By ESV. Irene C Onwubariri<\/p>\n
In a dynamic nation like Nigeria, both estate developer and manager are indisputable drivers of national development. They occupy a strategic position in social development and economic growth, in various significant ways<\/p>\n
Estate developer and manager pursue different but complementary roles. Each necessarily exists to supplement the duties of the other for shared and enhanced gains and to offset deficiencies. <\/p>\n
Estate developer, for instance, accesses a tract of land and procures the basic authorizations and money, develops the strategic plans and builds the structures for leasing or rentals. As the duties of the developer are ending mark the beginning of the responsibilities of estate manager <\/p>\n
The estate manager, on the other hand, administers the property’s operations, rentals, finances and maintenance. The manager acts on behalf of the property owner by relieving him of administrative and logistical burdens to ensure that the operations of the estate assets run in the most competitive and efficient manner.<\/p>\n
Fundamentally, the duties of both the developer and manager stimulate the micro and macro economies and accordingly contribute largely to national development and the Gross Domestic Product of the nation<\/p>\n
This postulation is evidence-based. National Bureau of Statistics’ (NBS) is indicative that the real estate sector is currently the third-largest contributor to Nigeria’s GDP, accounting for almost 10.8% of GDP (valued at over \u20a641 trillion). The real estate sector according to Premium Times has supplanted the oil and gas sector in economic importance accentuated by rapid Urbanization: <\/p>\n
This is further underscored by the fact that estate manager pursues both private and public property renovation and maintenance by driving management of the physical systems and network facilities. In so doing, providing safety nets for property assets and checkmating municipal deterioration. As a result, national property assets base is sustained thereby impacting positive change in the socio economic growth, reflecting in the GDP rise <\/p>\n
However, by guaranteeing proper utilization of land resources through the deployment of professional skills, the developer constitutes a strategic facilitator to national development This is more so as the lands being utilized are for residential, commercial and government uses<\/p>\n
Besides, estate manager’s role is further considered critical to the national economy because of his involvement in the management of national facilities and infrastructure. This statutory responsibility enables him to pursue strategic preventive maintenance measures thereby extending the lifespan of critical public assets and boosting government investment corridors.<\/p>\n
Besides, the managers account for accurate valuation of properties thereby providing basis for proper assessment and taxation. In this way the managers provide reliable data that enables government generate income needed for public services and national development<\/p>\n
As professionals, the estate developers and managers provide expertise for urban renewal , planning and development: They occupy a central place in physical development. They also offer strategic advice on feasibility studies, land utilization and renovation to achieve urban growth and
\n sustainability<\/p>\n
Besides, developers and managers provide the required proficiency to ameliorate the housing deficit by ensuring equal distribution of housing resources towards meeting shelter needs of the nation <\/p>\n
In line with the modern realities in the housing sector, developers and estate managers are significantly attuned to a dynamic shift that favours environmental waste reduction and green building practices. Compliance to this regulation guarantees long-term national sustainability objectives<\/p>\n
By ESV. Irene C Onwubariri<\/p>\n
In a dynamic nation like Nigeria, both estate developer and manager are indisputable drivers of national development. They occupy a strategic position in social development and economic growth, in various significant ways<\/p>\n
Estate developer and manager pursue different but complementary roles. Each necessarily exists to supplement the duties of the other for shared and enhanced gains and to offset deficiencies. <\/p>\n
Estate developer, for instance, accesses a tract of land and procures the basic authorizations and money, develops the strategic plans and builds the structures for leasing or rentals. As the duties of the developer are ending mark the beginning of the responsibilities of estate manager <\/p>\n
The estate manager, on the other hand, administers the property’s operations, rentals, finances and maintenance. The manager acts on behalf of the property owner by relieving him of administrative and logistical burdens to ensure that the operations of the estate assets run in the most competitive and efficient manner.<\/p>\n
Fundamentally, the duties of both the developer and manager stimulate the micro and macro economies and accordingly contribute largely to national development and the Gross Domestic Product of the nation<\/p>\n
This postulation is evidence-based. National Bureau of Statistics’ (NBS) is indicative that the real estate sector is currently the third-largest contributor to Nigeria’s GDP, accounting for almost 10.8% of GDP (valued at over \u20a641 trillion). The real estate sector according to Premium Times has supplanted the oil and gas sector in economic importance accentuated by rapid Urbanization: <\/p>\n
This is further underscored by the fact that estate manager pursues both private and public property renovation and maintenance by driving management of the physical systems and network facilities. In so doing, providing safety nets for property assets and checkmating municipal deterioration. As a result, national property assets base is sustained thereby impacting positive change in the socio economic growth, reflecting in the GDP rise <\/p>\n
However, by guaranteeing proper utilization of land resources through the deployment of professional skills, the developer constitutes a strategic facilitator to national development This is more so as the lands being utilized are for residential, commercial and government uses<\/p>\n
Besides, estate manager’s role is further considered critical to the national economy because of his involvement in the management of national facilities and infrastructure. This statutory responsibility enables him to pursue strategic preventive maintenance measures thereby extending the lifespan of critical public assets and boosting government investment corridors.<\/p>\n
Besides, the managers account for accurate valuation of properties thereby providing basis for proper assessment and taxation. In this way the managers provide reliable data that enables government generate income needed for public services and national development<\/p>\n
As professionals, the estate developers and managers provide expertise for urban renewal , planning and development: They occupy a central place in physical development. They also offer strategic advice on feasibility studies, land utilization and renovation to achieve urban growth and
\n sustainability<\/p>\n
Besides, developers and managers provide the required proficiency to ameliorate the housing deficit by ensuring equal distribution of housing resources towards meeting shelter needs of the nation <\/p>\n
In line with the modern realities in the housing sector, developers and estate managers are significantly attuned to a dynamic shift that favours environmental waste reduction and green building practices. Compliance to this regulation guarantees long-term national sustainability objectives<\/p>\n","protected":false},"excerpt":{"rendered":"
By ESV. Irene C Onwubariri In a dynamic nation like Nigeria, both estate developer and manager are indisputable drivers of national development. They occupy a strategic position in social development and economic growth, in various significant ways Estate developer and manager pursue different but complementary roles. Each necessarily exists to supplement the duties of the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-14391","post","type-post","status-publish","format-standard","hentry","category-opinion"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/14391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=14391"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/14391\/revisions"}],"predecessor-version":[{"id":14392,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/14391\/revisions\/14392"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=14391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=14391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=14391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}