“East or west? Home is the best” is a phrase that resonates strongly with Nigerians. Regardless of current location or success in the diaspora, Nigeria remains the ultimate home for many. This is what fuels the obsession to acquire a home back home.
Historically, the idea of owning a home in Nigeria often felt like a status symbol, rather than an urgent investment. This is why it is not unusual to find many areas, especially Eastern Nigeria, littered with uninhabited mansions owned by landlords living abroad.
In recent times, many Nigerians have had to sell assets including houses to be able to ‘Japa’ or relocate abroad. So many of these recent émigrés then discover that life outside the country comes with its own responsibilities—mortgages, rent, taxes, and adapting to a different culture. No wonder, some people may consider investing in a property back home not urgent.
What is a home?
Many Nigerians abroad find themselves caught between two worlds—excelling in their host countries, but still longing for a connection to their homeland. However, many hesitate to secure a home back home due to fears of property scams, mismanagement and doubts about ever returning permanently.
But what if that “someday” plan of securing a home back home is actually one of the smartest financial and emotional investments one can make today? What if, beyond the nostalgia, it becomes your ticket to long-term wealth, security, and a lasting connection to your roots? The truth is that owning real estate in Nigeria, can be one of the best ways to build wealth, and secure a home base for the future.
A Story of Legacy
Take the real-life story of Mr. Ade, a Nigerian doctor who migrated to the UK over two decades ago. For years, he dismissed the idea of owning property in Nigeria, reasoning that he had built a life overseas. But during a visit to Lagos, he realized that his childhood home, once a family landmark, had been sold.
Determined to reclaim his connection, he invested in real estate in Lagos. Fast-forward to today—his property has doubled in value, and he has a home to return to whenever he visits in December. This was no longer just an investment—it was an anchor.
Challenge of owning a home
For many Nigerians living abroad, the idea of investing in a home back home is met with trepidation. Endless stories of property scams abound, with relatives mismanaging funds or agents disappearing with hard-earned savings. Often, construction projects flaunted on social media never materialize. These painful experiences have left many cautious of being the next victim.
Beyond fraud concerns, there’s the lingering uncertainty of ever returning permanently. Some who once owned homes in Nigeria sold them before relocating, convinced they were leaving for good. For others, the idea of managing a property from thousands of miles away feels overwhelming. How do you ensure upkeep? Who handles maintenance? The logistical hurdles seem endless.
Then, there’s the financial question—Is real estate in Nigeria even a good investment? With fluctuating property values, currency instability, and economic unpredictability, some worry they may not see a worthwhile return.
Owning a Home Matters
However, these concerns can be mitigated, and the benefits of owning a home far outweigh the fears. For instance, many real estate firms provide transparency with verifiable land titles and registered properties, while legal professionals ensure secure purchases and eliminate fraud risks. There are reliable property management services and tech-driven real estate solutions offer global monitoring.
Nigeria’s real estate market, particularly in urban areas like Lagos, Abuja, and Port Harcourt, has consistently appreciated in value, making investing in a home a wise decision. Such an investment can provide financial security and wealth growth, as the property’s value grows exponentially over time.
For a Nigerian in the diaspora, having a home in Nigeria ensures a place to call home for future generations. It provides a place for holidays, retirement, or extended family. As a legacy, leaving property behind ensures a foothold for future generations, even if they grow up abroad.
Final Thoughts
Owning a home in Nigeria, today, is not just an emotional decision. Beyond cultural nostalgia, it’s a strategic one that provides financial growth, a retirement plan, and a tangible connection to your heritage. There is no “perfect time,” apart from today.
So, what’s the next step? Start small, do your research, and take action. Whether it’s an affordable piece of land or a ready-built home, securing your place in Nigeria will always be a decision you’ll look back on with pride.
Are you living in the diaspora? Drop a comment below.
About The Author
