According to United NationsHigh Commissioner for Refugees (UNHCR), over 3.2 million people are displaced, including about 2.9 million internally displaced persons (IDPs) in north-eastern Nigeria. UNHCR said $848 million (N259, 488, 000, 000) is needed to provide basic amenities such as water and shelter to the most vulnerable people inside Nigeria. Specifically, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) recently sounded the alarm on the state of insecurity. However, feelers from the property market in the regions, especially northeast show that insecurity has affected real estate development (investment) in both negative and positive ways. The population shift spiked real estate prices and helped dealers make major financial gains.

Source: The Guardian March 15, 2021 04:37 UTC