At the time, the construction of hundreds of blocks of flats across different communities in Lagos State by former Lagos State governor, Lateef Jakande, was innovative and impactful. Not only did the venture create jobs for artisans, but it also provided an opportunity for the poor and low-income earners to access decent apartments in an equally nice environment. In all, the Lateef Jakande...
The number of property developers starting construction in the Lagos mainland has tumbled by 80 per cent, following a major shift in Nigeria’s residential demand by the young professionals. The shift was occasioned by large number of young professionals, 60 per cent of whom are within their first three years of employment coupled with the high rate of urbanization, leading to a surge in the...
This profile is also available in French here. To download a pdf version of the full 2020 Nigeria country profile, click here. COVID-19 has negatively affected Nigeria’s economy while unemployment has increased sharply. The decline in economic growth has been attributed to the crash in oil prices. In response, the Federal Government of Nigeria has formulated the Economic...
Below are List of Different types of Houses in Nigeria: Mansion A mansion is a very big luxury home, often upwards of 5,000 square feet in size. However, what actually qualifies as a mansion depends on opinion and location. Calling a home a mansion indicates a level of grandeur, style and quality — far above the normal in a given area. This correlates with the housing patterns of the rich...
Investing in real estate in Nigeria has always been an excellent way to make money. Owning property has been a sign of wealth and status for centuries. In recent years, real estate investing has become even more popular. Across the world in emerging markets like Nigeria, South Africa and Kenya: there are a variety of different opportunities to invest. Real estate business offers great returns on...
There are many advantages to buying property from a developer. You have the option of purchasing a new house fully built or buying before construction has finished i.e., off plan. Buying off plan property offers several distinct advantages. As a result, this form of real estate investment has become a favored option for investors across Nigeria. Abuja and Lagos have numerous off plan property...
What is the size of a plot of land? What is that in square metres? How does a plot compare with an acre or a hectare? These are questions often asked by Nigerian real estate buyers and sellers: to which you get a variety of different answers depending on who you ask. Various terms are currently in use across Nigeria to denote or measure the size of land or property. It is important that you are aware...
