Nigeria - Business creation project

Décrivez votre projet en quelques mots

Ekodayo is a one-stop app that will allow millions of property seekers in Lagos to access verified listings, titles (Deed of Assignment, Survey Plan, CofO), property details, and agent information, with the goal of reducing stress and fraud in the city.

01.01 Décrivez votre projet en détail

Lagos is experiencing a booming population. Depending on whom you ask, roughly 18 to 20 million people currently live in the city. The population has been gradually increasing, with hundreds of thousands of people flocking to the city every year. It has been projected that by 2035, over 25 million people might be dwelling in Lagos, making it one of the largest cities in the world. With the influx of people into the city come the challenges of housing. Getting a property in Lagos today involves a cumbersome and often risky process plagued by disputes and fraud, due to unclear land titles. Many properties lack proper documentation, leading to multiple claims on the same parcel of land. Fraudulent individuals often sell land they do not own, or land that is under government acquisition, leveraging forged documents and exploiting buyers' ignorance. These issues are exacerbated by fraudulent agents and developers, making it difficult for potential buyers to verify legitimacy

01.02 Quel est le problème principal que vous essayez de résoudre ?

Lagosians have lost 1.5 trillion naira in 4 years to real estate-related fraud. It’s estimated that this number will double by the second quarter of 2028. Ekodayo is a one-stop solution app for Lagos's property challenges. It intends to combat fraud with verified listings and reviews of agents and developers while empowering users with granular search filters to find their ideal property. By connecting users with affordable housing initiatives and streamlining regulatory hurdles, the app will bridge the gap between Lagos residents and their dream homes. Also, it will foster communication between tenants, landlords, developers, and agents, providing a platform for dispute resolution and promoting a more harmonious property market.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service que vous souhaitez fournir par votre projet (au moins 3).

1. Increasing Transparency: Reducing fraudulent activity and improving trust in the Lagos real estate market. 2. Effortless Navigation of Regulations: By connecting to the Lagos state government database, the app will simplifies building permit applications and land registry procedures by providing a platform for easy access and status updates. 3. Explore Affordability Options: Get connected with government-backed affordable housing schemes and initiatives, and access mortgage products and financial tools through partnerships with micro-financing institutions.

01.04 Veuillez décrire précisément à qui s'adressera le produit/service de votre projet. Quels sont les bénéficiaires visés ?

• Property seekers (renters & buyers) • Real estate agents & developers • Government agencies (urban planning, land registry)

01.05 Quand avez-vous commencé à travailler sur votre projet ?

01/03/2024

01.06 Combien y a-t-il de propriétaires sur votre projet en plus de vous ?

2

01.07 Parmi les autres propriétaires, combien sont des femmes ?

1

01.08 Veuillez décrire le profil des autres propriétaires de votre projet (compétences, expérience, etc.).

Moshood Adedapo is a Seasoned entrepreneur with a proven track record of success across various industries, including agriculture, real estate, and mining. Adept at identifying opportunities, developing strategic plans, and leading teams to achieve profitable growth. Highly motivated and results-oriented, with a passion for innovation and building sustainable ventures. Gloria Uzorue, a biologist and co-founder of Toria Fashion, exemplifies passionate entrepreneurship. Her vision extends beyond the realm of fashion, aiming to empower African women to discover and fulfill their life's purpose.

01.09 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

01.10 Quel est le secteur d'activité qui décrit le mieux votre projet ?

k) Propriété (biens immobiliers)

02.01.01 Mon projet contribue à l'objectif 'Pas de pauvreté'

7 - Tout à fait d'accord

02.01.02 Justification de la contribution de mon projet

• Increasing Access to Safe & Affordable Housing: By connecting users with affordable housing initiatives and streamlining rental processes, the app can make finding a decent and secure place to live more achievable for low-income residents. This contributes to SDG target 1.1 (eradicate extreme poverty) and 1.4 (access to basic services). • Boosting Economic Opportunities: A more efficient real estate market attracts investment and development, potentially leading to job creation in construction and related sectors. This tackles SDG target 1.2 (reduce poverty by half) by fostering economic activity that benefits low-income communities. • Financial Inclusion: Integrating micro-financing tools within the app empowers users to explore mortgage options and potentially achieve property ownership. This contributes to SDG target 1.4 (access to financial services) and promotes wealth creation, a key factor in poverty reduction.

02.02.01 Mon projet contribue à l'objectif 'Faim Zéro'

2

02.02.02 Justification de la contribution de mon projet

02.03.01 Mon projet contribue à l'objectif 'Bonne Santé et Bien Être'

2

02.03.02 Justification de la contribution de mon projet

02.04.01 Mon projet contribue à l'objectif 'Éducaiton de Qualité'

2

02.04.02 Justification de la contribution de mon projet

02.05.01 Mon projet contribue à l'objectif 'Égalité entre les Sexes'

7 - Tout à fait d'accord

02.05.02 Justification de la contribution de mon projet

My project contributes to gender equality goal by encouraging women's participation in the real estate market as agents or developers. Our company when formed will ensure at least 40% of our workforce are women.

02.06.01 Mon projet contribue à l'objectif 'Eau Propre et Assainissement'

2

02.06.02 Justification de la contribution de mon projet

02.07.01 Mon projet contribue à l'objectif 'Énergie Propre et Abordable'

2

02.07.02 Justification de la contribution de mon projet

While the primary focus is on improving real estate accessibility, ekodayo app's influence on urban planning and user awareness can contribute to a more sustainable Lagos in the long run.

02.08.01 Mon projet contribue à l'objectif 'Travail Décent et Croissance Économique'

5

02.08.02 Justification de la contribution de mon projet

By fostering job creation, entrepreneurship, and fair labor practices, ekodayo app intent to contributes to a more dynamic and inclusive economy in Lagos, aligning with the goals of SGD 8.

02.09.01 Mon projet contribue à l'objectif 'Industrie, Innovaiton et Infrastructure'

2

02.09.02 Justification de la contribution de mon projet

02.10.01 Mon projet contribue à l'objectif 'Réduction des Inégalités'

5

02.10.02 Justification de la contribution de mon projet

By providing greater access to housing, financial tools, and ensuring equal opportunity through technology, we believe ekodayo app will contribute to a more equitable and inclusive Lagos, aligning with the goals of SDG 10.

02.11.01 Mon projet contribue à l'objectif 'Villes et Communautés Durables'

6

02.11.02 Justification de la contribution de mon projet

By promoting smart urban planning, sustainable living options, and a more connected citizenry, we are convinced that ekodayo real estate app will contributes to a more ecologically sound and resilient Lagos in the long run.

02.12.01 Mon projet contribue à l'objectif 'Consommation et Production Responsable'

3

02.12.02 Justification de la contribution de mon projet

02.13.01 Mon projet contribue à l'objectif 'Luttle contre les Changements Climatiques'

3

02.13.02 Justification de la contribution de mon projet

02.14.01 Mon projet contribue à l'objectif 'Vie Sous-Marine'

2

02.14.02 Justification de la contribution de mon projet

02.15.01 Mon projetp contribue à l'objectif 'Vie Terrestre'

2

02.15.02 Justification de la contribution de mon projet

02.16.01 Mon projet contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

2

02.16.02 Justification de la contribution de mon projet

02.17.01 Mon projet contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

3

02.17.02 Justification de la contribution de mon projet

05.01 Il existe un grand nombre de clients qui utilisent déjà un produit/service très similaire à celui que nous envisageons de créer.

4

05.02 Le produit/service que nous voulons créer représente un type de produit/service entièrement nouveau

3

05.03 Le produit/service que nous voulons créer pourrait être décrit comme une nouvelle technologie

4

05.04 Le produit/service que nous voulons créer est une amélioration d'un produit ou d'un service existant

6

05.05 Le produit/service que nous voulons créer pourrait être décrit comme une extension d'une gamme de produits ou de services

1 - Pas du tout d'accord

05.06 Le produit/service que nous voulons créer répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

05.07 Le produit/service que nous voulons créer est une nouvelle version d'un ancien produit/service

4

05.08 Justification de mon projet

We believe ekoday is unique because of its catering specifically to Lagos' unique neighborhoods. Integrate Lagos geo-spatial data to overlay listings on a map with details like traffic congestion, flooding zones, or proximity to social amenities and implementing a rigorous verification process for real estate agents, ensuring legitimacy and building user trust. Go beyond basic reviews - allow users to rate agents on specific aspects like responsiveness, communication, and local knowledge.

05.09 Qui sont vos principaux potentiels concurrents et qu'est-ce qui vous différencie d'eux ?

Ekodayo have several competitors, including: • Traditional Real Estate Agencies: These established agencies have a strong presence and network of agents, but often lack transparency and user-friendly technology. • Online Listing Platforms: Platforms like PropertyPro.ng or Nigeria Property Centre offer property listings, but may not have functionalities like advanced search filters, agent verification, or dispute resolution. • Social Media Groups: Facebook groups dedicated to Lagos rentals or property sales can be a source of listings, but lack the structure and security of a dedicated app. Here's how ekodayo will differentiate itself: • Hyperlocal Focus: Cater to specific Lagos neighborhoods with details like traffic data, flooding zones, and proximity to amenities. • Verified Agents & Reviews: Implement a rigorous verification process with in-depth agent reviews highlighting responsiveness, communication, and local knowledge.

10.06 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

Yes. I have actively contributed to fostering women's entrepreneurship within my community. Through my efforts, Waterbed Farm Ltd and Dah Creative Agency Ltd, both women-owned businesses, were successfully registered with the Corporate Affairs Commission (CAC) in Nigeria. Additionally, Toria Fashion, a startup co-founded with a female colleague, exemplifies my commitment to this cause. Furthermore, I have established a dedicated WhatsApp group to provide ongoing coaching and support to aspiring women entrepreneurs.