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Fuel Price Hike: How Fuel Price Hike Drives Nigerian Real Estate by Dennis Isong
Fuel Price Hike: How Fuel Price Hike Drives Nigerian Real Estate by Dennis Isong
Sahara Weekly Reports That In recent times, Nigeria has witnessed fluctuations in fuel prices, sparking debates and concerns across various sectors of the economy. While the impact of rising fuel costs is generally seen as negative, there is a unique silver lining for the real estate industry. Surprisingly, the fuel price hike can favor real estate investment in Nigeria in several ways. This article explores the connections between fuel price increases and real estate investment opportunities, shedding light on the potential benefits for savvy investors.
Diversification of Investment Portfolio
Real estate has always been considered a stable and relatively low-risk investment option. As fuel prices rise, other forms of investments, such as transportation and manufacturing, might experience slowdowns. This prompts investors to diversify their portfolios and turn their attention to real estate. The perceived stability and potential for long-term gains in the property market become particularly attractive during times of economic uncertainty.
Shift in Investment Focus
Higher fuel prices often lead to a shift in preferences among consumers and businesses. As transportation costs rise, there is a growing demand for properties located closer to city centers and commercial hubs. This demand shift can drive up property values in such areas, making real estate investment in these prime locations more lucrative.
Urbanization and Rental Demand
Urbanization is a growing trend in Nigeria, with more people moving to cities in search of better job opportunities and improved lifestyles. The fuel price hike can accelerate this trend as commuting becomes costlier. Consequently, the demand for rental properties in urban c enters is likely to rise, offering real estate investors a steady stream of rental income.
Infrastructure Development
Governments often respond to fuel price increases by redirecting funds towards infrastructure development projects, such as road expansions and public transportation enhancements. These improvements can increase the overall desirability of certain neighborhoods, leading to increased property values. Savvy investors who identify these emerging trends can capitalize on the potential appreciation of property prices in areas targeted for infrastructure upgrades.
Long-Term Investment Potential
Real estate investment is inherently a long-term endeavor. While fuel prices may experience fluctuations over the short term, the property market tends to appreciate over time. Investors who can weather short-term economic challenges brought about by fuel price hikes are likely to benefit from the long-term value appreciation of their real estate assets.
Inflation Hedge
Rising fuel prices often coincide with inflationary pressures. Real estate has historically served as a hedge against inflation, as property values and rental incomes tend to rise with the cost of living. This makes real estate an attractive option for investors seeking to preserve and grow their wealth during periods of economic uncertainty.
Demand for Mixed-Use Developments
Rising fuel prices can lead to a growing desire for convenience and efficiency. This paves the way for the emergence of mixed-use developments that combine residential, commercial, and recreational spaces within the same vicinity. With the cost of commuting becoming a concern, people are drawn to live in areas where they can work, shop, and unwind without extensive travel. Real estate developers who recognize this trend can capitalize on the demand for mixed-use properties, creating vibrant and self-contained communities that cater to various needs.
Foreign Investment and Economic Diversification
Higher fuel prices can stimulate foreign investment in Nigeria’s real estate sector. As global investors seek alternative avenues for capital allocation, a well-regulated and promising real estate market can catch their attention. Increased foreign investment not only injects capital into the local economy but also contributes to economic diversification. This, in turn, can create jobs, stimulate economic growth, and lead to positive ripple effects across various industries.
Value-Add Opportunities
Real estate investors can take advantage of fuel price hikes to identify value-add opportunities within the market. Properties that were previously overlooked due to their location or condition might become more attractive when transportation costs rise. By strategically renovating, repositioning, or repurposing such properties, investors can unlock their true potential and capitalize on the changing market dynamics.
Government Policy and Support
Governments often respond to fuel price hikes by introducing policies that promote economic stability. In some cases, these policies can include incentives for real estate development and investment. Such incentives could include tax breaks, subsidies, or streamlined permitting processes. Real estate investors who stay informed about government initiatives and take advantage of available support mechanisms can position themselves for success in a changing economic landscape.
Alternative Investment Vehicles
As fuel prices increase, individuals and institutions may seek alternatives to traditional investments that are directly affected by these fluctuations. Real estate investment trusts (REITs), crowdfunding platforms, and real estate-focused mutual funds provide avenues for investors to participate in the property market without owning physical properties. These alternative investment vehicles can offer diversification and liquidity while tapping into the potential benefits of real estate during periods of fuel price volatility.
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Why Oshodi-Isolo Constituency 1 Should Stand with Engr. Abayomi David Fasanya (FASH)
By Ayodele Adeyeye
In every electoral cycle, constituents are presented with a familiar challenge: choosing not just a candidate, but a leader who embodies the values, vision and commitment required to drive meaningful development. For the people of Oshodi-Isolo Constituency 1, this moment calls for careful reflection and a decisive choice—one that prioritizes credibility, competence and community connection.
Among those seeking to represent the constituency, Engr. Abayomi David Fasanya (popularly known as FASH) has emerged as a compelling option, distinguished by his track record, grassroots engagement and forward-looking vision
At a time when public trust in leadership is often tested, FASH represents a refreshing alternative. He is widely regarded as a man of integrity, whose approach to leadership is rooted in service rather than self-interest. His long-standing connection with the people of Oshodi-Isolo Constituency 1 gives him a clear understanding of the socio-economic realities facing residents—from youth unemployment and infrastructure deficits to the need for sustainable community development.
One of the defining attributes of FASH’s candidacy is his strong grassroots appeal. Unlike many who approach leadership from a distance, he has remained closely connected to the community, engaging with residents, listening to their concerns and participating in initiatives aimed at improving their welfare. This familiarity positions him not just as a representative, but as a true voice of the people.
Equally important is his emphasis on service-driven leadership. In a political climate often dominated by rhetoric, FASH’s message is centered on tangible impact. His agenda reflects a commitment to delivering practical solutions—policies and programs that directly address the needs of the constituency while creating opportunities for growth and empowerment.
Furthermore, FASH has consistently advocated for unity and collective progress. He recognizes that the development of Oshodi-Isolo Constituency 1 depends on collaboration across diverse groups and interests. By promoting inclusiveness, peace and shared purpose, he aims to foster an environment where progress is not only achievable but sustainable.
Central to his campaign is a clear and actionable vision for development. This includes prioritizing youth empowerment through skills acquisition and job creation, supporting small and medium-scale enterprises and advocating for improved infrastructure and social services. His professional background as an engineer further strengthens his capacity to approach development with structure, innovation and efficiency.
As the constituency prepares to make a critical decision about its future, the need for leadership that inspires confidence and delivers results cannot be overstated. Oshodi-Isolo Constituency 1 deserves a representative who will illuminate pathways to progress, restore hope in governance and ensure that the dividends of democracy reach every corner of the community.
Engr. Abayomi David Fasanya (FASH) presents himself as that candidate—one ready to serve with dedication, guided by a vision of light, growth and inclusive development.
The choice ultimately rests with the people. But in FASH, many see not just a contender, but a leader prepared to translate aspiration into action and promise into progress.
Asoludero fun ilu Oshodi.
Ayodele Adeyeye writes from, Mafoluku, Oshodi, Lagos State
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Court Strikes Out Case Against Adedipe Ewenla, Alleges Political Persecution
A former aspirant for the Lagos State House of Representatives and chieftain of the Peoples Democratic Party (PDP), Hon. Prince Amb. (Dr.) Adedipe Dauda Ewenla, has announced that the Federal High Court sitting in Ikoyi has struck out a case instituted against him, citing lack of merit and absence of credible evidence.
Describing the judgment as a clear vindication, Ewenla attributed the outcome to divine intervention, maintaining that the allegations brought against him were false, malicious, and politically motivated.
Allegation of Unlawful Detention
In a statement made available to the public, Ewenla recounted his alleged unlawful detention for 37 days in 2019 during his political aspiration. He claimed the incident occurred under the tenure of the then Commissioner of Police and was orchestrated by political opponents seeking to frustrate his ambition.
He emphasized that participation in politics is a constitutional right of every Nigerian and expressed concern that his experience reflected a troubling reality for opposition members in Lagos State.
Declared Wanted Without Due Process
Ewenla further alleged that he was declared wanted without prior invitation or formal communication from security agencies. He maintained that he did not evade arrest but voluntarily presented himself at the OC SARS, Ikeja Police Command upon learning of the allegations.
According to him, due process was not followed, as he was detained for 37 days, while his wife was held for nine days, alongside several members of his campaign team who were also detained for varying periods.
Alleged Political Influence
He also alleged that during his detention, an Investigating Police Officer questioned his involvement in opposition politics, suggesting that his release was subject to directives “from above.” Ewenla described this as evidence of political interference in the matter.
He stated that his eventual arraignment and release on bail came only after sustained legal intervention and the invocation of his fundamental human rights.
Pipeline Vandalization Allegation
Addressing claims linking him to a pipeline vandalization incident in Abule-Egba in December 2018, Ewenla denied any involvement. He noted that statements from actual suspects reportedly absolved him, yet he was still declared wanted and publicly associated with the crime.
He added that he was never paraded alongside the suspects, which, according to him, further indicates an attempt to tarnish his reputation.
Claims of Political Intimidation
Ewenla alleged continued political intimidation following his refusal to defect to the ruling party. He claimed that after emerging victorious in a House of Representatives primary election in 2022, a previously dismissed case was revived amid internal party disputes.
He noted that the matter was eventually dismissed again, leading to his discharge and acquittal.
Call for Professionalism by Security Agencies
Ewenla called on security agencies, including the Nigeria Police Force, the Nigeria Security and Civil Defence Corps (NSCDC), the Department of State Services (DSS), and the Nigerian Army, to remain neutral, professional, and free from political influence, particularly as the 2027 general elections approach.
He also urged media organizations and journalists to prioritize verification and accuracy in their reporting to prevent the spread of misinformation.
Commitment to Political Participation
Despite the challenges, Ewenla reaffirmed his commitment to active political participation, stating that he remains undeterred and will continue to contribute to democratic processes.
When asked about his plans for the 2027 general elections, he stated that his decision would be guided by the direction of the party leadership and relevant legal outcomes affecting the PDP.
Appreciation
He expressed gratitude to his legal team, associates, and supporters, including Barrister Ejide Lawal, Omolola Oyetoro, Adedipe Modupe Oyinlola, Omolola Salami, the late Babatunde Kode, Adedipe Nuren, Adekunle, and Shodiya Abraham Adebayo, among others, for their steadfast support.
Background
Hon. Prince Amb. (Dr.) Adedipe Dauda Ewenla is the MD/CEO of Adedas Development Foundation. He holds multiple academic and professional qualifications, including BSc, B-Tech, MSc, and certifications in surveying, real estate, and security studies. He currently serves as PDP Southwest Ex-Officio.
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CSO gives IGP 24-hour ultimatum to release Hammed Akanbi
Civil society Organisation has raised concern over a disturbing sequence of events that point to an alleged high-level conspiracy within the Nigeria Police Force led by Jimoh Moshood Olorundare (AIG Zone 2), targeted at Mr. Hammed Tajudeen Akanbi.
The CSO in a press conference addressed by its leader Com Kolawole Emmanuel , gave the Inspector General of Police a 24-hour ultimatum, demanding the immediate transfer of Mr. Hammed Tajudeen Akanbi to a neutral and independent investigative unit and unrestricted access to his legal representatives and family members.
It said: “Our findings reveal that this matter is not isolated but deeply rooted in the long-standing crisis within the Ojomu Royal Family of Ajiran in Eti-Osa Local Government Area of Lagos State; a crisis that predates the tenure of Jimoh Moshood Olorundare as Commissioner of Police, Lagos State.
“At the core of this crisis is the control and allocation of vast ancestral lands spanning over 22 communities. This dispute has polarised the community into factions: those aligned with the Kabiesi and those loyal to Mr. Hammed Tajudeen Akanbi, who serves as Chairman of the Youth Wing of the Ojomu Royal Family.
“A troubling dimension emerged with the alleged ambition of Bashir Fakorede to ascend the Ojomu stool while the current monarch remains alive. Credible allegations indicate that Bashir Fakorede identified Mr. Akanbi as the principal obstacle to this ambition and openly declared his intention to “crush” him.
“It is further alleged that Bashir Fakorede enlisted the support of Muiz Banire (SAN), who purportedly assured him of leveraging institutional connections, including the office of the Attorney General of Lagos State, to ensure the prosecution and conviction of Mr. Akanbi.
“In furtherance of this alleged scheme, Bashir Fakorede reportedly conspired with Jimoh Moshood Olorundare who was then the Commissioner of Police, Lagos State, now Assistant Inspector General (AIG) Zone 2.
“It is alleged that inducements, including four plots of land at Chevron Drive valued at about ₦1.2 billion, were offered to Jimoh Moshood to secure cooperation in orchestrating Mr. Akanbi’s arrest and eventual elimination.
“Subsequently, a previously investigated and resolved murder allegation was resurrected under questionable circumstances. Individuals were allegedly arrested at random and coerced into making incriminating statements falsely linking Mr. Akanbi to the death of one Sheriff Salami.
“Despite Mr. Akanbi being outside Nigeria on medical grounds, he was declared wanted on 19th February 2026 by Jimoh Moshood Olorundare, a move widely regarded as procedurally defective. This declaration allegedly triggered sponsored acts of violence, including the destruction of his property in Ajiran.
“Legal proceedings initiated by Mr. Akanbi at the Ikeja High Court (Suit No: ID/21447MFHR/2026) challenged this action. Notably, an earlier arrest and remand order obtained through Charge No: Misc/60A/2026 was set aside by the same court due to misrepresentation and concealment of material facts.
“A subsequent application (Charge No: MISC/126/2026) was also refused, with the court directing proper procedure upon his return.
“Following a petition dated 23rd February 2026, the Inspector General of Police directed that the matter be transferred to the X-Squad, FCID, Alagbon. However, in a controversial turn of events, Jimoh Moshood Olorundare, now AIG Zone 2, allegedly insisted on retaining control over the matter.
“Following the clear directive of Court in charge no: MISC/126/2026 that proper procedure be followed by inviting Mr. Akanbi, he was enroute Nigeria from France through Benin Republic when he was eventually arrested in the Benin Republic but the Police on the claim that they have information that he was declared wanted by Jimoh Moshood.
“He was thereafter transferred to Nigeria on 17th April 2026. Since then, he has allegedly been subjected to degrading and inhumane treatment, including:
“Being publicly exposed in handcuffs by associates linked to Bashir Fakorede, particularly one Rukayat Omolara who is alleged to have over the internet with the photographs and video of Akanbi in hand and leg chain, a recording she made while he was in custody of Jimoh Moshood; denial of access to legal counsel and family; interrogation in the presence of individuals allegedly linked to the law firms of Muiz Banire (SAN) and Olumide Fusika (SAN), who are not law enforcement officers; personal supervision of his detention by Jimoh Moshood Olorundare, including signing detention orders and placing him in a private cell at SCID Panti; continuous use of hand and leg restraints while in custody.
“Most alarming are intelligence reports suggesting a deliberate plot to poison Mr. Akanbi with substances designed to cause delayed fatal consequences after release.
“These actions, if proven, constitute egregious violations of the Constitution of the Federal Republic of Nigeria and fundamental human rights protections.
“In light of the foregoing, we hereby issue a 24-HOUR ULTIMATUM to the Inspector General of Police demanding: the immediate transfer of Mr. Hammed Tajudeen Akanbi to a neutral and independent investigative unit; unrestricted access to his legal representatives, family members, and medical professionals; a thorough, transparent, and independent investigation into the roles of all officers and individuals implicated, particularly Jimoh Moshood Olorundare; full compliance with subsisting court rulings and strict adherence to due process.
“Failure to comply within 24 hours will compel us to escalate this matter through all lawful protest and institutional mechanisms, including judicial actions, petitions to oversight bodies, and coordinated civil advocacy at both national and international levels.
“This is a defining moment for the rule of law in Nigeria. We call on the Inspector General of Police to act decisively and restore public confidence in the integrity of the Nigeria Police Force.”
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