Diaspora Nigeria urged to invest in real estate

Nigerians in the Diaspora have been advised to invest in real estate. The call came during a conference organised by a property and estate firm, Rolad Properties and Allied Services Limited.

Rolad Properties and Allied Services Limited was in the United Kingdom (UK) for its annual impact conference.

The UK event, tagged: ‘Rolad Wealth Summit (UK Edition)’ was with the theme ‘Creating Sustainable Wealth through Real Estate.’

The summit was geared toward influencing Africans in the Diaspora to create wealth by investing in real estate back in their home countries.

The summit had in attendance accomplished corporate giants like the Founder, Nigerian Global Business Forum, Afolabi Andu; CEO, Fifth Gear Plus, Niyi Adesanya; and Founder/CEO Rolad Properties and Allied Services Limited, Dotun Oloyede, as its speakers.

Speaking, Oloyede emphasised the importance of having solid investments back at home.

He noted that apart from having a place to stay when they visit, real estate in Nigeria has the potential to offer high returns on investment, especially in urban areas where demand for housing is high.

Oloyede stressed that property values have been increasing steadily over the years.

He stated that rental income from property can provide a steady stream of passive income that would cater to the needs of the family back at home, rather than sending money from abroad.

He added that Nigerians living abroad can take advantage of the favourable exchange rates to invest in real estate in Nigeria.

“This means they can get more for their money than they would if they were to invest in real estate in their host country,” he added.

In his keynote address, Andu lamented the challenges of inadequate infrastructure, poor regulatory environment, and lack of access to financing that have plagued the Nigerian real estate sector, despite its growth and potential.