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Public participation influences value.


Value is a relative term. Someone has rightly said that the more people are attracted to something, its value increases. There's been a campaign about cryptocurrency (TBC, Bitcoin etc. You can contact me for more details on it) and the potential of its value increasing. The truth is, the value of cyptocurrency would increase as more people invest into it. Public participation is a vital factor in the value market.

BigBrother naija has gained considerable relevance in the entertainment industry simply because there was huge participation from the public. Many people followed it faithfully to the end. This has increased its market value.

The value of land is no exception. It's value is proportional to the existing development around it. Development is this article would mean public participation. As a place gets developed (especially infrastructural developments), activities in that place increases, more people begin to commute in the place.

This is the story of Osun state. Recent reports have it that in Osogbo - the state capital, a hectare of land that sold for N250,000 in 2010 now sells for N5million to N10million depending on the area. Infact, a plot of land at the Government Reserved Area (GRA) Osogbo sells for as high as N30million to N40million; same thing with areas like Ilesha, Ile-Ife, Ikirun, Iwo among others,

But what caused this rapid increase in land value? The answer is simple - infrastructural development which translates to increase in public participation, 

In the last 5 years, the Governor of Osun state Ogbeni Rauf Aregbesola has embarked on several road construction projects across the state. This has facilitated ease of commutation within the state. Simply put - ease of public participation. Businesses that require transportation can now do so without any qualms that are associated with bad roads. Good roads have a positive effect on public participation in an area.

'Make the public interested in your product or service, and its value would increase.'

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