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IS INVESTING IN A SHORT-LET APARTMENT IN LAGOS IS A GOOD BUSINESS?

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INVESTING

IS INVESTING IN A SHORT-LET APARTMENT IN LAGOS IS A GOOD BUSINESS?

BY DENNIS ISONG

INVESTING

A short-let apartment is a fully furnished luxury apartment that is rented for a short period, usually for months or weeks. Short-let apartments have been considered a quick way to get rich by some investors, unfortunately, not everyone knows about this.

Short-let luxury apartments can be in:

  • bungalow
  • duplex
  • terrace
  • detached
  • semi-detached
  • studio apartments

 

 

 

 

 

 

 

These kinds of apartments can be found in some selected places in Nigeria: Lagos, Abuja, Port Harcourt, Ibadan, etc. Because of its newness and lack of information, some investors are not aware of the benefit and profit, they stand to gain.

 

Short let apartment which has been made as an alternative hotel accommodation presently has been a go-to accommodation choice most especially for travelers, tourists, and visitors in Nigeria. The accommodation can be for short/long stay leisure for business and at the same time, pleasure. Short-let homes are now great choices.

 

 

 

 

 

 

 

 

 

Why is it profitable for investment?

 

 

  1. Increase in property value

 

People have stopped leaving their property vacant in recent times without getting any benefits/profits from it. Instead, they rather rent it out for months to make an extra income from it.

 

On the other hand, people would rather go for a short-let apartment than settle for a hotel because of the comfort and the feeling of home away from home they tend to get, unlike a hotel where you are left with few home appliances like a fridge, kettle, and TV.

 

 

 

 

 

 

 

A short-let apartment is made to be a home standard and that’s why you can get full kitchen appliances and items to a well-furnished living room. Short-let apartments come with tasteful décor and freedom.

However, before you invest in a short-let apartment, make sure that the location is favorable.

 

 

 

 

 

 

 

 

 

  1. Increase income potential

 

Short-let apartments in Nigeria can also serve the benefit of a permanent and direct income stream. This is because the amount you make weekly or monthly is unlimited. Meanwhile, this can be achievable in places with high foot traffic.

 

 

  1. Flexibility in extending rent by tenants

 

Most especially business people who travel out of their state can extend the duration of their stay when business meetings are being postponed. Hereby, generates more income.

 

When compared to hotel accommodation, short-let apartments are found to be more flexible reducing the stress of check-ins and outs, being confined to a particular room, etc.

 

 

 

 

 

 

 

 

Short lets you get the feel of staying in a home at a much more affordable cost, you get access to amenities in the full apartment, you have access to a more serene interior and environment.

 

  1. As a good source of finance

 

Investors can leverage short-let properties as collateral when securing loans from banks for investment or business purposes.

 

  1. High demand

 

 

Short-let luxury apartments are now in high demand by travelers who want to enjoy the comfort of being in a home. Asides from this, short let’s become a getaway for a lot of people who want to relieve themselves of work stress and want to stay in an environment different from home.

 

  1. Subject to increase rent charges

 

Making a short-let investment more sophisticated by repainting, adding new technology, refining the interior finishing, and adding innovations, and features can as well increase cash flow because when all that is done, rental charges can be increased.

 

 

 

 

 

 

 

 

 

 

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

 

 

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Ajadi Visits Ilaji Resort, Commends Sanusi’s Vision for Oyo’s Economic Growth

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Ajadi Visits Ilaji Resort, Commends Sanusi’s Vision for Oyo’s Economic Growth

The leading gubernatorial aspirant in Oyo State under the Peoples Democratic Party (PDP), Olufemi Ajadi Oguntoyinbo, has lauded the transformative impact of private-sector investment on the state’s economy, following a courtesy visit to Ilaji Hotels and Sports Resort in Akanran, Ibadan.

Ajadi, who was warmly received on Sunday by the resort’s founder, Chief Dr Dotun Sanusi, described the facility as a symbol of what visionary leadership and indigenous enterprise can achieve in driving rural development, job creation, and tourism growth.

Speaking during the visit, Ajadi commended Sanusi’s commitment to Oyo State’s economic advancement, noting that Ilaji Resort stands as a model for sustainable development outside urban centres.

“What I have seen here today is not just a business venture, but a bold statement of belief in Oyo State’s potential,” Ajadi said. “Chief Sanusi has demonstrated that with vision, dedication, and strategic investment, we can transform our rural communities into thriving economic hubs. This aligns perfectly with my agenda to expand opportunities, empower our people, and sustain development across the state.”
[4/13, 6:34 PM] johnsonakinpelu: The PDP gubernatorial aspirant emphasised that his governorship ambition is rooted in supporting initiatives that promote local enterprise, tourism, and youth employment, adding that partnerships between government and private investors would be a priority if elected.

In his remarks, Sanusi, popularly known as Ilaji, expressed delight at hosting Ajadi and his entourage, describing the visit as encouraging for investors in the state.

“I am honoured to receive Ambassador Ajadi here at Ilaji Resort,” Sanusi said. “This project was born out of a desire to give back to society, create jobs for our youths, and showcase the rich cultural and tourism potential of Oyo State. When leaders recognise and support such efforts, it strengthens our resolve to do more.”

Sanusi further stressed the importance of continuity in governance and policies that encourage investment, noting that consistent support from government actors is crucial for long-term economic growth.

The visit also attracted notable political stakeholders, including the former Ona-Ara Local Government Chairman, Hon. Taiwo Oke, Hon. Bass Oloko, and Ajadi’s personal assistant, Kilamuwaye Badmus, among others.

Observers at the event described the meeting as a convergence of political leadership and entrepreneurial vision, highlighting the growing importance of collaboration in addressing developmental challenges in Oyo State.

Analysts see Ajadi’s visit to Ilaji Resort as part of his broader engagement with key stakeholders across sectors, as he continues to build momentum ahead of the 2027 governorship race.

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FOPCHEN Calls for Dialogue as Court Fixes May 28 for Continuation

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FOPCHEN Calls for Dialogue as Court Fixes May 28 for Continuation

OTA, OGUN STATE — Proceedings in a widely followed legal case resumed on March 24, 2026, at the High Court of Ogun State, Ota Division, ending with a fresh adjournment as the court fixed May 28, 2026, for continuation.

During the session, legal representatives for all parties restated their positions and addressed preliminary matters, laying the groundwork for more substantive arguments at the next hearing. Observers noted that the case continues to attract significant public attention due to its perceived implications for law, culture, and societal values.

The Foundation for the Protection of Cultural Heritage in Nigeria (FOPCHEN) used the occasion to reiterate its call for constructive national dialogue. The group emphasized that while the judicial process must be respected, broader societal engagement remains essential.

 

According to the organization, issues relating to values, responsibility, and cultural identity should not be confined solely to courtroom deliberations but should involve active participation from various sectors of society.
Legal analysts present at the proceedings described the matter as one with far-reaching implications, noting that arguments advanced in court could shape future interpretations surrounding sensitive cultural and moral questions.

 

The presiding judge subsequently adjourned the case to May 28, granting all parties time to refine their submissions and respond to issues raised during the hearing.

 

As anticipation builds ahead of the next court date, Nigerians across different sectors continue to monitor developments closely, keen to see how the judiciary navigates the delicate balance between constitutional rights and cultural expectations.

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CRG: Politicians Must Stop Witch-Hunting, Focus on Nation Building — Says NYSC Cleared Deputy Speaker Since 2023 

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CRG: Politicians Must Stop Witch-Hunting, Focus on Nation Building — Says NYSC Cleared Deputy Speaker Since 2023

By: Boye Ola 

 

The Centre for Responsible Governance (CRG) has called on political actors and interest groups to desist from what it described as needless witch-hunting of the Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, following renewed controversies surrounding his National Youth Service Corps records.

 

The organisation noted that the clarification by the National Youth Service Corps (NYSC) regarding the matter is not a recent development, as a formal verification letter had already been issued as far back as May 23, 2023.

 

 

The letter, referenced NYSC/CCD/VER/10/5.1/VOL1/02, had already addressed and cleared the questions surrounding the Deputy Speaker’s NYSC records.

Reacting to the renewed debate, the spokesman of the Centre,

 

Obande George, said it was troubling that issues which had already been clarified by a competent national institution were being resurrected for political purposes.

According to him, the time has come for political actors to move away from destructive engagements and concentrate on building the nation.

 

“It is important to note that the NYSC had already issued a verification letter dated May 23, 2023 addressing the matter.

Reopening issues that have already been clarified by a competent authority suggests that some individuals are more interested in political witch-hunting than in national progress,” George said.

 

The CRG stressed that democracy thrives when institutions are respected and their determinations are accepted in good faith rather than constantly questioned for political advantage.

George also commended the Deputy Speaker for demonstrating maturity and composure throughout the controversy, despite what he described as sustained provocations.

 

“Honourable Benjamin Kalu has shown remarkable calm and maturity in the face of intense public scrutiny and political provocation.

 

Instead of engaging in unnecessary public confrontation, he allowed institutions to speak through their records.”

 

The Centre warned that Nigeria’s political culture must evolve beyond constant character attacks and sensational allegations, which often distract public officials from their responsibilities.

 

According to the organisation, the country’s development requires constructive engagement among political actors rather than continuous attempts to discredit opponents.

 

“Nigeria cannot move forward if political energy is constantly spent on digging up allegations and amplifying rumours. Our leaders and political actors must redirect their focus to governance, policy and nation building.”

 

CRG therefore urged Nigerians to rely on verified information from credible institutions and avoid spreading speculative claims that could damage reputations or destabilise public discourse.

 

The organisation reiterated that respect for due process and institutional integrity remains essential for strengthening Nigeria’s democracy.

 

@The Centre for Responsible Governance, Email: [email protected], Instagram: crgngo6, Twitter: crgng06, Threads: crgngo6

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