Business
10 REASONS WHY YOU MUST EXERCISE PATIENCE WHEN BUYING AN OFF-PLAN PROPERTY IN LAGOS by Dennis Isong
10 REASONS WHY YOU MUST EXERCISE PATIENCE WHEN BUYING AN OFF-PLAN PROPERTY IN LAGOS by Dennis Isong
PROPERTY IN LAGOS– Investing in real estate, especially in a fast-paced market like Lagos, requires careful consideration and strategic planning. One option that has gained popularity in recent years is purchasing off-plan properties. These properties are purchased before construction is completed, offering potential buyers a chance to secure a property at a lower price. However, when it comes to off-plan purchases, patience is a virtue that cannot be overlooked. In this article, we will discuss five compelling reasons why patience is crucial when buying an off-plan property in Lagos.
1) Comprehensive Research and Due Diligence:
Buying an off-plan property necessitates conducting thorough research and due diligence. From verifying the developer’s track record to assessing the property’s location and potential market value, patience is essential in gathering and analyzing all the necessary information. Rushing into a purchase without adequate research can lead to unfavorable outcomes, such as investing in a poorly constructed property or an undesirable location. Patience allows you to make informed decisions based on reliable information, ensuring a successful investment.
2) Property Development Timeline:
One significant aspect of purchasing an off-plan property is the waiting period until completion. Developers provide an estimated timeline for completion, but unforeseen circumstances can often lead to delays. Patience is essential during this waiting period, as it allows you to manage your expectations and avoid unnecessary stress. Being patient ensures you are prepared for any potential delays and gives you the mental fortitude to handle unexpected challenges that may arise during the construction phase.
3) Potential Price Appreciation:
One of the main advantages of buying off-plan is the potential for price appreciation. As the property progresses through the construction stages, its value can increase significantly. Patience is crucial in capitalizing on this potential appreciation. Rushing to sell the property immediately after completion may lead to missed opportunities for substantial profits. By exercising patience, you can maximize your return on investment by waiting for the optimal time to sell or lease the property.
4) Customization and Personalization:
Purchasing an off-plan property often offers the advantage of customization and personalization. You can work with the developer to make design choices and select finishes that align with your preferences. However, this customization process requires patience. It involves multiple consultations, design revisions, and coordination with the developer. Being patient ensures that you make thoughtful decisions and end up with a property that truly reflects your vision and meets your requirements.
5) Secure Better Financing Options:
Buying an off-plan property in Lagos requires careful financial planning. Patience plays a crucial role in securing better financing options. Taking the time to research various lenders, compare interest rates, and assess your financial capacity allows you to secure favorable mortgage terms. Rushing into financing decisions without patience can result in higher interest rates or unfavorable loan conditions, affecting the long-term financial viability of your investment.
6) Mitigating Risks and Ensuring Quality:
Patience plays a vital role in mitigating risks associated with off-plan property purchases. By taking the time to thoroughly review contracts, warranties, and guarantees, you can protect yourself from potential pitfalls. Patience allows you to assess the reputation and credibility of the developer, ensuring that they have a proven track record of delivering quality projects. Rushing into a purchase without exercising patience increases the chances of encountering construction issues or disputes that could have been avoided with careful consideration.
7) Capitalizing on Early Bird Discounts and Incentives:
Developers often offer attractive early bird discounts and incentives to buyers who commit to purchasing off-plan properties at the pre-construction stage. Patience is key in capitalizing on these benefits. By patiently waiting for the right opportunity, you can secure a property at a more affordable price or take advantage of additional perks such as payment plans, furniture packages, or waived fees. Rushing into a purchase may result in missing out on these advantageous offers.
8) Market Observation and Timing:
The real estate market in Lagos is dynamic, and market conditions can fluctuate. Patience is crucial when it comes to market observation and timing. By patiently monitoring market trends, you can make an informed decision about when to enter the market and purchase an off-plan property. Waiting for favorable market conditions can potentially lead to better pricing, increased demand, and improved resale or rental prospects. Rushing into a purchase without considering market dynamics may result in an investment that doesn’t align with market realities.
9) Building Relationships with Developers and Agents:
Developing strong relationships with developers and real estate agents takes time and patience. By patiently networking and connecting with industry professionals, you gain access to a broader range of off-plan property options and valuable insights. Building relationships also increases your chances of receiving exclusive offers and being notified of upcoming projects before they are publicly announced. Rushing the process may limit your networking opportunities and hinder your ability to access the best off-plan property deals.
10) Emotional Preparedness and Peace of Mind:
Buying an off-plan property is a significant investment that can evoke a range of emotions. Patience allows you to be emotionally prepared and maintain peace of mind throughout the process. Taking the time to reflect on your financial goals, considering the risks and rewards, and understanding the potential challenges helps you approach the purchase with a calm and rational mindset. Rushing into a decision without patience may lead to regret or anxiety if unexpected hurdles arise.
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
Business
Aare Adetola EmmanuelKing Felicitates Olofin of Ilisan Remo on 86th Birthday
Aare Adetola EmmanuelKing Felicitates Olofin of Ilisan Remo on 86th Birthday
The Borokinni of Ilishan Remo, Sir Aare Adetola EmmanuelKing KOF, has extended warm birthday felicitations to the Olofin of Ilisan Remo, His Royal Majesty, Oba (Dr.) Barr. Michael Olufemi Mojeed Sonuga Daniyan II, as the revered monarch celebrates his 86th birthday anniversary.
In a statement released to commemorate the royal father’s birthday, Aare Adetola EmmanuelKing described the monarch as a symbol of peace, wisdom, progress, and exemplary royal leadership, whose reign has continued to bring honor and development to Ilisan Remo.
According to him, since ascending the revered throne of his forefathers, the Olofin has consistently demonstrated purposeful leadership and unwavering commitment to the unity, growth, and cultural advancement of the kingdom, while fostering peace and harmony among the people.
He further noted that the monarch’s reign has inspired pride and confidence among indigenes of Ilisan Remo both at home and in the diaspora, adding that Kabiyesi’s dedication to community development and preservation of tradition remains highly commendable.
The Borokinni prayed for continued divine grace, sound health, long life, and greater wisdom for the royal father as he continues his impactful reign on the throne of his ancestors.
“On behalf of my family, associates, and well-wishers, I heartily congratulate His Royal Majesty, Oba (Dr.) Barr. Michael Olufemi Mojeed Sonuga Daniyan II, the Olofin of Ilisan Remo, on the joyous occasion of his 86th birthday. May Almighty God continue to strengthen Kabiyesi with peace, sound health, and many more years of fruitful reign,” he stated.
Business
Aliko Dangote Foundation, WEF Unveil 2026 YGL Aliko Dangote Fellows
Aliko Dangote Foundation, WEF Unveil 2026 YGL Aliko Dangote Fellows
…Spotlighting Africa’s Next Generation of Change Leaders
World Economic Forum (WEF) in partnership with the Aliko Dangote Foundation (ADF) has announced the 2026 cohort of the Young Global Leaders (YGL) Aliko Dangote Fellows, highlighting a new generation of African leaders committed to expanding opportunity and strengthening institutions across the African continent.
The Fellowship serves as a critical bridge between Africa’s emerging changemakers and the global Young Global Leaders network, fostering collaboration, knowledge exchange, and sustainable development. The YGL Aliko Dangote Fellowship supports high-impact African leaders by enabling their full participation in the Forum of Young Global Leaders (YGL) programme and broader WEF activities.
WEF said the 2026 YGL Aliko Dangote Fellows represent diverse professional backgrounds spanning healthcare, technology, entrepreneurship, and advocacy across sub-Saharan Africa. The newly selected fellows are Dr. Esperance Luvindao; Charlot Magayi, Founder of Mukuru Clean Stoves; Rewa Udoji, Founder of Cranstoun; Dr. Stephen Modise; Dr. Musa Kika; Hatim Eltayeb; Kemi Lala Akindoju; and Vimbai Masiyiwa.
With a strong emphasis on empowering women leaders, the Fellowship is designed to support Africans shaping solutions to pressing social and economic challenges while strengthening leadership capacity across key sectors.
Over the past 14 years, the Aliko Dangote Foundation–powered Fellowship has supported more than 130 young African leaders, providing access to Davos meetings, executive education opportunities, and influential peer networks that amplify African voices on the global stage.
Commenting on the announcement, Fatima Aliko Dangote, Trustee of the Aliko Dangote Foundation and Group Executive Director, Oil & Gas, Dangote Industries Limited, described the 2026 fellows as “leaders who will expand opportunity and strengthen institutions, advancing Africa on its own terms.”
She added: “Africa’s future will be defined by the strength of its people. When the right leaders—especially women—are empowered and given a global voice, they do not just lead; they reshape what is possible. That is why we invest in people: because it is the surest path to lasting global prosperity, stability, and self-determination. The 2026 cohort embodies this vision.”
According to her: the 2026 YGL Aliko Dangote Fellows represent that future leaders who will expand opportunity and strengthen institutions, advancing Africa on its own terms while helping define a world whose future will be shaped by the continent.
She explained that the idea behind the YGL Aliko Dangote Fellowship is to cultivate, empower, and support exceptional African leaders under 40, ensuring they have the resources to participate in the World Economic Forum (WEF)’s Young Global Leaders (YGL) community. It specifically aims to accelerate their impact on the continent and globally.
Details of the new fellows in the announcement indicated that; Hatim Eltayeb, is the Chief Executive Officer of African Leadership Academy, strengthening one of the continent’s most important leadership institutions; Dr Esperance Luvindao, Namibia’s Minister of Health and Social Services, combining clinical experience with digital health and grassroots innovation; Charlot Magayi, the Kenyan founder of Mukuru Clean Stoves, linking clean energy, public health and livelihoods; Dr Stephen Modise, Botswana’s Minister of Health, bringing a data-driven approach to public health reform.
Dr Musa Kika, Executive Director of the Institute for Human Rights and Development in Africa, using law to defend constitutionalism and civic space; Rewa Udoji, the Nigerian artist and finance professional whose work bridges culture, capital and women’s economic literacy; Kemi Lala Akindoju, the Nigerian producer and actor helping reshape the creative economy through talent development, financing and more grounded storytelling; and Ms Vimbai Masiyiwa, co-founder and Chief Executive Officer of Batoka Africa, building a model of tourism rooted in sustainability, community ownership and women’s empowerment. Together, they reflect the range of leadership the fellowship is designed to support public leaders, entrepreneurs, institution-builders and cultural actors already shaping systems in very different ways.
It would be recalled that Aliko Dangote YGL Fellowship has supported more than 90 Fellows from over 25 African countries, thus enabling full participation in the World Economic Forum’s Young Global Leaders programme through access to convenings, executive education, peer networks and global platforms.
Over that period, Fellows have taken part in more than 400 engagements across Annual Meetings, regional summits and learning modules, contributing to debates on finance, climate, health, technology and governance.
Business
Norwegian Sovereign Wealth Fund Eyes Partnership with Dangote Group on Africa Investments
Norwegian Sovereign Wealth Fund Eyes Partnership with Dangote Group on Africa Investments
The President/Chief Executive of Dangote Group, Aliko Dangote has held a high-level meeting with Nicolai Tangen, the Chief Executive Officer of Norges Bank Investment Management, the world’s largest sovereign wealth fund manager, overseeing assets valued at approximately $1.9 trillion.
At the meeting, the Norwegian investment institution expressed strong interest in partnering with Dangote Group to expand its footprint across the African continent, with a focus on strategic sectors including power, energy, renewables, agriculture, fertiliser and cement.
Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, one of the world’s leading fertiliser and agricultural companies, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The engagement shows growing global investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation.
For Dangote Group, the potential partnership represents a significant opportunity to deepen its investments across key sectors critical to Africa’s development, particularly in energy transition, food security and industrial capacity expansion.
The Norwegian sovereign wealth fund, widely regarded as a benchmark for global institutional investment, has in recent years shown increased interest in emerging markets, with Africa seen as a frontier for long-term value creation.
The collaboration between the fund and Dangote Group could unlock substantial capital flows into critical infrastructure and industrial projects, further accelerating economic growth and regional integration across the continent.
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