Current Volume 9
Abstract
This study examines the financial performance of public real estate investments in Minna, North Central Nigeria, over a fourteen year period spanning 2011 to 2024. Employing an explanatory sequential mixed methods design, the research analyzed financial data from four major public institutions: IBB University Lapai, IBB Specialist Hospital Chanchaga, Minna Airport Maikunkele, and the Niger State Development Corporation. Quantitative trend analysis of 67 senior finance personnel revealed a distinct cyclical pattern, with profitability peaking at 92.3% during 2015-2018, collapsing to 76.9% losses during the COVID-19 disruption (2019-2021), and rebounding remarkably to 97.5% profitability in the post-pandemic period (2022-2024). Qualitative thematic analysis of 18 key informant interviews identified three primary drivers of financial performance: revenue streams and diversification strategies, cost structure and energy price pressures, and financial management practices including milestone-based key performance indicators. The findings demonstrated that governance insulation mechanisms and counter-cyclical financial strategies significantly mediate the relationship between exogenous shocks and recovery trajectories. The study contributes to financial resilience theory by empirically documenting a super compensatory recovery pattern exceeding pre-crisis performance levels. Recommendations include institutionalising dedicated reserve funds at 15-20% of peak surplus, diversifying revenue streams beyond traditional sources, and embedding milestone-based financial controls into corporate governance frameworks.
Keywords
Financial Performance, Public Real Estate Investment, Trend Analysis, Financial Resilience, Nigeria
Citations
IRE Journals:
Zakari Usman Dodo, Mohammed Danlami Inuwa, Badamasi Danmala, Shuaibu Mohammed Nasir "Financial Performance of Public Real Estate Investment in Minna, Nigeria from 2011 To 2025" Iconic Research And Engineering Journals Volume 9 Issue 11 2026 Page 1430-1437
IEEE:
Zakari Usman Dodo, Mohammed Danlami Inuwa, Badamasi Danmala, Shuaibu Mohammed Nasir
"Financial Performance of Public Real Estate Investment in Minna, Nigeria from 2011 To 2025" Iconic Research And Engineering Journals, 9(11)
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IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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