Interest rate, forex volatility hindering property development – Expert - Punch Newspapers

Real estate expert and Managing Director/Chief Executive Officer of Afriland Properties Plc, Uzo Oshogwe, has identified high interest rate and forex volatility hindering the growth of the real estate industry in Nigeria.A statement by the firm quoted her as saying, “Most of the loans available we get are at double-digit rates and this makes it very difficult to get a decent return on investment.

“The private sector, Federal Government and all relevant regulatory agencies need to come together to develop a framework that will hedge against these challenges and agree on key measures that will promote cheaper constructions and drive infrastructural development in the country.” The CEO said that her company’s success over the years was built on needs identification and working closely with prospective off-takers before commencing construction.

She added that having a diversified portfolio of investments and product offerings was a key factor that enhanced the company’s growth.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mentoring of potential successors crucial to family business continuity –Experts - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Experts advocate mandatory blood sugar screening for patients - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

How proper nutrition can help people living with HIV avoid diabetes –Experts - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

South Africa’s high unemployment rate hits rental market - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Lagos Government Seals Off Dowen College As Investigation Into Death Of 12-Year-Old Pupil Begins | Sahara ReportersThis was confirmed by Lagos State Commissioner for Information, Gbenga Omotosho, to Punch newspaper. Karma don come oo 🤓 Just imagine if this had happened in the 1990's or early 2000's when there was little or no social media. Who are the investigators, Nigeria police that can be bribed with N50? That's BS. Immediately after the press statement from Dowen College Mgt, next is police starting investigation. The orchestral is debased, we want an external forensic team of journalist justiceforslyvester
Source: SaharaReporters - 🏆 9. / 63 Read more »

‘Export opportunities abound in Nigeria’s agric sector’ - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »