Unlocking Nigeria's Potential for Sustainable Development through Real Estate

Abstract

The foundation of international economic policy is sustainable development. It places a strong emphasis on resilient, equitable or universal development. It also emphasizes the necessity of social, economic, and environmental factors for developing nations to achieve a high standard of living. There are a lot of positive and negative stories with regard to the new sustainable development in Africa. Considering that Nigeria's economy is among the fastest growing in the globe. It is fortunate to have nice weather, a large agricultural area, and enough supply of competent personnel and natural resources. Unlocking the limitless potential of real estate is an important instrument for the sustainable development of developing nations like Nigeria, whose economies are in turmoil due to a variety of issues such as high levels of corruption, an over-reliance on oil and gas revenues, and a lack of knowledge on the part of both the government and the populace regarding real estate potential. Because of the inadequate management of real estate potential, Nigeria is also regarded as an area of excellence. The current toll of property decline is being felt. Real estate potential analysis was therefore crucial to Nigeria's achievement of sustainable growth.