Business strategist asks government to regulate real estate prices

Ngozika Nwobodo, a business strategist focused on global living, has called on the government to regulate real estate prices.

Speaking at a media parley on Wednesday, Nwobodo, who is also a business innovator, said the government must connect with the masses to address exaggerated pricing trends not just in real estate but across all industries.

“Minimum spend is definitely not matching up, so I feel like the government should regulate and get involved in the society to hear from the masses, to know what is happening, and try as much as possible to help,” she said.

“They should just try to regulate the environment, the prices of things, because without regulation I don’t think anything can be done.”

She advised businesses to adopt an international approach to sustain their market standard and value amidst economic uncertainty.

“Businesses can expand their reach by understanding the international market, forming strategic partnerships, and embracing cross-cultural business strategies,” the global living expert said.

“On a personal level, professionals can develop a global mindset and network internationally.

“So I would always say that you should stick to international business, maybe selling your products in dollars, in order for you to sustain your market standard and value.”

On business growth, Nwobodo said embracing digital transformation and technology is essential to improving efficiency and customer engagement.

“For example, you know, as of 2020-2021 we didn’t have AI, we didn’t have NFTs, and now all of these are coming into existence,” the business strategist said.

“I would advise that businesses get to leverage on this opportunity in order for them not to be left out.”

Nwobodo further said businesses must think beyond local markets, as international expansion and strategic partnerships can unlock new growth and opportunities.

“Instead of them just thinking locally, especially with the fact that the economy right now is extremely bad,” she said.

She also advised businesses to acquire the right education to remain informed and relevant in their industries while building strong personal and corporate brands.

The business strategist added that referrals are critical in business, making it important to build strong relationships with clients to sustain business growth in a rapidly changing economy.