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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?”

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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.

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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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