If Nigerian economy is not attracting as much local and foreign investment into its real estate sector as it should, it is because the country lacks the right policies, regulations and enforcement, experts have said.
Panariti who is a former World Bank Economist, noted that in ease of doing business, it has to be understood that real estate is key, adding that for any reform in the sector to succeed, there should be an element of trust by those the reform addresses.
Nigeria has had poor records in the global ease of doing business ranking, dealing with construction permits, protecting minority investors, enforcing contracts and getting electricity. But reforms being championed by Presidential Enabling Business Environment Council (PEBEC) has improved business environment.
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