Property Ownership: The pride of every Nigerian

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Every man is a king in his own house”, this proverb perfectly defines the essence of property ownership in Nigeria.

Property is an integral part of the family life in Nigeria. It is the fundamental basis of wealth, status and cultural identity. A Nigerian man with a land is seen as a ‘full man’ who has accomplished the greatest feat in life, hence the reason every family strive to have one in their name.

One of the ways property ownership is important to Nigerian families is through the widely practiced tradition, inheritance. In Nigeria, it is customary for parents to pass down their property to their children. This practice helps maintain family ties and ensure that the family’s assets are preserved and successful passed on to generations to come.

Of these multitude reasons why land is essential to an average Nigerian, its long-term benefit, (inheritance), is the topmost priority because it offers the most value; financial stability and security for future generations.

The acquisition of property in Nigeria is not devoid of challenges. Several factors such as, scarcity of land, high cost of property, corruption, legal challenges and inaccessible mortgage loans and fraud makes it difficult, especially for lower to middle class families, to be land owners.

These difficulties, however, do not diminish the importance of land ownership or the quest to acquire land. Rather, they further emphasis the need.

In conclusion, the importance of land ownership in Nigeria can not be overemphasised. The desire to own property is deeply ingrained in the Nigerian culture, it is a heritage passed down from past generations to the present and will continually be passed on.

Despite the challenges, the importance of land ownership remains constant, and it will continue to be an essential part of the Nigerian family life for generations to come.

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Adesewa Adeyoju

Associate, Growth & Strategy

Adesewa Adeyoju works in the growth and strategy team of Greenetro, where she performs administrative tasks and manages customer relationship. She takes pride in her ability to foster effective communication and relationship between the company and it’s partners to ensure a smooth experience.

Adesewa has a bachelor’s degree in English and Literary studies from Obafemi Awolowo University. She is also a graduate with honors from Alx where she took courses on customer service and communication.

Engr. Samuel Ayoola

Consultant, Project Development

Engr. Samuel has over 8 years’ experience in business and project development across the construction and oil and gas industry. He holds a degree in mechanical engineering from Ladoke Akintola University of Technology, with an ongoing MSc in advanced mechanical engineering at Glasgow Caledonian University, UK.

Fiyin Olajide

Consultant, Strategy & Acquisitions

Fiyin has over 11 years’ management and technical experience in solution architecture, structural performance, and business administration. He holds an MBA from University of St Mark & St John, Plymouth, and a degree in electronic and electrical engineering from Ladoke Akintola University of Technology.

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Segun Akolade

Co-founder & Managing Director

Segun Akolade is the co-founder of Greenetro, where he serves as the Managing Director, responsible for managing the business operations. Segun has over 10 years’ experience in engineering, business administration, and facility management.

Segun started his career at Riggs Engineering managing multiple projects, and then FBN Insurance managing corporate assets and infrastructures. Segun holds a Master of Business Administration (MBA) from Ajayi Crowther University, Nigeria with specialization in finance. Segun holds certificates in mergers & acquisitions, investment management, private equity and venture capital, and enterprise design thinking.

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Aaron Olajide

Co-founder & President

Aaron Olajide is the co-founder and president of Greenetro, where he is responsible for strategic business development. Aaron has legal and business experience across project finance and development, renewable energy, and tech. Prior to co-founding Greenetro, he founded Ronvisory (a management consulting and deals advisory firm, advising clients in the US, the UK, and Nigeria) and Ronvisory Tactical Acquisitions (an asset acquisition firm).

Aaron started his career in the Lagos office of Matrix-Solicitors, and then Daystar Power Group advising on renewable power projects across Africa. He has a bachelor’s degree in law from Obafemi Awolowo University, a qualifying certificate from the Nigerian Law School, and a Diploma in Business Management from the International Business Management Institute (IBMI), Germany. Aaron holds certificates in infrastructure finance and investment, private equity and venture capital, and corporate finance.