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Is It Safe to Invest in Lagos Real Estate? Here’s What You Must Know by Dennis Isong
“Na bush you go buy?”
In 2018, Chinedu bought a plot of land in Ibeju-Lekki for ₦600,000. At the time, his friends laughed.
“Na bush you go buy?” they teased. Even Chinedu had doubts, especially after struggling to locate the land twice.
But he had a gut feeling and decided to take the risk.Fast forward to 2024, Chinedu got a call from a developer building around the Lekki Free Trade Zone. They were interested in acquiring his plot.
The offer? ₦8.5 million. He thought it was a joke—until the cheque cleared.“I almost sold that land two years ago for ₦1.2 million because I was broke,” he told me, shaking his head with a smile.
“But something told me to wait.”Today, that same bush has a tarred road, power poles, and new buildings sprouting like mushrooms.
The value keeps rising, and Chinedu is already scouting for his next plot—this time in Epe.
His only regret?“I wish I bought three plots instead of one.”
That’s Lagos real estate for you. It looks like nothing at first—but if you play your cards right, it could be the best decision of your life.
Let’s not beat around the bush—Lagos real estate is hot cake.
Everyone seems to be talking about it, whispering about one land deal in Epe or a smart investment in Ibeju-Lekki.
The conversations are endless, and so are the questions. But the one that keeps bouncing from one corner of the room to another is this:Is it really safe to invest in Lagos real estate?Well, short answer? Yes.But let’s not stop at “yes.”
This is Lagos. Nothing is ever that simple. Before you pull out your wallet or empty your savings app, you need to know a few things that the billboards won’t tell you.
First, Why Is Everyone Rushing to Invest in Lagos Real Estate?
If Lagos were a person, it would be that loud, fast-talking cousin who always seems to have money flowing from one hustle or the other. Lagos is not just a city—it’s a mood, a movement, a madness that somehow makes financial sense.
It’s the commercial heartbeat of Nigeria. And where the heart beats, money flows.
From tech bros in Yaba to deep-pocket oil boys in Lekki, everyone is looking for where to park their money, and land is the new bank.
Real estate in Lagos has become the golden goose for the smart investor. And why not? Land here doesn’t sleep—it appreciates, sometimes with the arrogance of a billionaire who knows he can’t fail.
But Wait—Is It Safe?
Now, this is where it gets interesting. Lagos isn’t Disneyland. It’s not all shiny buildings and smiling agents. The truth is, there are landmines in the system—some figurative, some legal, and some spiritual (ask anyone who’s ever mistakenly bought “Omonile land”).
Yet, thousands of people are making solid money from it. Some have even become landlords from buying land they never visited. How is this possible? It all comes down to how you invest, where you invest, and who you’re dealing with.
The Shaky Past, The Bright Future
Let’s be honest: Lagos has had its fair share of land drama. The tales are plenty—fake documents, family land disputes, sudden demolitions. These stories are scary, yes, but they’re not the full picture.
Over the years, the Lagos real estate sector has matured, especially with government regulations, better documentation processes, and real estate firms who are finally doing things the right way.
This is not 1997 when you could buy land and discover later that the “agent” was actually a carpenter with a borrowed suit.
Today, with a bit of caution and proper due diligence, you can invest in Lagos real estate and sleep well at night—like a baby who just signed a deed of assignment.Lagos Is Expanding—And That’s a Clue.
News
Badaru Abubakar resigns as Defense Minister
His resignation comes amid President Tinubu’s declaration of a national security emergency, with plans to elaborate on its scope in due course.
Nigeria’s defence minister, Alhaji Mohammed Badaru Abubakar, has resigned his appointment, with immediate effect.
In a letter dated December 1, sent to President Bola Tinubu, Abubakar said that he was quitting on health grounds.
Bayo Onanuga, Special Adviser to the President,(Information and Strategy), confirmed that President Tinubu has accepted the resignation and thanked Abubakar for his services to the nation.
President Tinubu will likely inform the Senate of Badaru’s successor later this week.
Badaru Abubakar, 63, was a two-term governor of Jigawa state from 2015 to 2023.
Badaru Abubakar was the National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) from 2013 to 2015.
Before this, he was president of the Jigawa Chamber of Commerce and held other leadership positions in chambers of commerce.
He was appointed as a minister on August 21, 2023, by President Tinubu.
His resignation comes amid President Tinubu’s declaration of a national security emergency, with plans to elaborate on its scope in due course.
News
Court Adjourns Immigration Litigation Over Promotion Disputes till March 31
Nandap and the Secretary of the Civil Defense, Correctional, Fire and Immigration Services Board, retired Major General Abdulmalik Jibrin, face two criminal counts in a case filed by Immigration officer Badiru Oluwafemi.
The Comptroller General of the Nigeria Immigration Service, Kemi Nandap, who was scheduled for arraignment at the National Industrial Court on charges of conspiracy and perversion of justice, failed to appear in court on Monday.
Nandap and the Secretary of the Civil Defense, Correctional, Fire and Immigration Services Board, retired Major General Abdulmalik Jibrin, face two criminal counts in a case filed by Immigration officer Badiru Oluwafemi.
Oluwafemi alleges that senior officials obstructed a court-ordered promotion and falsely claimed an out-of-court settlement, effectively stalling his career advancement.
In 2023, the Industrial Court ruled in his favor, ordering his promotion.
However, after he passed the 2024 exams, his promotion was withheld when the Comptroller General reportedly urged the Board to tie it to the withdrawal of his lawsuits.
During proceedings held in chambers Monday, Justice Sinmisola Adeniyi admitted she had skipped a procedural step before issuing the criminal summons.
She explained that the proper process would have been to first direct the police to investigate and report back before arraignment.
The matter was adjourned to 31 March 2026 for the police report and possible arraignment of the defendants.
In a related contempt case, Justice Rakiya Haastrup fixed 17 December for hearing.
The claimant seeks the committal of the Comptroller General to prison for failing to comply with a December 2023 order directing his promotion.
The Contempt case is seeking to commit five principals of the Nigeria Immigration Service and the Board for wilfully disobeying the judgment of the court.
Counsel for the Immigration boss, Uduojie Kennedy, told the court his client had complied with the order, promoted the claimant, and placed him on a new salary scale. However, under questioning, he admitted he had no evidence of salary payment.
Similarly, Jummai Adaramola, counsel for the Secretary of the Board, argued that the order had been complied with but added that her client is protected under the Public Officers Protection Act.In sharp contrast, Armiyal Aduku, counsel for Oluwafemi insisted his client had not been promoted, undermining the respondents’ claims.
Justice Haastrup adjourned the matter, urging all parties to resolve the issue of evidence regarding payment of the judgment sum and report back at the next hearing on 17 December.
News
Ribadu Promises Quick Return of Abducted Students
The National Security Adviser, Nuhu Ribadu said efforts are in top gear to ensure a swift recovery of the abducted students
Picture: The Catholic Bishop of Kontagora Diocese and Proprietor of the school, Rev. Bulus Yohanna and parents of the children in Kontagora with the National Security Adviser, Nuhu Ribadu.
The Federal Government has raised the hopes of parents and the authorities of St. Mary’s Private Catholic primary and secondary school, Papiri in Agwara local government area of Niger state.
Ribadu expressed the optimism when he visited the Catholic Bishop of Kontagora Diocese and Proprietor of the school, Rev. Bulus Yohanna and parents of the children in Kontagora, the National Security Adviser, Nuhu Ribadu said efforts are in top gear to ensure a swift recovery of the abducted students.
While delivering President Bola Tinubu’s message of hope and assurance, Ribadu asked Nigerians to join hands and defeat the common enemy causing havoc in the country.
The Principal of the school Rev. Sister Felicia Gyang and a representative of the Parents Mr. Luka Iliya narrated how the incident happened including the ongoing trauma they face while urging the government to do all it can to secure the safe return of the abducted students.
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