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5 Factors Beyond Your Control In Lagos Real Estate BY DENNIS ISONG

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” Economic conditions, such as inflation, interest rates, and currency fluctuations, are beyond the control of individual investors but can significantly affect property values.”

Real estate investment is a complex venture that involves both strategic decision-making and an understanding of external factors that can significantly impact returns.

In this article, we will delve into five crucial factors that are likely to affect real estate investments in Lagos, Nigeria, factors that are beyond the control of the investor. Managing these elements is crucial for successful risk management and optimizing investment returns.

  1. Infrastructure Developments:

One of the key factors beyond an investor’s control is the infrastructure development in a particular location. Government plans, such as the construction of expressways, roads, drainage systems, railways, or airports, can have a substantial impact on property values.

While positive developments can significantly increase property values, delays or changes in government plans can have negative effects.

Risk Management: Investors should thoroughly research the reputation of developers and assess their track record in delivering promised infrastructure. Diversifying investments across locations with different development plans can also help mitigate risks associated with infrastructure changes.

  1. ▪︎Economic Conditions and Policies:

Government policies and economic conditions play a crucial role in shaping the real estate landscape. Changes in policies, especially those related to the financial sector or real estate, can impact investments positively or negatively. Economic conditions, such as inflation, interest rates, and currency fluctuations, are beyond the control of individual investors but can significantly affect property values.

Risk Management: Diversifying investments across different states can help spread the risk associated with changes in economic conditions or policies in a particular region. Staying informed about government policies and economic indicators is essential for proactive risk management.

  1. ◇ Security and Neighborhood Dynamics:

The security of a location and the nature of its neighborhood are vital factors influencing real estate values. Classy neighborhoods often attract high-value investments, but changes in security conditions or neighborhood dynamics can alter the desirability of a location.

Risk Management: Researching the security history of an area and staying updated on any changes is essential. Additionally, investors can diversify their portfolio by investing in emerging locations that show potential for growth and desirability.

  1. Climate and Weather Conditions:

Global warming and unpredictable climate patterns can impact real estate investments. Flooding, changing rainfall patterns, and extreme weather events can affect property values. Investors need to be aware of the climate conditions in the areas they are considering for investment.

Risk Management: Investing in locations with good drainage systems and considering diversification across different climate zones in Lagos can help mitigate risks associated with climate and weather conditions.

  1. ◇ Migration Patterns:

The movement of people into or out of a particular area can significantly affect real estate investments. Increasing population density can drive up demand for both residential and commercial properties. However, excessive migration may result in a loss of serenity and desirability, prompting some investors to exit.

Risk Management: Understanding migration patterns and investing in areas with a balanced mix of population growth and tranquility is essential. Diversifying across different types of locations can also help manage risks associated with migration.

Conclusion:

Real estate investment in Lagos, like any market, comes with its set of unpredictable elements. Investors need to carefully analyze and manage factors beyond their control to ensure the success and resilience of their portfolios. By diversifying investments, staying informed about market dynamics, and adopting proactive risk management strategies, investors can navigate the complexities of the Lagos real estate market with greater confidence.

▪︎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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BREAKING: President Tinubu Removes IGP Kayode Egbetokun as AIG

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……Appoints AIG Tunji Disu as New Inspector-General of Police.

President Bola Ahmed Tinubu has removed Kayode Egbetokun as the Inspector-General of Police (IGP) and appointed Assistant Inspector-General of Police (AIG) Tunji Disu as his successor, multiple reliable sources confirmed on Tuesday, February 24, 2026.

The development followed a directive from President Tinubu asking Egbetokun to resign, reportedly during a closed-door meeting at the Presidential Villa in Abuja on Monday.

Egbetokun, who served as the 22nd IGP, had been in the position since his appointment by Tinubu on June 19, 2023, with confirmation by the Nigeria Police Council on October 31, 2023.

Sources within the presidency and the Nigeria Police Force indicated that preparations were underway for a formal handover ceremony from Egbetokun to Disu. An official announcement from the presidency was expected shortly.

Tunji Disu, who until recently served as the AIG in charge of the Force Criminal Investigation Department (FCID) Annex in Alagbon, Lagos, is set to become the 23rd Inspector-General of Police. Described by some reports as one of Nigeria’s finest contemporary officers, Disu is anticipated to receive swift confirmation from the Senate.

Egbetokun had been appointed at age 58 and was originally due for retirement on September 4, 2024, upon reaching the mandatory retirement age of 60, though his tenure extended beyond that point.

The leadership change marks a significant shake-up in Nigeria’s security apparatus amid ongoing efforts to address policing challenges across the country.

Further details on the reasons for the removal and Disu’s priorities as the new IGP are yet to be officially disclosed.

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Bayelsa Assembly Confirms Pastor Peter Akpe as Deputy Governor

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The Bayelsa State House of Assembly on Tuesday, February 24, 2026, confirmed Pastor Peter Akpe as the new Deputy Governor of Bayelsa State.

The confirmation occurred during a plenary session after Governor Douye Diri nominated Akpe to replace the late Deputy Governor, Senator Lawrence Ewhrudjakpo, who died in December 2025.

Pastor Akpe, a clergyman with the Redeemed Christian Church of God (RCCG) and holder of a Ph.D., had served as Chief of Staff to Governor Diri at Government House, Yenagoa.

He is from Ebedebiri community in Sagbama Local Government Area of Bayelsa West Senatorial District—the same senatorial district as his predecessor.

Prior to his appointment as Chief of Staff in March 2024, Akpe held several key positions, including Deputy Chief of Staff (2020–2023), Acting Chief of Staff, Head of Administration, and member of the Bayelsa State House of Assembly, where he also served as Majority Leader during the Seriake Dickson administration.

With the lawmakers’ approval, Pastor Peter Akpe is now cleared for swearing-in, completing the process to fill the vacant deputy governorship position and ensuring continuity in the state’s executive arm under Governor Douye Diri’s leadership.

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Fire at Lagos’ Murtala Muhammed International Airport Terminal 1 Brought Under Control

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…..All Control Tower Personnel Safely Rescued.

A fire outbreak at Terminal 1 (also referred to as the old international terminal) of the Murtala Muhammed International Airport (MMIA) in Lagos has been successfully contained, according to officials from the Lagos State Fire and Rescue Service.

The blaze, which originated from the IT server room on the third floor of a five-storey building near the E-wing of the departure lounge, prompted a swift multi-agency response involving the Lagos State Fire and Rescue Service, the Federal Airports Authority of Nigeria (FAAN), and other emergency teams.

Controller General Margaret Adeseye of the Lagos State Fire and Rescue Service confirmed in an official update that the fire is now under control. Critically, all 12 personnel in the control tower were rescued alive and uninjured, with no one left trapped in the incident.

“Further updates will be made available in due course,” Adeseye stated.

Related reports from FAAN indicate that a crane was deployed to aid in the rescue efforts at the control tower, where up to 14 individuals were initially reported as trapped in some accounts. All have since been safely evacuated. While some sources mention minor injuries (such as six individuals in stable condition), the primary update from the fire service emphasizes no serious harm to the control tower staff and no fatalities.

The incident led to temporary disruptions, including the closure of the Lagos airspace and suspension of flights at the airfield, as a precautionary measure. Authorities are working to restore operations, potentially through a temporary control tower setup.

The cause of the fire remains under investigation, with preliminary indications pointing to the server room as the origin. The affected terminal, which has been undergoing renovations, saw emergency evacuations and containment efforts to prevent spread to other sections.

No lives were lost in the incident, and emergency operations continue to monitor the site for full safety. Airport authorities and emergency services have commended the coordinated response that minimized risks to personnel and infrastructure.

Travelers are advised to check with airlines for updates on flight statuses amid the ongoing recovery efforts.

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