NNPC Properties Limited aims to invest $127m in Lagos and Abuja real estate, targeting Nigeria's $1.93 trillion housing market.
NNPC Properties Limited (NPL), a subsidiary of NNPC Ltd, aims to become a leading global real estate player, leveraging NNPC's brand equity and workforce. NPL plans to exploit Nigeria's $1.93 trillion real estate market, with an annual need of 700,000 new housing units for the next 20 years. The company aims to unlock over N50bn ($127m) in value from proposed investments in Lagos and Abuja real estate over the next five years.
June 16, 2024
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