Expert Insights on Boosting Nigeria's Real Estate Sector Growth

An expert in the real estate sector, Ayo Ibaru of Northcourt Real Estate, highlighted key measures to stimulate further growth in Nigeria's real estate industry. He emphasized the need to address demand-supply imbalances and financial challenges, suggesting the incorporation of the Ministry of Finance's Real Estate Investment Fund (MREIF) with a low interest rate of 9.75%.

Ibaru also noted improvements in currency stability by the Central Bank of Nigeria. The focus is on creating transparency, attracting long-term investments, and achieving market stability.