Nigerian Real Estate Market Valued at ₦41.3 Trillion Offers Lucrative Investment Opportunities

The Nigerian real estate market, valued at ₦41.3 trillion, presents lucrative investment prospects, contributing 5.45% to the GDP in Q3 2024. Dotun Bamigbola of Bamigbola Consult highlights the sector's potential, with a housing deficit of 20-28 million units.

Despite Nigeria's REIT market value of $600 million, it lags behind South Africa's $8.5 billion, offering lower returns and facing operational inefficiencies. The report emphasizes the need for legislative improvements to boost the sector's growth.