Is Investing in Nigerian Land Still a Good Idea? One Man's Experience Raises Concerns

Inflation in Nigeria Outpaces Land Appreciation: Is Real Estate Still a Safe Investment? Nigeria's economy is facing challenges, with inflation rates significantly higher than the appreciation rate of landed properties. This is causing many to question the long-held belief that real estate is a surefire investment. Paschal Mbaka, a Nigerian social media influencer, recently shared a video highlighting this concern. In the video, Mbaka recounts his personal experience of investing in land, noting that while the land's value remained relatively stable, the value of his investment in Naira terms significantly decreased due to inflation. "One thing they failed to understand is that the inflation rate in Nigeria is higher than the appreciation rate for landed properties," Mbaka states in his video. This observation underscores the importance of considering inflation when making investment decisions. While real estate remains a popular investment choice, the current economic climate necessitates a more nuanced approach, taking into account the erosion of purchasing power. Experts suggest that diversifying investments and considering other options that can outpace inflation are crucial for securing financial growth in the current environment. The video serves as a cautionary tale and a starting point for a more informed discussion on investment strategies in Nigeria.