$2.6trn Growth Projection: Real Sector Needs Strategic Investments, Policy Support – Stakeholders

Stakeholders in Nigeria’s real estate sector are calling for strategic investments and stronger policy support to capitalise on the projected growth of the industry, expected to reach $2.6 trillion by 2025.

This was a key takeaway from the recent Eklisia Realtors’ Conference 2.0, which highlighted the importance of a resilient property market amidst economic challenges.

Organised by Adozillion Homes and Realty, a firm committed to redefining property ownership and investment, the event served as a platform for real estate professionals across the nation to gain firsthand insights from experts on market trends, branding strategies, financial management, and investment best practices.

Themed “Staying in the Game,” the conference brought together top professionals to discuss trends, financial strategies, and policy initiatives essential for a resilient property market.

Despite the sector’s impressive growth—recording a 46.52 per cent nominal increase in Q3 2024 compared to the previous year—there remains a significant housing deficit of 28 million units, necessitating the construction of 700,000 new homes annually.

Industry experts stress that without adequate investment and supportive policies, the potential of this burgeoning sector may not be fully realised. They advocate for enhanced financial strategies and market understanding to ensure sustainable growth and development within the industry. As global forecasts indicate a continued rise in demand for real estate, stakeholders are urged to act decisively to harness this opportunity for economic advancement.

Speaking at the conference in Lagos, CEO of Adozillion Homes and Realty, Dr. Simon Adozi, highlighted the immense potential of the real estate sector, projecting it to hit $2.6 trillion in Nigeria by 2025. He emphasised the sector’s significant role in Nigeria’s Gross Domestic Product (GDP), contributing six per cent, and underscored the importance of understanding the market and leveraging financing options for long-term success.

In 2024, the market was valued at approximately $2.14 trillion, with a growth rate of 7.24 per cent expected for the year.

“The real estate sector in 2025 is projected to hit $2.6 trillion in Nigeria alone. This industry contributes six per cent to our GDP, and such a crucial sector cannot be overlooked. At Adozillion, we are committed to not just selling properties but building a legacy of trust, delivering real value, and empowering realtors with the tools to thrive,” Dr. Adozi said.

In less than three years, Adozillion Homes has successfully delivered over 100 homes, reinforcing its reputation as a trusted real estate brand in Nigeria. With a focus on strategic expansion, the company has extended its footprint beyond Lagos, launching the Mufasa series across Lagos, Ogun, Benin, and Now Enugu. These expansions demonstrate Adozillion’s commitment to providing prime investment opportunities across Nigeria.

Delivering his address, Seyi Ebenezer, CEO of Payaza Africa, underscored the role of integrity in business success, saying “Integrity is the hallmark of finance. If you have integrity, funding and investment will come to you. However, if you default on commercial payments, your credibility will be marked, and no one will do business with you.”

Other notable speakers at the conference included Sam Egube, deputy chief of staff, Lagos State government; Niyi Adesanya, CEO of Fifth Gear Consulting; Ifeoluwa Dixon, deputy director of FBN Quest Asset Management; Adesola Adeyemi, Media Buyer; and Seyi Abiodun, Certified Financial Education Instructor. Each speaker provided invaluable insights to help realtors and investors navigate the evolving real estate landscape.

One of the highlights of the conference was a grand raffle draw, where randomly selected winners received prizes such as microwaves, a coffee maker, shopping vouchers, and an exclusive 300 sqm plot of land — all courtesy of Adozillion Homes and Realty.

With its continued expansion and dedication to delivering high-quality properties, Adozillion Homes and Realty remains at the forefront of shaping the future of real estate in Nigeria.