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OIL AND REAL ESTATE
Manage episode 355987659 series 3289045
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With an economy almost running on just oil generated revenue, fluctuations in other sectors to a large extent will mirror that of the oil sector. 90% of Nigeria's exports are oil based, 70% of government revenue is from crude oil sales. In 2016, the country was the 15th largest oil producer in the world, it has the 11th largest oil reserve and 9th largest natural gas reserve in the world. In this podcast episode, I expressed my thoughts on subsidy, public infrastructure, external reserves, exchange rate, purchasing power, inflation and how they all combine to affect real estate held in their sphere of influence.
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