Nigerian property boom “only for brave”

Nigeria’s real estate is thriving at the moment as the country’s population reaches 170 million people in need of housing. An expanding middle-class combined with urbanisation marks the city out as a “perfect storm” for investment, London equity firm Actis tells BDLive.

Indeed, a successful property investment in Nigeria can see returns as high as 35 per cent. But a lack of information on regulations in rural areas, corruption and a lack of financing means that the market is a risky option for investors.