FG, firm collaborate to train real estate practitioners

Real estate


As part of efforts aimed at promoting professionalism in the real estate sector, as well as reducing the deluge of building collapse in the country, Western Atlantic Corporations Limited, the promoters of MOREACADEMY project, in collaboration with the Centre for Management Development (CMD), has concluded plans to hold Mortgage Industry Stakeholders Luncheon and train about 70 practitioners in the real estate sector.

The initiative is a Public Private Partnership arrangement between the CMD, which is a parastatal under the Federal Ministry of Budget and National Planning Commission and Mortgage and real estate academy in Nigeria (MOREACADEMY), an investment manager, corporate consultant and trainers.

Managing Director/Chairman of the company, Dr. Ade Akinfolurin, disclosed this yesterday while addressing newsmen in Lagos. He said the luncheon, which will also kick-start the entire training programme of the academy, would further secure the interest of the participating public in the development of the nation’s mortgage and real estate sector.

“It is also meant to further instill public confidence through MOREACADEMY, that a new horizon in delivery of the much needed human capacity in the industry could be achieved. The luncheon is to buttress the importance of the firm and its trainings for the nation’s economic interest, taking into consideration the Federal Government’s mandate to the various stakeholders in the discharge of their responsibilities. Most importantly, it is a demonstration of the fact that Government is desirous of genuine partnership with the private sector to develop the economy, he said.

Although the proposed training programme ought to have taken place in 2016, according to Akinfolurin, its take-off was postponed till next month to enable the Federal Government perfect some other areas of the programme in order to have a comprehensive coverage that would address all issues in the industry.

He said: “ The three day programme was also to ensure that the Training facilities of CMD are enhanced for these high end training opportunities.”
He assured participants of an exciting and top quality training sessions, “which will provide first class trainings and workshops that are structured and relevant to the Nigeria economy.

Dignitaries expected at the luncheon include the Lagos State Governor, Mr. Akinwumi Ambode, who will declare the event open; Minister of Power, Works and Housing, Mr. Babatunde Fashola; Minister for Budget and National Planning, Senator Udoma Udo Udoma, Minister of Finance, Mrs. Kemi Adeosun as well as His Royal Majesty, Oba Adeyeye Eniitan Ojaja 11, the Ooni of Ife.

The training programme is expected to draw participants from about 23 banks, Primary Mortgage Institutions (PMI), Real Estate Practitioners associations, the 36 State Governments, Federal Housing Authorities and Housing Corporations in Nigeria. Participants in the project are to be trained in Real Estate and Mortgage Education for Mortgage loan originators, Mortgage Loan Processors, Underwriters, Mortgage Brokers, Mortgage Lenders, Real Estate Brokers/Agents, Property Managers and developers, Appraisers/Valuers, and Real Estate Inspectors/Developer.



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