New Homes Business: The Key To Job Creation Along With A Much Better Market In Nigeria

New Homes Business: The Key To Job Creation Along With A Much Better Market In Nigeria

At her recent swearing in as Finance Minister for Meaning Of Nigerian Flag the second time around, Ngozi Okonjo-Iweala reportedly declared, "I 'm here to create jobs." That is music to the ears of most Nigerians, including the staggering and reported 40 million job-seekers and those that know that insufficient employment is an important contributor to the high crime wave in all corners of our Motherland. Together with passage of indigene law, Nigeria will cultivate deeper home roots and policies capable of ameliorating sectarian crimes, for example the ones that regularly occur in Jos and other portions of our "One Nigeria".

I comprehended Mrs. Iweala's "I 'm here to create occupations" remark to mean that she'll work hard to create an economic environment that's conducive to the private sector creating good paying jobs for Nigerian citizens and immigrants. I will keep coming back to why the "immigrants" part is important to Nigeria's development and prosperity.

It won't be easy!

President Goodluck Jonathan must be commended for the heightened emphasis he appears to be according to the progress of the economy in Nigeria. I hope both Finance Minister and the President triumph for the good of Nigerians, until I find measurable results even as we support just their worthy efforts, but like many Nigerians, I'll hold further compliments. Nigerian history is filled with false starts and wasted chances.

However, the Minister and the President cannot and should not be likely to do everything by themselves. Nigerians give to worthy causes of any administration and should get all hands on Naija news now deck. The employed and both job seekers must have strong work ethics and offer exceptional services that make their companies' businesses stay in business for a long time and prosper so they could hire more people. As if it were his or her dad's business, every worker should work it.

In the world's more efficient economies, the private sector is the motor of growth and job development. Nigeria will not want more government or public sector jobs. Sustainable private sector workers are needed by it.

This and every administration ought to be vocally criticized when they pursue the agenda that was incorrect. That is great and constructive for all. Each administration ought to be judged by how it improves the lives of the folks in the short and long run with the individuals maintaining their obligations along the way too.

For the very first time I wrote to Nigerian President in May 2011 to request him to place development of the new housing industry in Nigeria for the betterment of all at the top of his economic agenda. I said the possible externalities of the newest home industry for the Nigerian market. In that missive, I expressed my willingness to give to that effort. I made it clear that I neither seek any monetary/political benefit nor do I want to return to Nigeria permanently any time soon.

Being content in America doesn't preclude me (or others) from making excursions to Nigeria (at personal expense) to help organize seminars and tours for training Nigeria's budding homebuilders wishing to master the American new home approaches. Certainly, I don't have all the replies but since this is my enthusiastic profession (new dwellings) here in America, it's my wish to give back by giving the little I know to new homes development in our beloved Nigeria.

I respect Mrs. Iweala's choice to return to Nigeria to serve. I believe she'll perform nicely in her encore as Finance Minister. After being at the top of the livelihood of one overseas for many years, it may be rough to uproot the family of one. Returning home to work in Nigeria and leaving one's family abroad is a heavy obligation also, regardless of how much one gets there.

Nigerians inside as well as outside the nation should value those that go down this route to help, and never to loot the coffers. The leaders who request these professionals to come back to their birthplace commended and needs to be recognized based on favorable results, not lip services.

It was reported that President Jonathan recently Naij Newspaper formed the National Economic Management Team (NEMT) to spearhead his Nigerian Food Near Me economic program. The names and agencies that make up the team seem remarkable. Bureaucratic inertia is not enabled to engrain, and if egos are checked at the door, monumental good can come from this team. Nigerians everywhere have been waiting for the "coming" to come.

It's going to be to the welcome credit of all the NEMT members and the Jonathan administration if they achieve actual success. Nigerians should be cautiously confident.

Contrary to what some at home may think about those of us we all need Nigeria to enhance. We want to get the feasible substitute for return to Nigeria. We hunger to give our share to the creation of our Motherland. We should take our kids to Nigeria to show them how free and excellent life can be there, not only to show them how good they have it here foreign. All of us love Nigeria (also), maybe, more than Nigeria adores us!

Authentic Nigerian professionals abroad are not swayed a number of years ago by the previous administration's "Clarion Call" to return home, because that was perceived as a rudderless call. Nigeria has disappointed so a lot of its own people so many times that the few who've found greener pastures abroad WOn't be readily lead into the lion's lair again. Footprints pointing inward without any footprints coming out are seen by them; and they know that those who entered were consumed by the starving lion in the den.

It truly is heartbreaking when loved ones in Nigeria firmly urge their folks abroad not to return home due to the states there. It damages each time I stay in The Us: discover that warning , nor return. Content Nigerians abroad do not see any glamour in riding around in armored vehicles at insane rates with deafening sirens blaring, as are commonly the cases when the lowest ranked individuals in the government move around town back home.

All is affected by lack of secure electricity, security, adequate healthcare, and poor roads. Being unable to jog or ride your bike ten miles down the street without fear of being run over, kidnapped, bombed, or robbed are very depressing states of affairs in Naija Nigeria News Desk.

Some Nigerians in Diaspora do not find it enticing to have helpers for chores they are used to doing themselves. For the creation of good jobs be endured in Nigeria and to take off, both the leaders and also the people should think about the following:

1. Cultivating the Real-Estate business via private and public sectors venture.

2. Enforcing and passing the Indigene law, which makes state or any city where one lives for 6 or more consecutive months one's new residence with equal and full rights.

3. Enforcing Federal, State, County, City, Property, and Sales Tax laws; no sacred cows. Waste and corruption will be curtailed when authorities are funded by taxes paid by the masses. Looters would be castigated in public squares should they embezzle taxpayers' hard earned money. Stealing oil money is one thing; snitching tax revenue is an entirely different question.

4. Locally controlled schools have to be reorganized and administered. Parents should be prepared to cover the actual expense of training their kids. Schools needs to be rated and the scores made public, so failing schools are closed and teachers retrained.

5. Every Nigerian should turn into a stakeholder with total responsibility and power to be steward of the country and the community. We must not allow foreign oil companies to pollute and ruin our environment with impunity.

6. Citizens and immigrants should be ready to pay for and defend the system or rule of law.

7. We should set the groundwork for a network of radio, television, and print media to end up being the people's vanguard.

8. We have to commence the much discussed national identification plan to track and maintain records of behaviours as well as individual activities. This is not a basis for commerce and responsibility, although a police state thing, just like the American Social Security Number system.

9. Decentralize and privatize distribution and electric power generation.

10. Decentralize police and other law enforcement agencies as they can be whose system of government we aspire to emulate.

The Chief Executive Officer of DN Meyer Plc, Bola Olayinka, says that "Available statistics show that Nigeria is bedeviled with a housing shortfall of about 17 million, hence requiring 50 years to bridge the difference." Just what a goldmine! Any country would be glad to have the opportunity in home that Nigeria has. NEMT should make single family housing a top priority.

For the reader who doesn't know much regarding the housing industry, allow me to take a couple of moments and scratch the surface with this critically important economic powerhouse; pun intended.

Some economists consider the American economy, and to a greater extent the global economy, will recover just after the U.S. Home market recovers. Housing is the fact that critical. In 2008, America's National Association of Home Builder (NAHB) estimated that the economic impacts include the following:

-- 3.05 jobs and $89,216 in taxes (from building an average new single family home).

-- 1.16 jobs and $33,494 in taxes (from constructing an average new multifamily rental component).

-- 1.11 occupations and $30,217 in taxes (from $100,000 spent on residential remodeling).

As used here, taxes are shorthand for government revenue from all sources, including building-related fees levied by local governments.

I know that average American houses cost more than typical Nigerian dwellings, yet, due to amenities, styles, automation, and technology constraints, more workers are expected to establish a house in Nigeria. For the sake of the argument, let's presume it's going to require the exact same quantity of workers to construct the Nigeria home that is typical. Using the 17 million housing units shortage and 3.05 occupations per house figures, Nigeria could create 51 million jobs in a hurry and achieve full employment.

The World Bank estimates there are 40 million unemployed Nigerians. Single family home company alone is effective at treating the unemployment problems in Nigeria. I understand this a simplistic perspective but this is a realistic one. Home may also create a great deal of indirect occupations like:

1. Police Officers

2. Fire fighters

3. City inspectors to manage construction codes conformity

4. Etc., waste and water water professionals

The economic externalities are never-ending, and so will be the societal benefits.

After people buy new homes, they go on to buy refrigerators, curtains, stoves, and each of the home's furnishings. These spending sprees create more demand for services and goods, and even more occupations.

Immigrants ought to be motivated to dig in roots in Nigeria. When they do, they become givers instead of merely takers. Immigrants have empowering and unique possibility to boost society. When adopted, immigrants enrich the sponsor country socially, culturally, financially, academically, and also other shrewd... Simply consider the nation of immigrants known as the United States of America.

There are many more societal advantages to home ownership than meets the eye. In almost any society, you'd be hard pressed to locate homeowners causing issues that decrease their property values. Homeowners pay more in taxes and work harder to earn money to pay their bills and maintain their neighborhoods. They quickly end up being the middle class backbone on which a stable and affluent society is developed. Nigeria needs a feasible middle class as fish need water and humans oxygen.

In case the mortgage business is expanded in Nigeria, more individuals will probably have the ability to buy homes on payment terms that may spur more lending and banking activities. In the aftermath of those economic activities could be more high paying jobs for everyone.

However, Nigerian home buyers must understand and be accountable for their side of the borrowing company. Should you miss as few as two payments, you'll be due for damaged credit history late payment fees and foreclosure and eviction: No alibis. You kidnap or do not shoot the bank manager because you lost your home via foreclosure.