7 REASONS WHY YOU SHOULD INVEST IN PROPERTIES IN LAGOS. Letter to my friends(11)
Dear Friends
I have a unique article today. Simple: I am inviting you to invest in properties in Lagos. It is not as impossible as you may think, and don't be dissuaded by 'negative news'. From my experience, rich people create a sense of 'impossiblities' and an ambiance of 'negativity' to create a dichotomy between them and perceived 'rivals'. You may wish to know that despite the economic downturns, there is a record increase of 'multi-millionaires in the world today more than ever!
Here I list 7 reasons why I think the best time to move in to Lagos property investment is now.
1. In Lagos as in many other countries, properties value tend to appreciate faster than any other investment vehicles. The return on investment(roi) is fantastic.
No wonder the prices of land are always rising. The demand for houses are always surpassing supply, and more people are property hunting either for building or for renting.
2. Someone said to me that land in Lagos is like Oil in the Niger Delta! Its even worse now that Lagos is now officially a mega city.
https://www.google.co.uk/search?q=lagos+mega+city+pictures&hl=en&sa=X&biw=988&bih=586&prmd=imvns&tbm=isch&tbo=u&source=univ&ei=IomqT6zLOOGc0QXA3OSbBA&ved=0CGMQsAQ
The development in Lagos, especially the Badagry and the Lekki axis are on a jet speed. The new beach front developments and the Lekki Free zone are testimonies of what that area of Lekki would be in 5-10years time. Check link:
http://www.youtube.com/watch?v=qEZ471l4N8Q
3. Lagos remain the commercial hub of Nigeria and West Africa, and I dare to say Africa. The number of foreign investors and expatriates flocking into Nigeria would amaze every frequent traveller like me. These people are bound to live somewhere, hence, its not surprising to see some rents in certain places going up to $100,000 per year if not more.
4. Property remains the investment vehicle of choice than any other investment. Even, when there is a downward trend, the property is still there, and would still fetch the value when the market turns around. You can use it as a saving tool, and it can always help grow your investment portfolio.
5. If you want to leave an inheritance to your children's children, the property market is your best bet. Your pension and retirement 101 can also be safely termed 'secured'
6. Everyone want to enhance their status by having a property. You have some sense of achievement with a property somewhere.
7. Compared to the western world. Lagos is a tax haven, even though we still complain about the tax, its no where near what you will pay in the UK or the USA.
MAKE A MOVE NOW and invest wisely in www.ellsworthinvestment.com time is going.
I love Lagos.
Think carefully and consult widely before you invest.
Here I list 7 reasons why I think the best time to move in to Lagos property investment is now.
1. In Lagos as in many other countries, properties value tend to appreciate faster than any other investment vehicles. The return on investment(roi) is fantastic.
No wonder the prices of land are always rising. The demand for houses are always surpassing supply, and more people are property hunting either for building or for renting.
2. Someone said to me that land in Lagos is like Oil in the Niger Delta! Its even worse now that Lagos is now officially a mega city.
https://www.google.co.uk/search?q=lagos+mega+city+pictures&hl=en&sa=X&biw=988&bih=586&prmd=imvns&tbm=isch&tbo=u&source=univ&ei=IomqT6zLOOGc0QXA3OSbBA&ved=0CGMQsAQ
The development in Lagos, especially the Badagry and the Lekki axis are on a jet speed. The new beach front developments and the Lekki Free zone are testimonies of what that area of Lekki would be in 5-10years time. Check link:
http://www.youtube.com/watch?v=qEZ471l4N8Q
3. Lagos remain the commercial hub of Nigeria and West Africa, and I dare to say Africa. The number of foreign investors and expatriates flocking into Nigeria would amaze every frequent traveller like me. These people are bound to live somewhere, hence, its not surprising to see some rents in certain places going up to $100,000 per year if not more.
4. Property remains the investment vehicle of choice than any other investment. Even, when there is a downward trend, the property is still there, and would still fetch the value when the market turns around. You can use it as a saving tool, and it can always help grow your investment portfolio.
5. If you want to leave an inheritance to your children's children, the property market is your best bet. Your pension and retirement 101 can also be safely termed 'secured'
6. Everyone want to enhance their status by having a property. You have some sense of achievement with a property somewhere.
7. Compared to the western world. Lagos is a tax haven, even though we still complain about the tax, its no where near what you will pay in the UK or the USA.
MAKE A MOVE NOW and invest wisely in www.ellsworthinvestment.com time is going.
I love Lagos.
Think carefully and consult widely before you invest.
Work begins on N71bn Lekki-Epe International Airport
ReplyDeleteBy OLUWOLE FAROTIMI
Thursday, May 10, 2012
Lagos State Government yesterday said it has begun work on the development of the Lekki-Epe International Airport to complement and provide alternative to the existing airport in the state.
The state Commissioner for Commerce and Industry, Mrs. Senapon Oworu, who disclosed this while briefing newsmen in Lagos said the state government had obtained the site approval for the airport from the Federal Ministry of Aviation.
Oworu revealed that the state government had also completed the masterplan on the 3500 hectares of land earmarked for the project , adding that the airport was designed to handle about five million passengers annually with provision for a modular terminal for future expansion.
She said preliminary work on the project had since began with the clearing of 4.5km of the access road and 9km of perimeter road, adding that it was in furtherance of its objective to make the Lekki Free Trade Zone a fully functional investment haven.
The commissioner assured that the Lekki Free Zone project was a reality as it had so far attracted key players particularly in the oil and gas sector with a greater prospect of attracting more investors as its development progressed, especially with the provision of power.
She said, “a further testimony to the development of the zone is the interest expressed by the Federal Government through the Nigeria National Petroleum Corporation (NNPC) to establish a pioneer hydrocarbon industry park, which would comprise a green field refinery, petrochemical, fertilizer and power plant within the zone. The state had earmarked 1500 hectares of land for the purpose out of which 550 hectares would be released for the development of the refinery and power plant.
“A Memorandum of Understanding has been signed with the NNPC to this effect. The refinery is designed to have a refining capacity of between 200,000 and 300,000 barrels of crude oil per day. When completed, it would help to shore up the domestic refinery capacity and close the prevailing demand-supply gap for petroleum products in the country.”
She saidd that the state government had made appreciable progress in some of the social challenges that had in the past encumbered the smooth implementation of the Lekki-Free Zone project.