Diversify Source of Income, Invest in Canadian Real Estate, Expert Tells Nigerians

Blessing Ibunge in Port Harcourt

An investment expert, Mr. Andrew Enofe, has urged Nigerian investors and businessmen to diversify their funds by taking advantage of the lucrative Canadian real estate sector.

Enofe, who is the Chief Executive Officer of Golden Gate Investment made the call while speaking with journalists shortly after a meeting with potential investors and businessmen in Port Harcourt.

He said the stable Canadian economy and low inflation rate gives it an investment destination edge for most people seeking to diversify their funds.

He held that investing one’s funds in one country’s economy could be risky as an economic policy could wipe it off and render the investor handicapped, hence the need to diversify and look into other economies.

Enofe called on participants at the meeting to consider investing in an economy where their capital would be secured abroad while plowing back same into the Nigerian system.

He explained that through the company’s facilities, Nigerian investors who wished to take advantage of the Canadian real estate sector can do that using their private funds, private mortgage funds, or real estate funds amongst others.

He said: “We’re opening doors of opportunity for investors to invest in the Canadian real estate market. You can either invest in the private funds, private mortgage funds, or real estate funds, or perhaps you want to have immigration pathway for yourself and family to come to Canada.

“There is currency devaluation, there is inflation, strong inflation in Nigeria compared to Canada that is about 2% or 3% and Nigeria is about 18%.

So those living in Nigeria that invest in Nigeria, that wants to use the funds in Nigeria is great. “But what I’m telling you is that, diversify your funds, invest in a stable economy so that you can have the return back to Nigeria and spend it on whatever you want to spend it on and your capital is safe and secure; and this is the advice I give to Nigerian businessmen,” he added.

Asked how investing in Canada would improves Nigeria’s economy, Enofe said his company has over 15 years of experience in the Canadian market.

“We’re taking the capital, we’re improving the money, we’re improving it in terms of investing in Canada, then bring the returns back to Nigeria and spending the returns in Nigeria. But your initial capital is still intact”.

Some investors at the meeting including Mr. Calvin Ezenwajiaku, managing director of Kenchez Nigeria Limited and Oyibe Ifeanyi, Director, EI Johnson Nigeria Limited, expressed satisfaction at the investment packages reeled out by the company.

“I’m okay with it because I’m also an investor as well. If they’re able to maintain it according to what they have said, I will encourage a lot of people to join them,” Ifeanyi said.