Nigeria's Real Estate Sector Poised for Growth in 2025
The real estate sector in Nigeria is set for a transformative period in 2025, with a notable increase in value contributing 13.36% to the GDP, surpassing traditional sectors like telecommunications and agriculture. Key organizations like NIESV and REDAN play crucial roles in promoting regulatory standards and transparency.
The introduction of the MREIF, a N1 trillion fund, aims to provide low-cost mortgages to tackle the estimated housing deficit of 17-28 million units. This shift signifies a significant opportunity for investment and growth in Nigeria's real estate market.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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