…says Nigeria’s real estate sector with bright prospects

By Gabriel Ewepu

ABUJA – AS Nigerians struggle to get property of their dream, a real estate firm, Damon BlaQ Consulting Limited, Friday, disclosed plans to provide accurate and reliable data and in-depth analysis services that would galvanize Nigeria’s real estate sector to become a major attraction to developers, investors and buyers of property.

Speaking on the essence of the mission of his company at this point, the Managing Director, MD, Damon BlaQ Consulting, Ehinome Mandu-Aguele, during official launch of the office in Abuja and as a new entrant into the Nigerian real estate sector said it has become very important the organization serve as a “bridge between developers, investors and buyers” in terms of rendering trusted and well defined data services that can be assessed and accessed by investors, developers, and buyers for their informed decisions.

He said: “What I find is buying a property here in Nigeria seems to be a very daunting task. What I decided to do was to set up Damon BlaQ Consulting to be that bridge between the diaspora market and the Nigerian market. We are actually working with a lot of potential investors to be able to give information cross-border.

“Always in the Nigerian marketplace as well as the UK marketplace to enable people like myself or diasporas to purchase properties or get into the real estate market without the hassle of issues whether it be legal issues or data issues or compliance issues, whatever it may be, a very straight and seamless transaction so to speak.

“We aim to get to a position where we are able to give data to our customers and they can rely on that data whilst we also do property sales as well. Damon BlaQ wants to be able to get that data to the Nigerian marketplace and Nigerians so that they are able to have confidence when they go to real estate or realtors or estate agents and say well I’m buying this property and this property is going to fetch me X amount of returns if I pay this amount for it in a number of years time.

“So we work not just by selling properties, we work by looking at data, feeding that information or whatever information into the database, and getting that database to the general public so that they can obviously make informed decisions before they actually purchase any property wherever it may be, whether it be Abuja, Lagos, Kano, it doesn’t matter.”

Meanwhile, he explained what the data services will bring to the investor, developer and buyer not just about location alone but “You are actually looking deeper into the information that that property has to offer. So they spend on the value of the property, the returns over a period of time.

“If you want to do rent or rent it out to potential tenants, your rent will yield on an annual basis and over a period of time. All of that data is what we gather together and then we send this data to our customers and say, with this information that you have, you can then decide to buy a property in London, Manchester, Birmingham, Abuja, Lagos, Cameroon.

“It’s entirely up to you with that data in hand, that decision is then obviously rest on you to make rather than the seller or the estimator who’s trying to plug your property. Just to take over, in terms of the payment process.”

He went further to assert that his venturing into real estate was as a result of “two observations – First, there is enormous unmet demand in Nigeria for well-structured, transparent, and financially sound projects. Second, there is a deep pool of global and diaspora capital that wants to participate in African real estate but often lacks clarity, trusted channels, and risk-mitigation tools.

“The gap, essentially, is trust and coordination. Investors face fragmented information, inconsistent due-diligence standards, and poor visibility into regulatory processes.

“Damon BlaQ was created to bridge that gap. We offer investor-grade analysis, disciplined governance, and UK-level transparency applied to Nigerian opportunities. Our goal is to make cross-border real estate investment safe, predictable, and ultimately scalable.

“So we are there as a firm consulting with all three parties and then helping them make informed decisions. That’s where we are at this stage.”

He also noted that the Nigerian real estate sector has a great potential, therefore, the need for more work of value addition needs to be done to open the space.

“Nigeria’s real estate sector is vibrant and full of potential, but it is also uneven. Demand is unquestionably strong — driven by population growth, urbanisation, and an expanding middle class. Certain segments, such as mid-market housing and mixed-use developments in emerging cities, are on a clear upward trajectory.

“However, the “boom” many people talk about is not uniform. Some markets are overheated, others remain underdeveloped, and many projects lack the feasibility and governance needed for long-term success. For investors, the opportunity is real, but so is the risk. What the sector needs now is precision — grounded research, transparent feasibility, and better structured capital. That is the space Damon BlaQ is stepping into.”

However, he said to ensure more Nigerians have access to affordable housing and bridging the housing deficit the “Government has a critical role to play, but the solution is not just one policy.

“Subsidies can help, especially for low-income groups, but they must be targeted and tied to performance. More important are systemic reforms: – making land administration faster and more transparent – enabling access to long-term, low-cost financing – improving infrastructure in growth corridors– encouraging public-private partnerships with clear governance frameworks

“Affordable housing becomes feasible when market friction is reduced. If government focuses on lowering structural barriers, the private sector — with the right incentives — will step in with scale.”