Nigeria’s $300bn ‘Dead Capital’ Crisis Threatens Real Estate Growth
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Billions of dollars in Nigerian property wealth remain economically useless because owners lack legal documentation. Surveyors warn the country’s real estate sector is sitting on massive untapped value.
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) says more than $300 billion worth of property assets across Nigeria remain trapped as “dead capital” because millions of owners lack formal land titles and legal documentation.
The warning highlights longstanding weaknesses in Nigeria’s land administration and property registration systems.
Experts say undocumented property cannot easily be used as collateral, financed through mortgages, or integrated into formal investment markets, limiting economic growth and housing sector expansion.
Analysts also warn that insecure land ownership continues to discourage both domestic and foreign real estate investment. NIESV believes digitized land systems and faster title registration could unlock massive new capital flows into Nigeria’s property market and wider economy.
Read the full story at Nigeria Housing Market →