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In Abuja, the Federal Capital Territory (FCT) is endeavouring to create an enabling environment hinged on government policies to encourage local and foreign investment into Abuja. In addition, the FCT has endorsed the establishment of Centenary City, a US$2.7 billion private sector driven development of the Federal Government, which is intended to support the urban renewal of the capital. Despite this growth, Abuja’s real estate sector is still significantly smaller than that of Lagos, with only a handful of active players in the market.
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18 September 2016