NAVIGATING THE REAL ESTATE LANDSCAPE IN LAGOS: A CAUTIONARY TALE
Real estate in Lagos: 60% illegal properties. Government intervention imminent. Caution urged for buyers.
Nigerians express a desire to live in more orderly societies, yet they resist adopting the disciplined policies of such places. They yearn for miracles to transform their lives suddenly.
In Lagos, the real estate sector is rife with scams; an alarming 60% of properties are unauthorized. Eventually, the government will intervene. Be cautious when tempted by seemingly attractive deals or low-priced lands; don't rush into purchases.
Despite receiving demolition notices from the Lagos state government two years, and several warnings a one year, and several warnings subsequently, some continued constructing homes on drainage canals. Now, they lament when their houses are demolished. It raises the question: What do we truly seek as a society?
In current areas of Lagos, residents faced eviction notices, but instead of complying, they challenged the government in court, hoping for a victory. Meanwhile, new houses are being constructed there. When demolitions inevitably occur, tears will flow once again.
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