Business
The Buy-and-Hold Strategy for Lagos Real Estate Investors by Dennis Isong
Population is increasing, businesses are expanding, and land is becoming more valuable. If done right, a buy-and-hold strategy can secure long-term wealth for any investor.

If you’re thinking of making serious money in Lagos real estate, you must understand one of the most reliable strategies: buy-and-hold.
This is when you buy a property, hold it for years, and allow its value to appreciate while earning rental income.
Lagos is a dynamic and ever-growing city.
Population is increasing, businesses are expanding, and land is becoming more valuable. If done right, a buy-and-hold strategy can secure long-term wealth for any investor.
Why Buy-and-Hold Works in Lagos Land and Property Appreciate Fast Lagos is a land of gold—figuratively.
With high demand and limited land space, properties in strategic locations appreciate fast.
If you bought land in Lekki Phase 1 twenty years ago, you could sell it today for more than 20 times the original price.
The earlier you buy, the better. Steady Rental Income Lagos is home to millions of people, and many prefer renting rather than buying.
A well-located property can generate steady rental income that grows over time.
The more people move into Lagos, the higher the rental demand.
Beating Inflation Nigeria’s economy has its ups and downs, but real estate always finds a way to stay ahead of inflation.
While the value of the naira fluctuates, properties continue to appreciate. This makes real estate a safe hedge against inflation.
Steps to Succeed in the Buy-and-Hold Strategy
1. Pick the Right Location Lagos has different property markets. Some areas grow faster than others.
Choose a location based on your investment goal.● For rapid appreciation: Look at developing areas like Ibeju-Lekki, Epe, or parts of Ikorodu.● For steady rental income: Invest in places with high demand for rentals, like Yaba, Surulere, Lekki, or Ikeja.● For luxury and long-term gains: Consider high-end areas like Ikoyi, Banana Island, or Victoria Island.
Do your research, visit the location, and study the growth trends before investing.
2. Buy from a Trusted Source Lagos real estate is lucrative, but it’s also filled with scams.
Many investors have fallen victim to land disputes or properties with unclear titles.
Ensure that the property has proper documentation—like the Certificate of Occupancy (C of O) or a Governor’s Consent.
Work with a reliable real estate professional who understands the Lagos market.
Don’t fall for “cheap deals” without verifying ownership.3. Decide Between Land or Built Property ● Buying land is great for long-term appreciation. You can hold it for years and sell later at a higher price.● Buying a house or apartment gives you immediate rental income while still appreciating in value.
If you have the patience to wait, land investment is powerful. If you want regular cash flow, go for rental properties.
4. Maximize Rental Income If your goal is passive income, make your property attractive to tenants. Consider:● Security: Lagos tenants prioritize safety.● Amenities: Good roads, water supply, and electricity boost rental value.● Short-let options: Platforms like Airbnb can give you higher returns, especially in areas like Lekki and Victoria Island.
If your property is well-maintained, you’ll attract quality tenants and increase your rental value over time.
5. Be Patient and Think Long-Term Real estate is not a quick-money scheme. The buy-and-hold strategy requires patience. Lagos properties appreciate, but it takes time.
Many investors regret selling too early when they see the prices skyrocketing years later.
Think of real estate like fine wine—it gets better with time. Potential Risks and How to Overcome Them Government Policies Policies like land use charges or demolitions can affect investments.
Stay updated with real estate laws in Lagos. Work with professionals to ensure your property is compliant.
Maintenance Costs
If you own rental property, you’ll need to maintain it. Set aside funds for repairs and upgrades to keep it attractive to tenants.
Bad Tenants
Some tenants may refuse to pay or damage your property.
Screen tenants properly before renting out your property, and have a solid lease agreement.
The buy-and-hold strategy is a proven way to build wealth in Lagos real estate. It allows you to generate rental income while your property appreciates in value.
With proper planning, the right location, and patience, your investment will reward you in the long run.
So, are you ready to secure your future with Lagos real estate? Start now—because five years from today, you’ll wish you had.
Dennis Isong and team.
+2348164741041+2348028667565
Business
President Tinubu empowers ICRC to approve PPP projects Valued below N10-20bn for MDAs
“Under the new directive, PPP projects valued below ₦10 billion for Parastatals/Agencies and ₦20 billion for Ministries will now be approved by respective Project Approval Boards (PABs) that will be constituted under ICRC guidelines and regulations.

President Bola Ahmed Tinubu has empowered the Infrastructure Concession Regulatory Commission (ICRC) to implement a more efficient and better streamlined Public-Private Partnership (PPP) project delivery process by approving PPP thresholds for Ministries, Departments, and Agencies (MDAs).
The approval was granted during the just-concluded Nigeria PPP Summit 2025, where President Tinubu declared that his administration was strengthening the ICRC as the “engine room of Nigeria’s infrastructure revolution,” noting that PPPs would be pivotal in driving transformative development across the country.
Until now, all PPP projects—regardless of size—were subjected to Federal Executive Council (FEC) approval, resulting in extended processes and limiting the participation of MDAs with small and mid-scale projects.
The Director General of the ICRC, Dr Jobson Oseodion Ewalefoh, who disclosed the presidential approval, said: that the new policy decentralizes the approval process, allowing MDAs to approve projects below specified thresholds under ICRC guideline, thereby supporting all scale of projects and encouraging broader private sector investment in PPPs.
“Under the new directive, PPP projects valued below ₦10 billion for Parastatals/Agencies and ₦20 billion for Ministries will now be approved by respective Project Approval Boards (PABs) that will be constituted under ICRC guidelines and regulations.
Only projects exceeding these thresholds—or those involving multiple Ministries and requiring inter-agency coordination—will require FEC approval.
“Importantly, all such projects must be entirely privately funded, with no government guarantees or financial commitments from the treasury.
Notwithstanding the new thresholds, every PPP project must be submitted to the ICRC for review and certification.
The ICRC must issue certificates of compliance before any PPP project can be approved by the PAB and other approving bodies,” he said.
Dr Ewalefoh explained that this framework marks a shift from the previously adopted one-size-fits-all approach, to a more dynamic and scale-sensitive model that will unlock low-value but high-impact projects. “This approval is a game-changer, especially for sectors like health, education, agriculture, and housing.
We expect to see private sector- led investments in projects like rural diagnostic medical centers, construction of classroom blocks, student hostel and delivery of affordable housing schemes across the country—with less bureaucratic requirements under the new adopted process.” he added.
He emphasized that the new framework aligns with President Tinubu’s broader public procurement reforms, ensuring harmony across the government’s financial and investment systems.
“By decentralizing approvals, the government is supporting and unlocking investments opportunities through improved capital inflows, job creation, and faster project delivery—exactly what we need in this current economic climate.”
Dr. Ewalefoh stated that the ICRC will continue to promote, guide, facilitate and regulate the PPP ecosystem in the country, while collaborating with other agencies in the infrastructure ecosystem including the Bureau of Public Procurement (BPP), Ministry of Finance Incorporated (MOFI), Bureau of Public Enterprises (BPE) among others.
He enjoined MDAs as project owners and grantors to take advantage of the approved threshold and the new guidelines that will be issued by the Commission.
MDAs are encouraged to embrace the utilization of PPPs for the delivery of critical infrastructure in delivering on the Renewed Hope Agenda of Mr. President.
Business
George Elombi is Afreximbank’s new president
He succeeds Benedict Oramah, a professor, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September.

The shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution.
He becomes the fourth president to lead the bank since its establishment in 1993.
His appointment was one of the key decisions of the 32nd Afreximbank group annual meetings and associated events held in Abuja, Nigeria, from 25 to 28 June, with the formal annual general meeting of shareholders taking place on Saturday.
He succeeds Benedict Oramah, a professor, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September.
A Cameroonian national, Mr Elombi has been with Afreximbank since 1996, as a Legal Officer.
He rose through the ranks to become Executive Vice President, Governance, Legal and Corporate Services.
Over his nearly three decades at the bank, he has served as director and executive secretary (2010–2015); deputy director, legal services / executive secretary (2008–2010); chief legal officer (2003–2008); and senior legal officer (2001–2003).
Business
NRS Chair: New tax laws won’t be implemented until January
According to Adedeji, the Federal Inland Revenue Service, FIRS by the signing of the bills into Law is now the Nigeria Revenue Service (NRS), explaining that the new law now defines the NRS’s expanded mandates…

•President Bola Tinubu shake hands with NRS Chairman, Zach Adedeji.
The Chairman of the Nigeria Revenue Service (formerly FIRS), Zach Adedeji, has disclosed that the implementation of the newly signed four tax fiscal reform laws will commence by January 1st, 2026.
Adedeji told State House correspondents shortly after the President signed the bills into law, the previous day.
Adedeji said that the modalities will be put in place ahead of the implementation.
Adedeji further explained that the six-month period between the enactment of the new fiscal laws is designed to give ample time to those saddled with the implementation to carefully prepare and ensure that all Nigerians are adequately sensitised.
According to Adedeji, the Federal Inland Revenue Service, FIRS by the signing of the bills into Law is now the Nigeria Revenue Service (NRS), explaining that the new law now defines the NRS’s expanded mandate, including non-tax revenue collection, and lays out transparency, accountability, and efficiency mechanisms.
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