Nigeria's economy is presently challenged, albeit emergent from recession, and attention is being paid, after many half-hearted attempts in the past, to diversifying from oil dependency. Real Estate (RE), a critical factor of production, is one of the key sectors that could help re-energize our economy. This, despite the regulatory and commercial bottlenecks around RE in Nigeria - and which, incredulously government has unwittingly allowed to fester for so long - could mean that the solution we sought has always been right under our feet1but was never noticed? Incidentally, the National Bureau of Statistics' Nigerian GDP Report Q2 2017, reported that output growth slowed for RE activities at -3.53% vs -3.10% in Q1 2017.
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