News
Effects of Hyperinflation on Nigeria’s Real Estate
By Dennis Isong
Definition of Hyperinflation: Hyperinflation is an extremely rapid and out-of-control increase in prices, often exceeding 50% per month. Unlike regular inflation, which is a normal rise in prices over time, hyperinflation involves a collapse in the value of currency, causing prices of goods and services to skyrocket.
This economic phenomenon severely erodes the purchasing power of money, leading to a loss of confidence in the currency and creating chaos in the economy.
Causes of Hyperinflation Several factors can trigger hyperinflation, including:
1. Excessive Money Supply:
When a country prints an excessive amount of money without corresponding economic growth, it can lead to hyperinflation.
This often happens when governments finance large budget deficits by creating new money.
2. Loss of Confidence in the country’s legal tender: If people lose confidence in a currency’s value, they may rush to spend it quickly, leading to rapid price increases.
3. Demand-Pull Inflation: When aggregate demand in an economy persistently exceeds aggregate supply, it can cause prices to rise uncontrollably.
4. Cost-Push Inflation: Increases in the costs of production (such as wages and raw materials) can lead to higher prices. If this happens on a large scale, it can contribute to hyperinflation.
5. Exchange Rate Depreciation: A sharp decline in the value of a country’s currency compared to others can make imports more expensive, fueling inflation.
Effects of Hyperinflation on Nigeria Real Estate
Hyperinflation has profound effects on Nigeria’s real estate sector: 1. Value Erosion: Hyperinflation erodes the value of money, making it difficult to preserve the value of real estate investments. Property owners may find that the real value of their assets decreases over time, even if nominal prices increase.
2. Investment Deterrence:
The uncertainty and instability caused by hyperinflation deter both domestic and foreign investment in real estate. Investors seek stable environments, and hyperinflation creates too much risk.
Nigerians in the diaspora can influence the real estate market by buying properties, driving demand, and potentially stabilizing prices in certain segments of the market.
3. Construction Costs:
The costs of building materials and labor can skyrocket during hyperinflation, making new construction projects prohibitively expensive. This leads to a slowdown in real estate development.
4. Rental Market Impact:
Rent prices can become highly volatile. Landlords may struggle to set rents that keep up with inflation, while tenants may find it increasingly difficult to afford housing.
5. Financing Difficulties:
Hyperinflation disrupts the lending market. Banks may be unwilling to issue long-term loans, and interest rates can become extraordinarily high, making mortgage financing unaffordable for many potential homeowners.
How it Affects Nigerians in the Diaspora Positively While hyperinflation brings significant challenges, it can have some positive effects for Nigerians in the diaspora:
1. Investment Opportunities:
Nigerians living abroad with access to stable foreign currencies can find investment opportunities in the domestic real estate market.
As local property values plummet in real terms, diaspora Nigerians can purchase properties at relatively lower prices, potentially yielding significant returns if and when the economy stabilizes.
2. Remittance Value:
Remittances sent back to Nigeria by diaspora Nigerians can gain substantial value. As the local currency depreciates, the foreign currency received through remittances can go much further, enabling recipients to buy more real estate or other assets.
3. Support for Family and Community:
Diaspora Nigerians can provide crucial financial support to their families, helping them cope with the economic turmoil. This support can include funding for housing, which becomes more pressing during hyperinflation.
4. Market Influence:
With increased purchasing power, Nigerians in the diaspora can influence the real estate market by buying properties, driving demand, and potentially stabilizing prices in certain segments of the market.
▪︎Dennis Isong is a TOP REALTOR IN LAGOS.
He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE.
For Questions WhatsApp/Call 2348164741041.
News
Niger Speaker Lauds Army, DSS, and Security Agencies for Successfully Dislodging Bandits in the State
Speaker of the Niger State House of Assembly, Rt. Hon. Abdulmalik Mohammed Sarkin-Daji, has commended the Nigerian Army, the Department of State Services (DSS), and other security agencies for what he described as remarkable successes recorded against bandits in Mariga LGA and parts of the Niger North senatorial district of the state.
The Speaker described the operation as a major breakthrough in the fight against insecurity in the state, noting that the bravery, professionalism, and commitment demonstrated by the security personnel resulted in the death of several bandits, while others were successfully arrested by the security agencies.
The Speaker’s commendation was contained in a statement issued on Sunday by the Assembly’s acting head, Directorate of Media and Public Relations, Mairo Adamu Mani.
The Speaker “stated that this decisive action has greatly weakened the activities of criminal elements in the affected areas and restored confidence among residents who had lived in fear for a long time,” noted the statement.
“Rt. Hon. Abdulmalik Mohammed Sarkin-Daji further praised the tireless efforts of the security agencies, especially special forces and DSS operatives, for their continuous sacrifices in protecting lives and property across Niger State and Nigeria at large.
The statement quoted the Speaker as commending the joint clearance operations by the Army and the DSS, which he said was based on intelligence, and resulted in the rescue of over 70 kidnapped persons in the state.
“He acknowledged the risks involved in such operations and expressed deep appreciation to the officers and men who put their lives on the line to ensure peace, stability, and the safety of citizens, especially in vulnerable communities.
“The Speaker assured the security agencies of the unwavering support and cooperation of the Niger State Government, emphasizing that the state will continue to provide all necessary assistance to strengthen security operations,” further stated the Assembly spokesman.
Niger state government, remarked the statement, “remains fully committed to working closely with all security stakeholders to ensure that the lingering challenges of insecurity are completely addressed and brought to an end.
“The Speaker “also appealed to all Nigerlites to remain calm, vigilant, and law-abiding, assuring them that the government considers the security of lives and property as its topmost priority.
“The Speaker encouraged residents to continue to support security agencies by providing credible and timely information that will aid ongoing and future operations aimed at sustaining peace and stability across the state,” the statement declared.
News
President Tinubu Celebrates Fela Kuti’s Historic Posthumous Grammy.
President Bola Ahmed Tinubu has hailed the posthumous conferment of the Grammy Lifetime Achievement Award on Afrobeat pioneer Fela Anikulapo-Kuti as a landmark recognition of African musical excellence and cultural influence.
In a personally signed statement issued today, the President described the honour bestowed by the Recording Academy during the Special Merit Awards Ceremony in Los Angeles on January 31 as a historic first for an African artist.
“The world of music has honoured a giant: Fela Anikulapo-Kuti,” President Tinubu declared. “Fela was more than a musician. He was a fearless voice of the people, a philosopher of freedom, and a revolutionary force whose music confronted injustice and reshaped the global sound.
“The award, presented alongside other legends including Whitney Houston, Cher, Chaka Khan, Carlos Santana, and Paul Simon, marks the first time an African musician has received this prestigious Lifetime Achievement honour.
Fela’s family, including children Yeni, Kunle, Shalewa, and Femi Kuti, accepted the award on his behalf.President Tinubu emphasized Fela’s enduring legacy, noting that his courage, creativity, and conviction not only defined a generation but continue to inspire artists, activists, and audiences worldwide.
Invoking Yoruba cultural reverence, he added: “In Yoruba mythology, he has transcended to a higher plane as an Orisa. He is now eternal.
“The President highlighted Fela’s creation of Afrobeat a powerful fusion of African rhythms, jazz, funk, and highlife infused with sharp social and political commentary and its profound impact on contemporary music.
“He defined Afrobeat, and you can hear and see his influence in generations of Nigerian musicians, in the global rise of Afrobeats, and far beyond,” Tinubu stated.
He described the Grammy recognition as “an affirmation of his enduring global influence and the foundational role he has played in the evolution and impact of Africa on modern music.”
This latest honour builds on prior accolades, including the 2025 induction of Fela’s seminal 1976 album Zombie into the Grammy Hall of Fame.
Nearly three decades after his death in 1997, Fela’s music and activism remain a symbol of resistance and cultural pride. President Tinubu’s tribute underscores national pride in the icon’s global validation.
News
Tinubu returns to Abuja from Ankara State Visit
President Bola Ahmed Tinubu has returned to Abuja after concluding a successful state visit to Türkiye, where he held high-level talks with President Recep Tayyip Erdoğan and signed multiple bilateral agreements.
The President arrived in Abuja on Saturday evening, January 31, 2026, around 8:30–8:55 p.m. local time, following his departure from Türkiye.
Tinubu departed Abuja on Monday, January 26, 2026, for the state visit to Ankara, Türkiye’s capital.
The trip focused on strengthening Nigeria-Türkiye relations in areas including trade, defense, security, energy, education, media, and technical cooperation.
Key highlights included the signing of nine Memoranda of Understanding (MOUs), aimed at boosting economic ties, defense collaboration (including potential training for Nigerian Special Forces), and a targeted increase in bilateral trade volume. Both leaders described the engagements as ushering in a “new era” of strategic partnership.
The visit drew public attention, including an incident during the official welcome ceremony in Ankara where President Tinubu briefly stumbled but continued without issue, with aides confirming he was in good health.
Upon his return, focus now shifts to implementing the signed agreements, including the activation of joint committees on trade and other sectors.
The Presidency has emphasized the visit’s role in advancing Nigeria’s diplomatic and economic interests on the global stage.
Watch video below:
-
Business3 days agoNigeria’s economy may be back from the brink — The Economist
-
News3 days agoWike begs court to jail striking FCTA Workers
-
Politics3 days agoINEC Recognises Nenadi Usman-Led Caretaker Committee as Authentic Leadership of Labour Party
-
International3 days agoSouth Africa kicks out Israel’s ambassador Ariel Seidman
-
Politics3 days agoAPC extends electronic membership registration to February 8
-
News3 days agoFour beheaded in Ebonyi communal clashes
-
News3 days agoICPC Appoints Okesanjo Resident Consultant for Strategy, Communications
-
Politics3 days agoCourt Nullifies PDP’s Ibadan National Convention, Affirms Caretaker Committee
