NGExperts in Nigeria's real estate sector have warned that the ongoing Iran-US crisis is causing increased construction costs, project delays, and other challenges. During a webinar organized by the International Real Estate Federation-Nigeria and Fortren & Company, industry leaders discussed how the crisis has led to rising material costs, buyer hesitation, and extended decision-making processes. Mr. Gbenga Olaniyan noted that price fluctuations from 2022 to 2025 were unprecedented, attributing some of the changes to panic rather than actual demand shifts. He highlighted that buyers are delaying purchases and seeking joint ventures to mitigate risk. CEO of Eximia Realty & Co, Ogunniran Hakeem, linked these issues to broader global supply chain disruptions, including those caused by the COVID-19 pandemic and the Russia-Ukraine war.
Bias read (Center): The article presents a balanced analysis of the impact of international geopolitical tensions on Nigeria's domestic economy, focusing on expert opinions without overtly favoring any political ideology. It reports on the effects of external crises on local industries without taking a clear stance on谁
