₦airaland Forum

vinelli:
When u say 'lucrative cities' what do u mean cos i don't see what Benin should be doing there

brostheo:
Asin, I school at uniben, the city is so dry. ThankGod for the uni there

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.

YourNemesis:
Bullshit list. [s]

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. [/s]

YourNemesis:
Bullshit list.

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

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

Olu20090:
The problem with you Afonjas is you think everything is dickk measuring with Igbos. Enugu is even more expensive than Port Harcourt and should be number 3. Awka and Onitsha has more real estate value than Ibadan. Ibadan should not even be in top 20 lucrative real estate cities.

danemenike:
Good morning Nairalanders. Consider this post seriously, don't invest anywhere. Don't invest in property cause you've got free land. Listen, cost of building anywhere in Nigeria is the same.
I have told my clients, the best you can do is to invest in the right place.
Engr Daniel(07037629947) Is a structural/building engineer.

YourNemesis:
https://www.computerhope.com/jargon/l/lol.jpg

The problem with you F.L.A.T.T.I.E.S is that y'all think Yorubas care if you exist.
I made a more accurate list, and this monkey is talking about how igbos rank beside Yorubas.

hollywater:
Please how much is a plot of land in Asaba or Okpanam? (50×100 or 120)Thanks in advance.

Olu20090:
The problem with you Afonjas is you think everything is dickk measuring with Igbos. Enugu is even more expensive than Port Harcourt and should be number 3. Awka and Onitsha has more real estate value than Ibadan. Ibadan should not even be in top 20 lucrative real estate cities.

aariwa:
Between 500 to 3.8 depending on location

MrEverest:
(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.

Olu20090:
The problem with you Afonjas is you think everything is dickk measuring with Igbos. Enugu is even more expensive than Port Harcourt and should be number 3. Awka and Onitsha has more real estate value than Ibadan. Ibadan should not even be in top 20 lucrative real estate cities.

meezynetwork:
Incomplete list. No Kaduna or Kano?

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.

MrEverest:
(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.

Olu20090:
The problem with you Afonjas is you think everything is dickk measuring with Igbos. Enugu is even more expensive than Port Harcourt and should be number 3. Awka and Onitsha has more real estate value than Ibadan. Ibadan should not even be in top 20 lucrative real estate cities.

Olu20090:
The problem with you Afonjas is you think everything is dickk measuring with Igbos. Enugu is even more expensive than Port Harcourt and should be number 3. Awka and Onitsha has more real estate value than Ibadan. Ibadan should not even be in top 20 lucrative real estate cities.

edlion57:
Thank God CALABAR is not among....der are very lazy...over hyped City

BestySam:
You are very stupid!

bettercreature:
From experience its only Lagos and Abuja anybody who has ever made profit from building and selling houses in Ibadan or other places should come out
The only way to make profit from any of other states is to sell the house before you roof it

vinelli:
When u say 'lucrative cities' what do u mean cos i don't see what Benin should be doing there