If you don’t invest in Lagos now, you’ll regret in 10 years time – Pst Ashimolowo

The Global President of the Kingsway International Christian Centre, Pastor Matthew Ashimolowo has said that people who ignore investing in the real estate sector of Lagos now will regret it in 10 years time.

This is just as he advised against buying shares as a form of investment, asserting that real estate is a better option.

Ashimolowo said this while speaking during a recent episode of the KK show.

He recounted days when a plot of land in Lagos went for as low as N500 and N1000, contrasting it with what is obtainable today.

He said, “Anybody who does not invest in Lagos now will regret in 10 years time, because some of us regretted not responding to LAGOS on time, I came to Lagos as a young pastor when a plot of land in Opebi was N500, and AllenAvenue was N1000 for a plot. Allen was a bush. Ikeja areas were bush.
Opebi was a bush. A plot of land in Isolo was N500.

“The same Opebi which I wouldn’t buy for N500 in 1979/80, and now went in 2004 and bought the plot for N10m, and built four flats and a small house at the back, and stayed there for a few years. I now sold the whole place for N120 or N150m in 2018, my own investment there was N55m.”

Ashimolowo also recounted how he lost about N200m buying shares in Nigerian banks when he could have invested the same amount in buying lands.

The clergyman said, “The Nigerian banks, I am here today, am 72, and can say what I like, if you take me to court, you are wasting your money because I intend to talk about investments, and why you should do real estate, and not all these buying shares in banks because I lost about N200m in Nigerian banks. N200m worth of shares and they didn’t sell it N30m; if I had used the money to buy land, I don’t even need to cut the grass. And I am not even talking about wonder banks, I am talking of the ones that are in existence today, and every time their shares go down, their MDs and founders go up, How come?”

Stone03:
What if seaports are opened in other places in Nigeria, what do you think will become of Lagos?

zombieHUNTER:
Everyone should invest in their region


Don't learn the hard way

opamoses1:

Please tell them to stop fleeing to the SW while you are at it.

gidgiddy:


Oh we will still be going anywhere there is to do good business in Nigeria, including the SW, while you people insist on 'one Nigeria'. Why wouldn't we want to come to your area to take the money you cannot make?

But when 'one Nigeria' comes to and end, which it will one day, we are taking that money back home permanently

gidgiddy:
The days of investing in Lagos are long gone, by us Igbos anyway

We will still do business in Lagos, business investments. But the days of calling Lagos any other thing than a place of business, they are gone for good

And if get a separate country, you will see us leave Lagos in droves, with our investments, and transfer it to the East

opamoses1:

Lagos state government created Lekki sea port. You can also create one in your own state. You don't have to wait for FG all the time.

nedu666:
That advice is for yorubas only. Igbos invest in your land

kedeojo:
You don't need to get a country before investing in your region. Always boasting. Only a simple statement by lagospedia and there were crying everywhere. If you move your businesses to east, that will be suicide cos nobody will risk his or her life in a deadly place to transact Business. Other tribes will take advantage. Is it not buying and selling. What is special about trading.

onumadu:
NO, thank you.

Question: What is 500% of nothing?
Answer: Nothing.

I rather have 2% of 5, than have 500% of nothing.

My happiness is that even the most "Lagos headed Igbo" have started to change their delusions.
One of them who owns significant investments in Lagos is today an ardent advocate of moving to the east.
He spends most of his time these days in the east.

After Aba is done under Alex Otti, we are likely to have an opportunity to build real IT and tech hubs in the east.

FreeStuffsNG:
Thank you Pastor Matthew Ashimolowo.

This is the best time to invest in Lagos. Even Elon Musk could not allow such opportunity to pass him by! He has invested millions of dollars in Ajah Lagos.

Invest in Lagos today for the greatest returns on investment and for you to enjoy the best investor friendly experience in Nigeria and Africa.

May God bless Nigeria for ever! Check my signature for free stuffs!