Property Insights

Huge investments propel Lagos real estate growth   In the early 2010s, between 2010 – 2013, Lagos hit the trillion-naira mark in revenues and rose by over 145% a decade later. The State’s investments and partnerships in transportation infrastructure and real estate projects have contributed to its earnings and earning potential. Some of the State’s [...]

The turning of the first sod for the newly commissioned Dangote Refinery occurred in April 2016. With 65 million cubic metres of sand dredged at over $300M, the $19Bn refinery sits on a land size of approximately 2,635 hectares (7 times the size of Victoria Island, Lagos). Dubbed to meet 100% of Nigeria’s demand for [...]

In 1977, the Federal Government of Nigeria introduced a fuel subsidy scheme designed to cushion the effects of the rising price of premium motor spirit (PMS) products at the time. Over the years, the plan has been characterised by little or no accountability that resulted in massive leakages.   What began as a people-oriented support [...]

Moderator: Ayo Ibaru, COO / Director, Research - Northcourt Real Estate. Speakers: Femi Adewole, Lead Consultant, Urban Economics International; Tola Akinhanmi, Head, Real Estate Finance - Stanbic IBTC; Maurice Okoli, CIO, Housing Solutions Fund; Oguche Aguda, CEO, PENOP. Over the years, the Nigerian housing market has struggled to meet the growing need for shelter. The [...]

Moderator: Roland Igbinoba, President, Proptech Nigeria. Speakers: Dolapo Omidire, CEO / Founder, Estate Intel; Fola Ogunsiakan, Group CEO/Co-Founder, Wondo Technologies Mauritius; John Oamen, CEO / Co-Founder Cutstruct Technologies. The global proptech industry is projected to reach $30Bn by the end of 2023. The use of construction technology in the provision of housing units has been [...]

Moderator: Ayo Ibaru, COO / Director, Research - Northcourt Real Estate. Speakers: Mr. Gboyega Fatimilehin, Founding Partner, Diya, Fatimilehin & Co; Olaide Agboola, CEO/Co-Founder, Purple; Hakeem Ogunniran, Founder / CEO, Eximia Realty Co Ltd. Following the establishment of housing institutions in Nigeria, several attempts have been made at increasing the housing supply across various parts [...]

Speaker: Kokularupan Narayanasamy, International Housing Consultant. With a vulnerable low-income group in the mid-90s, the Malaysian government embarked on a low-cost housing provision scheme setting up quotas for developers, which required them to allocate a certain percentage for low-cost houses. The government established a fixed pricing strategy forcing developers to adopt cross-subsidization on their projects. [...]

Infrastructure provision is a focal point in fulfilling the 'Greater Lagos' mandate and promoting a greener future as the Lagos State government continues to splurge on an infrastructure overhaul and upgrade. Under the Traffic Management and Transportation pillar of the Lagos State strategic development agenda established 4 years ago, infrastructure provision is a focal point [...]

Nigeria’s economic strength is tested as citizens and businesses grapple with the negative impacts of the current cash crunch The Central Bank of Nigeria (CBN) recently embarked on several policy reviews to tame the rising inflation and protect the Naira. The reviews include: Raising the monetary policy rate (MPR). Launching the Naira4Dollar scheme. Adopting the [...]