Posted By: | December 01, 2020 |

Building Blocks: Legal and Commercial Issues in Bridging the Housing Deficit Gap in Nigeria

Nigeria's Real Estate (RE) sector is reckoned to be the sixth largest in the economy. However, as at November 2018, Nigeria still had an unimpressive low home ownership rate of 25%, compared to some other countries: Indonesia (84%), Kenya (73%) and South Africa (56%) respectively. Evidently, Nigeria's housing deficit has its deep rooted legal and commercial issues, stemming from sub-optimal regulatory framework worsened by paucity of funds.

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