Integrating sustainability into Nigeria’s property market

Nigeria's ambitious targets to reduce its carbon footprint by 2060 have sparked conversations about integrating sustainability into the country's property market. Pedro Fatuyi, Senior Facilities Manager at Brawl Nigeria, recently sat down with CNBC Africa to discuss how this integration can lead to desirable outcomes. Fatuyi highlighted the importance of focusing on design, occupant behavior, and efficient waste management to achieve significant energy savings in existing building stock. By making simple changes like encouraging occupants to switch off lights when not in use, utilizing natural light, and implementing effective waste management systems, buildings can realize up to 30% energy savings. Additionally, strategic design choices such as optimizing window wall ratios, incorporating daylight control systems, and using efficient shading devices can further enhance energy efficiency in buildings. Heritage Place, a lit certified building managed by Brawl Nigeria, serves as a prime example of sustainable design practices that prioritize energy conservation while maintaining occupant comfort in Nigeria's tropical climate. Fatuyi emphasized the need for building owners and developers to quantify the gains of sustainability initiatives, citing potential savings of 20% in energy, water, and waste reduction. He also highlighted certification programs like the IFC's Edge certification and Nigeria's national building energy efficiency code, which incentivize sustainable building practices and promote environmental stewardship in the real estate sector. While renewable energy is a crucial component of sustainability, Fatuyi underscored the importance of starting with energy optimization and efficiency improvements before transitioning to renewable sources. He advocated for a hybrid approach that combines utility, solar, and backup generators to reduce reliance on fossil fuels and achieve significant energy savings. By adopting hybrid energy solutions, properties like Jabi Mall have successfully reduced their carbon footprint and operational costs while enhancing environmental sustainability. Fatuyi pointed out that even in challenging market conditions with rising energy costs, sustainable building practices can lead to substantial savings and environmental benefits. Looking ahead, he urged individual homeowners and building occupants to prioritize energy conservation by implementing simple behavioral changes like reducing electricity consumption and investing in energy-efficient appliances. By working closely with professional consultants and leveraging resources like the Edge website, individuals can transform their spaces into sustainable and cost-effective environments. Despite potential initial costs, Fatuyi highlighted the long-term financial benefits of green investments, citing a potential 20% life cycle saving in construction alone. As Nigeria continues its journey towards a more sustainable built environment, the integration of innovative design strategies, energy-efficient technologies, and sustainable practices remains essential to achieving energy efficiency, cost savings, and environmental resilience in the country's property market.