Nigeria is considered by many to be one of the countries sliding into economic recession. This is a period of general economic decline and is accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. However, some who have a contrary opinion believe that the government is using an economic policy referred to as Strict Monetarism. It is an economic policy where the government uses its money to control goods and slow down economic growth and development on a wrong premise.

It is a known fact that recently in Nigeria, because of the harsh economic state of the country, there is an alarming rate of unemployment, big and small businesses folding up, sectors and organizations reducing their staffs, even foreign investors are withdrawing from Nigeria. Withdrawer by foreign investors is understandable and expected. This is because foreign investment has an element of risk especially for countries with an uncertain political situation and economic crises because these factors are major deterrents that can frustrate and discourage investors.

Despite all these loopholes and risk of investment especially for foreign investors in this period of the country, it amazes me that foreign investors are investing massively in Nigeria especially in real estate and landed property in the Ibeju-Lekki part of Lagos state. What really caught my interest is the fact that even in the country’s economic crisis and recession; big multinational companies are still investing in Nigeria. Now the big question is WHY?

Before we discuss “the WHY”, let us first take a quick look at what recession means to different investors, as this will drive home the point WHY investors will want to invest in a country facing an economic crisis and recession.

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