Financial Performance of Public Real Estate Investment in Minna, Nigeria from 2011 To 2025

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@article{1717577,
      author = {Zakari Usman Dodo, Mohammed Danlami Inuwa, Badamasi Danmala, Shuaibu Mohammed Nasir},
      title = {Financial Performance of Public Real Estate Investment in Minna, Nigeria from 2011 To 2025},
      journal = {Iconic Research And Engineering Journals},
      year = {2026},
      volume = {9},
      number = {11},
      pages = {1430-1437},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1717577.pdf},
      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},
      month = {May},
      doi = {https://doi.org/10.64388/IREV9I11-1717577}
  }