Sakeholders in Nigeria’s real estate sector have raised concerns that Nigeria’s persistent housing deficit will remain an insurmountable crisis unless the country shifts from fragmented, short-term interventions toward a unified framework that aligns policy, private capital, and regulatory governance.
Speaking at the ‘Abuja Real Estate’ conference, organised by BusinessDay Media Limited on Thursday, industry stakeholders argued that years of isolated interventions, ranging from ad-hoc mortgage schemes to sporadic government housing projects, have failed to deliver scalable impact due to a lack of institutional trust and synergy.
Delivering his address at the conference, Bature Mohammed, president of the Nigerian Institute of Estate Surveyors and Valuers (NIESV), explained that the major challenge bedeviling Nigeria’s real estate sector is centered around building a trusted ecosystem in which policy, finance, governance, and professional expertise converge to produce measurable outcomes.
He explained that to unlock large-scale domestic and international investment, Nigeria must strengthen its enforceable
