Nigerians in the Diaspora have been advised to invest in real estate.
This was made known during a conference organized 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 which was tagged: ‘Rolad Wealth Summit (UK Edition)’ had as its 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 at the summit, the Founder/CEO, Rolad Properties and Allied Services Limited, 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.
While stressing 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 with the current exchange rates, 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.
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.
He went ahead to commend Rolad Properties for diligently contributing its quota to solving the housing deficit in Nigeria while calling on other firms to take a cue from this and not make everything about the money.
While reiterating the importance of owning a piece of the fatherland, Niyi Adesanya stated that it is not about prosperity, but it is about posterity, which means building wealth not just for oneself but for generations to come. This, he noted, is the whole concept of wealth.
Rolad Properties and Allied Services Limited has over the years prided itself as a company that serves excellence and quality on the golden tray of affordability.
This is evident in Idera De Estate, the 1000-unit, self-sufficient and luxurious estate the company is building in the heart of Mowe, Ogun State as well as First Fountain Court, an affordable, energy-efficient, state-of-the-art smart homes project in the Abijo
