There is a product in Nigerian real estate that is quietly dying, yet people are still rushing into it untitled land.
New companies are opening every day just to sell land without titles, not realizing the industry has grown wiser. Buyers are more informed. Government eyes are watching. The market is no longer naïve.
The days when you could print a flyer, stamp “Freehold,” and expect people to rush are gone.
Betting on untitled land is like building on sand. The collapse isn’t a matter of if. It’s only a matter of when.
Dr. Smith Ezenagu is the Chairman of Esso Group, a diversified conglomerate shaping real estate, finance, education, and media. Dr. Smith Ezenagu is recognized as a real estate & investment mogul, life coach, and private equity expert. He leads Esso Group and its subsidiaries: Esso Properties (awarded Nigeria’s Most Innovative Real Estate Company in 2024 and recognized as the best real estate company in Nigeria), Esso School of Enterprise (the leading institution equipping entrepreneurs), and Esso Capital (delivering smart, trusted financial solutions across Nigeria).
