How Nigeria can move beyond 5% exploitation of its real estate potential – Mayor of Housing

…Predicts Nigerian foreign inflow will surge from $96bn to $960bn in next 10 years

One of Nigeria’s topmost real estate and property entrepreneurs, My-ACE China, known as the Mayor of Housing, says Nigeria has a very bright future and has only exploited about 5% of its real estate assets.

China, chairman of the Mayor of Housing Group, has thus given tips on how Nigeria can grow bigger in the sector.

The Port Harcourt-based real estate success strategist was reacting to the recent global report on real estate which declared Nigeria Africa’s largest real estate hub with market value of about $2.6 trn out of global $650.4trn at the end of 2025. Africa was said to be valued at $17.6trn or2.7% of global size.

Reflecting on the positive report, China, who is behind the upcoming but buzz-making Alesa Highlands Sustainable Green Smart City in Port Harcourt maintained that the global report was a big wakeup call to Nigeria to put its acts together and push harder to move beyond the 5% exploitation rate so far.

The global report which was also published in BusinessDay on August 21, 2026, said Nigeria’s property sector would expand at 6.9% per annum, and that Nigeria was ahead with 5.1%, Rwanda 3.4%, and South Africa 3%. In monetary sizes, Egypt is valued at $1.6trn, Ethiopia $1.3trn, South Africa $1.2trn, Kenya $773bn, and Ghana $533.3bn.

Mayor of Housing said: “As a matter of fact, I see I see a future where, out of the 95% potential remaining untapped, a 65% potential surge will happen almost overnight because three things are going to make that happen.”

The first, he stated, there is a saturation of market across the globe, and Nigeria and Africa are just starting.

The next,…