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Land Banking in Lagos: What Is It and Why Smart Investors Are Doing It, by Dennis Isong

Who Is Land Banking For? What are the risks, and how can you avoid them?

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Some years ago, Mr. Adebayo, a civil servant in his late 40s, bought a large piece of land in the outskirts of Lagos—somewhere past Epe. His friends laughed.

The land had no road network, no visible development, and certainly no electricity poles in sight. “You’ve just bought bush,” one friend said, chuckling over a bottle of palm wine.

But Adebayo had something else in mind. Today, that same bush has turned into a budding estate. His plot—bought for N500,000 per acre—is now valued at over N15 million.

And the best part? He hasn’t built a single block on it. This, my friend, is the power of land banking inLagos.So, what is land banking—and why are smart investors flooding into it?

Let’s take a walk through of what makes this quiet, strategic game of land investment so powerful in Lagos real estate today.

1. What Is Land Banking?

Land banking is the act of buying undeveloped or underdeveloped land now—at a low price—with the intention of holding it for future sale or development.

The idea is simple: get the land while it’s cheap, wait for surrounding development or urban expansion, and then reap the benefits when its value skyrockets.It’s not a new concept.

Wealthy families, governments, and savvy investors have been doing it for decades, quietly amassing land in strategic locations.

But in Lagos, land banking has taken on a whole new meaning due to the city’s rapid urban sprawl and high demand for land.

As more people flood into Lagos for work and business, areas that were once considered “far” are now becoming the next hotspots for development.

And the best part? You don’t need to be a millionaire to start. What you need is foresight,patience, and good information.

2. Why Lagos? Why Now?

Lagos is a land-hungry city. It’s the smallest state in Nigeria by land size, but with the highest population—over 20 million people and counting.

Every day, people are moving in, businesses are expanding, and infrastructure is being built. But land? It’s not expanding.

This imbalance between supply and demand is what makes land such a valuable asset here.

Take Ibeju-Lekki for example. Ten years ago, it was mostly bush, sand, and silence. But today, it’s home to massive developments like the Dangote Refinery, Lekki Deep Sea Port, and the Lekki Free Trade Zone.

Investors who bought land here when it was “just sand” are now smiling to bank. The Lagos State Government is also pushing development into the outskirts. Projects like the proposed 4th Mainland Bridge and new road networks are opening up areas like Epe, Badagry,and Agbowa.

This means land in these regions won’t remain cheap for long. Smart investors are not waiting until buildings start springing up. They’re getting in early—buying into the future while the price tag is still friendly.

3. Who Is Land Banking For?

There’s a popular myth that land banking is only for the rich or big-time developers.

Not true.It’s actually a smart move for young professionals, retirees, low-risk investors, and anyonethinking long-term. Think of it like planting a tree—you don’t eat the fruit the next day, but whenit matures, it feeds you for life.

Some people buy shares. Others put money in fixed deposits. But land banking offers something more physical and arguably safer—an asset you can visit, touch, and eventually profit from.

Especially great for those who want to leave something for their children or retire in peace with a solid asset base.

Let’s not forget those who aren’t ready to build yet. If you’re not financially prepared toconstruct a house now, buying land and holding it gives you a head start.

By the time you’re ready to build, the land may have tripled in value—and you’d have saved yourself millions in future costs.

Smart investors understand that the best deals are usually quiet. While the world is running after flashy real estate brochures, they’re planting seeds in overlooked areas.

4. What Are the Risks—and How Can You Avoid Them?

Now, this wouldn’t be a realistic article without addressing the elephants in the room: landscams, Omonile wahala, and poor documentation. These are real risks in Lagos, and anyone who jumps into land banking blindly could lose hard-earned money.

The good news is, these risks are avoidable—if you do your due diligence. Always ensure the land is properly documented: look out for a Survey Plan, Deed of Assignment, and if possible, Certificate of Occupancy (C of O).

Work with trustworthy real estate companies or consultants who have verifiable track records and are registered with relevant authorities.

Also, don’t buy land just because it’s cheap. Buy because it’s strategic.

Ask yourself: Is there ongoing or planned development in the area? Are there accessible roads? Is the title clean? In the case of Mr. Adebayo, he didn’t just buy random land. He researched future government plans, asked questions from locals, and worked with a reputable realtor.

That’s why today, his land is not just appreciated—it’s prime.

5. So, Why Are Smart Investors Doing It?Because it works. Smart investors understand that the best deals are usually quiet. While the world is running after flashy real estate brochures, they’re planting seeds in overlooked areas.

They know that Lagos is expanding, and that time, development, and demand will eventually catch up with the land.

Some flip the land after a few years, making huge profits.

Others hold onto it and develop it into residential estates, short lets, or commercial spaces when the time is right. Either way, they win.

The beauty of land banking is that it doesn’t demand much. No tenants. No property management stress. No construction deadlines. Just patience—and strategy.

In Lagos today, the rush is not just about buying houses.

It’s about owning the land under the houses of tomorrow. Those who see the future are already positioning themselves quietly.

Final Thoughts Land Banking in Lagos: What Is It and Why Smart Investors Are Doing It is more than justa trendy topic—it’s a real, practical investment strategy that has changed lives.

It’s not without it’s risks, but it holds enormous potential for those who do it right.If you’ve been thinking about real estate but haven’t figured out how to start, land banking might just be your entry point.

It’s not glamorous at first. It doesn’t make noise. But in five or ten years,it could be the decision that secures your financial future.

So, whether you’re a young worker, a retiree, or just someone who’s tired of letting money sit in the bank, remember: Lagos may not be expanding in size, but the opportunities in its land keep growing.

And like Mr. Adebayo learned—today’s “bush” could be tomorrow’s goldmine.

Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to OwnProperty In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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President Tinubu to visit UK first time in 37 years

The BBC described State visits as a form of soft-power diplomacy, using the pomp of royal hospitality to strengthen relations with important international partners.

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Photo: King Charles III in a handshake with President Bola Tinubu

President Bola Tinubu will embark on a two-day state visit to the United Kingdom in March, according to Buckingham Palace.

Military President Ibrahim Babangida embarked on the last Nigerian state visit to the UK in 1989.

The late Queen Elizabeth II had hosted Babangida for four days.

The BBC described State visits as a form of soft-power diplomacy, using the pomp of royal hospitality to strengthen relations with important international partners.

In a statement on Saturday, the royal communications team said that the forthcoming visit is at the invitation of King Charles III.

Tinubu will be accompanied by his wife, First Lady Oluremi Tinubu.

Tinubu and King Charles, both of whom assumed office in May 2023, have met on several occasions.

In November 2023, the Nigerian president met the monarch ahead of the 28th United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, describing the engagement as a significant step toward strengthening bilateral relations.

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Nigeria Launches National Halal Economy Strategy to Tap into $7.7 Trillion Global Market

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President Bola Ahmed Tinubu on Thursday unveiled Nigeria’s National Halal Economy Strategy, a major initiative aimed at positioning the country to capture a share of the rapidly expanding $7.7 trillion global halal market and accelerate economic diversification.

Represented by Vice President Kashim Shettima at the launch event held at the Presidential Villa in Abuja, President Tinubu described the strategy as a clear signal of Nigeria’s readiness to compete in this growing sector, which leading nations worldwide have already embraced.

The plan is projected to contribute an estimated $1.5 billion to Nigeria’s GDP by 2027, with cumulative efforts expected to unlock over $12 billion in economic value by 2030.

Vice President Shettima emphasized the need for disciplined, inclusive, and measurable implementation to translate the strategy into tangible benefits, including job creation, increased exports, and shared prosperity nationwide.

“It is with this sense of responsibility that I formally unveil the Nigeria National Halal Economy Strategy. This document is a declaration of our promise to meet global standards with Nigerian capacity and to convert opportunity into lasting economic value,” Shettima said. “What follows must be action that is disciplined, inclusive, and measurable, so that this Strategy delivers jobs, exports, and shared prosperity across our nation.

“He announced that the strategy’s implementation committee will be chaired by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, whom he described as “supremely competent.

“Key ambitions outlined in the strategy include expanding halal-compliant food exports, building value chains in pharmaceuticals and cosmetics, establishing Nigeria as a halal-friendly tourism destination, and scaling up ethical finance initiatives by 2030.

These efforts are expected to enhance food security, strengthen industrial capacity, and open doors for small- and medium-sized enterprises across the country.

Addressing concerns that the halal economy is tied exclusively to religious affiliation, Vice President Shettima clarified that it has evolved into a broader global framework centered on trust, quality, traceability, safety, and ethical production—principles that appeal to consumers, investors, and trading partners worldwide, regardless of faith.

He pointed out that advanced economies such as the United Kingdom, France, Germany, the Netherlands, the United States, Canada, Australia, and New Zealand have integrated halal standards into their export and quality systems, becoming major producers, certifiers, and exporters of halal food, pharmaceuticals, cosmetics, and financial products.

“The halal economy is a global market framework rooted in standards, safety, and consumer trust, not geography or belief,” Shettima noted.

The strategy stems from President Tinubu’s commitment to export diversification, foreign direct investment attraction, and sustainable job creation. It was developed in partnership with the Halal Products Development Company (HPDC)—a subsidiary of Saudi Arabia’s Public Investment Fund—alongside Dar Al Halal Group Nigeria, with support from the Islamic Development Bank and the Arab Bank for Economic Development in Africa.

The collaboration builds on a bilateral agreement signed in February 2025 at the Makkah Halal Forum.

It also aligns with recent diplomatic efforts, including an agreement on halal quality infrastructure signed with Türkiye during President Tinubu’s state visit, aimed at improving standards, certification, and international acceptance of Nigerian halal products.

Minister Oduwole, speaking as the committee chairperson, highlighted the public-private nature of the initiative, involving extensive stakeholder engagement and coordination across government agencies.

She stressed Nigeria’s potential to become a key exporter of halal-certified goods, leveraging the African Continental Free Trade Area (AfCFTA) for access to African and global markets, with participation remaining voluntary.

Alhaji Muhammadu Dikko Ladan, Chairman and CEO of Dar Al-Halal Group Nigeria, welcomed the collaboration and noted an ongoing export program with the Ministry of Industry, Trade and Investment to onboard Nigerian companies into the Saudi market and beyond, calling it a landmark opportunity for market access and foreign investment.

The French Ambassador’s representative, Carole Lebreton, expressed France’s interest in supporting Nigeria’s export ambitions in food, cosmetics, and pharmaceuticals, viewing the strategy as a bridge for stronger bilateral socio-economic ties.

The event was attended by key figures including the CEO of the Nigeria Export Promotion Council, Mrs. Nonye Ayeni; Managing Director of the Bank of Industry, Mr. Olasupo Olusi; and other senior officials.

The launch marks a strategic step in Nigeria’s push to integrate into international halal value chains while promoting inclusive economic growth through high-standard, ethical production systems.

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Nigerian Press Urges FG, NASS to Act Swiftly Against ‘Big Tech Threat’

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Major Nigerian media and journalism organizations have issued a strong call to the Federal Government (FG) and the National Assembly (NASS) to take immediate legislative and regulatory action against what they describe as an existential threat posed by Big Tech companies to the country’s information sovereignty and media industry.

In a joint statement released recently, leading press bodies—including key associations representing publishers, editors, and journalists—warned that unchecked dominance by global technology giants such as Google, Meta, and others is eroding Nigeria’s control over its digital information ecosystem.

They highlighted how these platforms dominate digital advertising revenue, divert traffic from traditional news sources, and increasingly use Nigerian-generated content to train artificial intelligence models without fair compensation or permission.

The groups emphasized that the situation risks surrendering Nigeria’s information sovereignty to foreign entities, potentially undermining national security, cultural values, and the economic viability of local media houses.

They pointed to declining revenues for publishers, with some facing up to 90% drops in traffic due to AI-generated summaries and algorithmic changes on search and social platforms.

The press bodies urged lawmakers to enact robust regulations, including frameworks for content remuneration, data usage restrictions, algorithmic transparency, and mechanisms to ensure fair competition in the digital space.

They called for urgent collaboration between the executive and legislature to address these challenges before irreversible damage occurs to Nigeria’s media landscape and democratic discourse.

This appeal comes amid broader global debates on Big Tech accountability and follows Nigeria’s ongoing efforts to strengthen its digital economy governance, including recent pushes toward comprehensive AI and data regulations.

Stakeholders view the statement as a pivotal moment for protecting indigenous media in an era of rapid technological disruption.

The Federal Government and National Assembly have yet to issue an official response, but the call aligns with growing concerns over digital monopolies and their impact on developing economies.

Media experts anticipate intensified discussions in the coming weeks as Nigeria navigates its position in the global tech landscape.

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