Million-Dollar Homes Reshape Nigeria’s Skyline — and Raise Red Flags
In Lagos’ exclusive enclaves, colonial-era bungalows are giving way to glass towers along the waterfront. In Abuja, sprawling mansions and penthouses are rising across the capital. With multimillion-dollar price tags,...
By Ruth Olurounbi · Bloomberg
In Lagos’ exclusive enclaves, colonial-era bungalows are giving way to glass towers along the waterfront. In Abuja, sprawling mansions and penthouses are rising across the capital. With multimillion-dollar price tags, these luxury homes are transforming Nigeria’s skyline, while drawing scrutiny from regulators in a country grappling with a severe housing shortage.