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