Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

The Street Reporters Newspaper

…Breaking News with Integrity!

Adsense

Adsense

Dr Timothy Oladele Gold
Opinion Real Estate

The Role Of Real Estate For Economic Development In Africa

Spread the love

This post has already been read at least 11599 times!

By Dr Timothy Oladele Gold

In dealing with the subject matter The Role Of Real Estate For Economic Development In Africa’ engenders unavoidable need for the definition of real estate to be unequivocally stated

According to Merriam Webster Dictionary. which defines real estate “Property In Building And Land this is diametrically opposite of chattel .

As a matter of fact it is real estate that defines and redeems the world from the prehuman chaos !

And no economy survives without creating space for the operations that sustains the factors of development.

Housing which rivals with food can not be overestimated in any economy both local and international .So real that man naturally seeks for shelter to take a cover for his covert activities which include cooking , dining , planing for every economic and financial emancipation and procreational activities

ALSO READ  The King And The Weight Of The Royal Beads

Though , there are varying categories of housing in the world with the fundamental purpose of providing an abode in shades of style and structures

While the inhabitants are not regarded as destitute or vagabonds by virtue of physical abode

The value of real estates apparently knows no bound as the so called Silicon Valley that accommodates global technology such as internet connectivities ,face book etc
that are poised with ulterior motive of replacing four walls with virtual world is still housed in a real estate .

Going by he aforementioned, it is evident that the role of real estate can not be underestimated in the economy of Africa and Nigeria in particular in consideration of its population and imminent population explosion

Places like Lagos and other urban centres can not afford to rest on their oars under this pressure: The influx of vulnerable from the epicentre of insurgencies coupled with vibrancy of commerce that lures all and sundry is great factors that should motivate the government to more economic exploit in the area of real estate towards providing affordable housing for all .

ALSO READ  Edo Killings: We Mustn't Be Fooled

Nigeria a country with well over 180 million population can re engineer her economy by shifting all attention given to oil based economy and explore other area like real estate which is an auspicious leeway

Real estate is a lucrative venture that attracts values and consistently adds value that in turn positively affect the economy

Governments at various level have been participating in business of real estate either by Public -Private partnership initiative or outright investment with sizeable proceeds to fortify the economies .

ALSO READ  The Fact of the Past Between El-Rufai and Ribadu

Our vast land are meant to feed and house us . We cultivate the land to bring forth food for our stomachs and develop the land into real estate to create a place to cook our food without interference of adverse atmospheric conditions .

This is the fundamental development apart from catering for the basic needs of life it also provides revenues for running the economy with a sustainable trend.

Gathering today to confer on housing is humanitarian and entrepreneurial in that the foci are to move humanity forward and further endear a sustainable development courtesy of real estate to both public and private sectors

Timothy Oladele Gold, fcpdm, fispn, is a Public Diplomat

This post has already been read at least 11599 times!

The Street Reporters Newspaper is reliable latest news portal and publishes opinions, business news, politics, and sports news from Nigeria and the world. Tel: +2348175047979

Discover more from The Street Reporters Newspaper

Subscribe now to keep reading and get access to the full archive.

Continue reading