Nigeria: Nigeria Can Unlock 95% Untapped Real Estate Potential, Says Expert

What the report says

A Nigerian real estate executive says the country could unlock as much as 95% of its untapped property potential if it improves regulation, builds trust among investors and modernizes land administration. The comments were reported by This Day via AllAfrica and were made in Port Harcourt by My-ACE China, chairman of the Mayor of Housing Group.

China pointed to a recent global real estate assessment that valued Nigeria’s property market at about $2.6 trillion and placed Africa’s total real estate value at $17.6 trillion. He argued that Nigeria has used only a small share of its land and housing opportunities and said stronger institutions, better security and clearer records could help attract more domestic, diaspora and foreign investment. He also said market saturation in other countries could push investors toward Nigeria.

Port Harcourt featured prominently in his remarks. He described the city as an emerging hotspot and urged the Rivers State government to digitize and regularize land records, while calling for tougher action against multiple land sales and land grabbing. He also encouraged investors, communities and local governments to work together on master plans.

China cited his company’s Alesa Highlands Sustainable Green Smart City project as an example of technology-driven development. Separately, the remarks reflect a broader policy debate in Nigeria about land reform, property rights and how to make the housing sector more transparent and investment-friendly.