The Real Value of Wealth

The Real Value of Wealth

Thoughts on Real Estate, Nigeria, and the Global Economy

ByLukman Shobowale

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Real Estate investments have displayed significant potential to hedge growing inflation, provide jobs, address poverty, bridge the housing deficit, redistribute wealth and enhance government revenue. From an investment perspective, Real Estate is also one of the most sustainable globally. Aside from its potential to hedge inflation, it is also insulated from price volatility. This can serve as a means to manage the impact of both inflation and currency depreciation. Similarly, as Nigeria actively seeks to reduce its poverty rate, Real Estate offers a sustainable approach to get people out of poverty and spur regenerative prosperity. For example, the government of the day can embark on mortgage reforms and special financing strategies to provide Nigerians with financing options, at a single-digit interest rate, to invest in Real Estate and home ownership. Yet, such interventions are not exactly novel - the Anchor Borrowers Programme, aimed at achieving rice sufficiency in the country is an adaptation of it. In the long term, this policy can create empowerment and help to bridge the housing gap, which currently stands at 28 million housing units.

Details

Publication Date
Jul 24, 2023
Language
English
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Lukman Shobowale

Specifications

Format
PDF

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