Nigeria is a richly blessed Country, and every year vacationers visit many of these cities for holidays. This shows that there is an increase in demand for hospitality.
Over the years there has been a noticeable evolution in the travel and hospitality industry and there is a need for you to key into this opportunity to earn income for yourself.
One of the fastest-growing sectors in the real estate industry is hotels and short lets apartment.
Nigeria has the best places if you want to invest in real estate.
10 Best Places to Invest In Real Estate In Nigeria
1. Lagos
Lagos is one of the most popular places to invest in real estate in Nigeria.
Lagos is known as a centre of excellence, and it has recorded many successes in terms of fashion, music, and film industry.
Every year influx numbers of people troop into Lagos making it one of the cities with the highest population recorded to be 21 million people.
Lagos is a seat of home entertainment, they are also blessed with a lot of beautiful locations like beaches, cinemas, and museums.
Investing in real estate in this city is the best deal.
2. Abuja
Abuja is a seat of political power making it one of the places you should invest in real estate.
This area is occupied by politicians, foreign expatriates, heads of state, multimillion-dollar companies, hotels, government parastatals, and pension companies in Nigeria and more.
Investing in real estate in the Federal Capital City is a wise decision because they have a higher purchasing power than any other location in Nigeria.
3. Calabar
This state is popularly known as “Canaan City” and is regarded as one of the cleanest environments in Nigeria with maximum security than other Niger Delta states.
This singular reason made it third on the list of best places to invest in real estate in Nigeria.
The most beautiful locations in Calabar include Tinapa Resort, Obudu Cattle Ranch, Calabar River, World War I Cenotaph, Kwa Waterfalls, Mary Slessor’s House, and Tortuga Island.
4. Uyo
Uyo is the capital city of Akwa Ibom State.
This state is well known for its good infrastructure which includes good roads and they have a peaceful environment that encourages hospitality.
We have many ongoing projects in Akwa Ibom State and one of the major projects includes the Ibaka deep seaport.
This is another area that will make Akwa Ibom the centre of attraction when it comes to hospitality.
5. Owerri
Owerri which is the heartland of Igbo people is the capital city of Imo State.
They have major activities that are going on in this state every year and one of them includes the Miss Heartland Pageant.
Owerri is blessed with major tertiary institutions (four tertiary institutions, two universities, and two polytechnics) and this has contributed to the need for hospitality in the state.
There are many things you can enjoy in this state as a visitor which include their eastern cuisine, shopping, and lively nightlife.
All of these makes it a good place to invest.
6. Port Harcourt
Port Harcourt City is known as an Oil giant in Nigeria, and it has attracted many foreign expatriates.
Oil workers who are earning high can afford to live an extravagant lifestyle which is why you need to invest in real estate in the state. There is a huge market.
This city is one of the places that can accommodate those who like shopping and taking part in outdoor activities.
7. Enugu:
Enugu is regarded as the coal city and the safest city in the country. Also, Enugu is the second city when it comes to moviemaking in the country aside Lagos.
Most of the celebrities in the country are residents in Enugu hence Enugu is regarded as the second largest city where we have celebrity residents.
Important features that you can find in Enugu include waterfalls, caverns, hills, luxury hotels, and gardens.
Many married people around Enugu visit the state for relaxation purposes and there is a need to invest in the hospitality industry.
This makes it one of the best places in Nigeria you should invest in real estate.
8. Ibadan:
Ibadan is regarded as the capital city of Oyo State and also the largest city in Nigeria.
Oyo State will always be remembered by one of its oldest trademarks which is brown corroded zinc and the third largest urban region in the country.
There are many popular tourist locations that you can visit with their rich history and cultural attractions.
Ibadan is also regarded as home to a plethora of pubs and lounges therefore there is a need for a hospitality industry.
9. Benin City:
Benin City is known to be the capital city of Edo State.
They are blessed with rich history and culture that makes people want to visit the land and that makes it an opportunity for you to invest in the hospitality industry.
Major things that they are known for include art galleries, hotels, historical landmarks, festivals, and architectural markets.
They have many centres of activity that make use of bronze for their casting, and they include King’s Square popularly known as Ring Road, Benin Moats, and Igun Street.
10. Warri:
Warri is the capital city of Delta State and they are known to be an oil city. This alone has attracted many foreigners into the country making it a home for foreign multinational companies.
Major locations in Warri that are a must-visit are Abraka Golf Course, Delta Ports, Effurun Garden Park, Main Warri Market, Nana Living History Museum, Red Mangrove Swamp, Udu Bridge, Warri City Stadium, and Ovie Castle.
This major location has attracted many visitors and permanent residents to the state making it one of the best places in Nigeria to invest in real estate.
Frequently Asked Questions (FAQs)
Is Nigeria a safe place for tourists?
Just like every other country, Nigeria is also a safe environment for tourists. No country without a criminal record that is why you should visit locations that offer maximum protection for your assets.
Do we have the hospitality and entertainment industry in the Northern part of the Country?
Yes, we have many hospitality and entertainment locations in the Northern part of the country. Some of the major cities in the Northern part of the country you can invest in real estate include Kaduna, Kano, Jos, Markurdi, and Ilorin.
Conclusion:
The way our major cities are growing and developing in the country there is a greater need for us to invest in the real estate industry.
One can gain much money in the hospitality and entertainment industry but you need adequate planning before you can embark on any Investment.
For you to get things right you need to consult the services of an expert to conduct feasibility studies on the area that you want to invest in.