I visited Nigeria for the first time March 2009. From my understand, in order for you to buy property in Nigeria you need to come with your "cash". Banks don't give mortgages. As for investment loans to develop real estate the interest rate is between 20-25%. It is not easy for you to get that type of loan. You can get land for free if you "know people". I am curious to know how the average man can buy these properties bases on the salaries they make? Also if Nigeria want to develop what are they offering to get investors?