25% of Retirement Savings Can Be Used for Real Estate, Says Leadway MD

The Managing Director of Leadway Asset Management, David Alao, has reaffirmed that 25% of Retirement Savings Accounts (RSA) can fund real estate purchases.

He made this statement at the Heads of Practice Assembly 2025, organized by the Nigerian Institution of Estate Surveyors & Valuers (NIESV) in Lagos.

Building Trust in the Real Estate Industry

Alao urged real estate stakeholders to bridge the gap between buyers and sellers, ensuring transparency in property transactions.

He warned that misinformation in the sector is misleading the public, emphasizing the need for industry professionals to restore trust.

According to him, some RSA holders withdraw funds meant for property purchases but fail to use them as intended.

He proposed that estate surveyors should play a fiduciary role in verifying property purchases and ensuring compliance with pension regulations.

Misinformation and Social Media Influence

Alao noted that social media content is sometimes used to manipulate property values, creating distrust within the industry.

He advised industry professionals to use digital platforms to counter false narratives and educate younger generations on real estate matters.

He stressed that if professionals actively engage online, buyers will rely on them for guidance when making property decisions.

Industry’s Role in Economic Growth

Chairman of the occasion, Bode Adediji, challenged professionals to assess their contributions to Nigeria’s GDP.

He highlighted the VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) environment, urging stakeholders to adapt and explore business models like franchising.

The event featured panel discussions and presentations, including one by HOMZ.ng on rental property monitoring for investors.

NIESV President, Victor Alonge, encouraged participants to leverage the program to advance the real estate profession.