Trust Deficit Hinders Diaspora Investment in Nigeria Real Estate

On May 16, 2026, a virtual summit focused on the Nigerian real estate market revealed that a significant trust deficit is the main barrier preventing diaspora investors from engaging in property investments in Nigeria. The summit, co-hosted by Mr.

Olatund Badmu, founder of Excel Home, and Mr. Tund Olatunji, Managing Director of Periwinkle Condo, attracted hundreds of attendees.

They discussed strategies to build a multi-million dollar property portfolio, emphasizing the need for transparency and trust in investment processes. Mr.

Olatunji highlighted that the hesitance of Nigerians living abroad to invest back home stems from decades of abandoned projects and opaque processes. He proposed a pre-funding model to mitigate risks and ensure project viability without pressuring subscribers.

Dr. Chiedu Nweke, founder of Periwinkle Empir, discussed leveraging land bank assets for upfront capital development.

The summit concluded with a consensus that establishing new models for project funding could enhance trust and safety for diaspora investors.