Nigeria’s real‑estate sector has now overtaken oil and gas in contributing to the nation’s GDP, according to the International Real Estate Conference & Exhibition convener. The sector accounts for about 40% of GDP, while oil and gas contribute roughly 4%.
Nigeria’s real‑estate sector has now overtaken oil and gas in contributing to the nation’s GDP, according to the International Real Estate Conference & Exhibition convener. The sector accounts for about 40% of GDP, while oil and gas contribute roughly 4%.
This development marks a major structural shift for Nigeria’s economy, traditionally reliant on oil revenues. The change could influence investment flows, government policy priorities, and long‑term growth strategies. It also raises questions about the sustainability of such growth, which segments of real estate—residential, commercial, or infrastructure—are driving it, and what potential risks may lie ahead.
Reference: EnviroNews – Nigeria’s real‑estate sector overtakes oil & gas in GDP contribution
