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PROS AND CONS OF REAL ESTATE INVESTMENT IN NIGERIA
PROS AND CONS OF REAL ESTATE INVESTMENT IN NIGERIA
BY DENNIS ISONG
What is Real Estate investment?
Real estate investment is the purchase, management, and sale or rental of real estate with the intent to make a profit whether immediate or in the long run. Real estate appreciates over time. Property bought four years ago has more value now if you intend to sell it and the more you leave it year in, year out, the more the value appreciates.
Real estate is the new oil money as it brings fortune if done right and can be the beginning of generational wealth.
However, you can easily make mistakes if care is not taken or you lack the right information.
Some of the mistakes can be:
1. Not taking time to get adequate information
Not all property is good to invest in. The problem is not even with the property but oftentimes, with the location. If you buy a property as a means of investment in a place that has not much value because of circumstances surrounding it, you may find it difficult to sell or make your money from it. This is where adequate information comes in. You need to have much-needed information before investing in any property. Do your research and due diligence so it doesn’t end as a waste of money or property that yields little or no value.
2. Meeting the wrong property vendor
Many people have fallen into this unawares till they are left with nothing. There are many fake vendors out there posing as real estate sellers. If you meet them, unfortunately, your money is gone. This is why property companies are highly recommended. At least, you know who you are dealing with has a structure.
3. Being ignorant of all documents involved in buying a property
If you want to buy a property as a first-timer, research all documents you are supposed to be given, or better still, employ the services of a property lawyer.
You may end up losing a property to the dreaded omo-onile if you don’t have the complete or original documents.
All of these mistakes are mostly made by investors buying a property for the first time but you can avoid them only if you are properly informed.
Let’s look at the pros and cons of property investment
PROS
i. Steady cash inflow
Investing in rental property is one of the most beneficial investments you can ever make because of how it keeps yielding a return on investment all year round. Some landlords do prefer monthly payments. Imagine having 3 or more tenants paying into your account every month, that should make anyone happy.
Also, this applies to an investor leasing out a property.
ii. Long-term Security
If your property is on government-approved land, then, there is nothing to worry about. Your investment is permanent and will continue to yield profit forever. You can rest assured of financial security for a very long time.
iii. The value keeps appreciating
When you invest in a property like land, it keeps appreciating yearly. Take, for instance, Ibeju-Lekki. Ibeju-Lekki was not a hot cake a few years ago but then, look at it now, Ibeju-Lekki is one of the most sought-after places in Lagos when it comes to buying properties (whether land or structure).
iv. You can decide to keep it for as long as you want
For people who would like to keep something worthwhile down for their children, this is best for you. Investing in property for keeps is a great option with a great financial benefit. Imagine buying land for 500,000 when your child is still 2 years old only to hand it over when he/she turns 25. Calculate how big it would have appreciated in a space of 23years.
v.It doesn’t have to move with you
Unlike other valuable property which you may need to sell off or gift out if you are relocating abroad, land and structure-property do not have to be disposed of in that form. You could decide to make it yield in absentia. For instance, rent out the structure or lease out land to farmers.
CONS
i. High maintenance
Anyone involved in property investment should know that it cost so much to maintain unless you don’t mind having a property looking awful, of course, this would affect the value being placed on it. For example, rental property.
ii. It involves a large capital
Property investment is no joke. You could empty your account just to invest in property and this doesn’t mean you would get the returns in multiples almost immediately. For land to give you a much-needed return, it has to wait a while.
For a rental property to yield the money invested + profits, it would take some years as well. So, when you heavily invest, you also need to consider that patience is a virtue.
Suffice to say, property investment is worth every bit of it. It’s an investment you can rely on come rain, come sunshine. If you have not considered it before, I guess it’s time you start thinking about it. And not just think, take a profitable step!
Dennis Isong helps individuals invest right in Real estate. For questions on this article or enquiring about Real estate. Follow him on Youtube https://www.youtube.com/landpropertyng , Email [email protected] or Whatsapp/Call +2348164741041
news
Ramadan 2026: Let’s Be United, Shina Akanni Urges Muslims.
Ramadan 2026: Let’s Be United, Shina Akanni Urges Muslims.
As Muslims all over the world begins the 30 days compulsory fasting and prayer today,top Fuji Musician Aare Sir Shina Akanni Aroworeyin Scorpido has congratulates them for witnessing another month of Ramadan.
Akanni advised them to follow the teachings of the the Holy Prophet Muhammad (SAW) which is peaceful co existence among themselves and their neighbor ‘because Islam is Religion of peace”.
He said the month of Ramadan is an holy month therefore Muslims should try as much as they can to maintain peaceful coexistence among themselves and others and that they should see themselves as ambassador of peace.
While praying for Nigeria,Aare Sir Shina Akanni Aroworeyin Scorpido said he believes that there will be an economic turnaround soon because what’s is happening now are signs of thought times that never last “if we can pecevere things will get better”.
The Scorpido crooner who recently released a hip hop single titled “Magbelo” said he is currently working on a complete album which will be released before the end of the year.
Aare Sir Shina Akanni Aroworeyin Scorpido whose last album ‘ABCD” is still in hot demand said that his next album will be a pot pouri of all kinds of music because his brand of Fuji music is a blend Fuji , Hip-hop,Apala ,Highlife and others.
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The Enemies Within: Jonahs Are Not Manageable — Dr. Chris Okafor
The Enemies Within:
Jonahs Are Not Manageable — Dr. Chris Okafor
…….“To remove Jonah, you must bring Jesus into the matter.”
When a “Jonah” enters a person’s life, confusion, gossip, blackmail, betrayal, and the pull-him-down syndrome often follow. But the moment Jesus Christ is invited into the situation, the storm subsides and stability is restored.
This was the central message delivered by the Generational Prophet of God and Senior Pastor of Grace Nation Global, Dr. Chris Okafor, during the midweek non-denominational Prophetic Healing, Deliverance and Solutions Service (PHDS) held at the international headquarters of Grace Nation Worldwide in Ojodu Berger, Lagos, Nigeria.
The Clergyman also declared that Nothing Happens Without Spiritual Influence
In his sermon titled “The Enemies Within,” Dr. Okafor declared that nothing happens without spiritual involvement. According to him, every visible battle has an invisible root.
Referencing the biblical story of Jonah, the Man of God explained that Jonah’s presence on the ship gave access to a contrary spirit that tormented everyone onboard.
Despite the losses suffered by innocent traders and sailors, the storm persisted because of one man’s disobedience.
However, he noted that when Jesus speaks into a situation, every storm must obey. Just as Christ rebuked the storm and it ceased, so too will the storms in believers’ lives subside when He is invited into their “boat.”
*The Impact of a Jonah*
Dr. Okafor further emphasized that “Jonahs” are difficult to manage. When such individuals are present in one’s circle, progress becomes delayed.
What should ordinarily manifest quickly may be prolonged or frustrated because someone close—someone who understands you deeply—may be operating as a spiritual adversary.
He explained that negative narratives, unnecessary battles, and unexplained setbacks often begin when a “Jonah” gains access to a person’s inner circle.
*The Solution*
“To remove Jonah from the boat of your life,” the Generational Prophet declared, “you must invite Jesus Christ into the matter.”
According to him, when Jesus takes control of the boat, the plans of the enemy are overturned.
What was designed for downfall becomes a testimony. No storm or battle can succeed where Christ reigns, and the enemy is ultimately put to shame.
The midweek service witnessed a strong prophetic atmosphere, with the power of God evident through deliverance, restoration, and divine revelations.
The Generational Prophet ministered deeply in the prophetic, calling out names, villages, and addressing alleged spiritual strongholds, as many lives were reportedly restored—all to the glory of God.
By Sunday Adeyemi
Uncategorized
FROM BORDER TO MARKETS: HOW NIGERIA’S REFORMS ARE REWRITING AND MODERNISING TRADE FACILITATION By O’tega Ogra
FROM BORDER TO MARKETS: HOW NIGERIA’S REFORMS ARE REWRITING AND MODERNISING TRADE FACILITATION
By O’tega Ogra
On the surface, the 2026 World Customs Organization (WCO) Technology Conference in Abu Dhabi, held in the last week of January, followed a familiar script: flags, formal sessions, carefully worded speeches. But beneath the choreography, something more consequential was unfolding. As customs chiefs and trade officials compared notes on the future of borders, Nigeria arrived not with theory, but with a working proposition.
The Nigeria Customs Service (NCS) Modernisation Project, being implemented through Trade Modernisation Project (TMP) Limited, unveiled to a global audience of customs administrators and policy leaders a window into how Africa’s largest economy is confronting one of the most complex challenges in public administration: reforming the machinery of trade while it is still running.
For decades, customs reform was treated largely as a technical exercise—frequent patches here, shoddy fixes there; new software in one corner, revised procedures in another. Nigeria’s presence in Abu Dhabi signalled something different. TMP Limited, working in partnership with the NCS, advanced the argument that trade is a cornerstone of economic development and must be supported by organic, sustainable partner ecosystems. Such ecosystems deliver speed and trust, revenue and credibility, and secure borders without stifling commerce.
That argument resonated in a room increasingly aware that global trade is no longer defined solely by tariffs and treaties, but by data, interoperability, and the quiet efficiency of systems that simply work.
The annual WCO Technology Conference has, in recent years, become a barometer for the direction of global trade governance. This year’s discussions reflected a shared anxiety: supply chains are more fragile, compliance risks are rising, and governments face mounting pressure to collect revenue without discouraging investment. Customs administrations now sit at the intersection of all three.
Nigeria’s response has been to attempt a full reset.
At the heart of this effort is the NCS Modernisation Project, implemented through a Public-Private Partnership (PPP) arrangement with TMP Limited as the concessionaire. The project seeks to replace fragmented technology deployments and manual processes within the Nigeria Customs Service with a single, integrated framework. This is anchored on B’Odogwu, a Unified Customs Management System (UCMS) that brings together cargo clearance, risk management, payments, and inter-agency collaboration. The ambition is sweeping—and so are the stakes.
Alhaji Saleh Ahmadu, OON, Chairman of TMP, framed the initiative as nothing less than an institutional reconstruction, designed to position the NCS at the forefront of global customs administration technology, aligned with international standards and assurance frameworks.
“Digital trade modernisation is not just about upgrading systems,” he told participants in Abu Dhabi. “It is about upgrading trust, predictability, and confidence in how trade flows through our borders.”
That choice of words matters. Nigeria’s economy has long struggled with the perception gap between its size and the ease of doing business. Investors cite delays. Traders complain of opacity. Government points to revenue leakages. In this context, customs reform becomes as much a credibility project as a technical one.
Saleh’s message was timely and direct: modern trade demands modern customs. Data-driven processes, automation, and risk-based controls are no longer luxuries; they are prerequisites for competitiveness in a world where capital moves faster than policy.
The institutional face of this digital transformation is the Comptroller-General of Customs, Bashir Adewale Adeniyi, who led Nigeria’s delegation to Abu Dhabi. His message reflected a subtle but important shift in how customs leadership now understands its role.
“Customs administrations today must evolve from gatekeepers to facilitators of legitimate trade,” Adeniyi said. “Nigeria’s customs modernisation project reflects our determination to place the Nigeria Customs Service at the centre of national economic transformation.”
It is a familiar refrain globally, but one that carries particular weight in Nigeria, where customs revenue remains a critical pillar of public finance. Automation, Adeniyi argued, is not about weakening control; it is about strengthening it through intelligence rather than discretion.
Risk management systems reduce unnecessary physical inspections. Integrated platforms limit human contact. Data analytics improve compliance targeting. When executed well, the result is faster clearance for compliant traders and tighter scrutiny for high-risk consignments.
In Abu Dhabi, peers from Asia, Europe, and Latin America listened closely to Nigeria’s presentation. Reforming customs in a small, open economy is one thing. Doing so in a market of over 200 million people, home to some of Africa’s busiest ports and its largest economy, is quite another.
Nigeria’s engagement emphasised that customs modernisation is embedded within a broader economic reform agenda under President Bola Ahmed Tinubu, GCFR. Simplifying trade procedures, strengthening revenue assurance, and aligning with international standards form part of a wider effort to reposition the economy for investment-led growth.
What makes the project particularly noteworthy is its insistence on end-to-end coherence. Rather than digitising isolated functions, the reform aims to connect agencies, harmonise data, and reduce duplication across government—an all-of-government approach that acknowledges an uncomfortable truth: trade friction is often created not at the border, but between institutions.
The WCO 2026 Technology Conference offered Nigeria more than a platform; it provided a stress test. Questions from peers were pointed. How will change be sustained across political cycles? How will capacity be built? How will entrenched institutional behaviours be unlearned?
The responses were pragmatic. Reform is being phased. Training programmes are ongoing. International benchmarks are being adopted not as slogans, but as operating standards. There were no claims of perfection—only a clear statement of intent.
“Our engagement here underscores Nigeria’s commitment to international cooperation,” Adeniyi noted. “We are learning, sharing, and contributing to global conversations on the future of customs administration.”
That contribution matters. As Africa moves to deepen regional trade under continental frameworks, customs efficiency will determine whether integration succeeds in practice or remains aspirational on paper. Nigeria’s experience, if successful, could offer a valuable template for other developing economies navigating similar constraints.
In Abu Dhabi, the mood was cautious but curious. Reform fatigue is real in many countries. Yet there was a growing sense that Nigeria’s effort—precisely because of its scale and difficulty—deserves attention.
Borders are rarely glamorous. But they are decisive. In choosing to modernise its borders in public, under global scrutiny, Nigeria is signalling something beyond technical competence. It is signalling seriousness.
And in global trade, seriousness still counts.
O’tega Ogra is Senior Special Assistant to President Bola Ahmed Tinubu, GCFR, responsible for the Office of Digital Engagement, Communications and Strategy in the Presidency.
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