Unless the government deliberately sets about injecting money into housing development and other construction activities to boost the economy, 2013 construction landscape will be as dull as that of 2012. Nigeria’s construction sector has almost ground to a halt along with its real estate market that is suffering an unprecedented glut. As much as experts want to be optimistic about the market’s prospects this year, most still believe that an economic recovery is required for buoyancy to return to the property market, writes BENNETT OGHIFO Players in the nation’s construction and housing sector are simply treading water to keep afloat. The situation is so frustrating that everyone is awe-struck, and has taken the wind out of the sail of real estate brokers who find themselves in a binder over the economic downturn. The property market closed last year with sector operators hoping there would be some slight improvement in the market at the dawn of the New Year. Instead, the supply of un
Rullion Associates Limited (RAL) is a Business Advisory and Real Estate Company. RAL has vast experience and in-depth knowledge in providing business advisory services to local and multinational companies from different industries and of various sizes and complexity.