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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

 

There was a young man named Tunde who was born and raised in Lagos, Nigeria. However, as he got older, he decided to move abroad in pursuit of better opportunities.

 

 

 

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

He settled in the United States and began building a successful career in finance. Despite his success, Tunde couldn’t shake off the feeling of homesickness. He often thought about his family and friends back in Lagos, and the beautiful city that he had left behind.

 

 

 

 

 

 

 

 

Years passed, and Tunde had all but given up on ever returning to Nigeria. However, one day, he received a call from his sister back in Lagos.

 

 

 

 

 

 

 

 

She told him about the booming real estate market in the city and how property prices were skyrocketing. Tunde was intrigued and began researching the market.

 

 

 

 

 

 

 

He discovered that there was indeed a huge demand for properties in Lagos, and that the returns on investment were quite high.

 

 

 

 

 

 

After much consideration, Tunde decided to invest in a couple of properties back in Lagos.

 

 

 

 

 

He partnered with a reputable local real estate company, and soon enough, he had a few properties under his belt. To his surprise, the returns on his investment were even higher than he had initially thought.

 

 

 

 

 

 

Tunde was thrilled with the success of his investments, and he couldn’t believe that he had almost missed out on such a great opportunity.

 

 

 

 

 

 

 

Feeling financially secure and with a sense of fulfillment, Tunde decided to return to Lagos.

 

 

 

 

 

 

He was greeted with open arms by his family and friends, and he felt like he was truly home. He decided to give back to the community and started mentoring young entrepreneurs interested in the real estate market.

 

With his newfound success and sense of belonging, Tunde couldn’t be happier. He realized that sometimes, taking a chance and going back to one’s roots can lead to great rewards.

 

 

 

 

 

 

Without dragging feet and picking from Tunde’s experience, let me highlight why real estate is profitable in Lagos state?

 

  1. Population growth

 

Lagos is the most populous city in Nigeria, with a population of over 21 million people. This large population creates a constant demand for housing, making real estate a profitable investment.

 

  1. Economic growth

 

Lagos is the commercial capital of Nigeria and one of the fastest-growing economies in Africa.

 

 

Economic growth in the city leads to an increase in disposable income, which in turn drives demand for real estate.

 

  1. Limited supply

 

The supply of land in Lagos is limited, which drives up property values. The government has also placed restrictions on the development of certain areas, further limiting the supply of land available for real estate development.

 

  1. Foreign investment

 

The Nigerian government has been actively promoting foreign investment in the country, and Lagos is a popular destination for foreign investors. This has led to an increase in demand for real estate and driven up property values.

 

5.Rental income

 

The high cost of living in Lagos and the limited availability of affordable housing make rental properties a profitable investment.

 

The demand for rental properties is consistently high, which allows landlords to charge high rents and enjoy steady rental income.

 

  1. Developing Infrastructure

 

Lagos is undergoing significant infrastructure development. The government is investing in the construction of new roads, bridges, and public transportation systems.

 

 

This infrastructure development is making it easier for people to move around the city and access different areas, which is driving the development and growth of real estate markets in previously underdeveloped areas.

 

  1. High returns on investment

 

Real estate in Lagos tends to appreciate in value over time, offering investors high returns on their investment.

 

This is due in part to the limited supply of land and the high demand for housing, as well as the city’s economic growth and infrastructure development.

 

  1. Diversification

 

Investing in real estate in Lagos can diversify an investment portfolio, as it offers a different type of investment opportunity than traditional stocks or bonds.

 

Diversifying one’s investments can help mitigate risk and potentially provide higher returns over time.

 

Buying a property in Lagos is a venture you can never regret. In Nigeria, there’s a huge market that favors everyone in real estate already. Why don’t you start taking some steps toward it?

 

Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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NAWOJ: SEKINAT, CHARITY GETS VOTE OF CONFIDENCE 

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NAWOJ: SEKINAT, CHARITY GETS VOTE OF CONFIDENCE 

 

The Nigeria Association of Women Journalists,(NAWOJ), Ogun State Chapter Executives has unanimously passed a vote of confidence on Chairman NAWOJ SEKINAT Salam and the Financial Secretary, Charity James, saying that, their leadership reflect the ideal and objectives of NAWOJ.

 

This was revealed in a communique issued at an Emergency meeting of the Executive held at the NUJ State Council, Iwe-Iroyin in Abeokuta.

 

The vote of confidence on the Leadership of NAWOJ was unanimously signed by all the five executive members that attended the meeting with the vice chairperson taking apology for official engagement outside the state capital.

 

According to the communique ” Consequently, NAWOJ Ogun State Chapter, reaffirms it’s unwavering support and confidence in the Chairperson and the Financial Secretary, Sekinat Salam and Charity James respectively, Urge them to continue in their commitment to purposeful leadership in the best interest of the association and the society at large”.

 

Speaking briefly with Journalists after the emergency Executive meeting, the Chairperson, Nigeria Association of Woman Journalists (NAWOJ), Com. Sekinat Salam, said the meeting was necessary as the news of her suspension was laughable and insulting because it is like a pot calling a kettle black in this case, saying that the Leadership of the State Council, Com. Wale Olanrewaju has no local standing to suspend her or any executive member, even he cannot be a judge in his own case.

 

According to her” The Leadership of the Nigeria Union of Journalists, Ogun State led by Wale Olanrewaju has always been misusing power without recourse to the constitution of this noble Union, hence has no local standing to suspend me or any executive member “.

 

She said only the Central Working Committee (CWC) has the constitutional rights to sanction or suspend any members found wanting after due process has been followed.

 

While calling on members to stay calm, Com. Sekinat Salam assured members of positive representation of NAWOJ at both the State and National level, adding the success recorded under her administration cannot be overemphasized.

 

She therefore called on the National leadership of NUJ to critically look into the matter, either by setting up independent committee to investigate the issues and resolve the matter as quickly as possible.

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Adron Homes Chairman Congratulates Oyo State on 50 Years of Progress

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Adron Homes Chairman Congratulates Oyo State on 50 Years of Progress

The Chairman and Chief Executive Officer of Adron Homes and Properties Limited, Aare Adetola Emmanuelking, has congratulated the Government and people of Oyo State as the state marks its 50th anniversary, describing the occasion as a celebration of resilience, cultural pride, and sustained progress.

He noted that since its creation, Oyo State has remained a strong contributor to Nigeria’s socio-economic and cultural development, emerging as a hub of commerce, education, and innovation.

According to him, the Golden Jubilee offers a moment for reflection and renewed commitment by government, private sector players, traditional institutions, and citizens toward building a more inclusive and prosperous state.

Aare Emmanuelking commended the state’s ongoing transformation through investments in infrastructure, economic expansion, and human capital development, adding that sustainable growth is deliberate and must remain purpose-driven.

He also praised the leadership of the current administration while acknowledging the contributions of past leaders whose efforts laid the foundation for today’s Oyo State.

Reaffirming Adron Homes’ commitment to national development, he described Oyo State as a land of opportunity. He wished the state continued peace and prosperity, expressing confidence that the next fifty years will bring even greater achievements for the Pace Setter State and its people.

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TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

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TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

 

In a profound expression of sorrow, the TY Buratai Humanity Care Foundation has extended its heartfelt condolences to the families of the victims and the entire people of Biu Emirate, Borno State, following the recent tragic attack attributed to Boko Haram. This devastating assault, which occurred at a work site in northeastern Nigeria, claimed the lives of dozens, including brave soldiers committed to protecting the nation.

In a statement released to the press and signed by the Chairman of the foundation, Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi/Betara Biu, the Grand Patron of the Foundation, His Excellency Amb. Lt. Gen. Tukur Yusufu Buratai CFR (Rtd), former Chief of Army Staff, described the incident as “one too many senseless, barbaric, and ruthless displays of inhumanity.” His Excellency emphasized the heartbreaking impact of such attacks on innocent, hardworking citizens striving to make a positive difference in their communities.

The Grand Patron praised the swift and decisive response of military personnel during this critical time, underscoring their brave commitment to safeguarding the nation. He called upon them to maintain this momentum, commending their courage and sacrifice in the face of adversity. “May Almighty Allah forgive their souls and grant them Aljannah Firdouse,” he remarked, encouraging the nation to honor their spirit of sacrifice as they rally together to rebuild and restore hope across the region.

In his statement, Gen. Buratai highlighted the importance of collective action in overcoming the challenges posed by insecurity, urging concerned citizens to increase their efforts in fostering a virile community that future generations can cherish. “Together, we can surmount these troubles,” he asserted, calling on all patriotic leaders and citizens to unite in the fight against violence and insecurity.

TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

The TY Buratai Humanity Care Foundation remains committed to supporting initiatives that promote peace, security, unity, and prosperity. As the foundation extends its condolences to the bereaved, it also calls upon all segments of society to collaborate in creating a better and safer future. May Allah guide and protect the nation and lead it toward enduring peace. Amen.

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