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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?

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
News
NBC Celebrates 33 Years of Broadcasting Leadership in Nigeria

…..As Director-General Reflects on the National Broadcasting Commission’s Legacy and Future.
In a message marking the 33rd anniversary of the National Broadcasting Commission (NBC), the Director-General, Charles Ebuebu, acknowledged the organization’s significant contributions to the Nigerian broadcasting landscape.
Established three decades ago, the NBC was created with the crucial role of regulating, guiding, and developing the broadcasting industry nationwide.
The Director-General’s message highlighted the NBC’s journey, acknowledging both the successes and challenges faced over the years.
The statement reads:
“To the Management and Staff of the NBC, Esteemed Licensees, and Fellow Nigerians:” “Today marks a significant milestone in our nation’s broadcasting journey”.
“The National Broadcasting Commission (NBC) was established 33 years ago with a singular mandate: to regulate, guide, and nurture the broadcasting industry in Nigeria”.
“Over these three decades, we have grown together — from the era of limited analogue transmissions to the present digital age where voices, stories, and innovations find expression across multiple platforms”.
“This anniversary is not merely about numbers, but about the shared commitment of our staff, the resilience of our licensees, and the trust of the Nigerian public”.
“It is about the values of professionalism, integrity, and service to the public interest that have carried us through the years.
I therefore extend my heartfelt congratulations to the Executive Board of Management, the entire NBC family, and indeed all stakeholders who continue to uphold these values”.
“Looking Back with Pride from the earliest days of national radio and television, through the liberalisation of the broadcast space, to the present drive towards digital switchover, the Commission has consistently sought to ensure that broadcasting remains a tool for education, information, and national integration”.
“We have weathered challenges, adapted to changes, and remained a pillar in upholding national standards”.
Looking Forward with Purpose.
“As we celebrate this 33rd anniversary, we must equally look to the future with clarity and resolve”.
“The landscape of broadcasting is changing rapidly — artificial intelligence, online streaming, satellite-driven platforms, and converged media are now defining the way societies consume information”.
“Nigeria cannot afford to be left behind.
The NBC is committed to:
Deepening Digital Transition: Ensuring the success of Nigeria’s Digital Switchover project, with platforms that guarantee universal access, affordability, and inclusivity.
- Strengthening Local Content: Supporting Nigerian creativity and talent so that our airwaves reflect who we are — our values, our cultures, and our aspirations.
- Promoting Responsible Broadcasting: Expanding our capacity to monitor, guide, and check misinformation, disinformation, and harmful content that threaten social cohesion.
- Harnessing Technology for Regulation: Deploying modern digital tools, including AI-driven monitoring and data-driven audience measurement systems, to keep pace with global standards.
- Partnerships and Collaboration: Working hand-in-hand with licensees, industry players, and international partners to create a broadcasting environment that is vibrant, innovative, and globally competitive.
- Our Shared Responsibility:
- Broadcasting is not only about regulation; it is about nation building. Every station, every producer, every regulator, and every viewer or listener is a custodian of our collective narrative.
- “Together, we can ensure that the airwaves remain a space of truth, creativity, education, and unity.
- “On this 33rd anniversary, let us renew our pledge — as management, staff, licensees, and the Nigerian people — to build a broadcasting industry that not only serves today but also secures the future”.
- “Congratulations once again to the NBC family and all our stakeholders”.
- “May the years ahead be marked by even greater achievements for the broadcasting sector and for Nigeria”.
News
16-year-old student swept away by flood

A final-year student at Government Day Secondary School, Samaru, Zaria, Kaduna State, Miss Praise Malachi, tragically lost her life to flooding while rushing home to check her SSCE results, which a friend had told her were excellent.
The 16-year-old had earned a scholarship from the Centre for Girls Education, Zaria, in recognition of her outstanding academic performance.
Her father, Emmanuel Malachi, recounted that around 6:00 pm after heavy rain, Praise’s friends informed her at his shop about her results. Excited, she hurried home to check them on her phone but slipped while crossing a small river formed by severe erosion and was swept away by the floodwaters. Her body was recovered the next day in Hunkuyi, Kudan Local Government Area.
Neighbors Danladi Mudi and Emma Yashi explained that the area’s worsening erosion has made it highly prone to flooding, with several children having lost their lives in similar incidents before.
Habiba Mohammed, Director of the Centre for Girls Education, described Praise as an exceptional student and expressed deep sorrow over her death. She urged authorities to address the erosion problem and build a bridge on the dangerous road to prevent further tragedies.
News
Flood: NEMA issues new warning

The National Emergency Management Agency (NEMA) has instructed its field offices along the River Niger to enhance flood preparedness in response to rising water levels upstream in the Republic of Benin.
NEMA’s Director General, Mrs. Zubaida Umar, urged residents in flood-prone areas to stay alert and begin relocating to safer, elevated areas.
Kebbi, Niger, and Kwara states were identified as high-risk zones. She also called on state governments to strengthen their emergency response agencies and activate contingency plans.
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