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10 Businesses That Will Suffer Under Buhari's Regime - Politics - Nairaland

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10 Businesses That Will Suffer Under Buhari's Regime by Dioxidane: 10:19pm On May 14, 2015
1. Real Estate: Corruption influenced the high rise in the value of property in Nigeria. An area is mapped out and once politicians pick interest in the area, the value of property rises rapidly for no reason. Land that is worth 1.5m, the moment a politician comes and buys for 10m and
starts building a mansion, every other land owner in the
area starts selling from 10m upwards. The same goes for
buildings. A politician sees a house he or she likes, the seller increases the price by 10 and the politician buys. Then every other property around the area is on the rise. As the new administration takes over, politicians will reduce their
spending. They will now be more interested in managing
their loot wisely and no more buying properties anyhow for
themselves and their girl friends, because they wont have
access to funds to steal. This will affect the sales of property,
as there will be more properties for sale and less buyers.
Even the politicians who are the target of estate investors
will have to sell theirs to maintain their life style. Remember
they have drivers, cooks, security and kids who are studying
abroad. People who have raw cash, will buy properties for
less than the actual value. A house that is selling for 20m can be bought for 10m. Because the true value of the land in those areas will surface. When you call unimaginable prices for properties, even the politicians will ignore you.

2. Contractors: The budget of the ministry of works has been slashed by more than 50%. This means that fewer roads and houses will be built. Maintenance will even be reduced as the budget would hardly pay salaries. So contractors will have to find an alternative source of funding.

3. Interior decor and Furniture: As politicians invest less in property and govt. invest less in housing, there will be less houses to furnish. Those importing expensive furniture that they sell to the government at inflated prices will reduce the stock they order, before they end up using it themselves.

4. Rental services: This involves businesses that rent
different types of equipments. Tractors, bulldozers etc. With
fewer contracts awarded, who will rent the equipments?
Even those who are into rental of events materials, like chairs and canopy are not left out. Politicians and those who
benefit from the corrupt system will go low key. So if they
used to rent 10000 chairs and canopies during events, they
might cut it down to 2000 now. They are no longer in power
so they now spend from their pocket and not that of the government. Those newly elected wont see so much money either like the previous administration .

5. Event Planners: Those involved in event management, who plan big events and make millions from the government and politicians will also feel the heat because Buhari is known to be very frugal.

6. Hospitality Industry: They will be affected seriously
because gone are the days when politicians will want to sit out and have fun. They will find one name and call the meeting, taking up all the rooms in a hotel, eating everything with women from the purse of the government. There will be less of such extravagant spending. Politicians that used to go around with about 10 girls and stay in the most expensive rooms, would opt for cheaper alternatives.

7. Car dealers: They will feel the heat. Imagine calling a politician who use to buy 10 pieces latest mercedes cars to give out to people, and he tells you to help him find buyer for the one you sold to him the last time, that he needs the money. There will even be less escort cars, as politicians who used 20 hilux cars might limit to 2 or 3.

8. Runz Girls: Heavily patronized by politicians, the era of Buhari will most likely see them have less clients as
politicians will be careful not to live ostentatious lifestyles.

9. Human Hair Dealers: Anything that affects politicians also affects runz girls, and anything that affects runs girls will also affect human hair dealers. So you have to find alternative and more economic hair because the runs girls have tighter budget now.

10 .Boutiques: Those selling real expensive stuff will feel it too. As the politicians will be more interested in their children
s school fees abroad, diesel for generator 24hrs, maintenance of the luxury houses they live in more than clothes.


Culled from an update on Facebook...
Re: 10 Businesses That Will Suffer Under Buhari's Regime by tit(f): 10:51pm On May 14, 2015
this means that south africa will overtake nigeria again as the biggest economy in africa!
na them send this babaonechance to come spoil work?
Re: 10 Businesses That Will Suffer Under Buhari's Regime by marjson(m): 10:53pm On May 14, 2015
I hope so.
Re: 10 Businesses That Will Suffer Under Buhari's Regime by sammyj: 10:56pm On May 14, 2015
Oil marketers of GEJ administration! !! grin
Re: 10 Businesses That Will Suffer Under Buhari's Regime by sammyj: 10:56pm On May 14, 2015
Oil marketers of GEJ administration And corrupt politicians !! grin

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