Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    NYSC releases Batch ‘B’ stream 1 deployment list

    July 28, 2025

    Tinubu, a Listening Leader with Policies in Favour of Private Sector — Dangote

    July 28, 2025

    RCCG medical outreach: 500 Lagos residents benefit

    July 28, 2025
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      LG Election: Sanwo-Olu swears in LG chairmen, vc

      July 28, 2025

      New APC Chairman: Humanitarian Affairs Minister, Nentawe Yiltwada takes charge as leader

      July 24, 2025

      APC to hold NEC meeting in Presidential Villa, appoint new Chairman

      July 23, 2025

      Igbinedion Wins APC Ovia Bye-election’s Ticket, Heads for House of Representative

      July 20, 2025

      Momodu resigns from PDP, aligns with ADC

      July 17, 2025
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      News July 25, 2025

      Miss Tourism Africa and Mister Tourism International 2025 to hold in Plateau

      Recent

      Miss Tourism Africa and Mister Tourism International 2025 to hold in Plateau

      July 25, 2025

      Kaduna Film Festival’s 8th edition with purpose of being change agent

      July 25, 2025

      Spotify: Wizkid emerges first African artist to reach 9 billion streams      

      July 25, 2025
    • Business

      Tinubu, a Listening Leader with Policies in Favour of Private Sector — Dangote

      July 28, 2025

      Union Bank Rewards Customers with ₦5 Million Each in Save and Win Palli Promo Season 4 Grand Finale

      July 28, 2025

      Verve Goodlife Promo returns, promises exciting cashbacks

      July 26, 2025

      Elumelu promises N25 billion to support Lagos food initiative

      July 24, 2025

      Glo subscribers to enjoy device protection

      July 24, 2025
    • Health

      LASEPA, UNIDO, Japan govt unite to train food vendors, waste workers in Ikorodu to fight epidemic

      July 26, 2025

      JDPC sets up Trauma Centre for victims of attacks in Plateau

      July 16, 2025

      Healthcare centre named after Remi Tinubu in Lagos

      July 11, 2025

      First Lady, Oluremi Tinubu inaugurates 30-bed Primary Health Centre in Lagos

      July 10, 2025

      Sterling Bank recognised for 2025 Nigerian Healthcare Excellence Awards

      July 4, 2025
    • Culture

      Rite Foods Powers Ojude Oba Festival, Adds Colour to its Festivities, Reinvigorates Participants with Its Award-winning Brands

      June 11, 2025

      Glo Celebrates 20-Years Of Showcasing Ojude Oba To The World With Gifts Of Cars, Tricycles And More

      June 9, 2025

      House Of Adron Illuminates Ojude Oba Festival With Grandeur, Honours Awujale Of Ijebuland

      June 8, 2025

      Ijebu Ode aglow with grandeur, culture at Ojude Oba festival

      June 8, 2025

      2025 Durbar Festival: Crowd gather in Ilorin to celebrate in grand style

      June 8, 2025
    • Lifestyle

      TOOF Champions a Defining Moment for Nigerian Art at Old Masters by Future Masters Exhibition

      July 23, 2025

      What Would an African SDG Treaty Look Like?

      July 21, 2025

      Golden Jubilee: Makinde lauds Alaafin at 50th celebration

      July 17, 2025

      Beware: Almost got Initiated into witchcraft on internet – Olayode

      July 16, 2025

      Destiny, Endurance and Victory of Oba Sikiru Adetona, the Awujale of Ijebuland

      July 15, 2025
    • Sports

      WAFCON victory: See how we overpowered Morocco – Super Falcons 

      July 28, 2025

      South Africa to host Super Eagles September 9 for W’Cup Qualifiers

      July 28, 2025

      Tinubu to meet Super Falcons on Monday

      July 27, 2025

      Nwoko Lauds Super Falcons’ Victory, Says ‘Mission X’ Expressed Nigerian Resilience

      July 27, 2025

      WAFCON best player, goalkeeper awards go to Ajibade, Nnadozie

      July 27, 2025
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»Real Estate»Benefits of Real estate investment by Nigerian diaspora on the economy
    Real Estate

    Benefits of Real estate investment by Nigerian diaspora on the economy

    Ifetayo AdeniyiBy Ifetayo AdeniyiMarch 21, 20243 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Benefits of Real estate investment by Nigerian diaspora on the economy

    Investments made by Nigerians living abroad in the real estate sector have the potential to significantly benefit the Nigerian economy through various channels.

    These investments play a critical role in driving economic growth, creating job opportunities, improving infrastructure, and addressing housing challenges. Some key ways Nigerian diaspora investment in real estate can contribute to the Nigerian economy include: Foreign direct investment (FDI) from Nigerians living abroad represents a form of capital injection into the Nigerian real estate market. This influx of funds stimulates economic activity, boosts property development, and strengthens the overall real estate sector, contributing to GDP growth. “Nigeria has huge potential, with a young, entrepreneurial population, but many are struggling in the current economic climate,” said Engr. Ajao Abiola, CEO of Mainviews Properties.

    “We want to give Nigerians a way to invest in their country’s future and see strong returns.” “While the naira exchange rate and cost of living have been challenging to many Nigerians at home, real estate remains a stable asset class in Nigeria that provides protection from inflation and currency devaluation. “Diaspora investment in property also has a multiplier effect, as said earlier as their money flows into the local economy through the developers, contractors, suppliers, and hands of all workers/labourers involved in each project.” this will feed and bring ease in a way to many home.

    Real estate investments by Nigerians living abroad lead to job creation in construction, property management, maintenance, and related industries. The development of residential, commercial, and infrastructure projects generates employment opportunities, stimulates local businesses, and spurs economic activity in surrounding communities.

    Investments by Nigerians living abroad contribute to improved infrastructure in Nigeria through funding the construction of housing estates, commercial complexes, and mixed-use developments. Diaspora investors thus play a vital role in enhancing urban infrastructure, utilities, and amenities, which benefit the broader population.

    Investments provide much-needed housing solutions for the Nigerian population by investing in affordable housing projects, residential developments, and rental properties, addressing the housing deficit, improving living standards, and supporting social development initiatives in Nigeria.

    Real estate investments generate revenue streams through rental income, property sales, and property taxes, contributing to government revenue and tax collections. Increased economic activity in the real estate sector boosts tax revenue, which can be channeled towards public infrastructure projects, social services, and economic development programs.

    Sustained investments by Nigerians living abroad in real estate contribute to long-term economic stability and resilience in Nigeria by fostering a robust real estate market, attracting foreign investors, and promoting sustainable development practices.

    In conclusion Engr. Ajao Abiola the Ceo Mainviews Properties agreed that, Nigerian diaspora investment in real estate has a profound impact on the Nigerian economy through driving growth, creating opportunities, and fostering sustainable development. By strategically investing in real estate projects, diaspora investors not only generate financial returns but also contribute to the social, economic, and infrastructural advancement of Nigeria, paving the way for a brighter and more prosperous future.

    Vanguard

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleMo Bimpe narrates her ordeal for marrying Nollywood star, Lateef Adedimeji 
    Next Article Requesting for Presidential Approval Required as President Tinubu Bans Foreign Trips For Government Officials
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Real Estate July 4, 2025

    Real Estate Industry Experts, Stakeholders Raise Alaram Over Building Collapse in Lagos, Seek Urgent Reforms

    Business June 3, 2025

    MSM aims for multi-billion dollar investment in cement, competes Dangote, Lafarge, Bua, others

    News May 28, 2025

    Elite 18 Global Golfers Honours Aare Adetola Emmanuelking With Nigeria’s First Ever Noble Golfer Award 

    Real Estate April 20, 2025

    Adron Homes Celebrates Easter, Offers Up to 30% Discount and Flexible Payment Plan

    Real Estate April 20, 2025

    Ramadan Delight: Enjoy Flexible Payments, Huge Discounts & Exclusive Gifts with Adron Homes

    Real Estate April 18, 2025

    FG partners Harmony Gardens to unveil Renewed Hope Estate for Nigerians in Diaspora

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    News July 28, 2025

    NYSC releases Batch ‘B’ stream 1 deployment list

    NYSC releases Batch ‘B’ stream 1 deployment list File: NYSC The National Youth Service Corps…

    Tinubu, a Listening Leader with Policies in Favour of Private Sector — Dangote

    July 28, 2025

    RCCG medical outreach: 500 Lagos residents benefit

    July 28, 2025

    WAFCON victory: See how we overpowered Morocco – Super Falcons 

    July 28, 2025

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: officialmegastarmagazine@gmail.com
    Contact: +234 705 311 1111

    Our Picks

    NYSC releases Batch ‘B’ stream 1 deployment list

    July 28, 2025

    Tinubu, a Listening Leader with Policies in Favour of Private Sector — Dangote

    July 28, 2025

    RCCG medical outreach: 500 Lagos residents benefit

    July 28, 2025
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2025 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.