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HOW YOUR PROPERTY PORTFOLIO SHOULD LOOK LIKE IN 2024 BY DENNIS ISONG
Today, we’re delving into the realm of real estate, specifically focusing on how your property portfolio should shape up in 2024.
Whether you’re a seasoned investor with a track record spanning five, ten, or just a couple of years, or if you’ve taken your initial steps into investing this year, this discussion is tailored to guide you through the nuances of crafting a property portfolio that aligns with the opportunities and challenges that the year 2024 holds.
It’s a practical example designed to offer insights regardless of your level of experience in the real estate journey. So, let’s embark on this insightful exploration together.
- CASH FLOW REAL ESTATE
Real estate is like having money-making machines. You buy properties and they make you money regularly. There are three main ways they do this:
• Rental Income:You can own a house or apartment and let someone else live there. They pay you rent every month, and that’s your income.
• Short-Term Rentals:If you own a place in a cool location, you can rent it out for a short period, like a vacation home. People pay good money for short stays.
• Equity-Based Returns: This is like having a share in a property. Even if you don’t own the whole thing, you still get a piece of the profit.
It’s like having different money streams – some from homes, some from businesses, and even some from farms.
If you own a place in a cool location, you can rent it out for a short period, like a vacation home. People pay good money for short stays.
2. LAND BANKING:Imagine buying land like planting seeds for the future. Here’s how:
• High-Yield: Some lands grow in value super fast. You buy low, and before you know it, it’s worth a lot more. Quick and exciting!
• Joint Venture (JV): Team up with others to make something big. You have the land, they have the skills to build. Everyone wins.
• Short-Flip:Buy land, hold it for a bit, and then sell it quickly for a profit. It’s like the fast lane of land investing.
It’s like being a smart farmer – planting seeds in different fields, each with its own strategy.
3.STRATEGIC POSITIONINGThink of real estate like playing a game of chess. You want to position your pieces (properties) in the right places:
• High-End Zone: It’s like the VIP area. People pay big money to live or do business there. Eg Ikoyi
• Student Zones: Where there are students, there’s always a need for housing. Universities and colleges are like gold mines for real estate.
• Business Areas: If there are offices and companies, there’s a need for commercial spaces. Invest where the businesses are.
• Upcoming Regions:Like predicting the next big thing. If you can spot an area on the rise, investing there can bring huge returns eg epe ,ibeju lekki
It’s like placing your chess pieces wisely on the board to win the game.
Let’s talk about addition tips that will help you;
• PORTFOLIO MANAGEMENT:
Managing your real estate portfolio is like taking care of a garden:
• Check Your Plants (Current Investments): See how your properties are doing. Are they growing well or need attention?
• Balance Your Garden (Real Estate Types): Like having a mix of flowers, veggies, and fruits. Balance different types of real estate for the best results.
• Get Professional Gardeners (Portfolio Managers): Sometimes, you need experts to help your garden flourish. Similarly, professionals can manage your portfolio for better outcomes.
It’s like having a beautiful garden that keeps growing and blooming.
• LONG-TERM PLANNING:
Planning your real estate journey is like mapping out a trip:
• Careful Analysis: Study the map and plan your route. Similarly, analyze your options and plan your investments.
• Consider Different Stops (Cash Flow, Land, Positioning): Like planning where to rest and refuel, think about your cash flow, land investments, and where you position your properties.
• Create a Roadmap:Plan for the long term, just like planning a road trip. Know where you want to go and how to get there.
It’s like having a well-thought-out plan, ensuring a smooth and successful journey in real estate.
So, as we wrap up our chat about building your property portfolio for 2024, remember, it’s like creating a map for your real estate journey. Whether you’ve been in the game for a while or you’re just starting out, the key is to mix things up – a bit of renting here, a piece of land there, and maybe even a joint venture.
Don’t forget to position your properties wisely, like chess pieces on a board.
Taking a closer look at your existing investments and balancing them out can lead to a portfolio that’s not just strong but also ready for whatever the real estate world throws your way.
Planning for the long term is like setting out on a road trip with a well-thought-out map – it may take time, but it’s worth it.
So, let’s get out there and turn those property dreams into reality. Unlock the door to your success in real estate – the keys are in your hands.
Happy investing!
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
The Inspector General of Police (IGP), Tunji Disu, has approved the creation of a dedicated New Media Office within the Nigeria Police Force (NPF) and appointed Chief Superintendent of Police (CSP) Ali Giwa to lead it.
The move forms part of an ongoing restructuring of the Force’s communication apparatus. CSP Ali Giwa, a cybersecurity specialist who has served at the National Cybercrime Centre since February 2025, will head the newly established unit focused on digital and social media engagement.
This development follows the recent removal of Assistant Commissioner of Police (ACP) Benjamin Hundeyin as Force Public Relations Officer (FPRO). Hundeyin, who held the position for approximately six months, has been replaced by Deputy Commissioner of Police (DCP) Anthony Okon Placid as the new FPRO.CSP Giwa brings significant experience in public relations to his new role.
He previously served as Assistant Force Public Relations Officer at the Annex in Obalende, Lagos (2017–2022), Deputy Police Public Relations Officer for Lagos State (2014–2017), and Public Relations Officer for the Nigeria Police Cooperative Multi-Purpose Society Limited.
The appointments and creation of the New Media Office aim to strengthen the NPF’s public communication strategy, particularly in managing online narratives, educating citizens on social media platforms, and enhancing overall media relations amid evolving security challenges.
An official statement from the Force Headquarters is expected shortly to confirm the details and outline the mandates of the new structure.
The Police Service Commission (PSC) has promoted seven Assistant Inspectors-General of Police (AIGs) to the rank of Deputy Inspectors-General of Police (DIGs) in a strategic move to bolster the leadership cadre of the Nigeria Police Force (NPF).
The promotions, announced on Friday, March 6, 2026, followed a thorough evaluation process involving merit-based assessments, seniority considerations, service records, written examinations, and oral interviews held at the PSC’s Corporate Headquarters in Abuja.
The newly elevated officers are:
– Zachariah Fera Achinyan, fdc (formerly AIG Zone 4, Makurdi)
– Zango Ibrahim Baba (formerly AIG Department of Logistics and Supply)
– Isyaku Mohammed (formerly AIG Armament, Force Headquarters, Abuja)
– Margaret Agebe Ochalla (formerly AIG FCID Annex, Lagos)
– Mohammed Abdul Sulaiman, mni (formerly AIG Police Accounts and Budget, Force Headquarters, Abuja)
– Kenechukwu Onwuemelie (formerly AIG Zone 15, Maiduguri)
– Umar Shehu Nadada, mni (formerly AIG Zone 14, Katsina)
These elevations come on the heels of the recent confirmation of DIG Fayoade Adegoke to the substantive rank of DIG, positioning him to join the Force Management Team.
The PSC noted that the promotions are essential to address vacancies arising from the retirement of eight DIGs who previously held key strategic roles.
In a statement, PSC Chairman, retired DIG Hashimu Salihu Argungu, congratulated the promoted officers and charged them to justify the trust placed in them by upholding the highest standards of professionalism.
He emphasized the importance of prioritizing national security and fostering stronger collaboration with the Commission to advance ongoing reforms and development within the NPF.
The development is seen as part of broader efforts to refresh senior leadership in the force amid recent retirements, including that of prominent DIG Frank Mba and others, ensuring continuity and strengthened operational capacity.
President Bola Ahmed Tinubu has approved the postings of 31 career and 34 non-career ambassadors to various countries and the United Nations.
The Senate confirmed the ambassadors-designate last December.
POSTINGS OF NON-CAREER AMBASSADORS / HIGH COMMISSIONERS
S/N NAME MISSION APPROVED
1. SENATOR GRACE BENT: LOME-TOGO
2. SEN. ITA ENANG: SOUTH AFRICA
3. IKPEAZU VICTOR: SPAIN
4. NKECHI LINDA UFOCHUKWU: TEL-AVIV, ISRAEL
5. MAHMUD YAKUBU: QATAR
6. PAUL OGA ADIKWU: THE VATICAN CITY HOLY SEE
7. VICE ADMIRAL IBOK-ETE EKWE IBAS: THE PHILIPPINES
8. MR. RENO OMOKRI: MEXICO CITY, MEXICO
9. HON. (ENGR.) ABASI BRAIMAH (FMHR): BUDAPEST, HUNGARY
10. MRS. ERELU ANGELA ADEBAYO: PORTUGAL
11. BARR. OLUMILUA OLUWAYIMIKA AYOTUNWA: TOKYO, JAPAN
12. RT. HON. UGWUANYI IFEANYI LAWRENCE: ATHENS, GREECE
13. BARR. CHIOMA PRISCILLA OHAKIM: WARSAW, POLAND
14. AMINU DALHATU: UNITED KINGDOM, UK
15. LT. GEN ABDULRAHMAN BELLO DAMBAZAU: BEIJING, CHINA
16. HON. TASIU MUSA MAIGARI: GAMBIA
17. OLUFEMI PEDRO: AUSTRALIA
18. BARR. MUHAMMED UBANDOMA ALIYU: ARGENTINA
19. LATEEF KAYODE ARE: USA
20. AMB. JOSEPH SOLA IJI: RUSSIA
21. SEN. JIMOH IBRAHIM: UN PERMANENT REPRESENTATIVE
22. FEMI FANI KAYODE: GERMANY
23. PROF. ISAAK FOLORUNSO ADEWOLE: OTTAWA, CANADA
24. AJIMOBI FATIMA FLORENCE (F): AUSTRIA
25. MRS. LOLA AKANDE (F): SWEDEN
26. AYODELE OKE: FRANCE
27. YAKUBU N. GAMBO: SAUDI ARABIA
28. SENATOR PROF. NORA LADI DADUUT: SEOUL, SOUTH KOREA
29. BARR. ONUEZE CHUKWUJIKA JOE OKOCHA SAN: DUBLIN
30. DR. KULU HARUNA ABUBAKAR: TUNIS, TUNISIA
31. RT. HON. JERRY SAMUEL MANWE: PORT OF SPAIN.
T&T POSTINGS OF CAREER AMBASSADORS / HIGH COMMISSIONERS LIST
S/N NAME MISSION APPROVED
1. AMB. NWABIOLA EZENWA CHUKWUMEKA: COTE D’IV/OIRE
2. BESTO MAIMUNA IBRAHIM: NIAMEY-NIGER
3. MONICA OKWUCHUKWU ENEBECHI: SAO TOME, STP
4. AMB. MOHAMMED MAHMUD LELE: ALGIERS-ALGERIA
5. ENDONI SYNDOPH PAEBI: OUAGADOUGOU-BURKINA FASO
6. AHMED MOHAMMED MONGUNO: CAIRO EGYPT
7. AMB.JANE ADAMS (NEE OKON) MICHAEL (F): KINGSTON-JAMAICA
8. AMB. CLARK-OMERU ALEXANDRA (F): LUSAKA-ZAMBIA
9. CHIMA GEOGGREY LIOMA DAVID: BAMAKO-MALI
10. AMB. ODUMAH YVONNE EHINOSEN: MALABO –E/GUINEA
11. AMB WASA SEGUN IGE: BEIRUT, LEBANON
12. RUBEN ABIMBOLA SAMUEL (F): ROME, ITALY
13. AMB.ONAGA OGECHUKWU KINGSLEY: MAPUTO, MOZAMBIQUE
14. AMB.MAGAJI UMAR: KINSASHA, DR CONGO
15. AMB.MUHAMMAD SAIDU DAHIRU: NEW DELHI-INDIA
16. AMB. ABDUSSALAM HABU ZAYYAD: DAKAR-SENEGAL
17. AMB SHEHU ILU BARDE: ACCRA GHANA
18. AMB.AMINU NASIR: ETHIOPIA
19. ABUBAKAR MUSA MUSA: N’DJAMENA, CHAD
20. AMB. HAIDARA MOHAMMED IDRIS: THE HAGUE-NETHERLANDS
21. AMB.BAKO ADAMU UMAR: RABAT-MOROCCO
22. AMB. SULU GAMBARI OLATUNJI AHMED: MALAYSIA
23. AMB.ROMATA MOHAMMED OMOBOLANLE (F): TANZANIA
24. AMB. SHAGA JOHN SHAMAH: BOTSWANA
25. SALAU, HAMZA MOHAMMED: TEHRAN, IRAN
26. AMB.IBRAHIM DANLAMI: KENYA
27. IBRAHIM ADEOLA MOPELOLA (F): COTONOU-BENIN
28. AMB.AYENI ADEBAYO EMMANUEL: BRUSSELS, BELGIUM
29. AMB.AKANDE WAHAB ADEKOLA: BERNE-SWITZERLAND
30. AMB. AREWA (NEE ADEDOKUN) ESTHER (F): WINDHOEK-NAMIBIA
31. AMB.GERGADI JOSEPH JOHN: LIBREVILLE-GABON
32. AMB. LUTHER OGBOMODE AYO-KALATA (F): SIERRA LEONE
33. DANLADI YAKUBU NYAKU : KHARTOUM-SUDAN
34. BELLO DOGON-DAJI HALIRU: BANGKOK, THAILAND
The Ministry of Foreign Affairs has already received agrément from the United Kingdom for the High Commissioner-designate, Ambassador Aminu Dalhatu. Similarly, France has sent the agrément for Ambassador Ayo Oke.
The Ministry has also conveyed the nominations of the other 62 designated envoys to all the countries concerned, including a request for their agreements in line with standard diplomatic practice.
President Tinubu has directed that the Ministry of Foreign Affairs should immediately commence the induction programme for the ambassadors-designate and High Commissioners.
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