01/09/2026
Foreigners looking to invest in Nigerian real estate need to understand the legal restrictions that apply to the acquisition of land and other interests in property.
The rules are not the same across every state. In Lagos, for instance, a foreigner may acquire certain leasehold interests, subject to the prior written approval of the Governor. There are also requirements covering the application process, duration of the lease, registration, and subsequent transfer of the interest.
Foreign investors should also consider the structure through which the investment is made, including the use of Nigerian-incorporated companies, as well as applicable land registration, anti-money laundering, and foreign exchange requirements.
Getting these issues right before entering into a transaction can help investors avoid invalid transactions, disputes, and unnecessary financial exposure.
This explainer video examines the legal framework governing the acquisition of real estate by foreigners in Nigeria and the key considerations for foreign investors looking to enter the Nigerian property market.
Read the full article here: https://www.trustedadvisorslaw.com/insights/acquisition-of-real-estate-assets-by-foreigners-in-nigeria-a-legal-perspective