Chief M. I. Okoro Advocates AI in Nigeria's Real Estate Growth

Chief M. I. Okoro, a Lagos-based estate surveyor and valuer, delivered a keynote address on October 2, 2026, at the Real Estate Expo Symposium marking the 88th anniversary of Ikoyi Club 1938.

He identified artificial intelligence (AI), digital mapping, building information modelling (BIM), and smart-building systems as pivotal technologies for the future of Nigeria's real estate sector. Okoro stated that these technologies are already influencing property search, valuation, design, construction, marketing, financing, and management.

He highlighted that AI and data analytics would enhance decision-making for investors and professionals, while digital mapping could clarify land and infrastructure understanding. Okoro warned that technology could also introduce new fraud risks, urging that it should enhance professional judgment rather than replace it.

He called for improved real estate market data and collaboration among professional bodies to attract investment. Additionally, he noted that infrastructure remains crucial for property value, urging investors to monitor key projects like the Lagos–Epe Expressway and Lagos rail network.