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CBN approves three new banks - ITREALMS

ITREALMS : The Central Bank of Nigeria (CBN) has approved three new bank licences, reports ITREALMS . CBN in its latest update on the web...

Friday, June 28, 2019

PwC advises Nigeria on reviving dead capital - ITREALMS

The PricewaterhouseCoopers has advised Nigeria on how to revive its dead capital, reports ITREALMS.

According to the latest outlook available to 
ITREALMS by the company, Nigeria is underperforming and unlocking dead capital is critical to stop this. 


"Our recent paper, Bringing Dead Capital to life - What Nigeria should do, discusses the essence of dead capital and the potential of its effective utilisation," the company stated.

Further, it stated that "We estimate that Nigeria holds at least $300 billion or as much as $900 billion worth of dead capital in residential real estate and agricultural land alone. The high value real estate market segment holds between $230 billion and $750 billion in value, while the middle market carries between $60 billion and $170 billion in value."

There are many forms of dead capital but in this paper, but they focused on real estate.

This report, 
ITREALMS gathered, estimates the amount of dead capital in residential and agricultural real estate across Nigeria. We also recommend ways in which the estimated capital can be unlocked and leveraged to create value and grow wealth in the economy.

Nenye Dom/Editor

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