2016 Budget and the Real Estate Sector

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    Profile photo of CMS

    From the 2016 Budget, N433.4 Billion was budgeted for Works, Power and Housing Ministry. The body language of the Hon. Minister, Mr Babatunde raji Fashola, has shown that Housing will get the least attention.
    It is worthy of note here that if infrastructure is good, (works and Power); investors will be encouraged as ROI will be attractive. Imagine if good and accessible roads and rail-lines are complemented by dependable power supply. Imagine the growth potential, bearing in mind that about 17 million is said to be the current Housing deficit in Nigeria.

    What in your opinion, should the Real Estate practitioners’ action?

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