#nigeria election 2023

[realestatemoses]

How Will Bola Ahmed Tinubu’s Presidency Affect The Nigerian Real Estate Sector?

On the 1st day of March 2023, His Excellency, Bola Ahmed Tinubu was declared the winner of the much anticipated 2023 General Elections, one filled with tension, intrigue and drama. His pronouncement as the winner has left a lot of citizens and the world at large curious about what to expect during his tenure, especially in terms of economic policies and initiatives.

This article seeks to examine the possible implications of Bola Ahmed Tinubu’s emergence as President of Nigeria on the real estate sector and its stakeholders.

The emergence of Bola Ahmed Tinubu as President although unsurprising to most has been deemed by many entrepreneurs, business owners and business-minded citizens as a welcome development which will help fast-track the recovery of the Nigerian economy.

Nigeria, despite being one of the largest oil-producing countries in the world, has 40% of its citizens (83 million people) still living below the poverty line, while another 25% (53 million) are vulnerable.

In addition to an external debt standing at $32.86 billion as reported by the Debt Management Office.

Nigeria has also been experiencing high inflation rates in recent years. In August 2021, the inflation rate was 17.38%, the highest in four years.

With a fast-rising high unemployment rate of 33.3% as reported by the National Bureau of Statistics.

The reason for this belief is predicated on the tested and proven track record of President-elect Bola Ahmed Tinubu with a spotlight on his time as Governor of Lagos state, where his contributions helped solidify its position as the economic capital of the country and also ranking amongst the fourth wealthiest city on the African continent.

As the governor of Lagos State from 1999 to 2007, Bola Ahmed Tinubu implemented several economic policies that contributed to the growth and development of the state. Some of his notable economic achievements include:

•Tax Reforms: Tinubu implemented a tax reform program that helped increase the internally generated revenue of Lagos State. The reforms included the introduction of the Personal Income Tax Act, the Hotel Occupancy and Restaurant Consumption Law, and the Land Use Charge Law.

•Infrastructure Development: Tinubu initiated several projects aimed at improving the infrastructure of Lagos State. Some of these projects include the construction of new roads, bridges, and flyovers, and the expansion of the water transportation system.

•Investment Promotion: Tinubu implemented policies to encourage investment in Lagos State. He initiated the development of the Lekki Free Trade Zone, an industrial and commercial hub that is a model for economic development and has attracted significant investment from both local and foreign investors.

He established the Lagos State Investment Promotion Agency (LASIPA) to promote investment in the state, and also provided incentives to investors such as tax breaks and land allocations.

•Poverty Alleviation: Tinubu implemented programs aimed at reducing poverty in Lagos State. He established the Lagos State Poverty Alleviation Program (LASPAP), which provided micro-credit loans, vocational training, and other support services to low-income residents.

•Education: Tinubu implemented policies aimed at improving the quality of education in Lagos State. He established the Lagos State University (LASU), and also introduced the Eko Project, which aimed at improving the infrastructure and quality of primary and secondary schools in the state.

•Health: Tinubu implemented several health policies aimed at improving the healthcare system in Lagos State. He established the Lagos State University Teaching Hospital (LASUTH), and also provided free healthcare services to children under the age of five and pregnant women.

Tinubu’s economic policies helped transform Lagos State into one of the fastest-growing economies in Africa during his tenure as governor.

Bola Ahmed Tinubu’s policies and initiatives as outlined in his manifesto if effectively implemented will have a positive impact on the Nigerian real estate sector.

For example, he might prioritize infrastructural development and housing projects to improve the availability and affordability of housing for Nigerians. This could potentially create new opportunities for real estate developers, builders, and investors, as well as increase demand for related services such as architecture, engineering, and construction.

Additionally, if Tinubu’s presidency were to lead to greater political stability and economic growth in Nigeria, this could have a positive effect on the real estate sector. A stable political environment and a growing economy could lead to increased investment in the sector, as well as higher demand for commercial and residential properties.

However, it is important to note that these are all potential outcomes and that the impact of a Tinubu presidency on the real estate sector would depend on a variety of factors, including his specific policies and initiatives, as well as broader economic and social trends in Nigeria.

In conclusion, members of the business community in Nigeria, especially the stakeholders in the real estate sector are curious to see how his policies and initiatives towards economic growth, infrastructure, foreign investment and ease of doing business will unfold and most importantly be implemented. As government policy is one of the major factors that drive the economy and the real estate sector.

[itootalk]

Nigeria election 2023: Tacha blow hot celebrities who are silent about the upcoming election

Nigeria election 2023: Tacha blow hot celebrities who are silent about the upcoming election

Tacha blow hot celebrities who are silent about the upcoming Nigeria election 2023. Ex BBNaija housemate Tacha calls out  Nigeria celebrities who kept silent about the upcoming Nigeria election 2023. Nigeria election 2023 will held in Nigeria on 25 February 2023. Tacha refers Nigeria celebrities as money idols, for keeping silent about the upcoming elections. See what she said o her twitter…

[aderinola]

Nigeria's 2023 Disgraceful (S)Elections: No Surprises..!

If you are complaining about the 2023 Nigeria’s (s)election, you are like a child that does not know medicine and called it vegetable. Welcome to the club of traumatized children and adults. May your stay be short..! Nigeria’s 2023 Disgraceful (S)Elections: No Surprises..! Adeola Aderounmu Only babies and ignorant people should cry or complain about Nigeria’s (s)election process for 2023 for…

[godwin247]

Technology cannot solve electoral challenges in Nigeria: Goodluck Jonathan

Former President Goodluck Jonathan said the outcome of last weekend’s governorship election in Edo State had shown that technology would not solve Nigeria’s electoral challenges. He said the human mindset was key to the resolution of the electoral problems. But he regretted that many Nigerians had a d+rty attitude to politics Jonathan made the remarks in Abuja at a programme organised by the…

[morganablenewsmedia]

August Protest: 2023 Election Losers Are Behind it, Says Akpabio

August Protest: 2023 Election Losers Are Behind it, Says Akpabio This Administration Is Not Responsible For The Economic Hardship Godswill Akpabio, the Senate President, has blamed the looming protest on 2023 election losers. He said they are the engineers and secret sponsors of the planned protest in order to destabilize the country. Godswill Akpabio Speaking at the Senate House on Monday, after…

[macroeconomics-of-the-metaverse]

Corruption drives Migration in Africa: The case of Nigeria

Corruption has long been a pervasive issue in Africa, and its detrimental effects are particularly evident in Nigeria. This rampant corruption is a significant driver of migration within the country, as citizens seek better opportunities and escape the cycle of poverty perpetuated by corrupt practices. Firstly, Spyromitros & Panagiotidis (2022) attests that corruption undermines economic…

[ekechi]

CAPTURED STATE: NIGERIA AFTER 261023

Today the State Capture was completed at the Supreme Court,Where justice found itself caught in a tangled web of deceit,Corruption’s dark tendrils spread, like a venomous snake,The shackles of honesty, now broken and obsolete. Once a beacon of hope, the Court stood proud and tall,A symbol of impartiality and fairness in its core,But within its hallowed walls, the truth began to fall,As the…

[accuratenewsng]

Full list of elected governors in 26 states, 2 to go

Following the announcement of the Labour Party (LP), candidate as the winner of the Abia state governorship election, Alex Otti, by the Independent National Electoral Commission (INEC) on Wednesday, March 22, 2023, the total number of governor-elects in the March 18, 2023 polls is 26. The elections in Kebbi and Adamawa were declared inconclusive by the electoral commission. The ruling All…

[hicginewsagency]

Obi Wins in Tinubu Stronghold Lagos as #NigeriaDecides2023

PeterObi / TwitterPeter Obi, former Governor of Anambra State and 2023 Presidential Candidate, campaigning in Delta State. Peter Obi of the Labour Party has been declared the winner of the presidential election in Lagos, Nigeria’s most populous state, where Bola Tinubu of the APC a former governor, is considered the political kingpin. The results were rejected by the Peoples Democratic Party…

[s-plicit]

Nigeria Decides 2023

The first phase of the 2023 general elections took place on Saturday 25th February 2023 as scheduled by INEC (independent national electoral commission), though there had been speculations here and there that the elections would be postponed till a later date. Thankfully, the day came and many enthusiastic voters set out for the business of the day. Their enthusiasm was however doused by the…

[tpraize]

Beware Of Fake Dollar Bills

As Nigeria’s general election draws close, a lot of combined feelings cloud the air. People (citizens home and in diaspora) are not sure what to hold on to although decisive individuals have made a clear picture of what the Patriots of Nigeria should go for. With a popular maxim “Vote Wisely” everywhere on the internet. However, some fears arise about the gullibility of some Nigerians which…

[premimtimes]

Multiple factors could shape the outcome of Nigeria’s 2023 elections (3), By Uche Igwe

Bola Tinubu, Atiku Abubakar and Peter Obi …projections may change as the candidates make their final moves to woe undecided voters. For now, the forecast points to a runoff, but it is unclear who will be contesting the runoff and the alliances that may precede it. Beyond the anxiety of the elections, Nigerians collectively celebrate the imminent end of the disaster personified by the Buhari…

[aderinola]

My Generation Also Wasted Away

Living in denial does not obscure the realities of our lives, how miserable this country Nigeria has become. My Generation Also Wasted Away By Adeola Aderounmu That my generation also wasted away is one thing I have come to accept. I never saw it coming (especially when I was a little boy, full of hopes and dreams of what I thought the future would be and what I would make of it). Now, rather…

[godwin247]

Payment of FGN coupon delayed due to technical glitches: DMO

The Federal Government via the Debt Management Office has attributed the recent delay in coupon payments to savings bond subscribers to system & processing challenges. Bloomberg reports that the first coupon payment on the 2 year & 3 year debt instruments, through which the government raised N4.2 billion in June, was due on Sept. 12 but has remained unpaid. Reports showed that this marks the…

[dirosky]

Today is Armed Forces Remembrance Day.

Thoughts from our leading Presidential Candidate, HE Peter Obi. Read and reflect.