On the one hand, Fitch Ratings revised Nigeria's outlook to Negative from Stable, affirming a 'B+' rating on the country's long-term foreign-currency issuer default rating. On the other hand, the African Governance Report published by the Mo Ibrahim foundation, ranked Nigeria as making progress on the Absence of Corruption in Government metric (+14.7 points, well over the continent's +2.5 average). Nigeria also became one of the top 10 improvers for the 2nd time in the most recent World Bank's ease of doing business report – now ranked 131st globally. All in the same year marred with minimal GDP growth, political imprisonments, complaints of hardship by citizens and a planned deficit of ₦2.15Trn in the 2020 budget.
Nigeria Real Estate Market Outlook 2020

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Summary
Source: Northcourt Real Estate Limited
Published: 2020
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