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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

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WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

 

There was a young man named Tunde who was born and raised in Lagos, Nigeria. However, as he got older, he decided to move abroad in pursuit of better opportunities.

 

 

 

WHY REAL ESTATE IS PROFITABLE IN LAGOS STATE BY DENNIS ISONG

 

 

 

He settled in the United States and began building a successful career in finance. Despite his success, Tunde couldn’t shake off the feeling of homesickness. He often thought about his family and friends back in Lagos, and the beautiful city that he had left behind.

 

 

 

 

 

 

 

 

Years passed, and Tunde had all but given up on ever returning to Nigeria. However, one day, he received a call from his sister back in Lagos.

 

 

 

 

 

 

 

 

She told him about the booming real estate market in the city and how property prices were skyrocketing. Tunde was intrigued and began researching the market.

 

 

 

 

 

 

 

He discovered that there was indeed a huge demand for properties in Lagos, and that the returns on investment were quite high.

 

 

 

 

 

 

After much consideration, Tunde decided to invest in a couple of properties back in Lagos.

 

 

 

 

 

He partnered with a reputable local real estate company, and soon enough, he had a few properties under his belt. To his surprise, the returns on his investment were even higher than he had initially thought.

 

 

 

 

 

 

Tunde was thrilled with the success of his investments, and he couldn’t believe that he had almost missed out on such a great opportunity.

 

 

 

 

 

 

 

Feeling financially secure and with a sense of fulfillment, Tunde decided to return to Lagos.

 

 

 

 

 

 

He was greeted with open arms by his family and friends, and he felt like he was truly home. He decided to give back to the community and started mentoring young entrepreneurs interested in the real estate market.

 

With his newfound success and sense of belonging, Tunde couldn’t be happier. He realized that sometimes, taking a chance and going back to one’s roots can lead to great rewards.

 

 

 

 

 

 

Without dragging feet and picking from Tunde’s experience, let me highlight why real estate is profitable in Lagos state?

 

  1. Population growth

 

Lagos is the most populous city in Nigeria, with a population of over 21 million people. This large population creates a constant demand for housing, making real estate a profitable investment.

 

  1. Economic growth

 

Lagos is the commercial capital of Nigeria and one of the fastest-growing economies in Africa.

 

 

Economic growth in the city leads to an increase in disposable income, which in turn drives demand for real estate.

 

  1. Limited supply

 

The supply of land in Lagos is limited, which drives up property values. The government has also placed restrictions on the development of certain areas, further limiting the supply of land available for real estate development.

 

  1. Foreign investment

 

The Nigerian government has been actively promoting foreign investment in the country, and Lagos is a popular destination for foreign investors. This has led to an increase in demand for real estate and driven up property values.

 

5.Rental income

 

The high cost of living in Lagos and the limited availability of affordable housing make rental properties a profitable investment.

 

The demand for rental properties is consistently high, which allows landlords to charge high rents and enjoy steady rental income.

 

  1. Developing Infrastructure

 

Lagos is undergoing significant infrastructure development. The government is investing in the construction of new roads, bridges, and public transportation systems.

 

 

This infrastructure development is making it easier for people to move around the city and access different areas, which is driving the development and growth of real estate markets in previously underdeveloped areas.

 

  1. High returns on investment

 

Real estate in Lagos tends to appreciate in value over time, offering investors high returns on their investment.

 

This is due in part to the limited supply of land and the high demand for housing, as well as the city’s economic growth and infrastructure development.

 

  1. Diversification

 

Investing in real estate in Lagos can diversify an investment portfolio, as it offers a different type of investment opportunity than traditional stocks or bonds.

 

Diversifying one’s investments can help mitigate risk and potentially provide higher returns over time.

 

Buying a property in Lagos is a venture you can never regret. In Nigeria, there’s a huge market that favors everyone in real estate already. Why don’t you start taking some steps toward it?

 

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

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Lagos 2027: Obasa hosts Hamzat, Promises Support for Governorship Bid

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Lagos 2027: Obasa hosts Hamzat, Promises Support for Governorship Bid

Lagos 2027: Obasa hosts Hamzat, Promises Support for Governorship Bid

 

The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr.) Mudashiru Ajayi Obasa, on Thursday, played host to Deputy Governor Dr. Obafemi Hamzat at his official residence in GRA, Ikeja, promising to galvanise his expansive political structure to ensure Hamzat’s victory at the forthcoming governorship election.

Dr Hamzat is the presumptive APC candidate for the Lagos governorship seat, and the engagement was part of his ongoing strategic consultations with All Progressives Congress (APC) stakeholders and leaders.

Speaker Obasa extolled Hamzat’s pedigree, commitment to infrastructure development, and loyalty to the party, adding that for the continued development of Lagos State, every discerning electorate must rally round him.

“I just returned from Abuja, and the conversation remains the same – Dr. Kadri Obafemi Hamzat is the next Governor of Lagos State. You have demonstrated unquestionable loyalty to our great party and even greater competence in serving Lagos. We love you, we support you, and we will do everything to ensure that we win the election,” Speaker Obasa declared.

Lagos 2027: Obasa hosts Hamzat, Promises Support for Governorship Bid

Responding, Dr Hamzat expressed gratitude for the warm reception while highlighting Obasa’s legislative experience and political network, which he said are invaluable. He reiterated his focus on collaborative governance, saying, “Lagos is a collective project. My consultations are not about personal ambition but about ensuring continuity, innovation, and inclusive development for our people,” Hamzat said.

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Police Repel Coordinated Kidnap Attack In Sokoto, Launch Manhunt

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Police Repel Coordinated Kidnap Attack In Sokoto, Launch Manhunt

 

Security operatives in Sokoto State have foiled a coordinated kidnapping attempt by armed bandits targeting two communities, killing one suspect and launching a manhunt for others who escaped with injuries.

 

According to a statement by the Police Public Relations Officer of the command, Ahmad Rufa’i, the operation was carried out in the early hours of Thursday following a distress call received at about 12:30 a.m. reporting simultaneous attacks on Illela Village, also known as Achida Town, and Kwargaba Hamlet.

 

“The Anti-Kidnapping Unit, in collaboration with other tactical teams, responded swiftly to the distress call,” he said. “Our operatives, who were already on high alert, engaged the bandits in a fierce gun duel and successfully repelled the attack.”

 

Rufa’i disclosed that the security forces overpowered the assailants after a prolonged exchange of gunfire, neutralising one suspect who was dressed in military camouflage, while others fled with gunshot wounds into the nearby Gundumi Forest.

 

“An intensive manhunt is ongoing to track down the fleeing suspects who escaped into the forest with varying degrees of injuries,” he added.

 

However, before the arrival of security personnel, the bandits reportedly shot and killed a member of the Kwargaba community vigilante group. His body has since been recovered and released to his family for burial.

 

The police spokesperson urged residents to remain vigilant and report any suspicious movements or individuals to the nearest security agency, assuring that efforts are being intensified to ensure the safety of lives and property across the state.

 

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The Kendrick Brothers, Cameron Arnett, Kingdom Story Company, Bright Wonder Obasi Train 60 Christian Filmmakers in Nigeria

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 The Kendrick Brothers, Cameron Arnett, Kingdom Story Company, Bright Wonder Obasi Train 60 Christian Filmmakers in Nigeria

 

 

Abuja, Nigeria – April 23, 2026

Successful actors, producers and movie makers like; the Kendrick Brothers, Cameron Arnett, Kingdom Story Company, Bright Wonder Obasi were among the facilitators who trained 60 Christian Filmmakers in Nigeria at the just concluded Africa Gospel Film Project (AGFP) 2026.

 

The groundbreaking 6-day Intensive Filmmaking Masterclass and Spiritual Formation Program, were 60 emerging Christian filmmakers from Nigeria and Zambia were trained in Abuja was held at the Gospel Cinema International /High Definition Film Academy (HDFA) Facility in Gwarinpa.

 

The program brought together a distinguished lineup of facilitators from Nigeria and the United States, positioning AGFP as a leading platform for faith-based filmmaking development in Africa.

 

Among the international facilitators was Stephen Kendrick of the Kendrick Brothers, known for films such as The Forge, War Room, Facing the Giants, and Courageous, Overcomer, Fireproof, who delivered a powerful session titled “Heart of The Filmmaker.” Also featured was Cameron Arnett, who led sessions on “Christ Over Career” and acting for film.

 

Other notable speakers included Nick Carey (Kingdom Story Company), who spoke on “The Making of a Faith-Based Blockbuster Movie,” as well as Bob Saenz (Screenwriting Masterclass), Beverly Holloway (Acting Masterclass), David Cook, Adam Drake, Prince Daniel (Aboki), Lummie Adevbie, Chris Odeh, and Jennifer Keltner (Identity & Storytelling), among others.

 

The program opened with a strong spiritual foundation, including worship and a keynote by the Convener, Bright Wonder Obasi, titled “Calling & Identity: Film as Spiritual Influence/Programming,” which challenged participants to view storytelling as a tool for cultural and spiritual transformation.

 

Participants were grouped into four production studios—House of Gideon, House of Caleb, House of Joshua, and House of David—and underwent three days of intensive masterclasses and workshops across screenwriting, directing, cinematography, acting, editing, and producing, alongside deep spiritual formation.

 

On Day 4, teams developed and pitched short film concepts for professional review and approval. Day 5 was dedicated to full-scale production, with all four teams executing their projects under real industry conditions.

 

The program culminated on Day 6 with:

A Pitch-A-Thon, where 20 filmmakers presented original projects for funding and collaboration.

 

A public screening of four short films produced during the program

Professional feedback from a panel of judges.

 

Certification of all participants

 

Awards for best Screenplay, Cinematography, directing, editing, acting, and overall best short film.

 

The closing ceremony featured a powerful commissioning session led by Pastor Ikenna Okeke, where participants were prayed for and consecrated as “God’s Creative Army.”

 

Speaking after the event, the Convener, Bright Wonder Obasi, described AGFP 2026 as “a movement to raise storytellers who will shape culture and influence nations through truth-driven films.

 

Films that honor God”

With its successful debut, AGFP is now preparing for its next edition, following its mandate to train 300 Christian filmmakers across Africa and develop a slate of six global faith-based films over a three-year period.

The Africa Gospel Film Project continues to position itself as a catalyst for purpose-driven storytelling, industry excellence, and spiritual transformation in African cinema.

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