Crisis Induced Internal Displacement: The Implication on Real Estate Investment in Nigeria

Abstract

This article examines the effects of crisis induced internal displacement of persons in Nigeria on real estate investment decision among the displaced. Samples of the displaced persons were drawn from Ekiti, Ogun, Ondo, and Oyo states in the South-Western zone of the country through snowballing process and data collected were analysed descriptively and inferentially. Findings indicate that 78.03% of respondents no longer consider it worthwhile, the investment/re-investment in the crisis zones for fear of losing their investment. Paired sample t-test indicates there is general decline in the income of the respondents after the displacement incident and also a significant difference in the scores for rental income before (M=92,595, SD=63594.84) and after (M=74,703, SD=53269.16) displacement conditions; t=-7.277, p = 0.000. The paper recommends among others that governments at all levels should intensify efforts towards curbing the menace of crisis in the country. This may be made possible through integration of local communities in providing security in their domains.

Keywords:Internal- Displacement, Real Estate, Investment, Nigeria