Real estate opportunities in Nigeria: Student housing and looking beyond Lagos

How we made it in Africa asked Olaide Agboola, CEO of Purple Real Estate Income Limited, about opportunities in Nigeria’s property sector. Here are slightly edited highlights from the exchange.

On student accommodation

“Youth occupy the largest demographic in Africa; students occupy the largest demographic in Nigeria. There is a tremendous opportunity to invest in safer student accommodation that empowers the next generation through stimulating environments for education and well-being.

“As the number of students within private and public universities increases, so will the demand for purpose-built student accommodation. Emerging Africa Infrastructure Fund’s partnership with Acorn Holdings in Kenya and Growthpoint’s recently-launched unlisted student accommodation real estate investment trust in South Africa, received strong market interest. Purple is also ready to get behind purpose-built student accommodation – an emerging asset class we expect to thrive in Nigeria and Africa …

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