The House of Cards – Hello Nigerians

2028, Lagos, the new Dubai. At least, that’s how they sold it. In a scrubby pocket of land just beyond Toru-Elegede, where the bush still whispers and generators still sleep, Mr. Timi stood on a 10-plot expanse of land he bought for peanuts five years ago. ₦2 million a plot back then, now whispered to be worth ₦15 million or more. No roads. No electric wires. No humans. But value? Oh, the value...

The Hidden Cost of Flexibility – How Staggered Down Payments Undermine Developers Returns

Standard No. 1: Buyer circumstances may shape financing terms, but they do not mitigate the developer's risk exposure. In this edition of The Boldmen Standards, we return to the first principles. The business of real estate financing is not voided by empathy. Whether delivered by a bank, a seller, or a developer, capital extended without interest is still capital at risk. We uncover a tacit but...

Can Nigerian Developer’s Offer Rent-to-Own Pathways – Without Hurting Their Returns?

Standard No. 2: Flexibility should never come at the expense of the developer's returns. Introduction In the 2nd edition of The Boldmen Standards, we examined the latent financial cost of staggered down payments and rent-to-own structures. We argued that while such arrangements increase buyer access, they simultaneously expose developers to hidden yield erosion. We went further to demonstrate...

The House of Cards – Nigeria’s First Financial Crisis

2028, Lagos, the new Dubai. At least, that’s how they sold it. In a scrubby pocket of land just beyond Toru-Elegede, where the bush still whispers and generators still sleep, Mr. Timi stood on a 10-plot expanse of land he bought for peanuts five years ago. ₦2 million a plot back then, now whispered to be worth ₦15 million or more. No roads. No electric wires. No humans. But value? Oh, the value...

Navigating the Dilemma: Impact of the Naira Devaluation on Real Estate Investments in Nigeria.

Nigeria is a country with a population of over 200 million people, and a huge demand for housing and infrastructure. However, the Nigerian economy has been facing economic challenges such as inflation, recession, and currency devaluation, which have affected the real estate sector negatively. According to the National Bureau of Statistics, the real estate sector contracted by 9.22% in the third quarter of...

The House of Cards: Nigeria’s First Financial Crisis.

2028, Lagos, the new Dubai. At least, that’s how they sold it. In a scrubby pocket of land just beyond Toru-Elegede, where the bush still whispers and generators still sleep, Mr. Timi stood on a 10-plot expanse of land he bought for peanuts five years ago. ₦2 million a plot back then, now whispered to be worth ₦15 million or more. No roads. No electric wires. No humans. But value? Oh, the value...

Can Nigerian Developer’s Offer Rent-to-Own Pathways Without Hurting Their Returns?

Standard No. 2: Flexibility should never come at the expense of the developer's returns. Introduction In the 2nd edition of The Boldmen Standards, we examined the latent financial cost of staggered down payments and rent-to-own structures. We argued that while such arrangements increase buyer access, they simultaneously expose developers to hidden yield erosion. We went further to demonstrate...

The Hidden Cost of Flexibility: How Staggered Down Payments Undermine Developers Returns

Standard No. 1: Buyer circumstances may shape financing terms, but they do not mitigate the developer's risk exposure. In this edition of The Boldmen Standards, we return to the first principles. The business of real estate financing is not voided by empathy. Whether delivered by a bank, a seller, or a developer, capital extended without interest is still capital at risk. We uncover a tacit but...

Unveiling the premier edition of The Boldmen Standards

Join us as we unveil the premier edition of The Boldmen Standards, our flagship newsletter dedicated to delivering cutting-edge analysis and expert perspectives on real estate and housing finance. In this inaugural publication, we dissect the latest trends shaping the Nigerian housing market, offering data-driven insights for investors, policymakers, and industry leaders.hashtag#TheBoldmenStandards...

12% Mortgages or Lifetime Rent? Why EFIs Under MREIF Must Outcompete the Rental Market to Drive Sustainable Homeownership.

Standard 0: Measurable Impact, Not Capital Deployed. Success for MOFI’s Real Estate Investment Fund won’t be judged by how much capital is deployed-but by whether it delivers real, wealth-building homeownership for Nigerians. EFIs must move from thinking like lenders to acting like fiduciaries, focused on helping households do better than renting. That is the only benchmark that matters. In...

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