Maryam Elewe Highlights Key Issues and Fixing the Broken Nigerian Real Estate System
During an interview, Maryam Abubakar Elewe, a leading project manager in Nigeria’s real estate sector, spotlighted the alarming issues plaguing land acquisition in the country, while offering potential solutions. Elewe's insights, drawn from years of experience in property management, reflect the frustrations of both buyers and investors. Speaking on the challenges, Elewe noted that one of the most distressing problems is the failure of land developers to deliver on promises after buyers have made full payments. “It’s devastating when people invest their life savings into property only to end up with nothing,” she stated. Such practices have caused widespread mistrust in the sector, leaving investors vulnerable. Elewe also highlighted deceptive tactics by some developers, where buyers are promised prime locations but end up receiving plots in far-flung, less desirable areas. "This bait-and-switch tactic is rampant and often leads to significant financial loss for buyers,...