AIHS Organizers Ask Investors About the Benefits of Nigerian Real Estate

The organizers of the Abuja International Housing Show (AIHS) have called on investors to take advantage of the enormous benefits of the Nigerian property sector.

Giving the charge, the show’s chief promoter, Mr. Festus Adebayo, described Nigeria as a nation endowed with human and natural resources, noting that the country remains a viable hub for real estate investment in Africa.

Africa‘s growing economies are key to global economic development and progress, he said, explaining that investors with demand-driven business strategies could approach Nigeria to capitalize on the country’s growing middle class.

He said the country offers exciting business opportunities for retail and distribution.

According to him, Nigeria’s unexplored resources have the potential to revitalize the economy of the African continent.

“As a result, the trading world can benefit from Africa’s underutilized markets, human and natural resources,” he said.

For example, he pointed out that Nigeria, Algeria and Senegal have the most natural gas on the continent, with over 800 trillion cubic feet.

According to him, estimates showed that the production of natural gas on the continent would increase by 80% by 2035, adding that Africa is well endowed with other natural resources.

Speaking on the quality of the workforce, he revealed that Africa, especially Nigeria, has a large population of young people, which gives it a potential advantage for investors.

“Over 60% of the Nigerian population is under the age of 25.

This is to tell you that Africa’s youthful population has a chance for tremendous economic transformation and growth. Nigeria is the most populous African country, with a population of around 206 million. Investors could take advantage of the population to create a huge workforce for lucrative prospects,” he said.

Urging potential investors to take advantage of the upcoming 16th edition of the AIHS housing and construction show to be held July 25-28, 2022, Adebayo said the event will position and equip them with information, guides and relevant strategies to navigate and explore opportunities in the country’s real estate sector.

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