Real Estate Investing For Beginners || Tribalism in Nigeria.
Real Estate Investing For Beginners || Tribalism in Nigeria.
Real Estate Investing for Beginners is a series where I show first time property investors some of the secrets of the business.
This episode of Real Estate Investing for beginners addresses the recent wave of hate against the Igbos from various sections of the country. Specifically as it affects Igbos in Lagos. This video looks into this…
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30 to 50% profit Margin and you’re saying that’s not much 😂😂😂
Since the igbos stopped investing in Lagos, how far? Noticed how interest in Lagos real estate slumped? Regardless of tribe, every other citizen of Nigeria noticed the marginalization and they backed off. I was looking to spend 80m. Seeing all that was going on, I invested elsewhere
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i like your analysis on tribalism, u real, please add law to your degree, u will be a great lawyer
nice one….
The Lagos story has a few lessons for all involved.
1. Lesson for everyone: The so-called "capital city" is a scam especially in a deformed state like Nigeria. For over 70 years, resources belonging to everyone was poured into Lagos as Nigeria's capital city. Nigeria's oil earning since 1970 was also squandered in Lagos. Now fa group of people to claim sole ownership of the place and started harassing other Nigerians. But the people who created the "capital city" charade are conspicuously mute until the whole thing gets out of hand. what is said here also applies to Nairobi, Abidjan, Accra, Kampala etc. which are now touted as "capital city". The crisis now developing in Lagos is a recipe for chaos in Africa.
2. Lesson for Yoruba: Never intervene in any conflict or take sides without studying its origin, trajectory and long-term implications. The whole issue of Ibos, Lagos etc. would have been neatly resolved in 1966-70 when Ibos voluntarily left Lagos and all parts of Nigeria and returned to their region to set up their own country. They were forced back into Nigeria with millions killed only for the same people who forced Ibos to return to Nigeria to realise the consequences of their own choice. The only sensible way to resolve the Lagos issue is to create "a capital city" in Iboland, invest collective resources in building its infrastructure and then decentralising federal agencies and facilities that pull Ibos to Lagos to the east
3. Lesson for Ibos: Nobody should live as a strange in his own country. Ibos must assert their legitimate rights using all legal means possible including the UN and its agencies. When Nigerians are tired of Ibos upholding their rights, they can execute the Singapore solution i.e. go to their parliament in Abuja and create a law expelling the Ibos from Nigeria. This is what Malaysia did in 1963-65 when they got tired of Singapore. Today, Malaysia and Singapore are different countries, each developing at its own pace. This outcome will be acceptable to Ibos but hell will freeze over before the Ibos, the largest ethnic group in Nigeria, will accept to live as 2nd hand citizens in a country they call their own.
@Duru BOND wei your dark shades 😂
I don't know why anyone should listen a fool like yourself. You guys don't like rules and regulations. You have no respect for anyone and the environment. You turned around and started crying. You break rules everywhere in the world. Then, you activate your victim mentality. Do normal, and you won't be shouting tribalism. No, be only you be only tribe in Nigeria. We have never heard any other tribes in Nigeria shouting of Tribalism.
But we need ppl to do the right thing too..i think nigerians are not used to following laws thats why they are struggling with it…abroad u dont dare mess with the law or u will be sorry,infact u will be too scared to do it..well with the risk of demolition i believe nigerians will begin to get their papers first
Why would you go to Abuja or Lagos for the processing of your international passport ,why must you go to Lagos or Abuja before you can fly internationally, what are southeast governor's doing ,also why can't one of the state in the southeast have a port , I believe the politicians from south east have done alot of harm to us ,we need to come together we are capable of making south east great.
Building in Lagos is really stressful. I almost gave up going through the stress of plan approval and tax clearance, but it is better to go through these processes and avoid issues in the future. It cost me almost 6m Naira to get my plan approved and also tax clearance as a diaspora Nigerian.
All are lies , because no Igbo man will agreed to build a house in igbo land with out makimg sure he aquired every document not to talk aboutoutside igbo land,Now they are trying to jump on another thing bythose coming to Lagos. You will see them talking million million and that is the end.
Please what about buying a land in some good area in Lagos,
Can you share your contact?
develop ancestral states
I just subscribed. Your submission is fair. I am a Yoruba man and I don't support any bigotry at the same time I support due diligence in restoring the master plan of Lagos. Illegal structures or properties should be removed irrespective of race or tribe of the owners
C of O guarantees the land, the building plan approval guarantees the house. Both documents are necessary for the security of the property against demolition etc.
All of these are still products of bad governance. The government has the duty to ensure a good town planning. In a metropolitan and financial city like Lagos, the housing projects are not supposed to be handled by individuals but certified housing companies who will build based on the prototype of the town/city planning ministry of Lagos.
Our leaders go to developed countries and see good planning and city organisation but they come home doing nothing. Shameless leaders
Thanks for your priceless insight.
Just leave if it ain't comfortable, leave!!!!!!??
LASG is not interested in your local squabbles, they want a stable industry so they can attract foreign capital.
It is only a foolish Igbo man that will buy properties in Yoruba land. Yorubas land is for the Yorubas. You buy land and develop the seller used the money to spray musicians and Mary more concubines only to start in years down the line moblise their to forcefully take the land back even in convince with their tribal political elites and governor. Only in Yoruba land you buy properties of millions and they come back to steal the land from the real owner
This Bond University of real estate.
Thank you for sir
How can you say that the indigens are "CHASED OUT" in Okota and it looks like Anambra? It is not FAIR to say that the older ones who grew there would not be happy. Kindly confirm if the Ibos "grabbed the Land" or BOUGHT it with their HARD EARNED MONEY. How can you eat your cake and "have it"? If anyone sells his land and uses the money, he should know what happend to ESAU in the Bible
If majority of the properties in Lagos do not have approvals, why is it that the Govt allows such development?
Secondly if majority of the properties do not have re-requisite documents, why concentrate on a particular area?
More clarifications on this would help put things straight the more.
Bro duru, don't say chased out … families that sold their family lands sold it with humongous profits from time imemorial.The buyers didn't buy those lands at gun point…. infact omo oniles' equally made their usual monies as well as those indigenous land grabbers…..up till this moment, they re still selling… just name the neighborhood, families of land owners in Lagos sell their lands wholeheartedly without duress bro ,..No mind them.
igbo has developed lagos enough at the end they are ungrateful so i think its best they stop now atleast let see if the yoruba can even manage the ones they have now in the next years or if they have money to buy back the properties
Let me. tell u tinubu one.thing without lgbos there will be no Nigeria gone are the days when u,re coming to Lagos u have to come with passport.
Have you ever seen any Igbo harassed in Lagos, stopped from public school, accessing government hospitals, stopped from the market, stopped from buying property or owning anything. This is just a negative narration fanned by the Igbos themselves. Igbos work in State establishments in Lagos, what you will never find in the East. Did the Yorubas in East ever complain about this?
House demolition happens everywhere. if you ever think any Igbo's house is demolished unjustly in Lagos, let that person come out with approved document or evidence. Besides, Igbos are not the only tribe in Lagos, there are several other tribes from across the country.
Lastly, half of the tribes in Lagos that are non-Yorubas do not even go home, some have never been to the East since they were born in Lagos, some of them have no other homes and will never have another home. Only the illiterates and semi-illiterates, the unfortunate ones that are calling for return to Igbo land or specifically those with ulterior motives or agenda of Biafra nation. As it stands today, Igbos in Lagos are even safer than Igbos in Igbo land, a place where they can be kidnapped or killed at will in a split.
Make Igbo develop Igboland.
We need to develop other states in Nigeria
Very good documentary
Bottomline is to stay away from this toxic tribalistic state1
Great job 👍