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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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Kogi’s Ododo Tasks Officials on Grassroots Engagement, Clears N98.8bn Debt

“Governor Ododo is driving a government that listens, learns, and leads from the grassroots. His directive on Made-in-Kogi fabrics is a strategic move to grow our economy and export our identity,” Fanwo said.

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Kogi State Governor, Ahmed Usman Ododo has charged government officials to remain close to the grassroots and ensure constant engagement with the people, noting that such connection is key to responsive governance.

Also in a separate briefing, the Commissioner for Finance, Budget and Economic Planning, Mukadam Asiwaju Asiru Idris, announced that within just 15 months, the Ododo administration has fully liquidated N98.8 billion in debts inherited from previous administrations.

“We are in government to serve the people, and that means staying connected to their needs and aspirations,” said Ododo during the Kogi State Executive Council meeting held today at the EXCO Hall, Government House, Lokoja.

LOCAL PATRONAGE

As part of efforts to boost the local economy, the Governor also directed all government officials to wear Made-in-Kogi fabrics as a show of support for indigenous industries.

He encouraged the citizens to take pride in local products and lead a cultural and economic renaissance from within.

Briefing journalists after the meeting, the Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, said the administration is committed to making governance more visible and impactful.

“Governor Ododo is driving a government that listens, learns, and leads from the grassroots. His directive on Made-in-Kogi fabrics is a strategic move to grow our economy and export our identity,” Fanwo said.

On infrastructure, Fanwo disclosed that the perimeter fencing at the Confluence University of Science and Technology (CUSTECH), Osara is 90 percent completed, while both male and female hostels have been completed and are already housing students.

Similar projects at the Kogi State University, Kabba, are progressing satisfactorily.

As part of efforts to boost the local economy, the Governor also directed all government officials to wear Made-in-Kogi fabrics as a show of support for indigenous industries

To improve public safety, the Council also approved a bill to restrict the movement of heavy trucks during peak hours.

Another bill was approved for the establishment of the Kogi State Agency for Climate Change as part of a forward-thinking response to global environmental challenges.

STATE‘s DEBT BREAKDOWN

Regarding the paid state debt, he said:

“The breakdown includes: • N8 billion in bonds from the Idris Wada administration. • N50.8 billion salary bailout from the last administration. • N10 billion ECA-backed infrastructure loan. • N15 billion infrastructure loans from Zenith Bank and another N15 billion from UBA Plc.”

“This is a landmark achievement. His Excellency Governor Ododo has demonstrated fiscal discipline and commitment to economic recovery.

Within 15 months, we have cleared N98.8 billion in inherited debt,” Idris said.

He added that Fitch Ratings has upgraded Kogi State’s credit rating from ‘B-’ to ‘B’, with a stable outlook, citing prudent financial management.

As of September 30, 2024, the state’s debt profile stands at N40.5 billion, placing it on a strong path to debt sustainability.

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FG Declares June 6, 9 Holidays To Mark Eid-Ul-Adha

This was announced by the Minister of Interior, Olubunmi Tunji-Ojo, in a statement issued on behalf of the Federal Government on Monday.

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The Federal Government has declared Friday, June 6, and Monday, June 9, 2025, as public holidays to mark this year’s Eid-ul-Adha celebration.

This was announced by the Minister of Interior, Olubunmi Tunji-Ojo, in a statement issued on behalf of the Federal Government on Monday.

The minister congratulated all Muslims in Nigeria and the Diaspora on the occasion, urging the Ummah to continue to embody the spirit of sacrifice, obedience, and faith as demonstrated by Prophet Ibrahim (Peace be upon Him).

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I use my popularity to elevate PDP in Rivers, what did you do in Lagos?– Wike criticises Bode George

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Minister of the Federal Capital Territory, FCT, Nyesom Wike, has reacted over the recent comments by Peoples Democratic Party (PDP) stalwart, Bode George, asserting that his own efforts brought prominence and electoral success to the party, rather than the other way around.

Speaking during his monthly media briefing in Abuja on Monday, Wike responded to George’s claim that the PDP had made him a nationally recognized figure.

The former Rivers State governor acknowledged the role the party played in his rise, but maintained that it was his own work and influence that led to tangible victories for the PDP particularly where others, including George, had failed.

“It’s true the party gave me a platform,” Wike said.“But platforms don’t win elections people do. Ask yourself, who has PDP made relevant in Lagos since 1999?”

Wike criticized George for allegedly contributing little to the party’s electoral strength in Lagos, pointing to his own record of building the PDP into a formidable force in Rivers State and beyond.

He suggested that George, given his age and current position, might be better off stepping back from political commentary.

“If he has no role anymore, perhaps it’s time he stayed home and read newspapers,” Wike remarked, in a pointed rebuke.

The minister also addressed criticism surrounding the temporary sealing of the PDP’s national headquarters over unpaid ground rent.

He clarified that he is not the property’s owner and cannot be held accountable for the liabilities, emphasizing that even resolving the issue had required intervention from the highest levels.

“There were claims that the sky would fall—yet the matter couldn’t be resolved without the President’s involvement,” he said.

In a final jab, Wike reflected on past struggles to strengthen the PDP during the Goodluck Jonathan administration, suggesting that despite their efforts, support in Lagos remained elusive.

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