CategoriesReal Estate

SDGs ARE ESSENTIAL FOR REAL ESTATE DEVELOPMENT

The Gross Domestic Product is an intangible quantity that does not directly correlate to the well-being of humans. As an illustration, Nigeria’s gross domestic product grew by 6.22 percent in the year 2014. Using the Sustainable Development Goals as a lens for development in order to achieve economic success. The United Nations’ 17 Sustainable Development Goals (SDG) framework can contribute to the economic success of both the population as a whole and the country as a whole.

Below is the list of the 17 SDGs:

1: No Poverty

2: Zero Hunger

3: Good Health and Well-being

4: Quality Education

5: Gender Equality

6: Clean Water and Sanitation

7: Affordable and Clean Energy

8: Decent Work and Economic Growth

9: Industry, Innovation and Infrastructure

10: Reduced Inequality

11: Sustainable Cities and Communities

12: Responsible Consumption and Production

13: Climate Action

14: Life Below Water

15: Life on Land

16: Peace and Justice Strong Institutions

17: Partnerships to achieve the Goal

 

It is necessary to evaluate GDP, but it is equally important to measure the Sustainable Development Goals (SDG). Some of these Sustainable Development Goals (SDGs), such as having sustainable cities, clean water and sanitation, and decent work that contributes to economic growth, are vital for real estate. The part that the industry plays in the process of job creation, for instance when developing residential and commercial real estate. When it comes to real estate, responsible consumption and production means taking a look at the way homes are constructed to determine if they are suitable for our climate. When viewed through the lens of SDG, the importance of clean energy that is both affordable and accessible also applies to the real estate industry. What kind of power supply does the dwelling make use of? When thinking of renewable energy, solar power immediately comes to mind. If we are going to be successful in achieving these Sustainable Development Goals (SDGs), the real estate industry must be at the core of it all and must play a significant role in Nigeria.

 

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