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Top 10 Places Where Smart Money Flows in Lagos Real Estate in 2024, by Dennis Isong.

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Last week, my friend Chidi called me in a panic. “Bros, I just inherited ₦50 million from my extremely wealthy uncle, and my wife wants us to buy land in Banana Island!” he exclaimed.

I couldn’t help but laugh. “Chidi,” I replied, “with ₦50 million, you can’t even buy a decent-sized parking space in Banana Island.”

That’s the reality of Lagos real estate – a market where dreams meet practicality, and smart investors look beyond the obvious.

 As Lagos continues its relentless expansion, new investment opportunities are emerging in previously overlooked areas.

Let’s explore the top 10 real estate investment hotspots that promise significant returns in 2024.

 1. Sangotedo

Once considered the backwoods of Lekki, Sangotedo has transformed into a real estate goldmine.

With the completion of several major road networks and the presence of notable institutions like the Lagos Business School, property values here have appreciated by over 40% in the last two years.

The area offers a perfect blend of residential and commercial opportunities, with land prices still reasonable enough for medium-scale investors.

2. Ikorodu

North Don’t roll your eyes just yet! Ikorodu North, particularly around Ijede Road, is experiencing unprecedented development.

The ongoing road expansion project and the proposed Fourth Mainland Bridge access point have triggered a surge in property values.

Early investors are already reaping rewards, with some reporting up to 60% appreciation in just 18 months.

3. Epe

The quiet transformation of Epe into a major industrial hub is perhaps Lagos’s best-kept real estate secret.

With the Lekki Deep Sea Port now operational and the Dangote Refinery nearby, Epe’s real estate market is on steroids.

Focus on areas around the Lekki-Epe Expressway and the new Epe Resort Road.

4. Badagry

History is repeating itself in Badagry, but this time with property values.

The completion of the Lagos-Badagry Expressway project has opened up unprecedented opportunities. International investors are quietly acquiring large land parcels here, particularly around the Free Trade Zone area.

The planned seaport project makes this a long-term investment goldmine.

5. Abijo GRA

Situated between Ajah and Ibeju-Lekki, Abijo GRA represents the new face of luxury suburban living in Lagos.

The area benefits from excellent infrastructure and proximity to major developments along the Lekki corridor. Property values here have shown consistent appreciation, with a remarkable 35% increase in the past year alone.

6. Isheri North

This area’s transformation from a flood-prone zone to a prime real estate location is nothing short of miraculous. Improved drainage systems and the completion of several estate projects have boosted investor confidence.

The proximity to both Lagos and Ogun states makes it a unique investment opportunity.

7. Bogije

Located along the Lekki-Epe Expressway, Bogije is experiencing a real estate renaissance.

The area benefits from its strategic location between developed Ajah and the industrial hub of Ibeju-Lekki.

Land prices here are still relatively affordable, making it attractive for both individual and institutional investors.

8. Agbowa

Don’t let the distance fool you. Agbowa is emerging as Lagos’s new industrial frontier.

The state government’s focus on developing this area as an industrial hub has sparked interest from real estate investors.

Early birds here stand to gain significantly as industrial development drives residential and commercial property demand.

9. Alimosho

As Lagos’s largest local government area, Alimosho continues to offer diverse real estate opportunities. The focus areas are around Ikotun-Igando and Ayobo-Ipaja axes, where improved road networks and the proposed rail line are driving property appreciation.

The high population density ensures steady rental income for residential properties.

10. Ibeju-Lekki

Despite being an obvious choice, Ibeju-Lekki deserves its spot on this list.

The area around the Lekki Free Trade Zone continues to appreciate, driven by industrial developments and improved infrastructure. However, smart investors are now looking at secondary locations within Ibeju-Lekki, particularly areas around Eleko Junction and Akodo.Investment

As Lagos continues its march toward becoming Africa’s premier megacity, these locations offer varying degrees of opportunity for different categories of investors.

Tips:

●   Due diligence is crucial. Always verify land titles and obtain necessary documentation.

●      Consider infrastructure development plans when making investment decisions.

●      Long-term holds typically yield better returns in Lagos real estate.

●      Partner with reputable real estate professionals for guidance.

●      Keep an eye on government policies and development plans.

 Remember Chidi? He eventually invested in two plots in Sangotedo instead of chasing the Banana Island dream.

Six months later, a major tech company announced plans to build their campus nearby, and his property value jumped by 25%. Sometimes, the best investment opportunities aren’t in the most obvious places. 

As Lagos continues its march toward becoming Africa’s premier megacity, these locations offer varying degrees of opportunity for different categories of investors.

Whether you’re looking for quick appreciation or steady long-term growth, understanding these hotspots’ unique characteristics and growth drivers is crucial for making informed investment decisions. 

The key to success in Lagos real estate remains the same: buy where development is going, not where it has been. As we navigate through 2024, these areas represent the sweet spot where opportunity meets affordability, promising significant returns for discerning investors.

▪︎Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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CASER Launches Prince Nduka Obaigbena National Secondary School Essay Competition

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The Citizens Advocacy for Social and Economic Rights (CASER) is proud to announce the launch of the National Secondary School Essay Competition in honour of Prince Nduka Obaigbena, Chairman of the ThisDay/ARISE Group.

This is disclosed in a statement issued by Otunba Gbenga Onayiga , Chairman, Board of Trustees, CASER, and Frank Tietie, Esq Executive Director, CASER.

The maiden edition of the competition will be exclusive to students of Government College Ughelli (GCU), the alma mater of Prince Obaigbena.

It reads:

” This initiative celebrates his enduring contributions to the advancement of excellence in journalism and broadcasting across the African continent.

The annual competition aims to inspire secondary school students across Nigeria to develop strong writing skills, critical thinking, rigorous research, and a deep commitment to truth, the core principles of responsible journalism.

In an age increasingly challenged by misinformation, online abuse, and the erosion of ethical communication, this competition aims to guide young minds back to the values of integrity, clarity, and accuracy in expression.

Essay Review and Judging Panel

Submissions will be judged exclusively by *Professor Abiodun Adeniyi, a foremost Professor of Communication and Registrar of Baze University, Abuja.

*Professor Sunny Awhefada , a distinguished scholar from the Department of English and Literary Studies at Delta State University, Abraka, developed the evaluation criteria.

Prizes and Date of Award

The top three winning essays will receive the following cash prizes:•

1st Prize: ₦500,000 (Five Hundred Thousand Naira)•

2nd Prize: ₦300,000 (Three Hundred Thousand Naira)•

3rd Prize: ₦200,000 (Two Hundred Thousand Naira)Winners will be announced and awarded on 14 July 2025, coinciding with the birthday anniversary of Prince Nduka Obaigbena.

Inaugural Edition: Government College Ughelli.

The maiden edition of the competition will be exclusive to students of Government College Ughelli (GCU), the alma mater of Prince Obaigbena.

To ensure a smooth rollout, a Local Organising Committee (LOC) comprising members of the GCU Old Boys has been constituted as follows:

1. Mike Akoreh – Chairman

2. Efe Onomake – Alternate Chairman

3. Charles (Charlie) Umuakpero – Secretary

4. Oghenevwoke Edjere – Member

5. Sunny Ahanmisi – Member

6.Anthony Mukoro -Member.

The committee will commence its duties immediately to coordinate all activities and ensure the successful implementation of the competition.”

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2027: Hurdles Before The Coalition, By Emeka Monye

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The 2027 presidential election in Nigeria is shaping up to be a crucial contest between the ruling All Progressives Congress (APC) and a potential coalition of opposition parties. Several hurdles need to be overcome for the opposition coalition to succeed.

The political class is already preparing for this quadrennial event, holding consultations, meetings, negotiations, among other contending factors.

The ruling party, The All Progressive Congress, appears to be the most beautiful bride at the moment as members of other opposition parties have been courting the party, in a gale of defections, in what many political pundits and analysts described as a political tsunami.

While the APC seems to be enjoying the foray of defections by other party members into their fold, the main opposition party, The Peoples Democractic Party, PDP, appears to have lost its steam in the run of play.

The once dominant party is plagued by a series of internal crises which many political analysts believe will be the party’s undoings.

The once largest political party in Africa and oldest in Nigeria since it was created in 1998 by some elder statesmen, is now a shadow of itself, living in past glory and trying to win its way back to national prominence.

Already, some past and present leaders of the party have been consulting, negotiating, discussing, even though they have agreed yet, all in a bit to wrestle power from the stronghold of the Bola Tinubu-Led APC at the centre.

Former Vice President Atiku Abubakar, Former Presidential Candidate of the Labour Party in the 2023 General elections, Peter Obi, former Governor of Kaduna state, Nasir El-Rufai, among other bigwigs, are believed to be in talks with one another of how to build a possible coalition to edge the ruling APC in the power game.

Although, no concrete decision has been reached by the major actors, their negotiations and their inability to reach a consensus remain critical factors that might endanger the birth of a viable coalition.

Factors like who will step down for who as the realignment begins, remains a major issue, taking into consideration their individual experiences, exposures, skills, knowledge, capacities and egos.

Except this issue is resolved in the run up to the 2027 presidential polls, it will be a mirage for them to unseat the Tinubu-Led government.

While the running party is busy strategizing ahead of the 2027 presidential polls, the other parties are still grappling with their internal crisis.

Some analysts believe that Atiku’s past experience as Vice President under the regime of Olusegun Obasanjo, might give him an edge, while others think Peter Obi’s popularity in the South could bring a geographical balance to the ticket.

For them to form a strong force against the APC, then, they must find common platform and agree on a candidate, which might be challenging given their different ideologies and interest.

Other factors which some political analysts have highlighted that may pose as a stumbling block agents the coalition is the timing. The time between and 2027 is quite a short time for the coalition to gather and make the desired impact.

This of course, is no brainer. Any merger of alliance must be arranged within a reasonable timeframe to be effective. Also, the coalition will have to convince the Nigerian voting public of its purpose and demonstrate a clear vision for the country’s future, particularly in the area of addressing the economic misfortunes of majority of the people. Another hurdle that would be staring the coalition in the face remains the issue of power rotation.

While the south believe it’s that turn to complete their second term in 2027, the north on the other hand argue that they have been short-changed in the governance structure of the country – in terms of number of years – since the return of democracy in 1999.

Out of the total 26 years, the north has ruled for 11 years, with the south 15 years. The issue remains a key factor that would affect the coalition to birth.

The coalition, must as a matter of urgency, decency decide on this unwritten agreement about rotating power between the North and the South, potentially present a southern for one term to allow the South to complete its own two terms for the office of the president.

In conclusion, the coalition, if it really wants to win power in 2027, must make a compelling case for itself, highlighting its unique strengths and vision, rather than just criticizing the incumbent.

It needs to differentiate itself and show Nigerians that it has a better alternative.

Emeka Monye Is A Journalist And Works With ARISE NEWS.

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Mauritania’s Tah succeeds Adesina as 9th AfDB President

Tah was elected to succeed Adesina after rounds of voting conducted by the AfDB Board of Governors during the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.

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Mauritania’s Sidi Ould Tah has been elected as the ninth president of the African Development Bank Group (AfDB) as Nigeria’s Akinwumi Adesina prepares to bow out.

The Bank announced his election on its website on Thursday.

Adesina’s 10-year tenure will end this year and Tah is expected to assume office on September 1, 2025.

Tah was elected to succeed Adesina after rounds of voting conducted by the AfDB Board of Governors during the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.

The Board comprises finance ministers and central bank governors from the Bank’s 81 member countries.

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