Real estate without titles looks sweet in the beginning. Inflows every day. ₦1M here, ₦800k there. You experience unending flow alerts that never stop.
But that sweetness hides behind great danger. The government can clamp down any moment. The market can collapse overnight.
Making a decision to stop selling untitled properties will result in your losing those daily alerts. Your offices will grow cold and quiet, and eventually feel like the business is dying.
In reality it was transitioning from a shaky business model to a more sustainable one.
Short-term pain in your business is better than a permanent collapse. The pain of transition is temporary. The reward of stability is forever.
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).
