Relevance Group, a real estate company based in Lagos, Nigeria, held the third edition of its annual Wealth Summit to commemorate ten years of people getting richer.
The ‘Lagos Real Money’ themed summit held on Saturday, July 30, 2022 at The Dome, KICC Mende, Maryland Lagos, provided attendees with the opportunity to be inspired and maximize great creative-focused opportunities and wealth management.
During his presentation titled “The Mind of a Rich Man” at the summit, Sunday Olorunsheyi, partner and co-founder of Relevance Group, said the Wealth Summit was launched in 2020 to help people define their journey to financial freedom and understand the process. building transgenerational wealth, a rare phenomenon in Africa.
“A rich man understands the process of making money and is in no rush to make money because he knows it will be passed down from generation to generation,” Olurunsheyi added.
“When we started, we couldn’t afford to buy land on Banana Island, so we went looking for cassava islands, knowing that those places or those bushes would become towns, and we made over a thousand percent because we waited a long time,” he said. said.
Following the same line of thought of creating wealth through land assets, Niyi Adesanya, CEO of Fifth Gear Plus and one of the speakers at the summit, said that real estate is the oldest source of wealth through the ages.
“Housing is a necessity of life, whether for personal or business reasons.” This makes real estate the oldest and most inclusive industry for wealth creation; by inclusive, I mean it’s open to as many people who want to participate,” the CEO added.
Furthermore, Wisdom Ezekiel, co-founder of Relevance Group, said in his Wealth Building Lagos speech that having an eye on opportunities is one of the most important wealth transformation factors.
“I came to Lagos as a teenager looking for money, and I did ‘boy-boy’, also known as apprenticeship, for 5 years,” Ezekiel explained. Although I was not installed because I did not complete the seven years, God installed me; the opportunities were also deciding factors for me.
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Speaking further, Ezekiel said, “The number of people empowered by Relevance Group is in the thousands because I took the opportunities of what people called problems, turned them into commodities, and traded them for profit. .”
He said that IRE – derived from the first letters of Inhabit, Resort and Enterprise, which provides a space where people can live, relax, work and earn – is Pertinence Group’s flagship project that provides opportunities that people can exploit to create wealth.
In his speech, Ezekiel also listed ways to spot an opportunity in Lagos, including finding scarcity items, high demand issues, who is willing to pay for it, trends over time, and have a specific target market.
In the same spirit of creating wealth through real estate, CEO Niyi Adesanya, Fifth Gear Plus, and one of the speakers at the summit said that real estate is the oldest source of wealth through the ages. .
“Housing is a necessity of life, whether for private or commercial purposes. This makes real estate the oldest and most inclusive industry for creating wealth; by inclusive, I mean it’s open to as many people as want to be part of it,” the CEO also said.
One of the highlights of the summit was when ten people each won a plot of land from Pertinence Group in a raffle to celebrate the company’s tenth anniversary.