Posted on 13th July, 2023.

A good population of Nigerians reside outside the country. And interestingly, quite a number of them desire to invest in their home country.

However, they often hold back as either they or someone they know got defrauded while trying to invest in Nigeria.

Anyway, the essence of this blog post is to allay your fears. As a Nigerian n diaspora, you must be excited and confident to put money into any investment in your home country.

Nevertheless, as good as that may sound, you should choose an investment worth your hard-earned money.

Based on this fact, one of the best ways to effectively utilize your fund in Nigeria is to invest in the real estate business, especially the rental property business.

And, here are some of the reasons you should consider owning a rental property in Nigeria.

1.For Value Appreciation

The value of a property in Nigeria increases over time.. Hence, it would be wise to own a rental property. With that, you can obtain great value for your money in the future.

2. For Passive Income

Rental properties allow you to make money on the side. You can make money from rent or lease. Furthermore, in case you are no longer interested in rent collection, the property can be sold off after some years at a highly profitable rate.Another point to note is that you would be making money from your home country. So, you might not need to carry loads of cash around whenever you visit the country. Also, if you often send money to your loved ones back in Nigeria, you can easily send from your rental income to them.

3. Can serve As Connection Between You And Your Root

Although, any place you find comfort and peace is home. However,you feel a more intense sense of belonging anytime you visit your home country. Besides, there are times you feel nostalgic about your home country. So, having a rental property in Nigeria could help you satisfying fulfill those longings and connect to your root despite being physically absent.

4.You Would Become a Stakeholder In The Development Of Your Home Country

As a Nigerian in diaspora, investing in a rental property in Nigeria means investing in her development. As a result, you would be giving back a part of what you enjoy abroad to your country.

5. It Is Viable, Safe and Easy to Learn.

Rental property investment offers you a safe ground to operate as an investor. The risk associated with it is less compared to investment like stocks. Also, it is achievable. What's more, you can understand how to run a rental property business within a short period of time.

In summary, investing in rental property in Nigeria is both a reliable and profitable venture. Hence, it is worth your attention.However, it is crucial to conduct detailed market research before getting into it.

 Furthermore, to avoid falling prey to scammers from outside the country, you should engage the services of trusted professional builders and real estate developers within Nigeria.