Firm targets diaspora investments in real estate sector
To bridge the gap between the real estate developers and potential investors, a Nigerian firm has taken a bold step to attract investment outside the country.
The firm, T.A.G Nigeria Limited plans to stage an exhibition - TAG EXPO 2017 in Houston, Texas, United States of America (USA) and London, United Kingdom (UK) in June, targeted at giving Nigerians in diaspora the opportunity to invest in property back home.
Speaking at the TAGEXPO 2017 yearly Stakeholders Breakfast session in Lagos, the Chairman, T.A.G Nigeria Limited, Mr. Francis Efoechoku, lamented that Nigerians in diaspora lacked the basic knowledge on investable opportunities of the sector in the country, hence, the need for the exhibition.
With the theme, “Meet, Invest, Secure”, he stressed that the fair also provides an opportunity for stakeholders in the Nigerian real estate market to network with Nigerians in the US and UK with tailor-made property and real estate solutions that would suit the needs of the citizens in the Diaspora.
“At TAG Nigeria, we are interested in ensuring that our investors in the diaspora meet developers, invest in the property and have their investments secured.
Also, the diaspora remittance to Nigeria in 2016 was put at 35 billion dollars, TAG Nigeria, is therefore determined to assist the real estate developers in Nigeria to maximally benefit from these diaspora billions as well”, he reiterated.
In his presentation, the Chief Marketing Officer T.A.G Nigeria, Mr. Michael Ejoh, stated that the platform provides real estate developers an opportunity to display unique housing products and solutions to this target market.
“The concept behind the creation of this platform is the ever increasing database of Nigerian professionals, collated over the course of our real estate advisory services, who are now seeking to invest in the Nigerian real estate.