The ECOWAS Bank for Investment and Development has announced approval of $100m in funding for the construction of a 47.7km stretch of the Lagos-Calabar Coastal Highway. This is a major boost to the Federal Government’s quest to deliver the 700km Lagos-Calabar coastal highway by 2028. The 47.7km segment, designated as Section 1, Phase 1 of the project, starts from Ahmadu Bello Way in Lagos....
The Lagos State Government has launched the Lagos Identity Project, a digital house-numbering initiative aimed at enhancing property identification and service delivery across the state. The Special Adviser to Governor Sanwo-Olu on Enterprise Geographic Information System, Dr Olajide Babajide, said the initiative would significantly improve property identification and public service efficiency.He made...
If you’ve been following recent economic reforms in Nigeria, you’ve probably heard about the new tax laws being proposed under the Presidential Fiscal Policy and Tax Reform Committee. But what does all of that mean for the real estate industry? As a developer, investor, Real estate consultant, or house-hunter, these new rules could reshape how you build, buy, and sell property...
Hearing terms like “economic downturn,” “inflation,” and “currency depreciation” can send a chill down the spine of even the most experienced investor. And if you’re just starting out or considering a big move like real estate investment, it’s only natural to ask: Is real estate still a safe bet when the economy seems anything but stable? Well, let’s break it down...
The Lagos State Government is turning up the heat on illegal rental charges. In a recent announcement, authorities declared that fees such as caution fees and inspection charges are unlawful, as part of broader efforts to make housing more affordable. While the intention is commendable after all, housing costs are a real challenge for many Lagosians, the decision to outlaw caution...
The U.S. administration's decision to increase tariffs on Nigerian goods from 10% to 14% sent shock waves through various sectors of Nigeria's economy, including real estate development. These tariffs directly target trade but their indirect consequences are being felt even in Nigeria's property market, and especially among developers who rely heavily on diaspora investments and imported...
Across Nigeria, and particularly in high-demand markets like Lagos and Abuja, estate agents are facing pressure from homeowners, from competition, and from themselves. And in the race to impress and secure instructions, some agents are giving in to temptation of inflating property prices to please sellers. But here’s the uncomfortable truth: Overvaluation isn’t a strategy. It’s a...
At first glance, real estate seems like a physical business concrete, fences, roofing sheets. But step into the mind of a serious investor, and you’ll realize: real estate is 80% mindset, 20% property. Because in this game, it’s not just about what you buy. It’s about how you think before you buy. That’s what separates a landlord from a legacy builder. So, what really...
Buying a home isn’t just about numbers and location, it’s about feelings, perceptions, and subconscious decisions. Have you ever walked into a house and immediately felt at home? Or, on the flip side, rejected a property for reasons you couldn’t quite explain? That’s psychology at work. At Babajide Okusaga & Co., we don’t just help you find properties, we help you understand...
What separates successful real estate investors from those who struggle? It’s not just money it’s mindset. Think about it. Two people can have the same amount of capital, yet one builds an empire while the other remains stuck. The difference? One has a landlord mindset, and the other doesn’t. If you want to build lasting wealth through real estate, you need to start thinking like...