Nigeria’s Real Estate Market to Hit $2.25tn by 2025 – FG

The Federal Government has announced that Nigeria’s real estate market is projected to reach a market volume of $2.25 trillion by the end of 2025, citing increased investment opportunities and efforts to bridge the country’s housing deficit.

Minister of Housing and Urban Development, Ahmed Dangiwa, revealed this at the Saudi Real Estate Forum, where he urged foreign investors to capitalize on Nigeria’s thriving housing sector through the Renewed Hope Cities and Estates Programme.

According to a statement released on Tuesday by the minister’s Special Assistant on Media and Strategy, Mark Chieshe, Dangiwa emphasized the immense potential in Nigeria’s real estate market, particularly in residential housing.

“Nigeria’s real estate sector contributed about 5.2 per cent to the nation’s GDP in 2024 and is expected to grow to $2.25 trillion in market volume by the end of 2025,” Dangiwa said.

Despite this positive trajectory, Nigeria still grapples with a housing deficit of 28 million units, exacerbated by rapid urbanization and a growing population.

“The demand for homes has never been higher, presenting a significant investment opportunity. We encourage investors to collaborate with the Nigerian government to deliver housing at scale,” he stated.

Themed “Balance and Innovation in the Real Estate Landscape,” the Saudi Real Estate Forum featured contributions from notable stakeholders, including Qatar’s Minister of Municipality, Abdullah Al-Attiya, and the Maldives’ Minister of Construction, Housing, and Infrastructure, Abdulla Muththalib.

Dangiwa reiterated the government’s commitment to tackling the housing shortfall through large-scale public-private partnerships, innovative financing, and collaboration with state governments to facilitate land acquisition.

“Housing is a crucial driver of economic growth, social stability, and national development. Striking a balance between affordability and profitability in the real estate sector requires sustainable approaches, cost efficiency, and policy incentives to attract private sector participation,” he noted.

The Nigerian government remains resolute in its agenda to increase housing supply and affordability as part of its broader economic development strategy.

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