society
Top 10 Reasons to Invest in Nigerian Urban Properties by Dennis Isong
Top 10 Reasons to Invest in Nigerian Urban Properties by Dennis Isong
Sahara Weekly Reports That A number of reasons have contributed to a significant increase in urban property investment in Nigeria in recent years. Urban property investing is a desirable potential for both local and foreign investors due to a mix of a rapidly growing population, continual economic developments, and altering demographics. This article delves into ten persuasive justifications that highlight the possible wisdom of deciding to invest in Nigerian urban real estate.
Several important variables are responsible for Nigeria’s increased interest in urban real estate. First off, there is a growing demand for residential and commercial space due to the country’s rapidly increasing population, especially in urban regions. Infrastructure improvements, more job possibilities, and a growing middle class are just a few of the current economic factors that are fueling this demand.
Furthermore, changing demographics play a pivotal role. As more young professionals and families seek modern and convenient living spaces, the demand for well-located urban properties continues to rise. The shift towards urbanization is reshaping lifestyles and preferences, making investments in well-designed and strategically located properties a lucrative option.
Nigeria’s favorable investment climate, which includes various incentives and reforms aimed at attracting foreign investors, has also contributed to the increasing interest in urban property ventures.
The government’s efforts to improve the ease of doing business and provide legal protections for investors enhance the overall appeal of investing in urban properties.
A major attraction is also the potential for capital growth and rental revenue. Due to the great demand for urban properties, they frequently produce consistent rental returns, making them a dependable source of passive income.
Additionally, property values are projected to increase over time as metropolitan areas continue to expand and gentrify, providing investors with the possibility of long-term financial advantages.
Rapid Urbanization:
Nigeria is currently undergoing a pronounced phase of urbanization, marked by a significant surge in population migration towards urban centers. This transformative trend is instigating a noteworthy surge in the need for urban real estate, encompassing a diverse array of properties ranging from residential apartments to dynamic commercial spaces, as well as innovative mixed-use developments that cater to the multifaceted demands of modern urban living.
Growing Middle Class:
The growing middle class is driving a higher need for contemporary and convenient living spaces, leading to a notable uptick in the urban real estate market for properties. This trend is being fueled by the desire for improved lifestyles and urbanization, as more individuals seek modern housing options in bustling city environments. As a result, the demand for well-designed, accessible, and technologically advanced urban properties is on the rise, propelling the real estate market to new heights.
Economic Growth:
Nigeria’s bustling urban centers serve as vibrant epicenters of economic vitality, drawing in a myriad of enterprises, innovative entrepreneurs, and ambitious job seekers. Exploring the prospect of property investments within these flourishing locales not only promises the allure of substantial rental returns but also opens the door to significant appreciation in capital value over time.
Infrastructure Development:
Both government initiatives and private sector investments in infrastructure are playing a pivotal role in enhancing the connectivity and accessibility of urban areas. Improved transportation links in these regions often lead to a surge in property demand and an increase in property value.
The collaboration between government efforts and private sector investments has become instrumental in shaping the connectivity and accessibility of urban landscapes. These initiatives encompass a wide range of infrastructure developments, including the expansion of road networks, the establishment of efficient public transportation systems, and the integration of advanced technologies that facilitate smoother mobility within cities.
As a direct consequence of these advancements, areas that benefit from enhanced transportation links tend to witness a substantial transformation in their property dynamics. The demand for properties in these well-connected neighborhoods experiences a noticeable upswing, driven by the convenience and ease of movement that improved infrastructure offers to residents.
Moreover, the value of properties in such areas also sees a significant appreciation, as the enhanced accessibility and connectivity contribute to the overall desirability of the location.
This phenomenon can be attributed to several factors. First, the accessibility provided by well-connected transportation systems attracts both individuals and businesses looking for convenient commuting options.
As a result, the demand for properties in these regions increases, exerting upward pressure on property prices. Second, improved urban connectivity often leads to an influx of economic activities, which can stimulate local economies and create a virtuous cycle of growth.
This economic vibrancy further enhances the appeal of the area, translating into heightened property values.
Diversification:
Real estate investment provides diversification in an investment portfolio. Urban properties offer an alternative asset class that can act as a hedge against inflation and market volatility.
Foreign Direct Investment (FDI):
Nigeria’s urban property market is attracting foreign investors looking to capitalize on the country’s emerging opportunities. FDI inflows can contribute to overall market growth.
Tourism and Hospitality Boom:
Nigeria’s growing tourism and hospitality sector is driving demand for short-term rental properties, particularly in popular urban destinations. Investors can benefit from consistent rental income.
Government Incentives:
Government policies aimed at promoting real estate investment, such as tax incentives and ease of doing business reforms, are creating a favorable environment for urban property investors.
Cultural and Commercial Centers:
Lagos, Abuja, and Port Harcourt stand as vibrant cultural and economic epicenters, drawing in inhabitants, enterprises, and visitors. Placing investments in real estate within these thriving urban cores can lead to significant financial gains due to their dynamic nature and constant appeal to a wide range of stakeholders.
Long-Term Appreciation:
Over time, real estate has demonstrated its ability to appreciate significantly. As urban centers grow and flourish, there is a strong likelihood that property values will continue to increase due to ongoing development and prosperity. This potential for long-term appreciation makes real estate an attractive investment option.
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
Why Gen. Buratai will always remain in the minds of Nigerians-Enyioma
From………
Lance Corporal Chikere Vitus Enyioma, an admirer of the former Chief of Army Staff (COAS), Lt. General Tukur Buratai has given reasons why Nigerians would not forget the retired Army boss in a hurry.
In a statement, Enyioma explained “I joined the Nigerian Army in 2014 with the full intention of serving my country diligently. My first posting was to 1 Division Kaduna, where I was influenced by a common belief among the junior ranks—that our generals didn’t care about us.
“However, that perception changed when Lt. Gen. Tukur Buratai assumed full command and began to truly work and serve both Nigeria and the Nigerian Army.
“Later, I was transferred to Abuja and had the rare opportunity to serve directly in his office as an office orderly. I witnessed firsthand the incredible demands of serving as the Chief of Army Staff. I remember a specific week when he worked day and night without rest. During a particularly intense period of operations against insurgents, he broke down after a night of nonstop work and back-to-back high-level meetings.
“I was sent by his MA and I had to rush downstairs to get the medical representative, who administered treatment to help him recover. To my surprise, as soon as he regained his strength, he returned immediately to his desk to continue working.
“Throughout my time working in his office, I never saw him take a leave or even a break. Under his leadership, long-forgotten allowances were restored, Many non-commissioned officers were promoted or commissioned. Soldiers were given access to both military and civilian education programs—of which I was a beneficiary.
“He also expanded housing schemes and introduced mortgage opportunities for personnel. Lt. Gen. Buratai redefined what it meant to serve with commitment and vision, and every other Staff officer under him was equally busy.
“Under Buratai’s leadership, the Nigerian Army successfully reclaimed large swathes of territory previously under Boko Haram’s control in Borno, Adamawa, and Yobe States. Major highways like the Maiduguri-Bama and Damaturu-Maiduguri roads were reopened, allowing for the restoration of civil governance in formerly overrun regions.
“He initiated the creation of vital commands and formations to improve rapid response, including Nigerian Army Special Forces Command, Army Aviation Corps. These formations enhanced operational flexibility and strengthened counter-insurgency efforts.
“Under his tenure, the Army acquired modern armored vehicles, artillery systems, and combat drones, significantly increasing its firepower and tactical capabilities.
“Establishment of Nigerian Army University Biu (NAUB). Founded in 2018 in Biu, Borno State, NAUB focuses on advancing military education and research, supporting innovation and technology in military operations.
“Buratai championed soldiers’ welfare by introducing; Housing initiatives and educational opportunities.
Enhanced healthcare services which gave birth to one of the Best hospitals in Abuja ( COMMAND AND NAOWA HOSPITAL). These improved the morale and effectiveness of the troops.
“Promotion of Civil-Military Relations: He emphasized mutual trust and understanding between the Army and civilians, strengthening nationwide collaboration and public support.
“Support for Democracy; During election periods, Buratai ensured the Nigerian Army upheld constitutional order, playing a neutral and stabilizing role in Nigeria’s democratic processes.
“Nigerian Army Farms and Ranches; established agricultural projects to boost food security for soldiers and provide alternative welfare support for their families.
“Nigerian Army Institute of Technology and Environmental Studies. He founded this institute to train soldiers in technical and environmental disciplines, supporting their post-service careers.
“Advocacy for Cultural Integration in Security; after his retirement, Buratai actively promoted using Nigeria’s rich cultural heritage to enhance national security, emphasizing that no indigenous culture supports criminality.
“Army Structural Expansion Under Buratai. New Divisions
6th Division (Amphibious)– Port Harcourt, Rivers State
8th Division – Sokoto State.
“New Brigades and Units:16 Brigade– Yenagoa, Bayelsa State
17 Brigade – Katsina State
63 Brigade – Delta State
2nd Brigade – Akwa Ibom State
42nd Engineering Brigade
Fort Muhammadu Buhari Forward Operating Base – Daura, Katsina State
331 Artillery Tactical Forward Operating Base – Buratai, Borno State
Forward Operating Base, Okene – Kogi StaSpecialized Institutions and Facilities.
“Nigerian Army Aviation School,
Nigerian Army War College, Nigerian Army Resource Centre (NARC)– Abuja
Muhammadu Buhari Cantonment, Giri – Modern military housing in Abuja
“Here is a list of some infrastructural projects constructed or initiated under Lt. Gen. Tukur Yusuf Buratai during his tenure as Chief of Army Staff (2015–2021). These projects span military bases, educational institutions, healthcare facilities, roads, housing, and operational commands, reflecting his strategic focus on capacity building, welfare, and professionalism.
“Army Headquarters Command Structures. Remodeling and modernization of Army Headquarters Complex in Abuja.Renovation and expansion of Command Officers’ Mess in Abuja
“New Divisions and Formations Infrastructure. 6th Division Headquarters– Port Harcourt, Rivers State (including barracks and support facilities). 8th Division Headquarters – Sokoto State (administrative blocks, housing, operational centers).
“Brigades and Units Infrastructure:
16 Brigade Complex– Yenagoa, Bayelsa State.17 Brigade Complex– Katsina State.63 Brigade Complex– Asaba, Delta State.2 Brigade Forward Operating Base (FOB) – Ikot Abasi, Akwa Ibom State
1 Brigade Headquarters Complex – Gusau, Zamfara State.13 Brigade Complex– Calabar, Cross River State
“Specialized Institutions: Nigerian Army University Biu (NAUB) – Biu, Borno State
Nigerian Army War College– Abuja
Nigerian Army Resource Centre (NARC) – Abuja. Nigerian Army Aviation School– (location development under construction). Nigerian Army Institute of Technology and Environmental Studies – Makurdi, Benue State
“Medical Infrastructure: Renovation and expansion of 44 Nigerian Army Reference Hospital – Kaduna
Upgrading of Military Hospital – Port Harcourt, Establishment of new medical facilities in several divisions including Lagos, Abuja, and Maiduguri
Field hospitals were constructed in combat zones in the Northeast.
“Barracks and Residential Housing Projects; Muhammadu Buhari Cantonment, Giri – Abuja (state-of-the-art barracks and officers’ quarters)
Army Housing Estate – Kurudu, Abuja
Massive renovation and new construction of soldiers’ accommodation across all 6 geo-political zones
Construction of Forward Operating Base (FOB) Barracks– Buratai town, Borno State
“Forward Operating Bases (FOBs): FOB/171Bn Daura – Katsina State
FOB Okene – Kogi State
FOB Buratai– Borno State
Numerous FOBs in the Northeast, enhancing real-time response to insurgency.
“Army Farms and Ranches: Establishment of Nigerian Army Farms and Ranches in several divisions, providing food and economic support for troops.
“Roads and Internal Transportation; Construction of internal road networks within new barracks and cantonment
Upgrading of military access roads and connecting roads in conflict zones for logistics and troop movement
“Training and Capacity Building Centers: Modernization of Depot Nigerian Army – Zaria, Establishment of Command Science Secondary Schools in multiple states, Construction of training ranges and simulation centers across Army divisions, Renovation of military churches and mosque.
“These infrastructure projects were executed as part of Buratai’s vision to professionalize the Nigerian Army, improve troop welfare, and enhance operational readiness. They also reflect a balanced focus on education, healthcare, housing, logistics, and combat efficiency.
“Lt. Gen. Tukur Buratai’s legacy is not just in what he built but in how he inspired countless soldiers, myself included, to believe in the military institution again.
“He served tirelessly, restored honor to service, and laid a strong foundation for future generations of the Nigerian Army.
“I recalled how Harvard University Boston USA became an annex of the Nigerian Army in building and shaping the intuition of military officers across the rank beyond the traditional strategic institution like the Defense College NIPSS etc. I am a beneficiary and can proudly be rated. Allah bless our legend of yesterday, today, and tomorrow”.
society
NBA Ikorodu condemns systemic pressure on rape victims, says justice must never be negotiated
NBA Ikorodu condemns systemic pressure on rape victims, says justice must never be negotiated
By Ifeoma Ikem
The Nigeria Bar Association (NBA), Ikorodu Branch has condemned the systematic pressure on rape victims and also added that justice must not be negotiated no matter who is involved.
In a statement signed by Tessy Osakwe, the
alternate chairman of the committee against Domestic violence, child’s rights and persons living with disabilities of the Nigerian Bar Association, of the ikorodu branch,noted that there has been troubling tales of rise in the withdrawal of rape cases by victim’s parents before justice is served.
She said that the branch through its Domestic Violence Committee, Child’s Rights Committee, and Persons Living with Disabilities Committee, expressed deep concern over this disturbing trend which happens due to societal, family, institutional, or even economic pressure.
“Our committees have observed, with alarm, that many survivors particularly children, women, and persons with disabilities are often compelled to abandon legal proceedings due to threats, shame, victim-blaming, or interference from influential individuals seeking to shield perpetrators from accountability.
“This act of silencing victims not only denies them justice, but also emboldens offenders, perpetuates impunity, and weakens public confidence in the justice system.
“We remind the public that rape is a criminal offence under Nigerian law, and its prosecution is not subject to private negotiation or family settlement’’.
“Every victim has the right to be heard, protected, and supported throughout the legal process,’’ she added.
The branch, therefore, called on the law enforcement agencies to act with independence, integrity, and diligence in rape investigations and ensure survivors are not intimidated.
“Judicial officers and prosecutors should offer timely and trauma-informed legal support to victims; traditional and religious leaders should refrain from encouraging “out-of-court settlements” in rape cases and instead support survivors in seeking justice.
“The Lagos State Government, through the Ministry of Justice and Office of the Public Defender should expand survivor support services, including safe shelters, psychological care, and legal aid.
“The media to maintain sensitivity in reportage and protect the identities and dignity of survivors.
“And the Civil society and community groups create safe spaces for survivors to report abuse without fear or shame’’.
She promised the survivors and their families that they are not alone as the NBA Ikorodu Branch stands with them.
“Justice may be delayed, but with courage, support, and advocacy, it must not be denied,’’ she assured.
ICAN Members Set To Drag Institute To Court Over Disputed Election Rule
– Members cry foul over third-party payment ban, seek High Court injunction
By Temitope Adeyemi, Legal Correspondent
The Institute of Chartered Accountants of Nigeria (ICAN) is at the centre of a brewing legal storm following the issuance of controversial election guidelines that could bar numerous members from voting in the upcoming 2025 council elections.
In a formal pre-action notice dated 23 May and addressed to the ICAN Registrar, the law firm Abimbola & Abimbola, acting on behalf of Mr [Name Withheld] and a coalition of affected members, challenged the legality of a new directive which prohibits the payment of annual membership fees via third parties in an election year.
Describing the guideline as “illegal, unconstitutional, and ultra vires”, the solicitors argued that it is inconsistent with the ICAN constitution, codified in Chapter 185 of the Laws of the Federation of Nigeria 2004.
“Our clients are troubled by the lack of constitutional authority for such a sweeping restriction,” wrote A.J. Arinze, Esq., the lead counsel.
“This directive appears designed to disenfranchise legitimate members from exercising their constitutional right to vote in the ICAN elections scheduled for Tuesday, 27 May 2025.
”The legal notice further demands that ICAN provide specific statutory backing for the controversial clause and cease enforcement immediately. Failing a satisfactory response by 1:30 p.m. today, the claimants intend to approach the High Court for an injunction and other reliefs.
Claimants seek immediate court protection
The members are preparing to seek:A declaration that the guideline is void and unconstitutional; An interim and interlocutory injunction restraining ICAN from implementing the directive; A ruling affirming members’ right to pay fees via any lawful means, including by proxy, friend, employer, or association; An order of perpetual injunction barring ICAN from delisting members over such payments; And ₦10 million in damages for emotional distress caused by the publication and enforcement threat.
The notice cites the “Supreme Court decision in Ojukwu v. Governor of Lagos State (1985) 2 NWLR (Pt 10) as a caution against executive overreach and unilateral action pending judicial review.
Awaiting ICAN’s response
As at the time of going to press, ICAN had not issued an official statement on the matter. However, sources within the institute indicate the new rule has caused internal concern, particularly with less than a week to the council elections.
Legal experts say the case, if filed, could have far-reaching implications for how professional bodies in Nigeria regulate internal elections and member participation.
“This dispute goes beyond procedure,” noted Dr A. O. Okoye, a lecturer in corporate law. “It touches on constitutional rights, transparency, and the democratic integrity of professional associations.”
The High Court filing is expected if no response is received before the deadline. Members are watching closely to see whether ICAN will revise its stance or face a protracted legal battle.
-
society5 months agoNAPS Presidential Aspirant Lauds Tinubu’s ₦3.5 Trillion Education Budget, Advocates for Polytechnic Investment
-
Entertainment5 months agoAliu Gafar delivers stellar performance as Esusu in Femi Adebayo’s Seven Doors
-
celebrity radar - gossips5 months agoAlbums Reviews : Saheed Osupa’s Latest Release : A 2-in-1 Musical Experience
-
society2 weeks agoOGUN INVESTS OVER ₦2.25 BILLION TO BOOST AQUACULTURE