Nigeria has $900bn dead capital in real estate, agric

…Lists 10 areas for accelerated economic growth
By Providence Adeyinka
Nigeria  holds as much as $900 billion worth of dead capital locked up in residential real estate and agricultural land, including federal government’s abandoned properties estimated at N230 billion, said PWC Nigeria.
Dead capital refers to  unregistered real property, and is considered lost value because the landholder is unable to transfer or leverage the  property to borrow or access capital.
Meanwhile the company has listed ten priority areas for policy makers and businesses necessary to accelerate the country’s economic growth.
Partner and Chief Economist, PwC Nigeria, Andrew Nevin disclosed this while speaking at an  executive roundtable on the Finance Act 2020 and Economic Outlook for 2021.

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