the changing demographics, notably among millennials, demand frequent innovation in product offerings, aligning with global trends and the digital economy.  
  • “As the real estate sector evolves, it must embrace both technological advancements and sustainable practices to meet the diverse needs of its clientele and contribute to the broader economic landscape”. 

Although the sector has opportunities, he lamented the rising costs of building materials such as cement and sand, as well as finished products for housing. 

  •  “Despite the challenges, opportunities for economic scale and cost reduction in real estate remain viable. 
  • “Manufacturing, healthcare and entertainment centres are notable areas having increased investments in real estate”. Top of Form 

Investment and policy dynamics in Nigeria’s real estate sector 

According to Onunkwo, the real estate and construction sector should be recognized as a crucial part of the economy and should not be overlooked in policy and investment decisions.  

He cited the importance of real estate, as seen in Dubai and China, which demonstrates its role in national economic recovery and wealth storage.

He decried the mismatch between the short-term financial instruments and the long-term nature of real estate investments, suggesting a shift towards longer-term financing models. 

  • The real estate sector, when combined with construction, forms a crucial part of the economy and cannot be overlooked from both policy and investment perspectives. Historical examples from Dubai and China demonstrate the strategic importance of real estate in national economic revival and wealth storage.  
  • However, there is a current mismatch between short-term financial instruments and the long-term nature of real estate investments, which necessitates a shift towards longer-term financing models. 
  • Pension funds, for instance, are underrepresented in real estate investments, suggesting a potential area for growth.  
  • Policy plays a pivotal role in shaping the real estate landscape, as seen in the differing success rates between regions like Lagos and Abuja compared to others, influenced by policies around land documentation and transparency. 

Follow us for Breaking News and Market Intelligence.
Tags: Nigeria Real Estate Outlook 2024Obinna Onunkwo Purple Real EstateReal Estate Challenges and OpportunitiesTechnology and Investment in Real Estate
Ngozi Ekugo

Ngozi Ekugo

A high-performing labour market analyst/ talent acquisition specialist providing research on labor availability, labour migration, workplace trends and career development opportunities. Having worked across various sectors such as the recruitment, consulting, investment banking (Goldman Sachs) and the media, both in Nigeria and the United Kingdom, I possess a unique blend of competencies and experience to thrive in any industry.

Related Posts

No Content Available
Next Post
President Bola Tinubu,

Inflation: We will not continue to import food — Tinubu insists  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Doctors in Nigeria earn N11.9m, but FG will pay N40.8m in Saint Lucia – NMA calls out disparity
  • FG inaugurates National Credit Guarantee Company Board to boost MSME financing 
  • SEPLAT posts N13.5 billion in trades as All-Share Index eyes 121,000 level, mid-cap stocks shine 

Follow us on social media:

Recent News

Doctors calls for “Health Sector Development Bank” to stop health sector japa

Doctors in Nigeria earn N11.9m, but FG will pay N40.8m in Saint Lucia – NMA calls out disparity

July 4, 2025
FG inaugurates National Credit Guarantee Company Board to boost MSME financing 

FG inaugurates National Credit Guarantee Company Board to boost MSME financing 

July 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics