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The Safety Of Investing Back Home While Abroad

The Safety Of Investing Back Home While Abroad

George Moore, an Irish writer, in one of his notable quotes, said, “A man travels the world over in search of what he needs, and returns home to find it.”

Home is the foundation of human racial identity. It is the returning point. The world at large has witnessed massive migration. According to the 2016 Yearbook of Immigration Statistics, the United States admitted 1.18 million legal immigrants in 2016 (https://bit.ly/1llb5CZ). In a statement by Sadiya Umar Farouq, the erstwhile federal commissioner, National Commission for Refugees, Migrants and Internally displaced Persons (NCFRMI) in Nigeria, at the National Consultation on Global Compact for Safe, Orderly and Regular Migration held on the October 19, 2017 in Lagos. She declared that more than 17 million Nigerians are currently living in various countries in the world.

The issue of migration has made indigene identity inevitable. The word ‘foreigner’ is being featured more in traditional and new media. Loud marginalization and obvious discrimination has followed the growing migrant population in the world. With upping numbers of migrants daily, the issue of identity becomes a prevalent discourse around the globe. Recently, violence was heated in the course of identity crisis in South Africa. The xenophobic attack heightened at an alarming rate. African foreigners were the target of these xenophobic attacks in South Africa, properties and lives were claimed by this violent display.

The raging fierceness of the xenophobic attacks has forced many Nigerians who live and work in South Africa to return home; evidence of George Moore’s quote, “A man travels the world over in search of what he needs, and returns home to find it.” Sadly, very few of these returnees have a home in Nigeria. Majority of the returnees are left with the meagre provisions made by the Nigerian government. Shifting attention away from the nasty experiences, the issue of reacclimization becomes a source of worry for the returnees. It is appalling to see how unpreparedness has caught up on the majority of returnees who have no property or home in Nigeria.

Why didn’t they build or buy a property while they were away, one might ask?

Planning

Inadequate financial plans and procrastination have caused delays, in the execution of building projects for some Nigerians who live outside the country. Many people fail to plan at the period of their fortune.

Finance

The financial incapacity of some of these returnees cannot be denied. Unavailable funds required in mobilizing the immediate resources in starting a project may have detracted them from building.

Monitoring

Risk of entrusting project to a friend/relative to oversee in absentia is too high, hence, the fear of building. Lack of trusted and experienced monitoring agent has also caused many to abandon the idea of building or buying property in absentia.

Nevertheless, all of these reasons are not enough to detract from building. There are available services to cater to these limitations. Real estate firms that support installment payment for building properties are now available. This eliminates the excuse of planning and finance. Ignorance of neutral project monitoring agents has caused some to abandon the idea of building. With the advent of project monitoring firms, projects can be monitored professionally. LuvanexBuilds monitors projects professionally for people that are away from Nigeria. LuvanexBuilds stands as a neutral party to oversee the project and give detailed reports and updates on the progress of the project.

Do not wait for another uproar of violence before you think about owning a HOME in Nigeria.

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