10 Businesses That Will Suffer Under BUHARI
1, Real Estate Corruption influenced the high rise in the value of property in Nigeria. An area is mapped out and once politicians pick interest in the area, the value of property rises rapidly for no reason. Land that is worth 1.5m, the moment a politician comes and buys for 10m and starts building a mansion, every other land owner in the area starts selling from 10m upwards.The same goes to buildings. A politician sees a house he or she likes, the seller increases the price by 10 and the politician buys. Then every other property around the area is on the rise.As the new administration takes over,politicians will reduce their spending.They will now be more interested in managing their loot wisely and no more buying properties anyhow for themselves and their girl friends, because they wont have access to funds to steal. This will affect the sales of property, as there will be more properties for sale and less buyers. Even the politicians who are the target of estate investors ...
