MCORE Lagos Real Estate Investment Q1:2016

According to the National Bureau of Statistics Nigeria’s GDP growth collapsed to 2.11 per cent in the fourth quarter of 2015 compared to 2.84 per cent recorded in the third quarter and 5.94 per cent recorded in the fourth quarter of 2014. This is the lowest quarterly growth rate recorded over the last 10 years and is in sharp contrast to the heady growth rates of between 4 and 8 per cent recorded over the same period. The World Bank estimates 2015 overall GDP growth
at 3.3 per cent and a recovery over 2016 -2018 with growth rates estimated at 4.6, 5.3 and 5.3 per cent respectively.

MCORE Lagos Real Estate Investment Q1:2016

Summary

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