Business
2025: What Investors Need to Know About the Market of Property Investment in Nigeria by Dennis Isong
Think about Lekki in Lagos—just a few years ago, it was mostly bush, but today, it’s prime property.

Investing in Nigerian real estate is like planting a fruit tree—there’s effort, patience, and planning involved, but when it grows, it yields rewards for years.
Nigeria’s property market is full of opportunities, but it can be tricky for investors without the right knowledge.
Let’s break it down simply, so you know what to expect.
1. Nigeria’s Population is an Advantage Nigeria is Africa’s most populous country, with over 200 million people.
That’s a lot of people needing homes, offices, schools, and businesses!
This population growth creates a constant demand for properties. So, whether you’re investing in residential housing, commercial properties, or even land banking, you’re tapping into a growing market.
Quick Tip: Focus on areas with rising populations, like Lagos, Abuja, Port Harcourt, and emerging cities like Ibadan or Enugu.
2. Land is King In Nigeria, land is one of the safest investments. Unlike buildings that can deteriorate, land appreciates over time, especially in growing areas.
Think about Lekki in Lagos—just a few years ago, it was mostly bush, but today, it’s prime property.
What to Watch Out For:
● Ensure the land has proper documents like a Certificate of Occupancy (C of O) or a Governor’s Consent.
● Avoid omo-onile troubles by buying from reputable sellers or companies.
3. The Power of Location Location is everything in real estate.
A property in a developed area with good roads, schools, and electricity will fetch more value than one in a remote, inaccessible location. For instance:
● Lagos Island (Ikoyi, Victoria Island, Lekki): Good for high-end properties.
● Mainland (Ikeja, Yaba, Surulere): Perfect for mid-range investments.
● Emerging suburbs (Epe, Ibeju-Lekki): Great for long-term investments. Golden Rule: Research the area thoroughly.
Visit the property site, ask questions, and observe the neighborhood.
4. Real Estate Investment is Not a Sprint Let’s be honest—property investment isn’t for the impatient.
While quick flips (buying and selling quickly) can happen, most returns in real estate come over time. Whether it’s rental income, land appreciation, or property resale, you need patience.
Example: If you buy land in Epe for ₦1 million today, it might not appreciate significantly in the next year. But in 5–10 years, it could be worth ₦10 million or more!
5. Diversify Your Portfolio Don’t put all your eggs in one basket.
Mix things up! You can invest in:
● Residential properties: Apartments, duplexes, or bungalows.
● Commercial properties: Shops, offices, or warehouses.
● Land banking: Buying and holding land for future resale. By diversifying, you reduce risks and open up multiple income streams. 6. Know the Risks and How to Avoid Them Like every business, real estate has its risks:
● Legal Issues: Fake land documents, disputes, or government acquisition.
● Market Trends: Property values can fluctuate, depending on the economy.
● Maintenance Costs: Properties need upkeep, especially rental ones.
How to Reduce Risks:
● Work with trusted real estate agents or companies.
● Verify property documents with lawyers.
● Research market trends before investing. 7. Explore Financing Options You don’t need to be a billionaire to invest in Nigerian real estate. There are financing options like:
● Mortgage loans: Offered by banks and mortgage institutions.
● Co-investing: Partnering with others to buy a property.
● Installment plans: Some developers allow you to pay in bits over time. Pro Tip: Understand the terms of any loan or payment plan. Ensure it aligns with your financial capacity.
8. Rental Income is a Goldmine One of the easiest ways to make money from real estate is through rentals.
Whether it’s residential apartments, office spaces, or short-term rentals (like Airbnb), rental income provides steady cash flow.
What You Should Know:
● Properties close to universities, business hubs, or major roads attract higher rents.
● Tenants expect basic amenities like water, electricity, and security.
9. Emerging Trends in Nigerian Real Estate.
The Nigerian property market is evolving. Some trends to keep an eye on include:
● Smart Homes: Technology-driven homes with automated features.
● Co-Working Spaces: As remote work rises, shared office spaces are gaining popularity.
● Affordable Housing: Developers are targeting middle and low-income earners with budget-friendly homes.
Being aware of these trends can help you position your investments for the future. 10. Start Small and Grow Many people think they need millions to start investing in real estate. That’s not always true.
You can start small and grow.
For instance:
● Buy a small piece of land in an upcoming area.
● Invest in a one-bedroom apartment for rent. ● Partner with others to co-own a property.
11. The Role of Real Estate Agents and Experts
Don’t try to do everything alone. Real estate agents, surveyors, and lawyers are your friends in this journey.
They’ll help you navigate the complex process of buying, selling, or renting properties. Dennis Isong’s Advice: Always work with professionals who have a track record of honesty and success in the market.
12. Tax and Regulatory Issues Don’t forget that property investment comes with taxes and regulations.
For instance:
● Land Use Charge: Payable annually on properties in Lagos.
● Capital Gains Tax: When you sell a property at a profit. Stay updated on these requirements to avoid penalties.
13. Opportunities in Rural Areas Urban areas like Lagos and Abuja may dominate headlines, but rural areas also hold potential.
As Nigeria develops, rural areas are turning into new hotspots for businesses and housing.
For example:
● Invest in farmland for agriculture.
● Buy land near upcoming government projects, like roads or airports.
14. Never Stop Learning
The real estate market is dynamic. New laws, trends, and opportunities arise frequently.
As infrastructure in Epe improves through government-funded projects supported by tax reforms, your land value appreciates significantly. Over 5–10 years, your property could fetch a value of ₦15 million, yielding substantial returns.
To stay ahead, keep learning:
● Attend real estate seminars.
● Follow market news.
● Network with other investors. The recent tax reform and changes in bank charges in Nigeria have significant implications for real estate investors, both positive and challenging.
Incorporating these developments into your investment strategy can help you maximize returns and minimize risks.
15. Impact of Tax Reforms on Real Estate The Nigerian government has introduced reforms aimed at streamlining tax collection and fostering economic growth.
These changes have direct and indirect benefits for real estate investors: a. Lower Compliance Costs Streamlined tax processes reduce bureaucratic delays, making it easier for property owners to comply with tax obligations like Land Use Charges and Capital Gains Tax. This clarity ensures fewer penalties and better financial planning. b. Improved Infrastructure Development Tax revenues are increasingly being channeled into infrastructure development, such as roads, railways, and power projects.
This directly boosts property values, especially in areas where such projects are underway, like Epe, Ibeju-Lekki, and the outskirts of Abuja. c. Incentives for Affordable Housing
To address Nigeria’s housing deficit, tax incentives are now available for developers investing in low-income housing.
This creates opportunities for investors to partner with developers or invest in projects targeting middle and low-income earners.
How to Benefit:
● Stay informed about tax reforms through newsletters and government updates.
● Take advantage of tax holidays and exemptions available for certain real estate developments.
16. Bank Charges and Real Estate Financing
The Central Bank of Nigeria (CBN) has recently revised bank charges, which affects how investors access financing.
Here’s how this impacts your real estate investments:
a. Lower Transaction Costs Reduced charges for bank transfers and e-banking services make it cheaper to process payments, whether you’re paying for land, construction materials, or rental income management.
b. Accessible Mortgage Loans Banks are under pressure to make mortgage loans more accessible and affordable.
Lower interest rates and reduced processing fees are encouraging more Nigerians to consider homeownership or property investment.
c. Easier Installment Payments For installment plans offered by developers, lower bank charges mean fewer deductions on recurring payments. This makes it easier for investors to stick to payment schedules.
How to Benefit:
● Negotiate favorable terms with banks, especially for long-term property loans.
● Use e-banking platforms to save on transaction fees when making payments.
Practical Example Imagine you purchase land in Epe for ₦2 million using a bank loan.
With reduced interest rates and minimal transfer charges, you save money both on the initial payment and subsequent installments.
As infrastructure in Epe improves through government-funded projects supported by tax reforms, your land value appreciates significantly. Over 5–10 years, your property could fetch a value of ₦15 million, yielding substantial returns.
Key Takeaways
● Understand Tax Benefits: Take full advantage of tax reforms and incentives for real estate development.
● Leverage Affordable Financing: Use reduced bank charges and improved mortgage options to your advantage.
● Plan for Growth: Invest in areas benefiting from infrastructure projects funded by tax revenues. By incorporating these reforms into your real estate strategy, you position yourself to thrive in Nigeria’s evolving property market.
Keep learning, stay patient, and make informed decisions to secure your financial future.
In Conclusion
The Nigerian property market is a land of opportunities, but it’s not without challenges.
With the right knowledge, planning, and patience, you can turn your investment into a goldmine.
Remember: Start small, think long-term, and always consult experts when in doubt.
Real estate is a journey, and every smart step you take brings you closer to financial freedom.
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Business
Senate Constitutes Abdullahi Yahaya Tax Harmonisation Committee
Altogether, the four Tax Reform bills were Executive Bills transmitted by President Bola Ahmed Tinubu to the two chambers of the National Assembly in November last year.

The Senate on Thursday constituted a committee saddled with the responsibility of harmonizing its amendments to the tax reform bills with the House of Representatives version for final transmission to President Bola Ahmed Tinubu.
Senate President, Godswill Akpabio, announced this during plenary after the passage of the bills.
Akpabio named senator Abdullahi Yahaya (Kebbi North) as chairman of the committee.
The members of the committee as announced by the Senate President are Senate Minority Leader, Abba Moro (PDP, Benue South), Chief Whip, Tahir Mongumo (APC, Borno North), Enyinnaya Abaribe (Abia South), Abdulaziz Yari (Zamfara), and Solomon Adeola (APC, Ogun West).
Earlier, the remaining two Tax Reform Bills — the Nigeria Tax Bill 2025 and the Joint Revenue Board (Establishment) Bill, 2025.
This was in addition to passage of the Nigeria Revenue Service (Establishment) Bill, 2025, and the Nigerian Tax Administration Bill, 2025.
Altogether, the four Tax Reform bills were Executive Bills transmitted by President Bola Ahmed Tinubu to the two chambers of the National Assembly in November last year.
The passage of the bills was sequel to the consideration and adoption of a report of the Senate Committee on Finance presented by its Chairman, Senator Sani Musa (APC, Niger East).
Business
Meta’s Exit to Throw 20 million Nigerian MSMEs Out of Business
The Global System for Mobile Communications Association reported that Nigerian MSMEs rely heavily on Facebook and Instagram for sales, customer engagement, and brand visibility.

A Digital Marketing Consultant at EssenceMediacom, Olayinka Shobola, believes that a shutdown of Facebook and Instagram operations in Nigeria would deal a serious blow to Nigeria’s digital economy, especially millions of micro, small, and medium enterprises (MSMEs).
The Global System for Mobile Communications Association reported that Nigerian MSMEs rely heavily on Facebook and Instagram for sales, customer engagement, and brand visibility.
“Meta Platforms’ threat to halt operations in Nigeria could devastate 56 percent of the nation’s 39.6 players in the information technology space,” Shobola said, stressing that such an exit would erode tax revenues and force businesses to seek costly alternatives, as a $290 million fine dispute with regulators intensifies.
“Businesses that built their brands on Meta’s platforms would face immediate challenges.
The platforms have become essential tools for business survival and growth in Africa’s largest economy, where SMEs contribute nearly 50 per cent to GDP and represent more than 96 per cent of registered businesses.
“Most likely affected businesses will pivot to platforms like X or TikTok for short-term survival, but long-term, they’ll need to invest in standalone e-commerce or offline channels,” Shobola said.
“Jobs will take a hit; marketers, influencers, and agencies will lose contracts overnight.”
Statista forecasts a $148.2m social media ad market in 2025, with Facebook commanding up to $120m, driven by 38 million ad-reachable users.“My shop practically lives on these platforms, especially Instagram,” Lagos-based baker Fatima Tunde said. “If it’s gone, I’m out of business.”
Business
UAE Invests in $25bn African- Atlantic Gas Pipeline
The gas pipeline will connect Nigeria’s gas network with Morocco’s southern city of Dakhla and then go northward toward Europe.

•Gas pipelines
Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, said that the UAE is now one of the supporters of the Nigeria to Morocco gas pipeline project, which is estimated to cost $25 billion.
“The project now called the “African-Atlantic Gas Pipeline”, has won the support of IDB, OPEC Fund, EIB and the UAE,” Benali told Nigerian lawmakers, this week.
Benali also said that Morocco has finished all the feasibility and engineering studies needed for the pipeline.
Moroccan industry experts said that the project has already passed the feasibility study and Front End Engineering Design stages.
The gas pipeline will connect Nigeria’s gas network with Morocco’s southern city of Dakhla and then go northward toward Europe.
The line will pass through 15 African countries, boosting trade, development, and access to electricity in the region.
In Phase One, it will link Morocco to gas fields near Senegal and Mauritania, and connect Ghana to the Ivory Coast.
Phase Two will link Nigeria to Ghana, while Phase Three will connect the Ivory Coast to Senegal.
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