₦airaland Forum

Good morning guys, I have 545k that I saved in a bank giving me return of 7k per month, 2 months ago i saw a land available at place in ogun state after mowe ofada area. I want to ask should I withdraw the money to buy the land or keep enjoying the 7k..

Investment wise what is the best decison to take here

Pls banter and roasting is welcome. Because I’m here to learn. I know I’m not too smart.

Pix Google Image

Your input will be welcome guys

Well, this is roughly 1.3% of your capital monthly. I suggest you leave the money in the bank and keep adding to it so as to yield more monthly interest for you, and depending on how much you can save, this will just be like a side gig that pays you monthly stipend with your capital still intact. When you have saved enough, you can invest it into something that’s worthwhile. IMHO

nicodemusic:
Well, this is roughly 1.3% of your capital monthly. I suggest you leave the money in the bank and keep adding to it so as to yield more monthly interest for you, and depending on how much you can save, this will just be like a side gig that pays you monthly stipend with your capital still intact. When you have saved enough, you can invest it into something that’s worthwhile. IMHO

Okay boss, I respect that

Land is a fixed asset that grows over time: it's value will continue appreciating (except there's war or famine ). But you see that 1.3% the bank gives you on a monthly basis is still prone to inflation and other economic factors. So my advice is to buy the land

Do you have separate emergency funds and is your monthly salary enough to keep you and you still have some change left to save after?

If your answer is yes, you can invest in land because you're confident you won't be touching this savings in a while and the land can appreciate.

If no and it means you would have to touch this money in the event that you lose your job or something unpleasant happens, then don't buy land. Rather keep in the savings account, let it generate passive interest for you.

Please go and buy the land, it's better than 7k monthly allowance.

And thank me later.

One reason I won't advice u to buy land and keep is because of Omonile menace in that region. U may buy today,another day someone would start claiming ur land as his or even build up ur space.

U are too young to waste such money now.

For me,move that money to mutual fund no matter how small it is.

Bank is a no no for me.

Investment-wise, I'd ask a few questions before deciding, but based on the numbers alone:

₦545,000 generating ₦7,000/month means about ₦84,000 per year, roughly 15.4% annual return.

That's not a terrible return for money sitting relatively safely in a bank.

For the land to beat that investment, the land would need to appreciate by more than about ₦84,000 per year (plus cover any costs, documentation, transport, fencing, etc.).


The bigger issue is that not all land is an investment. In many parts of Ogun State, people buy land and it sits for 5–10 years with little demand. Meanwhile, some areas around Mowe, Ofada, Shimawa, and the Lagos expansion corridor have appreciated significantly because development moved there.

So the real question is:

1. Is the land genuine? (Survey, title, excision/gazette/C of O status, family ownership issues, etc.)
2. Is there actual development around it?
3. Can you afford to leave the money untouched for several years?
4. Do you have an emergency fund separate from this ₦545k?

If ₦545k is all your savings, I would be cautious about locking everything into land. Land is not liquid. If an emergency comes up next month, you can't sell one corner of the plot to pay hospital bills.

Now for the roasting part: "I know I'm not too smart."

My brother, the people who are not smart are the ones who buy land because the seller said: "Sir, Lagos is moving here."

Then Lagos refuses to move there for 12 years.

You're actually asking the right question: "What is the opportunity cost of taking my money out of an income-generating asset?" Most people don't even think that far.

My practical approach would be:

If the land is in a genuinely developing area and the title checks out, land could outperform the bank return over 5–10 years.

If this is your entire savings, don't empty your account unless you have another emergency buffer.

If possible, keep some cash reserve and use only part of your savings for the land.


One thing I'd like to know: Is the ₦7k monthly return guaranteed interest from the bank, or is it from a fixed deposit/investment product? And what's the exact price and size of the land? Those details would make the comparison much more concrete.

I bought land in a developing area at the beginning of the year 2025, within 1 year the cost of the land has doubled. To be honest buying land to keep is not easy. Yes it appreciates over time but there is the constant worry of what if something like dispute start??
If land case enter court e fit take 25 years to finish di case.

Meerahbel:
Investment-wise, I'd ask a few questions before deciding, but based on the numbers alone:

₦545,000 generating ₦7,000/month means about ₦84,000 per year, roughly 15.4% annual return.

That's not a terrible return for money sitting relatively safely in a bank.

For the land to beat that investment, the land would need to appreciate by more than about ₦84,000 per year (plus cover any costs, documentation, transport, fencing, etc.).


The bigger issue is that not all land is an investment. In many parts of Ogun State, people buy land and it sits for 5–10 years with little demand. Meanwhile, some areas around Mowe, Ofada, Shimawa, and the Lagos expansion corridor have appreciated significantly because development moved there.

So the real question is:

1. Is the land genuine? (Survey, title, excision/gazette/C of O status, family ownership issues, etc.)
2. Is there actual development around it?
3. Can you afford to leave the money untouched for several years?
4. Do you have an emergency fund separate from this ₦545k?

If ₦545k is all your savings, I would be cautious about locking everything into land. Land is not liquid. If an emergency comes up next month, you can't sell one corner of the plot to pay hospital bills.

Now for the roasting part: "I know I'm not too smart."

My brother, the people who are not smart are the ones who buy land because the seller said: "Sir, Lagos is moving here."

Then Lagos refuses to move there for 12 years.

You're actually asking the right question: "What is the opportunity cost of taking my money out of an income-generating asset?" Most people don't even think that far.

My practical approach would be:

If the land is in a genuinely developing area and the title checks out, land could outperform the bank return over 5–10 years.

If this is your entire savings, don't empty your account unless you have another emergency buffer.

If possible, keep some cash reserve and use only part of your savings for the land.


One thing I'd like to know: Is the ₦7k monthly return guaranteed interest from the bank, or is it from a fixed deposit/investment product? And what's the exact price and size of the land? Those details would make the comparison much more concrete.

1.There is development around it my brother
2. I can leave the money untouched for 12 years self I have other places i get money
3. The survey and deed of agreement is sure my boss
5. I have an emergency fund boss

From all these you've said, the monthly stipend isn't really a big deal since you have other source of income, plus the chances of land dispute is zero.. Please go and buy the land.. You'll be glad you did. Moreover, you can always sell it and get your money back if need be. Land no dey spoilt. The more it stays the more it appreciates. Go buy it before you hear sold out.

Onkoolos:
1.There is development around it my brother
2. I can leave the money untouched for 12 years self I have other places i get money
3. The survey and deed of agreement is sure my boss
5. I have an emergency fund boss

I think you should go for it provided you have a cash flow that help you build in the land or use it for business. All the best

Onkoolos:
1.There is development around it my brother sister
2. I can leave the money untouched for 12 years self I have other places i get money
3. The survey and deed of agreement is sure my boss
5. I have an emergency fund boss

Meerahbel:
I think you should go for it provided you have a cash flow that help you build in the land or use it for business. All the best

Thanks boss !!! I really appreciate

Onkoolos:
Good morning guys, I have 545k that I saved in a bank giving me return of 7k per month, 2 months ago i saw a land available at place in ogun state after mowe ofada area. I want to ask should I withdraw the money to buy the land or keep enjoying the 7k..

Investment wise what is the best decison to take here

Pls banter and roasting is welcome. Because I’m here to learn. I know I’m not too smart.

Pix Google Image

My Brother, This money is a small money, Try and work hard to make more money, then do AGGRESSIVE INVESTMENT with less risk.

Buying land is by far better. I have some savings and bought land in 2015. As of today, the land appreciated by over 1,500%.

Land appreciate over-time but money in Ban does not yield any resonable interest withing the same period.


So, from me to you, go and get plots of Land base on your financial budget.

Which bank pays you 7k on N545k monthly? %%

Where you see land of 500k, is what I no understand. Even house rent in those places is getting close to the amount.

flexyrule:
Which bank pays you 7k on N545k monthly? %%

this is exactly what I wanted to asked oga abeg give me update make I deposit 600k immediately for that Bank I beg. Enlighten us

Land still dey Mowe Ofada for less than a million?

I thought many middle class folks and diasporans (esp yukay people) bought all the lands and houses there since 2015.

Land over 7k bank interest any day anytime. Just ensure that you secure the land. That's the only requirement. Getting a land in Mowe - Ofada at this time is a very smart investment decision you can make for yourself. Don't be surprised, you can end up selling that land for over 2m in a space of 3-5 years.

But make sure you can secure it!

flexyrule:
Which bank pays you 7k on N545k monthly? %%

I wonder o! Been waiting for these..............

Buying land is no longer as profitable as in the past. It's no longer a profitable investment, all thanks to Bola Tinubu's directionless government, yes I said so.


Lands no longer appreciate in value in Nigeria now compared to some years back. Except lands in choiced locations in cities like: Lagos and Abuja.


Instead of land, use that money to buy iron rod, it doesn't spoil and it adds value everyday in Bola Tinubu's shattered Nigeria.


Building materials are now costlier than land unlike before that you can use 25million to build a good duplex, today, you will buy land for 40million and use 140million to build the house, it was never like this before APC came to power.

flexyrule:
Which bank pays you 7k on N545k monthly? %%

Some banks pay it sha. Highest 15% interest. But it wont be up to 7k monthly. the question which bank pays the 7k. Make we drop money inside

I, also, have 5.5m in my fintech back and I earn 1k plus daily as interest. Everyone is advising that I buy land but the risk of dispute arising in later years is what scares me.

Buy land. Nigeria banks will consume the money.

HawkTuahGirl:
Some banks pay it sha. Highest 15% interest. But it wont be up to 7k monthly. the question which bank pays the 7k. Make we drop money inside

None of the Traditional banks pay such interest on any current or savings account.

Land is the only thing that appreciates over the years. Something worth investing on

Buy land....a land of 545k dis year can be sold for 1.5m next year

I bought four plots of land for 600k each in 2018, in 2024 I sold it all for 3m each because development is slow in that area. I always prefer land as long as its a legit one.