Why So Many Real Estate Projects Fail in Nigeria

Why do so many real estate projects in Nigeria fail, and at what point does a developer become part of the problem? In this episode of The KK Show: Key To Keys, Dr. Ned Okonkwo joins Confidence for a candid conversation about the realities of real estate development in Nigeria. The discussion goes beyond property prices and beautiful buildings. It gets into the difficult part of the business: funding, unfinished projects, developers taking on more than they can finance, buyers losing confidence, and why some developments never make it beyond the promises made at the beginning. One of the strongest points from the conversation is simple: if a developer does not have the financial capacity to execute a project, should that developer be building in the first place? Dr. Ned also addresses the growing distrust around Lagos real estate and the perception that the industry has become filled with scams, failed promises and projects that take years longer than expected. Is Lagos real estate really the problem, or is the bigger issue the way some developers structure and finance their projects? The conversation also explores why access to capital matters, the danger of depending almost entirely on customers’ money to fund construction, what separates sustainable development from speculation, and some of the hard lessons the Nigerian property industry still needs to learn. Learn More About Capital Gardens:    • Only ₦8M ($5,400) to Own a Duplex in Lagos...   Join the conversation in the comments. Do you agree that developers without sufficient capital should not start projects? Have failed or delayed developments made you more cautious about buying property in Lagos? Do you think Lagos real estate has a trust problem? And what do you believe needs to change most urgently in Nigeria’s property industry? Guest: Dr. Ned Okonkwo Host: Confidence Molade Subscribe for more conversations around real estate, business, wealth, leadership and the decisions shaping Nigeria. New episodes every other other weekend at 7PM WAT LISTEN ON THE GO: On Apple Podcast: https://podcasts.apple.com/ng/podcast... On Spotify: https://open.spotify.com/show/2jQP03K... On Eden Oasis Website: https://www.edenoasisrealty.com/the-k... Available on all podcast platforms. For enquiries & sponsorships: thekkshowkeytokeys@gmail.com info@edenoasisrealty.com ☎ and WhatsApp: +2347060614389 (Chat and Call) ☎ and WhatsApp: +2349119969783 (Chat and Call) ☎ and WhatsApp: +2349032050309 (Chat and Call) ☎ and WhatsApp: +2348092949777 (Chat and Call) ☎ and WhatsApp: +2348132663931 (Chat and Call) ☎ and WhatsApp: +2349119969780 (Chat and Call) Connect with Us: [Instagram - Eden Oasis Realty](  / edenoasisrealty  ) [Instagram - Achodo Confidence Realtor](  / achodoconfidence_realtor  ) [Twitter - Eden Oasis Realty](  / edenoasisrealty  ) [Facebook - Eden Oasis Realty](  / edenoasisrealty  ) #TheKKShow #DrNedOkonkwo #NigeriaRealEstate #LagosRealEstate #RealEstateDevelopment #PropertyInvestment #RealEstateNigeria #LekkiRealEstate #PropertyDevelopment #KeyToKeys #DrNed #CapitalGardens