society
The Importance of Ember Months in Nigeria’s Real Estate Sector by Dennis Isong.
Published
10 months agoon

The Importance of Ember Months in Nigeria’s Real Estate Sector by Dennis Isong.
Sahara Weekly Reports Ember months refer to the last four months of the year: September, October, November, and December. These months hold significant importance across various sectors of the Nigerian economy, and the real estate industry is no exception. The ember months bring about unique circumstances and opportunities that can greatly impact the property market. This article explores why these months are crucial for Nigeria’s real estate sector and how they influence market dynamics.
1. Increased Economic Activity
A surge in economic activity characterizes the ember months in Nigeria. As the year draws to a close, businesses strive to meet annual targets, and government agencies work to utilize their budgets before the fiscal year ends. This increased economic activity often translates to more money circulating in the economy, which can have a positive impact on the real estate market.
Higher disposable income: Many companies distribute year-end bonuses during this period, increasing the purchasing power of potential property buyers.
Business expansion: Some businesses may look to expand or relocate, leading to increased demand for commercial real estate.
2. Diaspora Influence
The ember months coincide with the holiday season, during which many Nigerians living abroad return home to visit family and friends. This influx of diaspora Nigerians has a significant impact on the real estate market:
Investment opportunities: Many in the diaspora see this time as an opportunity to invest in property back home, either for personal use or as an investment.
Increased demand: The temporary surge in population can drive up demand for short-term rentals and potentially influence long-term property values.
Foreign currency injection: Diaspora Nigerians often bring in foreign currency, which can boost the real estate market, especially in a country where the local currency may be experiencing fluctuations.
3. Cultural and Social Factors
Nigerian culture places a strong emphasis on homeownership, and the ember months often amplify this desire:
Status symbol: Owning a home by the end of the year is seen as a significant achievement, motivating many to make property purchases during this period.
Family gatherings: The holiday season prompts many to consider upgrading their living spaces to accommodate family gatherings and celebrations.
4. Weather Conditions
The ember months in Nigeria typically mark the end of the rainy season and the beginning of the dry season. This transition in weather patterns can impact real estate activities:
Construction boost: The dry weather allows for increased construction activity, potentially leading to more properties entering the market.
Property viewing: Improved weather conditions make it easier for potential buyers to view properties and for real estate agents to conduct site visits.
5. Year-End Goals and New Year Resolutions
As the year comes to a close, many individuals and businesses reflect on their achievements and set new goals:
Investment decisions: People may choose to invest in real estate as a way to meet financial goals or diversify their portfolios before the year ends.
New Year preparations: Some may aim to secure new living or working spaces in preparation for the coming year, driving up demand in the real estate market.
6. Government Policies and Budgets
The ember months often see increased government spending and policy implementation:
Infrastructure development: Governments may rush to complete infrastructure projects before the year’s end, potentially increasing the value of properties in certain areas.
Policy changes: Any new real estate policies or regulations slated for the new year may influence buying and selling decisions in the ember months.
7. Stock-taking and Portfolio Restructuring
The approach of the year’s end prompts many investors to reassess their portfolios:
Property disposal: Some investors may decide to sell properties to balance their portfolios or generate liquidity.
Acquisition opportunities: Others may look to acquire new properties to strengthen their real estate holdings.
8. Increased Rental Activity
The ember months can see a spike in rental activity:
Corporate rentals: Businesses may seek new office spaces or renew leases for the coming year.
Residential moves: Families or individuals may look to move to new rental properties before the new year begins.
9. Emerging Real Estate Hotspots
During the ember months, it’s crucial to pay attention to emerging real estate hotspots:
Satellite Towns: Areas like Ibeju-Lekki in Lagos or Kubwa in Abuja are experiencing rapid development.
Tech Hubs: Locations near growing tech clusters, such as Yaba in Lagos, are becoming increasingly attractive.
New Cities: Planned urban developments like Eko Atlantic City offer unique investment opportunities.
10. Types of Properties to Consider
Different property types may offer varying advantages during the ember months:
Residential Properties: High demand for housing during holiday visits makes this a prime option.
Commercial Real Estate: Office spaces and retail outlets can be good investments as businesses plan for the new year.
Land: Undeveloped land in growing areas can offer long-term appreciation potential.
11. Leveraging Technology for Remote Transactions
For diaspora investors unable to visit Nigeria:
Virtual Tours: Many real estate agencies now offer virtual property tours.
Digital Documentation: Explore options for digital contract signing and online payment systems.
Real-Time Communication: Utilize video calls for real-time property inspections with local agents.
12. Understanding Local Regulations
It’s crucial to be aware of recent changes in real estate regulations:
Land Use Act: Familiarize yourself with the implications of the Land Use Act on property ownership.
Foreign Ownership Laws: Understand any restrictions or requirements for diaspora Nigerians investing in property.
Tax Implications: Research recent changes in property taxes or capital gains taxes that might affect your investment.
13. Financing Options for Diaspora Investors
Explore various financing methods tailored for diaspora investors:
Diaspora Mortgages: Some Nigerian banks offer mortgage products specifically for Nigerians living abroad.
International Money Transfers: Research the most cost-effective ways to transfer large sums for property purchases.
Joint Ventures: Consider partnering with local investors or family members for shared investments.
14. Risk Mitigation Strategies
Investing during the ember months doesn’t come without risks. Consider these mitigation strategies:
Due Diligence: Thoroughly research property titles and ownership history.
Legal Representation: Engage a reputable local lawyer to oversee transactions.
15. Long-term Investment Strategies
Think beyond the immediate purchase:
Rental Income: Consider properties with strong rental potential for steady income.
Property Management: Research reputable property management companies if you plan to rent out your investment.
Exit Strategies: Have a clear plan for how you might eventually sell or pass on the property.
The ember months provide a distinct set of circumstances that make them an ideal time for diaspora Nigerians to invest in real estate back home. During this period, heightened market activity and the availability of potential deals create attractive investment opportunities. Additionally, the chance for personal property inspections and the ability to tap into cultural connections further enhance the appeal. However, successful investment requires thorough research, professional advice, and a well-defined long-term plan. By staying attuned to local market trends, utilizing technology, and being aware of relevant regulations, diaspora Nigerians can make informed and profitable real estate investments in Nigeria during this dynamic time of year.
For personalized assistance with property needs in Ojo or other parts of Lagos, interested individuals, particularly Nigerians in the diaspora looking to invest in property back home, can contact Dennis Isong, a top Lagos realtor specializing in helping Nigerians in the diaspora own property stress-free. I can be reached at +2348164741041.
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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

society
Prophetic Evang Ugo Wems set to transform Enugu State with Worship and Miracles
Published
28 minutes agoon
July 11, 2025
Prophetic Evang Ugo Wems set to transform Enugu State with Worship and Miracles
The City of Enugu state, and it’s environ is yet to experience the raw power of God in action in a remarkable display of divine insight through Worship and Miracles from Prophetic Evang (Dr) Ugo Wems, the lead pastor incharge of Resurrection Force Ministries Int’l, BEAUTIFUL GATE ASSEMBLY, A respected man of God with an extraordinary Prophetic and Apostolic Grace is set to kick up One-day
*Worship, & Miracles Midyear Thanksgiving*
Prophetic Evang Ugo Wems who is a man whose ministry has touched souls that people has to associate with hm with humility and sincerity living the life of Christ. The program is slated to commence in 27th July, 2025, 3pm, at the church auditorium, 11, Umukwa street, beyind ESBS TV stations Independence Layout, Enugu State.
Bishop Eugene Mbaebie, Prophet Dr Babalola, & Evang Able C will be around with an Apostolic Grace for acceleration to transform lives. There will be an electrified praise and worship from great ministers of God. The likes of Buchi, God’s Oracle, Uloma Gina, Vicpraiz, Perfect Trybe, Simeon, among others, while Prophetic Evang Ugo Wems remains the host.
As a shepherd of his flock, Dr Ugo Wems has exemplified the qualities of empathy, wisdom, and genuine care for others. His sermons have inspired and uplifted his congregation, nurturing spiritual growth and fostering a sense of community. Known for his ability to connect with people from all walks of life, he has provided solace, guidance, and support during times of triumph and adversity.
However, his impact extends far beyond the walls of his church.
Through his unwavering commitment to his calling, he has transformed the lives of many, both within his congregation and beyond.
This year midyear thanksgiving will bring refreshing joy and a revival of Spirit. It will be a life-changing experience for all who attends. It will feature anointed ministrations, prophetic worship and healing sessions, etc.
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society
Lagos Assembly moves to end perennial landlord-tenant crisis
Published
7 hours agoon
July 11, 2025
Lagos Assembly moves to end perennial landlord-tenant crisis
…As Obasa promises to continue enacting laws that will benefit society
Towards improving the typically fractious landlord-tenant relationship in Lagos State, a bill for a law to regulate the relationship between the two parties, including the procedure for the recovery of premises, has scaled through second reading during plenary on Thursday in the House of Assembly.
If passed into law, the bill, which seeks to redefine the legal framework governing tenancy agreements, rights, responsibilities, and the processes for eviction in the state, will ensure that all stakeholders—tenants, landlords, and agents—understand their rights and obligations.
Providing an insight into the bill, Hon. Sa’ad Olumoh (the Member representing Ajeromi-Ifelodun Constituency 01) noted that the proposed legislation is designed to bring clarity and sanity to tenancy matters in Lagos State. Also, the bill, he said, will promote harmony between landlords and tenants by unambiguously stipulating defined payment structures such as annual and monthly rent options, procedures for eviction notices, and the roles and responsibilities of agents, landlords, and tenants, while providing legal clarity for the courts in adjudicating tenancy-related disputes.
Similarly, Hon. Aro Moshood (the member representing Ikorodu 02) described the bill as timely and people-oriented, and argued for the provision of an enforcement body that can discipline landlords who collect arbitrary rents beyond what the law prescribes. He added that the law will ease the burden on tenants and help them plan their finances without undue pressure.
Describing the bill as a welcome development because it spells out the rights of landlords including issues around tenement rates, land use charges, and other levies while also affirming the rights of tenants and the jurisdiction of the courts in tenancy matters, Hon. Femi Saheed (the member representing Kosofe 02) said, “This law is long overdue and will modernize housing relationships in Lagos.”
Other members who spoke in favour of the bill lauded it for being inclusive and comprehensive because it addresses all aspects of tenancy, from agent engagement to rent payment terms and dispute resolution.
In his remarks, the Speaker, Rt. Hon. (Dr.) Mudashiru Ajayi Obasa noted the necessity of considering both tenants and landlords. He urged the House to consider tenants who may only be able to pay rent upon receiving End-of-the-Year bonuses and annual Leave allowances.
Speaker Obasa also highlighted the rising cost of building materials and the importance of rental income for many landlords. He, therefore, stressed the need for the government to review its promises on housing delivery and ensure they are fulfilled.
Following the conclusion of deliberations, the bill was committed to the Committee on Housing for further legislative scrutiny. The Committee is expected to report back in three weeks.
Meanwhile, Speaker Obasa has promised that the House will continue to make laws that will benefit society. He stated this during the second reading of “A Bill for a Law to Provide for the Registration of Marriage and Dissolution of Marriage (Except Marriage under the Act) in Lagos State and for Other Connected Matters.”
The proposed bill aims to streamline the legal framework for marriage documentation and ensure accurate record-keeping for marriages and divorces across the state, including for administrative and official verification purposes.
Speaking on the bill, Hon. Oladipo Ajomale, the Oshodi Isolo 02 representative, stated that many marriage-related legal cases are often complex for legal practitioners due to unclear documentation. Therefore, he said that if this bill is passed into law, it will simplify legal processes around marriage registration and dissolution; assist embassies and foreign missions in verifying marital status during visa applications, and support uniform marriage record systems especially across the IBILE division (Ikorodu, Badagry, Ikeja, Lagos Island, and Epe).
Hon. Abiodun Tobun (the member representing Epe 01) described the bill as progressive and in line with modern standards of marriage regulation, as it provides both husband and wife with a clear understanding of their rights under customary marriage and empowers them to enter and exit marriages within the boundaries of the law. However, he expressed concerns over individuals who interfere with marriage proceedings and suggested that the bill should include penalties for such intrusions.
Emphasising the need for a proper marriage database, Hon. Bonu Solomon (Badagry Constituency 01) noted that Lagos State is moving towards aligning with global best practices in marriage regulation.
While noting that any marriage dissolution must go through a court intervention for legality and fairness, Hon. Solomon proposed that sanctions for single mothers who end marriages without legal backing and husbands who neglect their marital responsibilities should be included in the Bill.
Hon. Omolara Olumegbon (the member representing Lagos Island 01) pointed out the importance of child welfare and called for the inclusion of a provision for full child support, especially in cases of broken marriages, to ensure that minors are adequately cared for under the Law.
Speaker Obasa, thereafter, committed the bill to the Committee on Judiciary, Human Rights, Public Petitions, and the Lagos State Independent Electoral Commission (LASIEC) for further deliberations.
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society
2027: Group Launches ‘I-Vote Movement’ To Mobilise Nigerians For People-Centred Leadership
Published
19 hours agoon
July 10, 2025
2027: Group Launches ‘I-Vote Movement’ To Mobilise Nigerians For People-Centred Leadership
Ahead of the 2027 general elections, a group of concerned Nigerians on Thursday launched a movement named the I-Vote Movement 2027 to galvanise citizens, especially young people and women, towards building a new political consciousness and reclaiming Nigeria from the current leadership.
At a press conference held in Abuja on Thursday, the National Coordinator of the Movement, Comrade Ishaya Inuwa Darkwa, expressed his frustration over the high rate of poverty among Nigerians.
According to him, the promises made under the Renewed Hope agenda of President Bola Ahmed Tinubu’s administration have largely translated into “hopelessness,” as economic realities continue to deteriorate for millions.
He criticised what he called “unplanned economic policies” that have worsened the living conditions of ordinary Nigerians, citing empirical data to back up his claims.
He said: “You will agree with me that our nation is at a standstill. Nothing is working at the moment and the Renewed Hope we were promised is now Hopeless
“Since the beginning of this year, a critical question has been resonating across Nigeria: “Am I better off today than I was yesterday?” For the vast majority of Nigerians, this is not a rhetorical exercise but a stark, lived reality, whispered in homes fractured by hunger and screamed in the silent desperation of stalled ambitions.
“From the bustling arteries of Lagos to the tranquil villages of Lafia, the answer, tragically, is a resounding no. Since the return to democratic governance in 1999, despite five presidents promising a brighter dawn, each new regime seems to bring less hope and more profound hardship.
“Instead, Nigerians have largely received a relentless succession of economic experiments, a recurring drama surrounding fuel subsidies that consistently ends in public pain, a notoriously fragile national currency, and a poverty rate that has ballooned to alarming and unprecedented levels.
“A litre of petrol that cost ₦11 in 1999 now sells for over ₦700. The naira, once at ₦80 to the dollar, now hovers around ₦1,528. Inflation is soaring above 22%, with food inflation crossing 40%. Over 133 million Nigerians live in multidimensional poverty. These are not just numbers; they are lived traumas”.
Darkwa lamented that the Tinubu-Shettima administration’s simultaneous removal of fuel subsidies and the floating of the naira without adequate safety nets triggered widespread economic pain: skyrocketing transport fares, school dropouts, closure of small businesses, and mass hunger.
He said the I-Vote Movement represents more than just another political campaign.
The movement, he explained, will activate its structures and grassroots networks to build an inclusive, intergenerational coalition focused on national rebirth. It will transcend party lines, ethnic identities, and elite interests.
Darkwa said the movement would prioritise local content development, social equity, and participatory governance while championing the interests of struggling families and marketplace traders—not just corporate boardrooms.
He urged Nigerian youths, women, and citizens of conscience to join the movement.
“The time has come for Nigeria to break free from the unending cycle of recycled promises and empty political slogans. The way forward demands more than cosmetic reforms; it requires a complete shift in how we approach leadership, governance, and nation-building. This is why the ADC Coalition is a welcome development—it presents a timely opportunity for collaboration toward a shared national vision.
“However, for it to be truly transformative, we must go beyond familiar faces and entrenched structures. The coalition must neutralise personalities and instead amplify a new generation of leaders—especially young people and women—across all party organs and strategic decision-making platforms.
“Our future must not be built around the politics of name recognition but around the passion, competence, and sincerity of those who are ready to rebuild this nation from the ground up.
“The Movement for a New Nigeria is not a campaign—it is a revolution of conscience. It is not powered by politicians, but by reformers—visionaries, grassroots organisers, policy thinkers, street educators, community mobilizers, and everyday Nigerians who are tired of waiting and ready to act.
“We will activate all our national structures to mobilise a people-driven movement unlike anything Nigeria has ever witnessed. This movement will transcend party lines and ethnic identities; it will be inclusive, intergenerational, and intentional. We will work with anyone—regardless of their background—who is genuinely committed to the transformation of our country.
“Our vision is simple but powerful: a Nigeria where leaders are accountable, where policies serve the people, and where every citizen—young, old, male, female—can live with dignity, opportunity, and hope.
“To the Nigerian youth, to every woman who bears the burden of a failing system, and to every man and woman of good conscience: this is your moment. This is your call to action. The dream of a prosperous Nigeria is not dead—it is just waiting for people like you to rise. We must refuse to be spectators in our own story. Let us link arms, lend our voices, and build a nation where our children can dream without fear”, he said.
Also speaking, Comrade Ibiang Limus, from the New Nigeria Initiative; Comrade Da Sam Odeli, the movement’s coordinator; and Prince Adebola Adekoya, the founder and Convener of the defunct Alliance For New Nigeria, called on the Nigerians to key into the movement’s objectives to wrestle from the current leadership of the country.
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