Nigerian Proptech Startup, BuyLetLive hosts digi-volution forum in partnership with leaders in the real estate ecosystem

BuyLetLive launched with one major goal in mind: to limit the opaqueness in the real estate market. A goal that the brand believes buyers, agents and landlords have benefited from in the past year through their thoughtfully-created ecosystem enabling improved interactions between stakeholders. As a two-sided marketplace, BuyLetLive aggregates inventory on one side from verified agents and developers and on the other side showcases these inventory to homeseekers providing them with a wider and safer search experience.

The Stakeholder Engagement Forum, was aimed at showcasing BuLetLive’s product to stakeholders, discussing the potential opportunities it holds and obtaining feedback to better serve the ecosystem. This was the key message that formed the heart of the welcome address and press briefing delivered by the BuyLetLive CEO/Co-founder, Mr Ola Daramola.

Speaking earlier at the press conference, CEO/Co-founder BuyLetLive, Mr Ola Daramola, said “Our mission is simple. We want to be the one-stop platform that agents, developers and homeseekers turn to as their property portal of choice, and to deliver this, BuyLetLive is building an ecosystem where employees want to work in, that venture capitalists can trust with their investments and industry practitioners are eager to partner with.”

BuyLetLive Stakeholder Engagement Forum - Address by Ola Daramola - CEO & Co-founder, @Buy Let Live

( L - R ) - Ola Daramola - CEO & Co-founder, BuyLetLive (@buyletliveofficial), Gary Sanusi - Chief Executive Officer - Dillon Consultants (@dillonnigeria) Pulse Nigeria

The Stakeholder Engagement Forum featured Keynote addresses, panel sessions, open discussions on topics such as Funding opportunities for real estate development, The role of technology in real estate (proptech) and Galvanising investments for the Nigerian diaspora in Nigeria property market. These prompted very rich conversations and contributions by speakers and invited guests.

Wole Adeniyi (CEO, Stanbic IBTC) Pulse Nigeria

BuyLetLive Stakeholder Engagement Forum - Address by Wole Adeniyi, CEO @Stanbic IBTC

In the first address of the day, Mr Wole Adeniyi (CEO, Stanbic IBTC) highlighted the Financial Opportunities for Real Estate and their economic contribution. He was quick to inform the invited stakeholders of the opportunities available for the industry through the lens of the banking sector. According to him, “The Real Estate Industry has 3.5 Trillion Naira available for utilisation of home loans. BuyLetLive provides the biggest opportunity for users to have access to this with Stanbic IBTC. For the expansion of the real estate industry, we need credible and trustworthy real estate players and what BuyLetLive is doing is creating an opportunity and a platform for that connection to happen.”

( L - R )- Bode Edun - CEO, Centania Homes (@centaniahomes), Odunayo Ojo - MD/CEO, UPDC Plc (@odunojo) (@updcplc), Laide Agboola - Co-Founder & CEO, Purple (@laiagboola) (@purplegroupng) Pulse Nigeria

With the growth of Proptech, where BuyLetLive is leading the paradigm shift in Nigeria, guest speakers at the event shared their thoughts on the adoption of technology in the Nigerian real estate market. These discussions addressed the intricacies of adopting protech, its future in Nigeria and also the current and potential challenges. In fact, according to Odunayo Ojo (CEO, UPDC Plc), “One of the key issues in the real estate industry is lack of data and the only way we can access that data is if we are all feeding into the database and [he believes] that is what platforms such as BuyLetLive will force us to do.”

This sentiment was shared by Gbenga Olaniyan (CEO/Senior Partner, Estate Links Limited), “Ensure that you do not joke with data. Not just data, you need to have access to actually concluded transaction data that is up to date. This is because asking prices for properties in this part of the world is artificially high and are not to be used for decision-making”

According to Olawale Ayilara (CEO/Group Head, Oxygen Holdings/LandWey Investments Limited), this is an issue that can be solved through reasonable investments, “In the future generally, technology is very integral to how the property market and everything will operate. As businesses and leaders in the industry, we need to invest more in research and development. We all need to see how we can invest in technology to enhance how we do business”

Abike Dabiri-Erewa OON (CEO, Nigerians in Diaspora Commission) Pulse Nigeria

BuyLetLive Stakeholder Engagement Forum - Address by Hon. Abike Dabiri-Erewa, CEO NIDCOM

With the increasing number of Nigerians in the diaspora, Keynote speaker, Abike Dabiri-Erewa OON. (CEO, Nigerians in Diaspora Commission), spoke on the products her commission is offering prospective property investors in order to galvanise investment in the real estate sector for Nigerians in the diaspora. “When we talk of issues in the Diaspora, We are talking of 17 million Nigerians abroad and 20 Billion dollars in terms of remittances to Nigeria, that is more than any foreign direct investment put together, It's about 6% of our GDP,” she says, “One way we can have Nigerians in the diaspora invest properly in the Nigerian real estate sector, is through organisations like BuyLetLive playing a key role by connecting buyers directly to sellers without a third party and without being duped.”

From one speaker to another, the wealth of knowledge shared was profound, filling the room with continuous applause and appreciation for BuyLetLive’s initiative in hosting an insightful forum.

Otunba Bimbo Ashiru (Chairman, Odu’a Investment Company Limited(@odua_group) Pulse Nigeria

Olajide Abiodun BabatundeSpecial Adviser to Lagos State Governor on E-GIS and planning matters Pulse Nigeria

Gbenga Olaniyan (Principal Partner, Estate Links Limited (@estatelinks_goa) Pulse Nigeria

Taofeeq Olatinwo (Head of ICT, Nigeria Mortgage Refinance Company (@nigeriamortgagerefinance.coy) Pulse Nigeria

( L - R ) - Tunde Daniel Balogun - Co-Founder / CEO, SmallSmall (@tundebalogun_) (@rentsmallsmall), John Oamen - CEO, Cutstruct Technology Limited (@johnoamen) (@live.vend) Pulse Nigeria

KEVIN OFILI - Senior Partner at Paul Osaji & Co (@paulosaji_co) Pulse Nigeria

Akin Opatola - Senior partner at Olawale Jordan Company (@olawalejordanrealtors) Pulse Nigeria

( L - R ) - Wale Akinlabi - CEO Albert & Wand Ltd (@albertandwand), Opara Gladstone - President, International Real Estate Federation, Nigeria Chapter (FIABCI Nigeria)(@oparagladstone), Amb. Dr. Funke Kehinde - CEO, Brilliant Concepts / President, Real Estate Millionaires / Ecowas Youth Ambassador (@brillantconcepts_realtors), Emeka eleh - Principle partner, Ubosi Eleh & Co. (@ubosieleh_co), Bamidele Onalaja - Chairman, REDAN Lagos Chapter / MD & CEO, Revolutionplus property(@bamidele_onalaja) (@revolutionplusproperty), Dr. Tony Aspire Kolawole - President, Billionaire Realtors Group / CEO, Tribitat Real Estate(@tonykolawole) (@tribitatrealestate), Ayilara Olawale - Founder, Chief Strategy & Executive Officer, LandWey Investment Limited(@olawaleayilara) (@landwey.ng), Moderator - ESV. Gbenga Ismail - Principal partner, Ismail And Partners(@ismailandpartner) Pulse Nigeria

BuyLetLive Stakeholder Engagement Forum - Highlights on Panel 2 with Bamidele Onalaja

( L - R ) - Yele Kufeji - Chairman and CEO, The Dave Kubak Group , CHRISTINE FASHAKIN-Nobre - Group COO, Brains & Hammers, Odunayo Ojo - MD/CEO, UPDC Plc, Sijibomi Ogundele - CEO, Sujimoto Construction Limited, Ope Adetiba - COO, Purple Moderator- John Oamen - CEO, Cutstruct Technology LIMITED Pulse Nigeria

BuyLetLive Stakeholder Engagement Forum - Highlights on Panel 1 with Sijibomi Ogundele