Nigeria’s Dead Capital Hits ₦300 Billion, Estate Surveyors Warn
Written on
Over ₦300 billion worth of abandoned and underused assets are sitting idle across Nigeria. Estate surveyors say the country is losing massive economic value while properties decay unused.
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) says Nigeria is sitting on more than ₦300 billion in “dead capital” tied to abandoned, disputed, or underutilized properties across the country.
The warning highlights growing concerns over how poorly managed real estate assets are limiting economic growth and investment opportunities.
According to the group, many properties remain inaccessible due to legal disputes, weak land administration systems, and incomplete documentation.
Industry experts argue that unlocking these dormant assets could improve access to credit, stimulate development, and increase housing supply in major cities.
The discussion is also reigniting calls for faster land reforms and better property registration systems nationwide.
Read the full story at Nigeria Housing Market →