Analysis of legal framework for international real estate in Nigeria
Ugonabo CU, Igwe CP, Kalu IU
Real Estate in Nigeria has huge investment potential and remains a virile solution to Nigeria’s quest for economic development. One of the veritable tools for accelerating development in Nigeria’s real estate is to attract foreign direct investment (FDI). However due to unclear legal framework, institutional complexity and variation in market conduct, many foreign investors have doubts about the prudence of investing in Nigeria. This paper examines the extant laws and government regulations governing international real estate investment in Nigeria with particular reference to investor protection and administrative burdens and regulatory limitations.