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Real estate is undergoing a rapid digital transformation, with technology reshaping how properties are marketed, financed, and managed across global markets. From virtual tours and online transactions to data-driven investment platforms, proptech is unlocking new levels of efficiency and access. However, despite these advancements, a significant gap remains in investor adoption. Many investors continue to rely on traditional methods, slowed by trust concerns, limited digital literacy, and fragmented market structures.
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Real Estate Goes Digital, But Adoption Gaps Persist Among Investors
Digitisation is rapidly transforming Nigeria’s real estate sector, introducing technologies such as artificial intelligence, blockchain, and automation to improve efficiency and transparency. However, despite its growing importance, many investors and stakeholders have been slow to adopt these innovations, citing regulatory uncertainty, cost constraints, and resistance to change.
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Nigeria Faces Accountability Concerns as ₦24bn Projects Remain Unfinished
A new report has revealed that public projects worth approximately ₦24 billion have been abandoned across several Nigerian states, underscoring persistent challenges in budget execution, accountability, and infrastructure delivery. The findings highlight systemic gaps between government allocations and actual project completion.
Lagos Festive Economy Expands as U.S. Becomes Leading Source Market
The United States has emerged as the largest source of diaspora visitors to Lagos during the 2025 Detty December season, accounting for 27 percent of international arrivals and surpassing the United Kingdom for the first time. The shift highlights changing travel patterns within the Nigerian diaspora and underscores the growing global appeal of Lagos as a cultural and tourism hub.
Umahi Calls for Independent Audit of Federal Road Projects
Nigeria’s Minister of Works, David Umahi, has invited the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission to investigate all contracts and ongoing projects under the ministry. The move, announced in Abuja, aims to reinforce transparency, address corruption allegations, and rebuild public confidence in infrastructure delivery.
Ebonyi Moves to Cap Rent Agent Fees at 2% in Landmark Housing Reform
The Ebonyi State Government has proposed a new tenancy bill to cap house agent fees at two percent of total rent payable, a policy aimed at curbing exploitative practices and improving housing affordability. The measure forms part of broader reforms approved by the State Executive Council to regulate landlord-tenant relations and strengthen oversight in the property market.
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