Nigerian Federal Ministry Rapidly Expanding Term Paper

The focus in this research would be on initiatives that have been proven successful compared to those that have not. This type of investigation would provide clarification as to the direction that restructuring should take. After this direction is made apparent, it would then be necessary to systematically assess individual aspects of all sects within the Federal Ministry of Housing and Urban Development in order to identify where beneficial changes could be made. The short-term goals of this restructuring would include immediate improved organization and efficiency within the Federal Ministry. The long-term goals would involve the improving the access to and provision of real estate services to citizens of Nigeria, in order for the improvement of economic conditions. Financially, this restructuring may involve increased expenditure at the outset, but the long-term results would yield improved financial conditions for the entire Nigerian populace. These improved conditions would stem especially from the establishment of affordable, decent and adequate housing for Nigerians in all secured rural and urban areas.

The second step I would take in the implementation of programs within the Federal Ministry of Housing and Urban Development would involve securing private sector investment in the initiatives set for by the ministry. In particular, I would set forth efforts to seek out bilateral and multilateral assistance for the promotion of housing and urban development. The aim of these efforts would be to acquire adequate funds in order to facilitate both the restructuring process as well as the execution of programs within the ministry. The short-term goals associated with the acquisition of private sector investment include the funding of research that is necessary and integral to the restructuring process. The long-term goals of investments involve the availability of widespread effective financial services to aid Nigerians in the pursuit of homeownership of decent, adequate, and affordable property. The acquisition of private sector investment in the programs of the Federal Ministry of Housing and Urban Development would ultimately benefit Nigerian citizens by improving economic and social conditions through the provision of the fundamental need of housing within a healthy and sustainable environment.My personal career goals include gaining further practical experience in International real estate and development. My passion for international real estate thus far has resulted in the acquisition and development of extensive profession experience in various locations throughout the world, including Nigeria, China, and England. With regards to my experience in Nigeria, in December 2005 I took the opportunity to work as an investment banking intern at Skye Bank in Lagos, Nigeria. I was assigned to function within the Real Estate Group, with the goal of acquiring a $50 million line of credit from various investment sources for ten-year tenure. This line of credit was sought for the purpose of facilitating effective mortgage financing on behalf of Skye Bank. I in turn created a marketable proposal for this line of credit by researching the Nigerian property market as well as Skye Bank's housing projects and home loan portfolio.

My previous work experience within Nigeria contributed to the development of my long-term career goals, which include the development and management of my own real estate company, Epoch Realty LLC. Within this company I plan to provide brokerage, council and investment services to international companies that show interest in the pursuit of real estate opportunities present within Nigeria. My extensive international knowledge and experiences regarding issues in real estate as well as Nigeria, along with my expertise in international real estate development will prove beneficial in the establishment and growth of this company. Moreover, the diverse set of accomplishments I have acquired in the areas of international banking and finance has appropriately prepared me for successful entrepreneurship in international real estate development with a primary focus on Nigeria, and I feel my experience and efforts in this are could contribute to a powerful economic impact.

Reference

Federal Ministry of Housing and Urban Development http://www.fmhud.gov.ng.....