Why investors are moving out of Nigeria, expert explains

-


Experts at the Investors Forum have explained the problem with Nigeria's investment sector.

An expert in the housing sector and the Managing Director of Symphony Garden City, Lagos State, Mr. Bola Adeboye explained that the strict policies of government is one of the factors responsible for low investment in housing sector by foreign investors.

Adeboye lamented that the polices of the government on housing has become unbearable for investors hence the reason they avoid the sector.

Mr Adeboye who spoke at his Investors' Forum on the proposed Symphony Garden Estate at Ogudu, Oworo - Shoki area of Lagos state decried the rate investors move their investment from Nigeria to other countries because of its stiff policies.

He said government needs to deregulate its housing policies in order for both local and foreign investors to invest in it.

He said "Government of some countries has less than 5% interference in housing unlike Nigeria where government influence is over 80%.

" Investing in housing in Nigeria is tasking because they keep bringing different policies. Just like it took us three years to get to where we are and it is only a determined soul that could go that far.

"Government should deregulates, they should give room for professionals on the field.

" It is only when government reduce interference in housing sector that would encourage investors to invest in it",he said.

He appealed to the government to deregulate and reduce their interference in housing, advising them to give room for professionals in the field.

Comments

Post a Comment

Popular posts from this blog

5 facts about O TO GE slogan and the collapse of Saraki's dynasty

-
Image
Kwara Must Change 1. Alh. LAK Jimoh was the first politician in modern history of Kwara state to use the O TO GE slogan in a campaign. O TO GE simply means, Enough is Enough.  Alhaji Jimoh first used the slogan in 2011 when he was contesting the Kwara Central Senatorial seat under the People's Democratic Party (PDP). Bukola Saraki eventually won the ticket and went ahead to represent Kwara Central at the Senate.  While the slogan wasn't popular at the time, there's no taking away the fact that Alh LAK Jimoh used it first and could be rightly credited to be the originator. 2. 8 years later, the slogan idea was pitched again in 2018 immediately after the All Progressive Congress primary election in Kwara State. After the APC primary election, Islamic singer, Aminat Obirere produced a song titled o to ge as part of a joint album coordinated by Kwara Must Change to promote the candidature of APC governorship candidate, Alh. Abdulrahman Abdulrazaq. The album itself was titled
Read more

Why violence took place in Saraki's Community- Head of Community

-
Image
The residents of Aiyelabegan Compound in Agbaji District of Okemale Area in Ilorin has called on the Emir of Ilorin Alhaji Ibrahim Sulu Gambari and the various security agencies in Kwara state to call the supporters of Senate President Bukola Saraki to maintain the peace for which its neighbourhood has always been known for. The appeal was made by the Mogaji of Aiyelebagan compound Alhaji Oba Aiyelabegan while speaking with newsmen in Ilorin following a violent attack on the compound by alleged political supporters of the Senate President Bukola Saraki who live in the area on Thursday 10th of January. He alleged that the compound was attacked with stones and various types of missiles by political supporters of Bukola Saraki who live in the area, and later shot sporadically into the air saying tgey were shouting slogans that Agbaji is the domain of Bukola Saraki and they would not tolerate anybody living there not to be supporters of Saraki. He said siege lasted for several h
Read more

Fela Durotoye Writes ANN Chairman About Alleged Involvement With Osinbajo

-
Alliance for New Nigeria (ANN) Presidential aspirant, Mr Fela Durotoye has written an eloquent letter to the ANN national chairman,Pastor Dania Emmanuel to respond to certain claims in a letter by another aspirant, Gbenga Olawepo Hashim. Full letter The Chairman Alliance for New Nigeria (ANN) Dear Sir My attention has been brought to a statement credited to the Gbenga Olawepo - Hashim Presidential campaign organization dated September 28, 2018 and signed by its Director General, Rt. Hon. Terseer Tsumba which insinuates the following: 1. That a “certain Presidential aspirant is fronting for some powerful interests in the All Progressive Congress (APC) to destabilize the Alliance for New Nigeria” Being the only other Presidential Aspirant apart from Mr. Hashim on our great party, it is important that I respond to these false & misleading allegations. For the avoidance of doubt, I wish to inform you that I have never been a member of any political party prior to joining
Read more

Breaking:ANN Expel traitors , ratify Alliance with people's trust

-
Image
Alliance for New Nigeria has at its special convention and presidential primary  in Abuja on Wednesday expelled its former National Chairman, Dania Emmanuel and former Deputy National  Secretary, Mr. Osita Okonkwo from the party. Dania and Okonkwo were removed and expelled for anti-party activities. Recall that it has been reported that Dania Emmanuel and a former presidential aspirant under the party allegedly received hush money from the All Progressive Congress (APC) to compromise the party and stop Global Business man, Olawepo Hashim. The party, through a resounding voice vote of delegates from across the federation expelled the dou. The party also announced that it is now in strategic alliance with People’s Trust (PT) for the purpose of presidential and other political office for the 2019 general election. In addition to the Alliance with People's Trust, ANN also announced that 7 other political parties, which also saw the beauty in ANN's agenda are currently
Read more

Lagos before Nigeria By Abdulrazaq O Hamzat

-
Image
More than 50 years before the creation of Nigeria as a united entity, Lagos is already a major centre of modern civilisation. Lagos history is rich in Yoruba tradition, trade and commerce, infrastructural development and cosmopolitanism." -EXTRACTED In the past few days, i have followed the unhealthy debate between easterners in Lagos and their host and i must say that such is really uncalled for. No tribe or race is an island of knowledge and civilisation. At one time or the other, each one of them contributed in one way or the other. While it is proper for every one to feel good about themselves and try as much as possible to amplify in a good way, their importance and contribution to the society they live in, it is also very crucial to take into account, the reality of other factors without attempting to ridicule the contribution of others. I therefore advise all those joining the discuss to thread with caution and avoid things that are capable of setting our peop
Read more

Igbo is not good to be president of Nigeria?

-
Image
South East has the least number of States in Nigeria, the least number of Senators, the least number of House of Reps members, least number of State House of Assembly members, least number of Ministers at the federal level, least revenue allocation, least federal presence or Investment, least local governments, least wards and the least of everything in Nigeria. Can we conclude that Igbo worry about nothing except their stomach? Can we assume that an Igbo is not good to be president of Nigeria? Can we conclude that top Igbo Politicians lack strategy, tact and vision to think deep in matters of politics? Can we conclude that we are satisfied with the status-quo ante? Is there hope for Ndigbo in Nigeria’s Political equation? Igbo politics worries me to the marrows! For eight years the former Governor of Anambra state, Mr Peter Obi ruled on the platform of APGA and according to him then, it was either APGA or nothing. To celebrate the late Ikemba Nnewi Chief Emeka Ojukwu,
Read more

Kwara worker commit suicide over unpaid salaries

-
A staff of Universal basic education (UBE) in Kwara state has reportedly committed suicide over unpaid salaries. The news was broken by a group, Kwara Must Change which said it regretted to bring to public attention, the death of Mr Biodun Bashir, a staff of Universal Basic Education (UBE) in Kwara State at Oyun Local Government, who recently hung himself to death over failure of Kwara State Government to pay workers salaries and their continues denial of owing workers. ''The staff, Mr Biodun Bashir a.k.a. 'Legal', who is a driver working under UBE committed suicide by hanging on Saturday, 28th October 2017''. Kwara Must Change reports that, ''according to those familiar with the incident, Mr. Biodun, like other workers have been living under severe hardship for many years without any hope of improvement''. ''While the state government owes workers several months’ salaries, they continue to claim they do not owe on media, a false pro
Read more