Based on policies being floated by Nigeria’s new administration and buoyed investor confidence, the Nigerian real estate sector’s growth will be tethered to anticipate overall GDP growth. Our recently held Real Estate Business Series brought together a panel of industry professionals and we discussed financing in the real estate sector and the opportunities that abound.
Some of the key points highlighted include the following:
- Major reforms expected under Nigeria’s new administration includes tax credit initiatives, lower interest lending, unification of the FX rates, and economic growth through higher oil production.
- Real estate stakeholders at their early stages are advised to establish relationships, leverage network, and share key information with like-minded individuals with the aim of establishing a market presence.
- There is a need to simplify and remove bureaucratic bottlenecks in processes for owning and transferring ownership of real estate in Nigeria and improving land management systems.
Access the full report via bit.ly/DCSrealestatereport
You can also access the recording of the event via www.youtube.com/watch?v=0531BbeMrqg