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Thursday, January 23, 2025

How demolition, inflation endangered real estate sector in 2024

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In 2024, the growth of Nigeria’s real estate sector faced significant challenges due to widespread demolition exercises and escalating inflation, with the latter not only eroding purchasing power but also leading to a spike in the prices of building materials. JOSEPHINE OGUNDEJI writes Demolitions, often carried out to enforce urban planning laws or reclaim government

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