Ms. Karo, You have really said it all, but the real estate companies in Nigeria sometimes cut corners to make more profit by giving 💯 hope and at last something happens. I know Nigeria factor affects real estate, but the company should take 100% responsibility, not the investor.
Of course, that's why I insist on picking a company with good track record. So that when the unforseen happens, they won't shut down or try to avoid compensating investors.
I have been investing in Nigeria for some time now, and I have lost so much. What I find is that most companies themselves are not dishonest but the Nigerian factor messes them up and this is passed on to the investor. For instance, the crash in the Naira is not the company’s fault, nor are arbitrary changes in the law their fault. We also have very weak institutions. This is why I no longer invest in Nigeria, our country is just unstable at the moment.
Thanks for leaving me a comment. I really appreciate your comment. I totally agree with your assessment of the industry. However the solution isn't to avoid investing all together. We just need to be extra careful. Remove all sentiments when investing and focus on priorities, pick a good company with a verified property, because the real issue isn't the challenges, it's knowing that your investment will always be protected even if things go bad, you need a developer committed to its clients satisfaction.
Thank you 🎉
Nice video
Ms. Karo, You have really said it all, but the real estate companies in Nigeria sometimes cut corners to make more profit by giving 💯 hope and at last something happens.
I know Nigeria factor affects real estate, but the company should take 100% responsibility, not the investor.
Of course, that's why I insist on picking a company with good track record. So that when the unforseen happens, they won't shut down or try to avoid compensating investors.
I have been investing in Nigeria for some time now, and I have lost so much. What I find is that most companies themselves are not dishonest but the Nigerian factor messes them up and this is passed on to the investor. For instance, the crash in the Naira is not the company’s fault, nor are arbitrary changes in the law their fault. We also have very weak institutions. This is why I no longer invest in Nigeria, our country is just unstable at the moment.
Thanks for leaving me a comment. I really appreciate your comment. I totally agree with your assessment of the industry. However the solution isn't to avoid investing all together. We just need to be extra careful. Remove all sentiments when investing and focus on priorities, pick a good company with a verified property, because the real issue isn't the challenges, it's knowing that your investment will always be protected even if things go bad, you need a developer committed to its clients satisfaction.