By Milcah Tanimu
Nigeria’s real estate sector is set for massive growth, with projections estimating a market volume of $2.25 trillion by 2025, according to the Minister of Housing and Urban Development, Ahmed Dangiwa.
Speaking at the Saudi Real Estate Forum, Dangiwa highlighted the country’s 28 million-unit housing deficit and the vast investment opportunities available. He urged foreign investors to tap into Nigeria’s Renewed Hope Cities and Estates Programme, aimed at expanding affordable housing through public-private partnerships and innovative financing.
Dangiwa emphasized that the real estate sector contributed 5.2% to Nigeria’s GDP in 2024, and with rapid urbanization, demand for housing will continue to rise. He noted that the government is actively working with state governments to unlock land for large-scale housing projects and improve affordability.
Real estate is a major driver of economic stability, and Nigeria’s housing sector presents a lucrative opportunity for investors looking to scale operations in Africa’s largest economy.
