21/01/2026
I saw this post from Richard Chibo and I want my friends to pick one or two from my response.
My ten Kobo illustrated with real life scenerio.
The problem of Nigerians currently is accommodation, this is why the majority of developers only give accommodations and rental income.
They do not know that there is more to get in real estate investment.
This is why they go for cheaper properties be it land or house.
If struggling investors begin to seek for values beyond accommodations and rental income,a lot of developers will pack up.
How can you buy a house or land for just future accommodation and rental income only?
Someone reached out last week that he wants to buy a property in Abuja for Land banking.
He told me that he was offered 2500sqm(5plots) in an estate for 50mill.
Comparing it to my land 1700sqm(a little above 3plots) 95mill with its own individual FCDA title and Purpose is Mixed use multi purpose multi functional land.
(NOTE They are both landbanking).
He was comparing mine with the land inside estate.
I don't try to convince investors especially when they start comparing my value negatively.
So I didn't try to convince him,I Let him walk because their is no point.
What he doesn't know is that the 5 plots of land inside the estate is for prototype design houses of 5 units of duplexes for maximum of 5 families and he must build according to that design and that unit,he cannot build more than that 5 units if not it will be a violation that will lead to demolition.
Meanwhile my 1700sqm which is a little above 3 plots that is mixed use multi purpose multi functional is probably going to give him at least 50 units of both Residential and commercial on one land,asin he will build for both Office and residential on the land.
What this means is that as someone coming into abuja to invest in a property in a place where you must build exactly according to land use, purpose and density,with no idea of what the future holds,and with how expensive commercial lands are in Abuja,the best time to acquire one is when there is no single development aka land banking,you never can tell if you will need a land that you can use as your head quarter in Abuja where you will use as office and also staff living area. You would have gotten a perfect land for it at a giveaway because when road and infrastructure comes in a district in Abuja,land like that jumps to 1billion especially commercial lands because it gives you more units.
And unlike the land inside estate where the original title is with the developer,this title is with you,you can register power of attorney immediately,pay the CofO bill,if you don't have money to develop when development comes, because you have the original CofO and registered power of attorney,you can simply ask for construction loan from your bank after getting a building approval for your structure and you will deposit the original in the bank and the bank will pay for materials and artisans,while you pay back and to pay back,you can sell some units of the offices or apartments to offset your loan.
And you can use your original CofO and power of attorney in your name to surety someone or yourself if you are required as a bail condition to provide a property in Abuja your estate land can't do it.
And let's assume you don't want bank construction loan,you can get a JV and have someone develop the structure while you share finished units meaning that you used 95mill to buy atleast 25 units of apartments and offices that will probably be selling for atleast 100mill or giving you 5-10mill in annual rent.
And if you rent it,you will collect more in rent than someone who has 5 families on his properties and if you make each unit Bankable because you have the individual Bankable title and approvals,in old age even if you have medical emergencies,a bank will be willing to take your document and give you loan while your tenants offset your debt.
My point is that before an investor starts reasoning this way,he must be with billionaires who leverage real estate to grow their NETWORTH.
Billionaires look beyond rental income and accommodation but poor people don't
Value in real estate are already here but the rich are the ones that have access to it
I'm Barr. Mrs Uzoamaka Ivy Egemba the number one real Estate title Analyst and legal compliance expert in Abuja Nigeria.
Pardon Any typographical errors
