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This article also features in Africa Nigeria Real Estate Search Page. Read more about this report and view purchase options in our online store.

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Nigeria Real Estate Sector Research Highlights

Nigeria Real Estate Sector Research Highlights
Overview

Emphasis on affordable housing in Nigeria’s real estate sector
OBG
plus

Nigeria’s real estate sector experienced a challenging 2020 in line with broader economic trends, characterised by a drop in demand, movement restrictions and global supply chain disruptions associated with the Covid-19 pandemic. The health crisis resulted in various negative effects across almost all real estate segments: commercial properties saw higher vacancy rates as white-collar workers shifted…

Overview

Locally made construction materials support development in Nigeria
OBG
plus

After growth of 1-2% per year between 2017 and 2019, in 2020 the Nigerian construction sector contracted for the first time since 2016, when the economy last entered a recession. The government launched the Economic Recovery and Growth Plan (ERGP) 2017-20 at that time to reinvigorate the economy by prioritising infrastructure investment, among other objectives, which was expected to drive construction…

Analysis

Nigerian authorities look to mortgages to facilitate homeownership
OBG
plus

Even as the authorities work to create more opportunities for Nigerians to own affordable homes, mortgage penetration continues to be low. The ratio of outstanding mortgages to GDP was 0.5% in 2020 – up from 0.2% in 2019 – compared to 18.9% in Namibia, 16.2% in South Africa, 10.2% in Tunisia, 2.2% in Kenya and 1.6% in Ghana, according to the Centre for Affordable Housing Finance in Africa (CAHF).…

Analysis

Which large-scale projects are attracting private investment in Nigeria?
OBG
plus

In early 2021 the government launched a slate of major projects to help bridge Nigeria’s infrastructure gap. In support of this, the country’s leaders created the Infrastructure Corporation of Nigeria, or InfraCorp, in February of that year: a public-private fund to finance critical infrastructure such as railways and roads. The construction sector is expected to be a significant growth driver…

Interview

Babatunde Fashola, Minister of Works and Housing: Interview
OBG
plus

Interview: Babatunde Fashola Where are the priorities for 2021 in terms of infrastructure development? BABATUNDE FASHOLA: The more transport infrastructure we provide the more efficient the economy becomes, resulting in more business opportunities. The ministry’s goal to improve infrastructure aligns with the administration’s efforts to bolster the ease of doing business as a means of stimulating…

Chapter

The Report: Nigeria 2022: Construction & Real Estate
OBG
plus

Construction in Nigeria has recently been constrained by relatively low public investment and high operating costs. Moreover, its real estate sector experienced a challenging 2020, characterised by a drop in demand, movement restrictions and global supply chain disruptions. However, renewed prioritisation of infrastructure projects – particularly in energy, housing and transport – is expected to…

Country Report

The Report: Nigeria 2022
OBG
plus

Nigeria is the biggest economy in Africa, with GDP of $432.3bn in 2020, according to the World Bank, and home to one of the largest proven oil reserves on the continent. The country has developed an investment-friendly business climate over two decades of civilian rule and in the nearly 60 years since independence, boosted by its oil and gas wealth, and the entrepreneurial spirit of its young popu

Event

Real Estate Development Summit West Africa

The Real Estate Development Summit, West Africa Edition is a conclave that converges delegates and solution providers together to find their ideal prospects and meet the requirements while connecting them with the key players in the industry to explore business opportunities and deal-making strategies. The Summit is scheduled to take place on the 28th & 29th October at The Eko Hotels & Suites…

Overview

Nigerian government to align national development and infrastructure
OBG
plus

The Nigerian construction industry has remained resilient through the country’s recent macroeconomic volatility, benefitting from mid- and long-term economic development policies emphasising infrastructure investment, and a sizeable deficit that has created new opportunities in the transport, energy and real estate sectors. Although currency volatility and a recession in 2016 impacted private…

Overview

As global urban populations undergo rapid growth, planners strive to create more efficient spaces
OBG
plus

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…

View More

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