₦airaland Forum

YourNemesis:
No wonder your list was filled with poo. You are the one who is biased..... I am led to believe you are from Delta state or around that area.
So your criteria for measuring the lucrativeness or buoyancy of an area's property market is how much houses get rented to poor and middle class people.
Yes, there might not be a "city" called central Ogun for now, because that entire area is a cluster of mid sized settlements, but trust me just because the area does not have an official city name yet, does not mean it is a dead zone, it is a hive of building and property explosion. When everything congeals into a proper metro, you will know wassup.
After-all, there is no city called Silicon valley, yet it is world renowned today.

I dont know if your problem is inabillity to read and comprehend or emotional bias. I never insinuated that the region or areas of Ogun state bodering Lagos state are "dead zone". Do you even know the meaning of the word LUCRATIVE

Chukazu:
Yenegoa ahead of Aba and Onitcha?
if it is so lucrative how come the place is still backward?

Bro, I resided in Aba for donkey years and we have properties there. Aba & Onitsha cant be in the first ten based on the parameter used which is "LUCRATIVE". Property returns is very low in Aba, you can get a two bedroom flat in Aba for a ridiculous 120,000 naira per annum! I mean even in relatively decent areas like Ogbor-hill, Umungasi etc but such amount can only get you a self contain in the suburbs of Owerri like Nekede, Orji etc. Same also applies to Yenegoa in a lesser extent & shops in Aba can be as low as 5k to 10k per month while same will go for as much as 30k to 50k in Owerri or Yenegoa!

meezynetwork:
Incomplete list. No Kaduna or Kano?

Kano & Kaduna would be included among twenty most lucrative property destinations in Nigeria but certainly not in the first ten, based on the parameter used, which is "LUCRATIVE"

YourNemesis:
Bullshit list.

1 - Lagos
2 - Abuja
3 - Port Harcourt
4 - Ibadan
5 - Enugu
6 - Central Ogun (Lagos-Ibadan axis)
7 - Onitsha and environs
8 - Uyo
9 - Benin
10 - Kaduna

Worthy mentions: Ilorin, Owerri, Awka, Abeokuta, Kano and Asaba.

Pls we should not allow sentiment to overide logic. You are emotionally biased. I'll like you to answer a few questions; First, how much is the average rent for a self contained apartment or two bedroom flat in Ibadan, Onitsha, Uyo or Kaduna against Warri, Owerri or Asaba Secondly, is there a city in Nigeria called central Ogun I am appalled by your reasoning and those liking your obviously uninformed post.

This man said the obvious truth, others can keep lying to themselves to feel ok but the truth shall always prevail. Its only in Igboland that I see a lot of selfless service by the rich and middle class to help the poor, a man in Anambra single handedly turned his village into a town by biulding hospitals, roads, skyscraper, police stations, houses for widows etc & there are so many other instances across Igboland!

Chai, Buhari has reduced Nigeria to a basket case. Hunger is no respecter of person nor proffession!

Lalasticala should come and choose where to build his mansion

(10) IBADAN; This city was once the capital of the old Western region and pioneered a lot of things in Nigeria like the first television station, the first university etc. Returns on property investment in this city is fairly high, especially in high brow areas like Iyaganku and Agodi GRA's.
PROS; The city has a lot of universities and research institutes and also a number of multinational corporations which attracts a lot of expatriates and middle class Nigerians that are willing to pay any amount for decent estates.
Land and labour are both cheap.
CONS; Only a small fraction of its population can afford to live in such high end estates.
Since it lost its status as the capital of the Western region, most Yoruba high net-worth individuals now prefer to live in Lagos and Abuja.

(9) BENIN; Despite being an ancient city that survived a British onslaught which led to the destruction of medieval monuments and plundering of centuries old artifacts. Benis has been able to reinvent itself as a modern city that attracts a lot of Nigerians and others as well.
PROS; Its a nodal town, situated at a strategic intersection between the East and West.
Its a state capital and also has a number of universities and research institutes.
Land is relatively cheap.
The city and its catchment areas are known for their hustling spirit, so its not uncommon to see a lot moneybags that made it not just in politics, football or music but also in some vices like human trafficking, drugs and yahoo.
CONS; With the emergence of several oil rich states and cities in the Niger delta, Benin has lost much of its attractiveness to these contemporary cities.

( WARRI; This city is famous for producing a lot of comedians and musicians in Nigeria. It also prides itself as the unofficial capital of oil rich Delta state. There are lots of expatriates and Nigerians working in the oil industry in this town. It also has a refinery and oil servicing firms, by virtue of these and others, decent accommodation is in high demand and people are willing to pay premium rates.
PROS; Its an oil city and cash flow is high.
Militancy, oil bunkering and extortion has produced a lot of filthy rich individuals who are in need of posh estates to match their worth.
CONS; Ethnic conflicts between the the indigenous trio of Ijaw, Itshekiri and Urhobo as well as the resurgent militancy has made the city volatile.

(7) YENEGOA; This town, built right in the middle of the mangrove swamp forest, is a gold mine to the few courageous estate developers that overcame the odds of natural and man-made hurdles to pitch tent in this city.
PROS; Its the capital of an oil rich state.
Politics, Militancy and bunkering has produced a lot of wealthy individuals that are always on the look-out for nice apartments.
CONS; It is situated in an inhospitable and obscure environment with lots of swamps and rivers which makes development of structures very tedious and expensive.

(6) ASABA; Asaba is an emerging city in terms of real estate development. Aside enjoying the status of being the capital of oil rich Delta state, its close proximity to the commercial city of Onitsha has become a great advantage to Asaba. A lot of people now live in Asaba while working or doing business in Onitsha. Nollywood has also made the city its base for shooting films.
PROS; Influx of people from Onitsha has shot-up demand for real estates in Asaba.
Its a gateway to the East.
The city is relatively serene and peaceful.
CONS;The city is not getting the much desired attention as a state capital.
Its infrastructure is still underdeveloped.

(5) OWERRI;This city is fast assuming the toga of a tourist rendezvous. With the highest number of hotels, clubs and eateries per square mile in Nigeria. There are also many higher institutions domiciled in the city. A fairly decent infrastructure, very peaceful and serene environment with night life. The city is also strategically located between the oil hub of the Niger delta and commercial cities of the East.
PROS; The populace are well educated.
Very good returns on rent.
Used to be Nigeria's cleanest city and also very peaceful and serene.
CONS;Indecency is rife, with women of easy virtue on the prowl.
The populace are laid back and likes merriment rather than engaging in productive ventures.
The city seriously lacks industries and companies

(4) ENUGU; On the 5th spot is the coal city. this city has a lot going for it, Enugu was once the capital of Eastern region, the defunct Biafra republic and currently the capital of Enugu state.It has an international airport, several higher institutions and companies. Decent infrastructure like good roads, street lights, shopping malls, exclusive estates and a very high IGR.
PROS; The city is peaceful and serene.
It has remained the unofficial political capital of the East.
A very high IGR which led credence to a huge productive middle class.
Infrastructural and social amenities are okay.
CONS; The city is situated on lateritic soils which gives it a dusty and dirt town outlook.
Very poor federal allocation.

(3) PORT HARCOURT; Port Harcourt is unarguably Nigeria 3rd most important city, with seaports, airports, refineries, petrochemical plants, oil servicing firms etc.
A self contained apartment can go for as high as 350,000 per annum, while a bedroom flat can be over a million naira per annum depending on the location.
PROS; The populace has a very high purchasing power.
There is very good returns on property/estates.
CONS; There is a huge gap between the rich and the poor.
The indigenous people are lazy and often extort money from investors.
Land is very expensive.
The city has only one major thoroughfare that is always locked in traffic jam.

(2) LAGOS; On the number two spot is Lasgidi, Nigerias economic and financial hub. The city is reputed to be Africas 5th largest economy, with a metro population that is almost twenty million people. With such a staggering population, there is bound to be a perennial housing deficit. There are several seaports, airports, companies, factories, world class hotels, embassies, telecoms and banks.
PROS; There is a huge insatiable market.
It is the nation's number one investment destination.
The city state dwarfs every other state in Nigeria, in terms of IGR.
CONS; The city suffered many years of neglect when the federal capital was moved to Abuja.
Infrastructure has not been able to meet up with population explosion.
Life is stressful for a lot of its citizens due to factors like traffic gridlocks, lack of accommodation, high taxation, high number of street urchins etc.
Fraud and harassment by "omo oniles" is rife.
Land is very expensive.

(1) ABUJA; As expected, Abuja, the nations capital takes the number one spot. This beautiful and custom made city can compare with any in the world. The infrastructure is top notch and being the seat of power, there is government presence and attention.Security is also tight. What the city lacks in industry and commerce, it made up through political activities and government spending.
There are very exclusive estates like Maitama and a few others were properties are so expensive either for rent, lease or sell that only those in the forbes list of millionaires or politicians can afford.
Accommodation/housing will remain in hot demand even in the distant future, based on the rate of influx of people from various parts of Nigeria.
PROS; Abuja is the nations capital, so the best of infrastructure and security is available here.
Returns on investment is very high.
CONS; Maintenance of facilities in the city took a turn for the worse, since the period of El Rufai as FCT minister.
Abuja is fast facing the same problems that plagued Lagos such as traffic gridlocks, population explosion and distortion of the city's master-plan.
Many estates are largely unoccupied because of 'cut throat' rent and the worsening recession.
The city is not self sustaining and rent seeking activities is rife.

Alariwo2:
no difference from ipob yewts
easy to brainwash

You are sick! Average IPOB person is far more intelligent than you!!!

Lol, Just Negodu These people dont know the extent to which things have deteriorated. Even the zombies are no longer buying their lies and propaganda due to massive hunger. They should continue to decieve themselves with useless probes that ends on the pages of newspapers, a time of reckoning is fast coming!!!

Goldenboy842:
Download and use anonymox on your chrome browser.

Thanks for your assistance. I did download the anonymox on chrome browser but after a day, i got a message that my free trial version has expired and i should choose a plan with diferent amounts! I thought its meant to be free pls help a bro with a link or particular brand name i should download. I'm going crazy seeing all the testimony by successful folks while i cant even open an account without it showing Nigeria

If GEJ's enemies now show him this kind of love because the dullard has messed up with them big time, then I wonder what will happen when he steps feet in Igboland

Adesiji77:
You can say that again!

Lol, but why did you edit it by removing the latter paragraph Is it that you dont support the impeachment or removal of buhari by any means necessary Whats your take on that since the situation has gone past being called a wailer or zombie because we have all become both!!

Sasuwa:
this drugs companies are owned by pdp memebers, now that they cannot asses free money , their business is crumbling, wwe all know they are enjoying corruption before.

If this sarcasm or mockery of the change chanters, then you are right but if otherwise......

okowande:
U lied! Dbanj is into other investments so just bc he does not release song anyhow does not mean he is a broke ass!!!

Other thinks like what exactly koko garri If his choosing career is doing well, do you think he will have time for mundane things

Its really amazing on how Nigerians are still managing to survive in the face of such daunting challenge. Buhari should be impeached or removed by any means necessary! This old man is obviously confused and to think that nothing serious is being done to salvage this deadly situation makes it the more scary and horror-full. Nigeria will enter depression by january and by then, most of the poor masses would have gone past their wits end!!

Chai, but according to Buhari & his attack dogs, boko haram has been technically defeated, they now kill just unimportant soft targets

drss2:
with d way buari is ruining his own govt meddling in middle east crisis dat does not concern him, i see him becoming d last president of nigeria

Buhari is a curse plaguing Nigeria. He is so dull and incompetent to know that Iran can destroy not just his useless government but the country itself by arming the shittes, supporting the secessionists and also supplying the millitants with vital equipments to wreck more havoc!! I DONT SEE HOW NIGERIA WILL SURVIVE BUHARI'S REGIME INTACT.

Just Negodu? Buhari has run mad!

Dbanj should just declare bankrupcy immediately! His fortunes nosedived the moment he left Don Jazy and joined Kanye West thinking he has arrived.

The !Diotic Presidiot is busy chasing rats while the house is burning!

Goldenboy842:
I don't use vpn on phone. Why is it difficult for you to download.

Pls is there any icon after downloading it? I just finished downloading it on google and it showed "thank you for downloading anonymox" but there is no icon on my desktop, does it mean i'm now covered to use it on chrome?? pls help me!

Goldenboy842:
Download and use anonymox on your chrome browser.

This hurdle is really frustrating me. To even download it on my laptop is a problem. pls can it work on android phone like techno w3?

TeamSimple:
Jonathan suffered more than what you have listed here. Please how is it affecting Jonathan?

No GEJ did not suffer up to that. What we had then was politically instigated security crises in the north east with bombings in the north but the economy was ok. Today, boko haram is still killing both soldiers and civilians in the NE, Millitancy in the SS, separatist agitation in the East and widespread hunger with the economy in recession! Nigeria has never been in a worse state than this since the end of the civil war & Buhari is to be blamed for it!!

TeamSimple:
I will only start applauding there actions when it starts affecting the president and the power holders. But till then,this is just a silly act. And yet some of their family members will creep in here and wail bad economy, recession. God punish bad Belle people.

Lol, you have no idea how government is run. Fyi, Buhari is on a hot seat at the moment. If you think all these crises is not affecting him, then I laugh again at your ignorance. Buhari may be dum.b and illiterate but he understands the import of mass hysteria! He is at risk of coup. He is at risk of assasination. He is at risk of being declared a persona non grata. Whatever image he had, is now totally rubbished. Posterity will dump him in the hall of shame. He is being cursed, insulted & ridicled everyday both online & in the streets and yes, he is aware of that!! Then Biafran agenda, boko haram, militancy. If you think he is not affected by the bedlam then Abacha would probably still be alife today!!

checkolatunji:
Hahaha haha haha........see brain washing

That means Catalonia's are happy too just as you guys?

You are sleeping and dreaming, pls wake up

Every separatist group will not achieve independence at the same time. Read about Czeckslovakia, USSR, East Timor, Eritrea, Sudan etc. Nigeria as presently constituted is not just a burden on West Africa but the entire world. Bashir & Sudanese Arabs/moors used to scoff at John Garang & his rebelion but today, that country has been balkanized & Bashir has remained a fugitive ever since. Nigeria is a poor third world country that cant witstand the heat should Trump decide to take up the case. You are the one who is living in a fools paradise. Nigeria is living on borrowed time, mark my word, a psunami is coming, that would change the landscape forever!

checkolatunji:
Lol..... Trump support will give them biafra Abi? Bunch of jokers.

The joke is on you! Trump support can single handedly make biafra come to pass, he will only direct UN to set plans on biafra referendum & buhari cant do anything to stop it. Trump will intimidate Nigeria by blocking arms sale to the country, restricting movement of Nigerian politicians and might even go to the exptent of placing hurdles on our financial systems and finally threaten buhari with ICC.

Little by little, the message is getting to Trump and we hope, as a no nonsense man, he would act at the appointed time and help end Nigeria's misery!

onatisi:
Immediately the girls were released ,boko haram became deadlier and the dullard plus his fellow fools keep telling Nigerians that no money or boko haram commanders were used as exchange!!!
I have said it that this will be the worst government in the history of Nigeria ,ppl didn't believe me then

FACT!

They should keep intimidating the media and blocking them from reporting the attrocities boko haram is doing in the NE. No one is fooled, if a number of high ranking army officers are being killed with reckless abandon, then the rank and file with civilians are endangered species!

Chai, No be small punishment.