In the dynamic world of Nigerian real estate, there are numerous terms and local jargon that buyers, sellers, and investors need to understand. However, one term, ‘Omo Onile,’ stands out due to its significant impact on property transactions. Whether you’re a first-time homebuyer or a seasoned real estate investor, understanding ‘Omo Onile’ is crucial to making informed decisions and avoiding potential pitfalls. According to the Nigerian Investment Promotion Commission, the country lost an estimated $10 billion in potential real estate investments between 2015 and 2019 due to land disputes and related insecurity.
