Real Estate Key to Sustainable Devt – THISDAYLIVE

There is no doubt that these are truly challenges times. The slowdown in global economic activities, occasioned by both the impact of COVID-19 and the Russia-Ukraine crisis, have resulted in a cost of living crisis and a decline in the global volume of trade, leading to inflationary pressure at national, regional and global levels.

Similar to other monetary Authorities in the world, the Nigerian Central Bank has continued to tighten its monetary policy, as part of measures to address the growing inflation. Notably, through interest rate and other monetary policies to cushion the inflation.

As the revenue from the oil sector continues to decline, as we approach a gradual global shift from oil, Nigeria must begin to consider the Real Estate sector, as a key contributor to the economy viz its capacity to deliver sustained prosperity and the redistribution of wealth. Investment in real estate, has the potential to hedge growing inflation, provide jobs, address poverty, bridge the housing deficit, redistribute wealth and enhance government revenue.

The real estate sector can serve as the key to address the growing unemployment. More than a third of eligible workers in Nigeria are unemployed, according to the NBS, the unemployment figures as at Q4 2020, stands at 33.28%. The real estate sector typically involves several value chain that involve labour at every level. Increased activity in the real estate sector, will significantly address the nation’s unemployment challenges and support wealth creation.

Source: Real Estate Daily Report (realestatedailyreport.net)

Lukman Shobowale. A pacesetter in real estate

You people don't know that saving makes your currency stronger and country wealthier....it's common sense...Today we have no savings.. currency is weak .. we are the once suffering... This election will show if we have more stupid people APC, PDP) than brilliant once(LP)....

SeunAwogbenle Thank you 👏🏽

Lukman shobowale has been one of the most reliable source when it comes to real estate investment

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