The real estate sector have always been a growing sector and has recently become one of the most profitable sectors of the Nigerian economy. The growth rate of this sector in recent times can be attributed to various factors including an expanding middle class, foreign direct investment and others.
According to the Managing Director of The Infrastructure Bank (TIB), Mr Adekunle Oyinloye, while delivering a paper at a business forum in Lagos, the sector is expected to grow by 10 per cent annually in the next 10 years. He also stated that according to the Nigerian Bureau of Statistics, The Nigeria real estate market was valued at approximately N1.4 trillion in 2011 and has risen to N6.5 trillion in 2015. Read More