Nigerian lawyers shift focus to real estate amid economic pressures

The legal profession in Nigeria is currently facing new dynamics as more lawyers are increasingly engaging in real estate ventures. Traditionally, lawyers have been deeply involved in property transactions, primarily to ensure legal compliance and proper documentation. However, the challenges posed by an unpredictable judicial system, delayed cases, and low litigation earnings are pushing many…

Nigeria’s third-largest industry is now real estate, surpassing both oil and gas.

Recent data from Nigeria’s ongoing Gross Domestic Product (GDP) and Consumer Price Index (CPI) rebasing indicate that the real estate sector has overtaken oil and gas to become the country’s third-largest sector. This shift places real estate behind crop production and trade, which hold the first and second positions, respectively. Previously, agriculture was Nigeria’s dominant…