{"id":108,"date":"2022-10-04T10:21:45","date_gmt":"2022-10-04T10:21:45","guid":{"rendered":"https:\/\/www.rolexhomes.com.ng\/blog\/?p=108"},"modified":"2022-10-04T10:21:45","modified_gmt":"2022-10-04T10:21:45","slug":"real-estate-sector-and-nigeria-economy","status":"publish","type":"post","link":"https:\/\/www.rolexhomes.com.ng\/blog\/2022\/10\/real-estate-sector-and-nigeria-economy\/","title":{"rendered":"REAL ESTATE SECTOR AND NIGERIA ECONOMY"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" class=\"alignnone size-medium wp-image-61\" srcset=\"https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-300x300.jpg 300w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-1024x1024.jpg 1024w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-150x150.jpg 150w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-768x768.jpg 768w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-1536x1536.jpg 1536w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-2048x2048.jpg 2048w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-920x920.jpg 920w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-230x230.jpg 230w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-350x350.jpg 350w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-480x480.jpg 480w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" class=\"alignnone size-medium wp-image-74\" srcset=\"https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-300x300.jpg 300w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-1024x1024.jpg 1024w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-150x150.jpg 150w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-768x768.jpg 768w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-1536x1536.jpg 1536w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-2048x2048.jpg 2048w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-920x920.jpg 920w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-230x230.jpg 230w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-350x350.jpg 350w, https:\/\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/FLIER-promo-480x480.jpg 480w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Prior independence, the Nigeria economy depends solely on the Agricultural and Manufacturing sector to grow its GDP. After independence, this trend of growth in these sectors continued until the late 60&#8217;s the country experienced the advent of crude oil. The crude oil in Nigeria is being controlled at the Centre (Federal Government). This did not give room to individuals and private own establishment to exploits their given technocrats in this sector. The total control of this sector at the Centre brings about bureaucracy, red tapes and increasing capital flight which by implication gives rise to impoverish economy stage we find ourselves today.<br \/>\nAs against the aforementioned, the Real Estate Sector majorly owned by the private sector has been able to eradicate bureaucracy and red tapes in a working environment through experienced human capital, staff effectiveness, efficiency and specialization. partner with us at Rolex Homes today where the standard for modern day Real Estate business is set.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prior independence, the Nigeria economy depends solely on the Agricultural and Manufacturing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-108","post","type-post","status-publish","format-standard","hentry","category-lands"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":338,"url":"https:\/\/www.rolexhomes.com.ng\/blog\/2023\/03\/real-estate-trend-predictions-in-nigeria-5-cities-to-watch\/","url_meta":{"origin":108,"position":0},"title":"Real Estate Trend Predictions In Nigeria: 5 Cities To Watch","date":"March 28, 2023","format":false,"excerpt":"The real estate sector in Nigeria is becoming more and more attractive to local and foreign investors alike. This is due to the country\u2019s strong economic growth, which is projected to continue in the coming years. If you\u2019re thinking of investing in Nigerian real estate, then you need to be\u2026","rel":"","context":"In &quot;Houses&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2023\/03\/rolexhomes.com_.ng-4-300x300.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":226,"url":"https:\/\/www.rolexhomes.com.ng\/blog\/2023\/01\/share-current-market-conditions-for-real-estate-in-nigeria\/","url_meta":{"origin":108,"position":1},"title":"Share current market conditions for real estate in Nigeria","date":"January 26, 2023","format":false,"excerpt":"As a result of the current economic conditions in Nigeria, the real estate market has been subject to significant change over the past year. The effects of this on land buyers can be both good and bad depending on the market conditions at the time of purchase. Prices for land\u2026","rel":"","context":"In &quot;Lands&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2023\/01\/Rolex-Homes-logo-10-300x300.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":105,"url":"https:\/\/www.rolexhomes.com.ng\/blog\/2022\/10\/independence-day-and-investment\/","url_meta":{"origin":108,"position":2},"title":"INDEPENDENCE DAY AND INVESTMENT","date":"October 1, 2022","format":false,"excerpt":"Every 1st October Nigeria celebrates her independence which took place on the 1st October 1960. It's a time where Nigeria and Nigerians celebrate freedom from colonial rule. Investing in real estate is one of the most lucrative ways to make money in Nigeria. though capital intensive, it boasts of huge\u2026","rel":"","context":"In &quot;Lands&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/10\/INDE-300x300.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":130,"url":"https:\/\/www.rolexhomes.com.ng\/blog\/2023\/01\/castlemore-estate-orofun\/","url_meta":{"origin":108,"position":3},"title":"Castlemore Estate Orofun","date":"January 11, 2023","format":false,"excerpt":"We are living in a non-egalitarian society, a situation whereby the gap between the rich and the poor is so large. The Nigeria economy in the past years focused more on consumption as against investment, Investment is the only way a country can attain development stage. The level of growth\u2026","rel":"","context":"In &quot;Lands&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100,"url":"https:\/\/www.rolexhomes.com.ng\/blog\/2022\/09\/good-return-on-investment\/","url_meta":{"origin":108,"position":4},"title":"GOOD RETURN ON INVESTMENT","date":"September 22, 2022","format":false,"excerpt":"We are living in a non-egalitarian society, a situation whereby the gap between the rich and the poor is so large. The Nigeria economy in the past years focused more on consumption as against investment, Investment is the only way a country can attain development stage. The level of growth\u2026","rel":"","context":"In &quot;Lands&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2022\/08\/castle-more-300x300.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":250,"url":"https:\/\/www.rolexhomes.com.ng\/blog\/2023\/02\/land-for-sale-in-castlemore-estate\/","url_meta":{"origin":108,"position":5},"title":"Land For Sale in Castlemore Estate","date":"February 14, 2023","format":false,"excerpt":"It is no secret that the real estate market in Nigeria has been struggling in recent years. However, there are still opportunities for those looking to buy land in the country. The first thing to understand is that the real estate market is cyclical globally. This means that there are\u2026","rel":"","context":"In &quot;Lands&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.rolexhomes.com.ng\/blog\/wp-content\/uploads\/2023\/02\/WhatsApp-Image-2023-02-13-at-10.48.58-AM-300x300.jpeg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/posts\/108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=108"}],"version-history":[{"count":1,"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/posts\/108\/revisions"}],"predecessor-version":[{"id":109,"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/posts\/108\/revisions\/109"}],"wp:attachment":[{"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rolexhomes.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}