Latest news from the Michael Chu’di Ejekam Blog: February 6, 2018.
Fine & Country organized ‘Navigating Change’ in collaboration with Business Day and Lagos Business School. ‘Navigating Change’ will set the tone for the year by identifying the impacts of the current economic and political standing in the Real Estate Industry. Winning strategies for the current economic state was discussed by experts and current trends and opportunities for residential and commercial sectors were also mentioned by some.
Michael Chu’di Ejekam: 2018 Economic And Real Estate Outlook
The Real Estate Outlook session was formally started by Dr. Henrietta Onwuegbuzie, Director of Entrepreneurship, Lagos Business School, with her welcome address. Mr. Frank Aigbogun, Publisher for Business Day, then commenced the seminar by saying Real Estate mirrors the Economy and gave his insights to the current economic situation.
‘Navigating Change’ was described by Mrs. Udo Okonjo, CEO/Vice chair of Fine & Country, as a crucial seminar to discuss the reflection of the current and new market situation that is beaming with bright opportunities for Real Estate Entrepreneurs. Three main topics were discussed: Real Estate, Real Disruption; Bridging the Financial Gap; and Residential and Commercial Trends and Opportunities.
As one of the special guest, Mr. Michael Chu’di Ejekam shared his insights and experiences working in the retail real estate. As a world-renowned leader in his field, the audience were keen to know his predictions for 2018’s economic and real estate growth, taking into consideration the current economic situation and its potential effects for Real Estate growth for the country.
During the program, Fine & Country and Lagos Business School has announced their collaboration to launch a Real Estate Leadership Course that will start on June 2018. She added that Fine & Country’s main goal is to continuously provide thorough leadership course in the Real Estate sector through courses such as this which is designed for Real Estate Entrepreneurs.
Through the years, Michael Chudi Ejekam has had a hand in the development of several malls throughout Nigeria and Africa as a whole. These retail spaces aren’t just a sign of a growing economy, or even of improving lifestyles for people. For Nigeria’s unemployed young workers, they may be a sign of hope. This Michael Chudi Ejekam blog explores the unemployment issue in Nigeria and how retail just might be a key piece in solving it.
A “Society in Danger of Destruction”
Not too long ago, the president and CEO of Dangote Group in Nigeria used that phrase to describe the difficult employment situation. Aliko Dangote spoke out about the dangers associated with unemployment in a 2015 editorial, which served as an open letter to the Buhari administration. Referring to youth unemployment (up to age 34) as “the monster that has kept our teeming youths on the fringes of human existence,” he called for the administration to “slay” it. “Our entire society is in danger of destruction unless we pay attention to this huge segment of our young and jobless global population,” he added. Around that time, youth unemployment rested around 50%, an astounding level that no doubt contributed to countless other issues throughout the country.
Retail Could Help Break the Cycle
Naturally, as the population grows, so, too, does the unemployment rate. The good news is, retail could play a key role in reducing youth unemployment throughout the country. Broll Nigeria recently held a roundtable discussion called “Retail Industry: 10 Years from Now,” and the industry experts concluded that retail could be the biggest employer of youths in the coming years. Bolaji Edu, CEO of Broll Nigeria, offered further insights into the industry. “Despite a challenging environment,” he said, “Nigeria still holds promise for investors who are willing to take a long-term approach on investments.” However, the government will play a large role in whether retail continues to expand and create jobs. “The outlook for the retail sector is largely dependent on economic reforms as well as the lifting of foreign exchange restrictions,” Edu added.
So, although retail may not be a magic bullet that slays the beast, it very much could be with the right governmental procedures and policies in place. This would not only impact the Nigerian youths of today but will build for a better future for the country overall.
Bookmark the Michael Chudi Ejekam Blog
For more information on the retail sector, business, investments, and news that matters to people throughout Nigeria and Africa, please be sure to bookmark the Michael Chudi Ejekam Blog now. We’ll be adding articles periodically, creating a searchable database of news, tips, and insights right here on this site.
Michael Chu’di Ejekam delivered a presentation on the Broll event titled “Retail Industry: 10 Years from Now”. Michael’s presentation focuses on Nigeria’s retail development and is aptly named “The next generation of malls in Nigeria – the same? or Adapt?”. Check this slideshare for more information.
Michael Ejekam is an expert in Nigerian retail, investing, and commercial real estate. He was part of the team that brought Heritage Place to fruition. As Nigeria’s first green certified commercial building, it has paved the way for other buildings and raised the standards for commercial development. Michael Chu’di Ejekam also goes by Michael Chudi Ejekam, Michael Ejekam, Chu’di Ejekam and Chudi Ejekam. Being involved in commercial real estate and retail investments, Michael Chudi Ejekam is constantly watching the market to see which companies are performing well.
Michael Ejekam — Developments for Nigeria
Once he traveled back home to Nigeria, Chudi Ejekam played a key role in the “retail revolution.” As the Director of Real Estate for West Africa of Actis, the most active retail developer in sub-Saharan Africa, he took part in the development of many major retail malls in Nigeria, Ghana, and broader West Africa, as well as the first green certified building in all of Nigeria. Overall, he originated more than $750 million in retail projects, and his knowledge and background led to the success of countless ventures throughout Nigeria. Today, Mr. Michael Ejekam remains in Lagos, Nigeria, and is poised to continue developing and bolstering the local economy. As the retail climate in West Africa continues to change, his expertise and experience will no doubt prove invaluable.
Bookmark the Michael Chu’di Ejekam Blog
If you haven’t done so yet, please take a moment to bookmark the Michael Chu’di Ejekam Real Estate Blog. We’ll be adding all kinds of articles pertaining to retail, investment, and commercial enterprise throughout Nigeria and all of Africa. From time to time, we’ll also add in insights directly from Michael Chu’di Ejekam, so expert advice and opinions on the market will always be at your fingertips
Michael Chu’di Ejekam knows real estate, especially commercial real estate in the retail sector. Over the years, he has had the pleasure of working on many development projects that have benefitted people in the United States, as well as throughout West Africa. These development projects have not only stimulated the local economies, but also highlight how the “retail revolution” has impacted consumers and changed the way people expect to experience a shopping experience to be.
Michael Chu’di Ejekam: Innovative Ideas and In-Depth Knowledge
As an honors graduate of the prestigious Wharton School of Business at the University of Pennsylvania, Mr. Ejekam has a firm background in the industry. His Ivy League education has helped him throughout his career. First, while working as a Wall Street investment banker at Merrill Lynch, and then later, while working for an American private real estate investment and development firm with interests in $2 billion of real estate assets. These experiences combined made him the ideal choice as the Director Real Estate for West Africa for Actis. For seven years, he served the $7.5 billion private equity firm, while it was the most active retail developer in sub-Saharan Africa. He provided the company with the necessary insights on demographics, potential challenges, and factors of success, enabling the company to take part in the creation of Lagos, Nigeria’s first certified green commercial building and several retail shopping malls throughout the region. Overall, he originated more than $700 million in retail projects with the firm, including Ikeja City Mall Lagos, Jabi Lake Mall Abuja, and Accra Mall, among others. The expansive list contains the largest retail malls in all of Ghana, Nigeria, and broader West Africa.
Michael Chu’di Ejekam as a Leading Expert in the Industry
These successes have put Mr. Ejekam in high demand with the media when they need to gain insight into a trend or the real estate market. He’s commonly interviewed by journalists and is also consulted by some of the industry’s most notable agencies and firms. His expertise spans the whole breadth of real estate, though commercial real estate in the retail sector is certainly his strong suit and passion. Moreover, he has a proven track record of full cycle retail investment and development. This includes site origination, equity investment, planning approvals, development management, tenant leasing, asset management and exit strategies.
Real Estate Info From Michael Chu’di Ejekam
This site is slated to be a hub of information for all things related to the global real estate market, from the United States to Nigeria, and everywhere in between. You’ll be able to find news, stories, statistics, and general info here, as well as special insights from Michael Chu’di Ejekam, himself. To make sure you never miss a post, be sure to bookmark this site and check back often for the latest updates.