A few years ago, Mr. Okonkwo bought a plot of land in what most people considered a “bush.”
It was a quiet area along the Lekki-Epe Expressway, undeveloped, far from the noise of the city, and at the time, selling for just ₦5.5 million. He didn’t buy it because he had a plan. He bought it because he knew land never stays cheap for long. Fast-forward to today:
That land is now worth over ₦15 million.
Mr. Okonkwo didn’t sell it. Instead, he built a modest two-flat structure on it. Nothing fancy. Just something he could rent out.
Now? The tenants’ rent pays his two children’s school fees, every single year.
In Nigeria today, conversations around long-term financial planning often focus on savings, side hustles, and sometimes, sheer survival. But one powerful, underrated tool many people have used successfully—often quietly—is real estate.
There are countless parents who have funded their children’s entire education; from primary school through university, just from one plot of land they bought years ago. Not a salary increase. Not a lottery win. Just one smart real estate decision.
The True Story Behind the Land
Imagine this: Someone buys a plot of land in an undeveloped part of Lagos—say Lekki-Epe Expressway—back when there was barely anything there. It costs around ₦5 million at the time. Fast forward a few years, and the area is booming. The land now sells for ₦15 million… or more. That person decides to build a small block of flats, puts it up for rent, and within a year, they start earning a steady stream of passive income, enough to pay school fees annually without touching their salary. This is not theory, it’s a reality that’s happening all over Lagos.
Why Real Estate is a Smarter Education Plan
If you’re currently thinking about the rising cost of education, here’s what to consider: • School fees increase yearly. Most savings accounts don’t. • Land appreciates steadily, especially in growth areas like Epe, Ibeju-Lekki, and beyond. • Rental income is consistent. Once you build, tenants pay yearly or monthly, money that can cover fees, books, and more. Real estate isn’t just an investment in land, it’s an investment in freedom, stability, and your child’s future.
Don’t Wait for “The Right Time”
The parents who are benefitting now are those who didn’t wait until everything was perfect. They bought early, even when the land looked empty and undeveloped. Now that Lekki-Epe is booming with infrastructure—from the proposed international airport to the deep-sea port and industrial hubs—the people who got in early are cashing out, and those entering now still stand to gain.
What If You’re Not Ready to Build Yet?
No problem. You can still profit from the land before building. From leasing it temporarily to partnering with developers or even reselling after appreciation, there are ways to make that land work for you right now. (We wrote a full article about that here: 3 Ways to Make Money From Land Before Building.)
Let the Land Pay the School Fees
Education is expensive. But what if the solution isn’t earning more but investing smarter? With real estate, just one plot, you can unlock financial freedom that pays dividends year after year. So instead of asking, “Can I afford to buy land right now?” maybe ask, “Can I afford not to?” Ready to explore your options?
MegaOne Lagos is one of the most promising estates in the Lekki-Epe axis, with great ROI potential, wellness-focused features, and flexible payment plans.
Call us at 09160006304, or 09160006305, or email info@urbanlivingng.com.