News
The Profitable Venture of Building Warehouses on Land Property in Nigeria

By Dennis Isong
INVESTING in real estate has always been a reliable pathway to wealth generation, particularly in Nigeria, where the demand for land and property consistently rises due to rapid population growth. Among the various forms of real estate investments, building a warehouse on your land property stands out as a highly profitable venture.
What is a Warehouse?
A warehouse is a large building or structure primarily used for storing goods, merchandise, and materials. Warehouses serve as key nodes in the supply chain, where goods are received from suppliers, stored, and then distributed to retailers or customers.
They can range from small storage spaces to massive complexes covering thousands of square meters. The design of a warehouse is typically utilitarian, focusing on functionality, safety, and efficiency, with features like high ceilings, loading docks, and climate control systems to protect perishable items.
Uses of a Warehouse
- Storage of Goods: The primary function of a warehouse is to store goods, ranging from raw materials to finished products. This storage capability helps businesses manage their inventory and meet customer demands without the risk of stockouts.
- Distribution Hub: Warehouses often serve as distribution centers, where goods are received from various suppliers and then dispatched to retail stores, customers, or other warehouses.
- Order Fulfillment: In e-commerce, warehouses play a crucial role in order fulfillment, where products are picked, packed, and shipped to customers after an online purchase.
- Cross-Docking: This is a process where products from a supplier or manufacturing plant are distributed directly to customers or retail chains with minimal handling or storage time, reducing the need for warehouse space and speeding up delivery times.
- Product Consolidation: Warehouses can consolidate smaller shipments from different suppliers into a larger, single shipment, reducing transportation costs and increasing efficiency.
- Seasonal Storage: Businesses often need additional storage space for seasonal products. A warehouse provides the necessary space to store these goods until they are needed, such as holiday decorations or seasonal clothing.
- Inventory Management: Modern warehouses are equipped with inventory management systems that track the movement of goods, manage stock levels, and ensure efficient operations.
- Buffer Storage: Warehouses act as a buffer between production and consumption, allowing businesses to store excess inventory during times of low demand and release it when demand spikes.
- Packaging and Labeling: Many warehouses offer packaging and labeling services, where goods are repackaged, labeled, or customized before being shipped to their final destination.
- Product Testing and Inspection: Some warehouses are equipped with facilities for testing, inspecting, and even repairing products before they are shipped out to ensure quality and customer satisfaction.
Benefits of Warehouse Property Investment in Nigeria
- High Demand for Storage Space: Nigeria’s booming population and growing economy have led to an increase in the production and consumption of goods. This, in turn, has driven the demand for storage facilities, making warehouses a sought-after commodity. Companies in industries such as manufacturing, agriculture, retail, and e-commerce all require warehouse space to store their products and manage their supply chains effectively.
- Steady Rental Income: One of the primary benefits of building a warehouse on your land property is the potential for steady rental income. Companies are willing to pay premium prices to lease well-located and well-maintained warehouses. This provides property owners with a reliable and consistent source of income, often with long-term lease agreements that offer financial stability.
- Appreciation of Property Value: Investing in warehouse property not only generates rental income but also contributes to the appreciation of the property’s value over time. As urban areas expand and industrial zones develop, the value of land with functional warehouses increases. This makes it a lucrative investment for the future.
- Low Vacancy Rates: Warehouses, especially those located in strategic areas like Lagos, Abuja, and Port Harcourt, tend to have low vacancy rates. The consistent demand for storage space ensures that warehouse properties are rarely left unoccupied, reducing the risk for investors.
- Diverse Tenant Base: Warehouses attract a wide range of tenants from various industries, including logistics, manufacturing, retail, and e-commerce. This diversity reduces the risk of dependency on a single tenant or industry, providing a more stable investment.
- Scalability: Unlike residential or commercial properties, warehouses offer scalability. As your business grows, you can expand the warehouse space by acquiring adjacent land or optimizing the existing layout. This flexibility allows you to cater to larger tenants or store more goods, increasing your income potential.
- Tax Incentives: The Nigerian government, recognizing the importance of infrastructure and storage facilities, offers various tax incentives for warehouse construction and operation. These incentives can significantly reduce the overall cost of investment and increase profitability.
- Inflation Hedge: Real estate, including warehouse properties, is considered an effective hedge against inflation. As inflation rises, the value of the property and rental income tends to increase as well, preserving the purchasing power of your investment.
- Strategic Location Advantages: Warehouses strategically located near ports, airports, major highways, or industrial zones have a significant advantage. These locations reduce transportation costs and improve logistics efficiency for tenants, making such warehouses highly desirable.
- Potential for Conversion: Warehouses offer the potential for future conversion to other uses, such as retail spaces, offices, or residential units. This versatility adds to the long-term value of the investment.
How Warehouse Investment is Profitable for Nigerians in the Diaspora
For Nigerians in the diaspora, investing in warehouse property in Nigeria presents a unique opportunity to build wealth and maintain a connection to their homeland.
Nigerian tax laws offer various incentives and deductions for real estate investments, including warehouse properties.
Here’s how this investment can be particularly profitable:
- Currency Exchange Benefits:
Diaspora investors often have access to foreign currencies, which are stronger than the Nigerian Naira. Investing in warehouse properties allows them to take advantage of favorable exchange rates, reducing the overall investment cost while earning rental income in Naira. - Passive Income:
For Nigerians living abroad, managing day-to-day operations in Nigeria can be challenging. Warehouse investment offers a low-maintenance option to generate passive income. Once a warehouse is leased to a reliable tenant, it requires minimal oversight, allowing diaspora investors to enjoy steady income with limited involvement. - Portfolio Diversification:
Many Nigerians in the diaspora invest in real estate as a way to diversify their portfolios. Warehouse properties provide a unique asset class that offers both income generation and capital appreciation, helping to balance investment risk. - Leverage Local Knowledge and Networks:
- Diaspora investors can leverage local knowledge and networks to identify prime warehouse locations and negotiate favorable deals. Collaborating with local real estate experts ensures that they make informed decisions and maximize their returns.
- Contributing to Nigeria’s Economic Growth: By investing in warehouse properties, Nigerians in the diaspora contribute to the development of the country’s infrastructure. This investment helps create jobs, support businesses, and stimulate economic growth, which in turn, enhances the stability and value of their investments.
- Legacy Building:
Investing in warehouse property is a long-term venture that can be passed down to future generations. Diaspora investors can build a legacy for their families by acquiring valuable assets in Nigeria that will continue to generate income and appreciate in value over time. - Remote Management Solutions:
Advances in technology have made it easier for diaspora investors to manage their properties remotely. From digital lease agreements to online rent collection and property management platforms, investors can efficiently oversee their warehouse investments from anywhere in the world. - Tax Efficiency:
Nigerian tax laws offer various incentives and deductions for real estate investments, including warehouse properties. Diaspora investors can take advantage of these tax benefits to reduce their tax liabilities and increase their net returns. - Risk Mitigation through Property Management Companies:
For those concerned about managing properties from abroad, hiring a reputable property management company in Nigeria can mitigate risks. These companies handle tenant relations, maintenance, rent collection, and legal compliance, ensuring that the investment remains profitable without the investor’s constant involvement. - Potential for High Returns:
Given the high demand for warehouse space in Nigeria, especially in urban and industrial areas, the potential for high returns is significant. Diaspora investors can capitalize on this demand by investing in well-located warehouses, securing long-term tenants, and enjoying substantial rental income and property appreciation.
■ For personalized assistance with your property needs, contact Dennis Isong, a top Lagos realtor specializing in helping Nigerians in the diaspora own property stress-free.
Contact: +2348164741041
News
NAFDAC : Fake Cowbell Milk in circulation
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.

The National Agency for Food and Drug Administration and Control (NAFDAC) advises Nigerians to be vigilant and avoid purchasing counterfeit 12g Cowbell “Our Milk” sachets circulating across the country.
In a statement issued on Friday, the agency explained that the counterfeit product imitates the discontinued Cowbell “Our Milk” packaging, which Promasidor Nigeria Ltd stopped producing in September 2023.
The legitimate product was replaced with Cowbell “Our Creamy Goodness.”
The fake sachets unlawfully bear the Cowbell brand name, NAFDAC registration number and packaging design, despite not being manufactured or distributed by Promasidor.
The counterfeit products currently in circulation are imitations of the discontinued ‘Our Milk’ packaging and are not manufactured or distributed by Promasidor,” the agency stated.
“They bear unauthorised use of the brand name, NAFDAC Registration Number, and packaging design.”
The regulator raised concerns over the health risks posed by the counterfeit product.
“Risk Statement: Consumption of counterfeit milk poses serious health hazards, including exposure to toxic chemicals, unapproved additives, or diluted ingredients.
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.
Infants, children, pregnant women, and the elderly are particularly vulnerable,” NAFDAC warned.
News
Japan designates the city of Kisarazu for Nigerians to live and work
Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.

The Japanese government has designated the city of Kisarazu as the official “hometown” for Nigerians seeking to live and work in Japan
Japan also unveiled similar hometown designations for Tanzania, Ghana, and Mozambique in Nagai, Sanjo, and Imabari, respectively.
The announcement was made on the sidelines of the 9th Tokyo International Conference for African Development (TICAD9), a move aimed at deepening cultural diplomacy, promoting economic growth, and enhancing workforce productivity.
Under the new arrangement, the Japanese government will introduce a special visa category for highly skilled, innovative, and talented Nigerian youth. Artisans and other blue-collar workers willing to upskill will also be eligible to live and work in Kisarazu under the special visa dispensation.
“Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.
The designation of Kisarazu builds on historical ties between Nigeria and the city.
The Nigerian Olympic contingent trained in Kisarazu during preparations for the 2020 Tokyo Olympics, where athletes acclimatised before moving to the Olympic Village.
Mayor Yoshikuni Watanabe of Kisarazu, who received the certificate from the Japanese government alongside Mrs. Adeseke, expressed optimism that the initiative would boost the city’s population and contribute to regional revitalisation efforts.
News
BREAKING: FG, state, local governments share N2.001trn July revenue

The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).
The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.
The distributable revenue included:
- N1.282 trillion in statutory revenue
- N640.610 billion from Value Added Tax (VAT)
- N37.601 billion from Electronic Money Transfer Levy (EMTL)
- N39.745 billion from exchange rate difference
Out of the total distributed funds:
- The Federal Government received N735.081 billion
- State Governments received N660.349 billion
- Local Government Councils received N485.039 billion
- N120.359 billion was shared to oil-producing states as 13% derivation revenue
Revenue Breakdown:
Statutory Revenue (N1.282 trillion):
- FG: N613.805 billion
- States: N311.330 billion
- LGs: N240.023 billion
- 13% Derivation: N117.714 billion
VAT (N640.610 billion):
- FG: N96.092 billion
- States: N320.305 billion
- LGs: N224.214 billion
EMTL (N37.601 billion):
- FG: N5.640 billion
- States: N18.801 billion
- LGs: N13.160 billion
Exchange Gains (N39.745 billion):
- FG: N19.544 billion
- States: N9.913 billion
- LGs: N7.643 billion
- 13% Derivation: N2.643 billion
The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.
FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.
The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.
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