Real Estate Investment Opportunities in Nigeria

Nigeria is located in western Africa south of Sahara. Located just above the Ecuador, bordering the Gulf of Guinea. The importance of the country into West Africa sub-region can not be underestimated as it represents 45% of GDP regions.

The country-style democracy work after the American system, with a President, Vice President, Senate, House of Representatives, state assemblies, the governors of the States, etc.

In fact, in 2007 held another election and a new president sworn in

The climate is tropical, with two main seasons, the rainy season / wet - April to October and dry season from November to March.

Nigeria's economy is driven mainly by the presence of crude oil, which is our main export product and this represents almost 90% of the revenues of the country's foreign exchange - $ 40 billion in 2005. Efforts are underway to diversify the economy by the current government.

The population is estimated at more than 100 million people and a census was completed in March 2007, confirms this.

Of this population (estimated 2001), the age stratum is broken down as follows 0-14, 3.71%, 15 - 64, 53.47%, 65 years or more - 2.82%.

As a result of the dynamics of oil prices and a deregulated economy, enormous population and what this represents in terms of a market for goods and services, virtually all major business organizations, present or represented in Nigeria in one way or another. - Shell, Mobil, Chevron, Total, Samsung, Peugeot, LG, Hyundai, Halliburton, Hilton, Sheraton.

In fact, telecommunications and petroleum industry accounts for approximately 50% of the number of expatriates coming into Nigeria.

With this, it goes without saying that Nigeria is a major investment destination today with investment real estate is one of the stops. The huge population of over 100 million should be housed.

There are many investments in Nigeria real estate destination, Calabar, cross rivers States, Kano, Kano State, Enugu, Enugu State, etc., but the three main areas I will focus on are Lagos, Port Harcourt and Abuja in lesser extent.

They will be examined for their potential commercial and residential, while tourism and recreational real estate is discussed in general terms throughout the country.

LAGOS

The former capital of Nigeria until April 1990, Lagos is located at the southern tip of Nigeria, with limits on the Atlantic Ocean.

It is purely a commercial city hosting all offices of the head of all major organizations, seaports and airports.

Population is estimated at more than $ 10 million.

Of this number, statistics show that s less than 20% is adequate by the standards of the United Nations.



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