Why infrastructure is critical to economic viability of states – Expert

A real estate expert, Dr. John Edumoh has urged the federal government to expand its infrastructure development projects in order to boost economic viability of states.

Edumoh, who is the Chief Executive Officer of Manroe Realty Limited, noted that “The Nigerian government’s focus on major infrastructure projects, including the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, are key projects promises to significantly enhance connectivity across 16 states.

“This is because improved infrastructure is the backbone of real estate development. As access to previously remote areas improves, we expect a surge in demand for residential, commercial, and industrial properties. These projects are not just roads; they are lifelines that will open up new markets and opportunities.” he explained.

Speaking on what the real estate firm is doing to boost economic growth, he said “The strategic positioning of Manroe Realty allows the company to tap into these emerging markets, offering investors and homeowners new opportunities.”

He further stated that the government’s Renewed Hope City and Estate project, aiming to construct 100,000 housing units nationwide, presents an opportunity for the real estate sector growth as it has investment prospects across the country and beyond.