Currency speculators vs Land speculators

Q: Dollar is rising in the parallel mkt, why?

A: Speculators are holding dollar expecting it to Increase, so they can convert it to Naira and make cool profits.

Effect : Dollar - Naira Exchange rate keeps Increasing!

Solution: CBN bans inflow of dollar(cash) into domicilary account. So the dollar becomes gradually worthless in d hands of d speculators.

Result : Fairly Good
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Q : House rents be rising rapidly in the Major cities eg lagos, why?

A : Speculators are buying lands and refusing to develop it. Holding it so in the next 10yrs they can sell it and make profit

Effect : leads to Increased pressure In housing due to increasing population = Increasing Rents

Solution: State government places fine for any Undeveloped land in the state

Result : Poor!

#Land speculators be killing us since 1800. Lool