NEWS HEADLINE IN SOME NIGERIA NEWSPAPERS TODAY 16TH JUNE 2017.
Government Policies Unbearable For Housing Investors - Experts.
An expert in the housing sector and the Managing Director of Symphony Garden City, Lagos State, Mr. Bola Adeboye has identified the strict policies of the government as factors responsible for low investment in housing sector by foreign investors. Adeboye lamented that the polices of the government on housing has become unbearable for investors hence the reason why they avoid the sector. The Managing Director who spoke after his Investors' Forum on the proposed Symphony Garden Estate at Ogudu, Oworo - Shoki area of Lagos state decried the rate investors move their investment from Nigeria to other countries because of its stiff policies. He said government needs to deregulate its housing policies in order for both local and foreign investors to invest in it. He said "Government of some countries has less than 5% interference in housing unlike Nigeria where government influence is over 80%. " Investing in housing in Nigeria is tasking because they keep bringing d...
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