Nigeria’s Real Estate Sector to Hit 2.25tn By December 2025 – Arc. Dangiwa

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Nigeria’s Minister of Housing and Urban Development has revealed that the country’s real estate market will hit N2.25tn before the turn of the year.

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Architect Ahmed Musa Dangiwa, also said the sector contributed 5.2 per cent to the nation’s GDP in 2024.

According to him, Nigeria’s huge housing deficit offers enormous business opportunities.

Nigeria’s housing deficit is estimated to be around 28 million units, which is a significant gap between the number of homes needed and the number available. This deficit increases as the country’s population grows faster than the housing supply.

Arc. Dangiwa said the Renewed Hope Cities and Estates Programme serves as a low-hanging fruit for investors in the Middle Eastern nation to take advantage of and get good returns.

“Nigeria’s real estate sector contributed around 5.2 per cent to the nation’s GDP in 2024 and will increase in market volume to N2.25tn by the end of 2025.

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Despite this, there is still tremendous investment opportunity, especially in the residential real estate segment”, Mr. Dangiwa was quoted in a statement released by his Special Adviser on Media and Strategy, Mark Chieshe.

He spoke at a panel discussion at the Saudi Arabia Real Estate Forum in Riyadh, Saudi Arabia.The minister called on global investors in the middle eastern country to take advantage of the huge opportunities in Nigeria’s housing sector.

“Nigerians need homes now more than ever and you can partner with the Nigerian government to deliver these houses at scale,” he said.

“The government is tackling this (housing deficit) by prioritising large-scale housing delivery through public-private partnerships, innovative financing, and government-led interventions. Additionally, efforts are underway to engage state governments in unlocking land for affordable housing projects, as difficulties in land acquisition continue to hinder progress”, he added.

The forum themed “Balance and Innovation in the Real Estate Landscape” featured panellists including HE Eng. Abdullah Al-Attiya, Minister of Municipality, Qatar, and HE Dr. Abdulla Muththalib, Minister of Construction, Housing, and Infrastructure, Republic of Maldives.

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