ORA EGBUNIKE & ASSOCIATES
A feasibility study is not bureaucracy. It is the evidence base that either confirms your development instinct or saves you from a costly commitment to a scheme that was never going to work in the market you are targeting.
OEA's feasibility studies combine genuine market research -- comparable transactions, rental evidence, demand analysis, competitor mapping -- with rigorous financial modelling that stress-tests your assumptions under realistic and pessimistic scenarios. The output is not a document designed to justify a decision you have already made. It is an independent assessment that gives you the information to make the right decision.
Institutional funders, development finance institutions and planning authorities in Nigeria increasingly require feasibility evidence before progressing a proposal. OEA's reports are structured to meet those requirements, with the professional credibility that comes from a NIESV-accredited, RICS-affiliated practice with 40 years of Nigerian market transaction data.
Comparable transaction data, rental evidence and demand analysis from 40 years of Nigerian market observation
DCF, yield analysis and development return projections with scenario testing under base, optimistic and pessimistic assumptions
Market intelligence across Lagos, Abuja, Port Harcourt, Enugu, Onitsha and all 36 states
Structured to meet the requirements of development finance institutions, commercial lenders and planning authorities
A rigorous, independent assessment -- not a document designed to confirm what you already believe.
Assessment of target occupier or buyer demand, competitor supply, absorption rates and market positioning. Who is your real customer and is there enough of them to make the scheme viable?
Demand-Side EvidenceAccessibility, infrastructure, planning history, site constraints, adjacent land uses and comparative locational advantage or disadvantage relative to competing schemes.
Physical AssessmentDevelopment cost budgeting, revenue projections, financing costs, development return (IRR/NPV), sensitivity analysis and breakeven assessment under multiple scenarios.
DCF · IRR · SensitivityAssessment of the optimal development use for a site -- balancing market demand, planning probability, financial return and development risk to identify the scheme type that maximises value.
Optimisation StudyReview of applicable zoning, planning policy, development control requirements and likely consent probability. Identifies planning risk before it is tested against the regulatory system.
Pre-Application AssessmentSystematic identification of development risks -- market, construction, regulatory, financial and political -- with probability-weighted assessment and recommended mitigation strategies.
Risk RegisterDevelopment proposal reviewed, study scope agreed, data requirements identified, timeline and fee confirmed. No study begins without a clear brief.
Market data collection, site inspection, comparable transaction analysis, stakeholder interviews where required and regulatory framework review.
Financial model constructed, scenarios populated, sensitivity tests run, assumptions documented and tested against market evidence.
Structured report with executive summary, market findings, financial analysis, risk assessment and a clear recommendation on viability.
No feasibility study is more reliable than the market intelligence it is built on. OEA's 40 years of transactional data across all 36 states -- comparable sales, rental evidence, development cost benchmarks and absorption rates -- provides the foundation that makes our financial models credible where models built on assumptions are not.
The difference between internal analysis and independent professional assessment.
Internal feasibility analysis is subject to optimism bias -- the human tendency to believe that projects we are excited about will work out. OEA's independent analysis uses actual market comparables, not aspirational projections, and is structured to identify why a scheme might fail, not just why it might succeed.
OEA is NIESV-accredited, RICS-affiliated and has 40 years of Nigerian market credibility. Our feasibility reports are accepted by Nigerian commercial banks, the Bank of Industry, development finance institutions and international lenders as the basis for funding decisions.
That is the study working exactly as intended. A feasibility study that only confirms viability is not independent research -- it is marketing material. OEA's reports tell you what the market evidence actually supports, including when a scheme needs to be reconceived or deferred.
Standard residential or commercial scheme: 3–4 weeks from brief to final report. Complex mixed-use, infrastructure or phased developments: 5–8 weeks. Expedited timelines are possible where the data exists and the brief is clearly defined.
Describe your proposed development and we will provide a study scope, timeline and fee proposal within 3 working days. All development details are treated in strict confidence.
abuja@oraegbunike.com
+234 (0) 70 1023 8888
Ora Egbunike & Associates