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The Importance of Ember Months in Nigeria’s Real Estate Sector

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By Dennis Isong

Ember months refers to the last four months of the year: September, October, November, and December.

These months hold significant importance across various sectors of the Nigerian economy, and the real estate industry is no exception.

The ember months bring about a unique set of circumstances and opportunities that can greatly impact the property market.

This article explores why these months are crucial for Nigeria’s real estate sector and how they influence market dynamics.

  1. Increased Economic Activity
    The ember months in Nigeria are characterized by a surge in economic activity. As the year draws to a close, businesses strive to meet annual targets, and government agencies work to utilize their budgets before the fiscal year ends. This increased economic activity often translates to more money circulating in the economy, which can have a positive impact on the real estate market.

Higher disposable income: Many companies distribute year-end bonuses during this period, increasing the purchasing power of potential property buyers.
Business expansion: Some businesses may look to expand or relocate, leading to increased demand for commercial real estate.

  1. Diaspora Influence
    The ember months coincide with the holiday season, during which many Nigerians living abroad return home to visit family and friends. This influx of diaspora Nigerians has a significant impact on the real estate market:

Investment opportunities: Many in the diaspora see this time as an opportunity to invest in property back home, either for personal use or as an investment.
Increased demand: The temporary surge in population can drive up demand for short-term rentals and potentially influence long-term property values.
Foreign currency injection: Diaspora Nigerians often bring in foreign currency, which can provide a boost to the real estate market, especially in a country where the local currency may be experiencing fluctuations.

  1. Cultural and Social Factors
    Nigerian culture places a strong emphasis on homeownership, and the ember months often amplify this desire:

Status symbol: Owning a home by the end of the year is seen as a significant achievement, motivating many to make property purchases during this period.
Family gatherings: The holiday season prompts many to consider upgrading their living spaces to accommodate family gatherings and celebrations.

  1. Weather Conditions
    The ember months in Nigeria typically mark the end of the rainy season and the beginning of the dry season. This transition in weather patterns can impact real estate activities:

Construction Boost: The dry weather allows for increased construction activity, potentially leading to more properties entering the market.
Property viewing: Improved weather conditions make it easier for potential buyers to view properties and for real estate agents to conduct site visits.

  1. Year-End Goals and New Year Resolutions
    As the year comes to a close, many individuals and businesses reflect on their achievements and set new goals:

Investment decisions: People may choose to invest in real estate as a way to meet financial goals or diversify their portfolios before the year ends.
New Year preparations: Some may aim to secure new living or working spaces in preparation for the coming year, driving up demand in the real estate market.

  1. Government Policies and Budgets
    The ember months often see increased government spending and policy implementation:

Infrastructure development: Governments may rush to complete infrastructure projects before the year’s end, potentially increasing the value of properties in certain areas.
Policy changes: Any new real estate policies or regulations slated for the new year may influence buying and selling decisions in the ember months.

  1. Stock-taking and Portfolio Restructuring
    The approach of the year’s end prompts many investors to reassess their portfolios:

Property disposal: Some investors may decide to sell properties to balance their portfolios or generate liquidity.
Acquisition opportunities: Others may look to acquire new properties to strengthen their real estate holdings.

  1. Increased Rental Activity
    The ember months can see a spike in rental activity:

Corporate rentals: Businesses may seek new office spaces or renew leases for the coming year.
Residential moves: Families or individuals may look to move to new rental properties before the new year begins.

  1. Emerging Real Estate Hotspots

During the ember months, it’s crucial to pay attention to emerging real estate hotspots:

Satellite Towns: Areas like Ibeju-Lekki in Lagos or Kubwa in Abuja are experiencing rapid development.
Tech Hubs: Locations near growing tech clusters, such as Yaba in Lagos, are becoming increasingly attractive.
New Cities: Planned urban developments like Eko Atlantic City offer unique investment opportunities.

  1. Types of Properties to Consider

Different property types may offer varying advantages during the ember months:

Residential Properties: High demand for housing during holiday visits makes this a prime option.
Commercial Real Estate: Office spaces and retail outlets can be good investments as businesses plan for the new year.
Land: Undeveloped land in growing areas can offer long-term appreciation potential.

  1. Leveraging Technology for Remote Transactions
    For diaspora investors unable to visit Nigeria:

Virtual Tours: Many real estate agencies now offer virtual property tours.
Digital Documentation: Explore options for digital contract signing and online payment systems.
Real-Time Communication: Utilize video calls for real-time property inspections with local agents.

  1. Understanding Local Regulations
    It’s crucial to be aware of recent changes in real estate regulations:

Land Use Act: Familiarize yourself with the implications of the Land Use Act on property ownership.
Foreign Ownership Laws: Understand any restrictions or requirements for diaspora Nigerians investing in property.
Tax Implications: Research recent changes in property taxes or capital gains taxes that might affect your investment.

During this period, heightened market activity and the availability of potential deals create attractive investment opportunities.

  1. Financing Options for Diaspora Investors
    Explore various financing methods tailored for diaspora investors:

Diaspora Mortgages: Some Nigerian banks offer mortgage products specifically for Nigerians living abroad.
International Money Transfers: Research the most cost-effective ways to transfer large sums for property purchases.
Joint Ventures: Consider partnering with local investors or family members for shared investments.

  1. Risk Mitigation Strategies
    Investing during the ember months doesn’t come without risks. Consider these mitigation strategies:

Due Diligence: Thoroughly research property titles and ownership history.
Legal Representation: Engage a reputable local lawyer to oversee transactions.

  1. Long-term Investment Strategies
    Think beyond the immediate purchase:

Rental Income: Consider properties with strong rental potential for steady income.
Property Management: Research reputable property management companies if you plan to rent out your investment.
Exit Strategies: Have a clear plan for how you might eventually sell or pass on the property.

The ember months provide a distinct set of circumstances that make them an ideal time for diaspora Nigerians to invest in real estate back home.

During this period, heightened market activity and the availability of potential deals create attractive investment opportunities. Additionally, the chance for personal property inspections and the ability to tap into cultural connections further enhance the appeal.

However, successful investment requires thorough research, professional advice, and a well-defined long-term plan.

By staying attuned to local market trends, utilizing technology, and being aware of relevant regulations, diaspora Nigerians can make informed and profitable real estate investments in Nigeria during this dynamic time of year.

▪︎For personalized assistance with property needs in Ojo or other parts of Lagos, interested individuals, particularly Nigerians in the diaspora looking to invest in property back home, can contact Dennis Isong, a top Lagos realtor specializing in helping Nigerians in the diaspora own property stress-free. I can be reached at +2348164741041.

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A Review of Akwa Ibom State Government’s July Delivery Meeting

Stakeholders at the meeting delivered goodwill messages, commending Governor Umo Eno for institutionalising the Delivery Meeting as a platform for transparency, accountability, and inclusive governance.

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Image: Governor Umo Eno

  1. The Akwa Ibom State Government’s Monthly Delivery Meeting concluded its two-day July session, with Governor Umo Eno presiding over an extensive review of the administration’s strategic projects across key sectors.
  2. Hon. Aniekan UmanahCommissioner for Information, reported that the meeting forms part of ongoing efforts to monitor implementation, evaluate progress, and ensure the timely delivery of projects under the ARISE Agenda.
  3. In his opening remarks on Day Two, Governor Eno reiterated that the Delivery Meeting has become a vital accountability mechanism for tracking the performance of government projects and ensuring that every initiative delivers measurable value to the people of the State.
  4. He stressed that the sessions provide an opportunity for honest appraisal, collective problem-solving, and improved coordination among implementing agencies as the administration continues to deliver on its commitments under the ARISE Agenda. Quoting the Greek philosopher Socrates, the Governor said, “An unexamined life is not worth living.”
  5. Before the commencement of the Day Two session, Governor Eno paid an unscheduled visit to the ARISE Palm Resort, an audacious tourism project built on a 73-hectare gully reclamation site, to verify claims made during the previous day’s presentations and assess firsthand the level of progress on the facility, which is scheduled for commissioning later in the year.
  6. The meeting received comprehensive presentations on key projects across multiple sectors of the state’s development programme, including agriculture, trade and investment, maritime and transportation, health, internal security, housing, tourism, local government administration, direct labour projects, and other flagship initiatives.
  7. Under the agricultural sector, presentations were made on the Ibom Model Farm, Agric Equipment Leasing Company, Distribution of Oil Palm Seedlings Programme, Dakkada Global Oil Palm Project, and the Akwa Ibom Agricultural Development Programme (AKADEP), with emphasis on mechanised farming, food security, and job creation.
  8. The Ministry of Trade and Investment presented updates on the International Market, Ikot Ekpene, highlighting its role in boosting commerce, attracting investment, and strengthening regional trade.
  9. The meeting noted the significant progress recorded on the project and urged the contractors to sustain the pace of work.
  10. In the maritime and transport sector, updates were presented on the Oron Maritime Infrastructure Project, which is aimed at improving maritime transportation, boosting commerce, and stimulating economic growth as part of the administration’s broader Blue Economy development initiatives.
  11. The health sector presentation covered the Ibom International Hospital, General Hospitals in Ukanafun, Ibiono Ibom, Ikot Ekpene, Iquita-Oron, Ikot Ekpene Udo, and other State of Emergency Health Projects, reinforcing the government’s commitment to providing accessible, affordable, and quality healthcare services.
  12. The Ministry of Internal Security and Waterways presented progress on the Counter Terrorism Unit Base, aimed at strengthening security infrastructure and enhancing public safety across the state.
  13. The Ministry of Housing provided updates on the Doctors’ Residence and the Executive and Legislative Quarters, projects aimed at providing decent accommodation while supporting urban renewal and improving living standards.
  14. In the tourism sector, progress on the Ibom International Hotel at the Convention Arena was reviewed, with emphasis on repositioning the facility to boost tourism, hospitality, and investment opportunities.
  15. Updates from the Ministry of Local Government and Chieftaincy Affairs covered the Chairmen’s Lodges, with an assurance that all 31 lodges will be completed by December 2026 to strengthen administrative efficiency at the grassroots level.
  16. The Direct Labour Committee reported progress on the Youth Development Centres, the One Project Per Local Government Area (Phase II), the Judiciary Village, and the House of Assembly Complex, all aimed at strengthening governance infrastructure and promoting youth development.
  17. Other strategic projects reviewed included the ARISE Shopping City, ARISE Park Beach Villas, AKBC Project, Model Secondary School, Senior Citizens Centre, and the Nigeria Formr Women Project, reflecting the administration’s broad development agenda across multiple sectors.
  18. Stakeholders at the meeting delivered goodwill messages, commending Governor Umo Eno for institutionalising the Delivery Meeting as a platform for transparency, accountability, and inclusive governance.
  19. Senator Effiong Bob commended the Governor for consistently engaging stakeholders in the governance process, noting that the ARISE Agenda is making measurable progress while praising the administration’s openness and transparency. Senior Advocate of Nigeria, Assam Assam, described the meeting as the most impactful yet, citing visible progress across sectors, particularly in healthcare infrastructure and service delivery.
  20. The Speaker of the Akwa Ibom State House of Assembly, Rt. Hon. Udeme Otong, lauded the Governor’s leadership and assured him of the continued support and collaboration of the State House of Assembly.
  21. The Oku Ibom Ibibio and President-General of the Supreme Council of Traditional Rulers, His Eminence, Ntenyin Dr. Solomon Etuk, JP, expressed pride in the administration’s developmental strides and commended Governor Eno’s inclusive approach to governance.
  22. In his closing remarks, Governor Umo Eno appreciated all participants, Heads of Ministries, Departments and Agencies (MDAs), Delivery Advisors, stakeholders, and contractors for their contributions to the two-day review exercise, noting that the sessions were rigorous but necessary in strengthening governance and ensuring accountability.
  23. The Governor stated that the administration is entering its “harvest season” as it gradually winds down its first term, adding that observations from the meeting would be used to further improve service delivery and implementation efficiency.
  24. He reaffirmed the government’s commitment to completing all ongoing projects within set timelines and urged implementing agencies to sustain the momentum and maintain high standards in project execution for the benefit of the people of Akwa Ibom State.
  25. At the conclusion of the Delivery Meeting, Governor Eno led stakeholders on an inspection visit to the Ibom Convention Arena to assess ongoing work on the 200-bed Ibom International Hotel project, which is billed for commissioning later in the year.
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Explosion rocks Apapa tank farm; NPA, NIMASA move to curtail spread

Following the outbreak the fire service departments of both the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) moved in to curtail the spread of the inferno.

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Panic erupted at the Lagos tank farm cluster at Ibafon, Apapa, on Friday morning after a fire broke out at the Bono Tank Farm, located within the Best Energy Tank Farm complex.

The inferno sent residents and workers in the area fleeing for safety as emergency responders moved in to contain the blaze.

Following the outbreak the fire service departments of both the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) moved in to curtail the spread of the inferno.

Efforts to obtain comments from the management of Bono Tank Farm and Best Energy Tank Farm were unsuccessful, as phone calls and text messages sent to their representatives were neither answered nor acknowledged.

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FG slams 8-count charges on Adeyemi over fake agency ” I’m not a criminal”, he defends

It was learned that the alleged ‘‘fake’’ Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council was allocated N1.302 billion in the 2026 Budget of the Federal Government.

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Photo: Gbajabiamila, and Adeyemi

The Federal Government has filed an 8-count charges against Adeniyi Adeyemi, convener of a purported Presidential Foreign Intervention Promotion Council, PFIPC, over the controversy trailing the agency.

Adeyemi, however, fought back claiming that he was given an appointment letter.

Adeyemi, during an appearance on Channels Television claimed that the Chief of Staff to the President, Mr. Femi Gbajabiamila gave him an appointment letter, insisting that he is not a criminal.

However, it was learned that the alleged ‘‘fake’’ Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council was allocated N1.302 billion in the 2026 Budget of the Federal Government.

In a statement on Wednesday, Bayo Onanuga, presidential spokesperson, said the charges were filed by the Police on November 27, 2025, against Adeyemi and two accomplices at the Federal High Court in Abuja.

Onanuga said Adeyemi is expected to appear in court on July 27, 2026.

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