Nigeria's Real Estate Market Set to Reach $2.25 Trillion by 2025 Amid Investment Drive
The Nigerian real estate market is projected to hit $2.25 trillion by the end of 2025, according to Ahmed Musa Dangiwa, the Minister of Housing and Urban Development. Speaking at the Saudi Real Estate Forum, Dangiwa called on international investors to tap into Nigeria's housing sector opportunities, particularly through the Federal Government's Renewed Hope Cities and Estates Programme.
Dangiwa emphasized the sector’s potential despite a 28 million housing unit deficit exacerbated by rapid urbanization. He noted that Nigeria’s real estate contributed approximately 5.2% to the GDP in 2024 and remains a promising avenue for both foreign and local investment.
"Despite the housing challenges, there are vast opportunities, especially in the residential segment. This is the time for strategic partnerships to meet Nigeria's growing housing needs," he said.
The forum, themed "Balance and Innovation in the Real Estate Landscape," featured insights from global housing experts, including officials from Qatar and the Maldives.
Dangiwa highlighted the government's focus on addressing housing challenges through public-private partnerships, innovative financing, and improved land access policies with state governments.
"Housing is central to economic growth and social stability," he added, urging investors to collaborate on solutions that promote affordability and sustainability.
For more information, visit Economic Confidential.
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