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The New Rules of Diversification: Nigerian Portfolios Going Global with Real Assets

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For decades, Nigerian investors have navigated economic uncertainty by leaning into familiar instruments—government bonds, blue-chip equities, fixed deposits, and, when necessary, cash-heavy real estate holdings in urban centres like Lagos and Abuja. But as persistent naira depreciation, foreign exchange restrictions, and inflation continue to erode the value of localized wealth, a structural recalibration is taking place.

High-net-worth individuals and savvy middle-class earners are increasingly broadening their investment mandates—both geographically and tactically—as diversification becomes central to wealth preservation. With Nigeria absent from recent rankings of the safest countries for foreign investment, investors are reevaluating their asset geography in pursuit of long-term resilience. While domestic assets remain foundational, there’s a rising preference for tangible, globally situated real estate as a diversification hedge against currency instability and policy unpredictability at home.

The Lagos Baseline: Holding the Fort at Home

For many, Lagos remains a primary node in their portfolio matrix. The commercial capital’s mix of residential estates, commercial high-rises, and industrial land makes it a flexible yet familiar terrain. More importantly, it serves a strategic purpose: anchoring wealth in a city whose property market, though cyclical, is backed by population momentum and urban expansion.

Emerging neighbourhoods such as Ibeju-Lekki, Sangotedo, and parts of Ikeja are drawing interest from investors seeking land banking opportunities or rental yields driven by demand for mixed-use developments. Lagos real estate listings highlight the breadth of available options, ranging from high-rise condos to gated duplexes—each representing a physical hedge in an increasingly intangible economy.

Dollarization via Miami: Strategic International Real Assets

Yet for investors with greater liquidity and international access, the pivot isn’t just away from Nigeria—it’s toward the dollar. Miami, with its dual appeal as both a financial hub and a lifestyle destination, is proving magnetic.

What makes Miami compelling isn’t just its luxury condos or beachfront appeal. It’s that U.S. real estate offers a dollar-denominated refuge from the naira’s fluctuations—serving as a practical vehicle for international diversification. Additionally, for families contemplating eventual relocation, education abroad, or second citizenship programmes, these purchases function as both lifestyle enablers and capital stabilizers.

According to trends tracked across urban housing markets, buyers from emerging economies—including Nigeria—are concentrating their purchases in areas with strong rental potential and limited inventory, ensuring asset appreciation over the medium term.

Beyond the Coasts: Asset Preservation in Middle America

Interestingly, a subset of Nigerian investors is eschewing high-profile cities altogether in favour of quieter, more affordable locations that offer consistent returns. Cities across the American Midwest, such as those in Iowa, have come under the radar—not because they are flashy, but because they are stable.

In North Iowa, for example, property values remain accessible, rental demand is steady due to regional employment centres, and ownership costs are comparatively low. For Nigerian investors seeking capital preservation over speculative upside, realty options in North Iowa are offering a compelling entry point into the U.S. housing market with reduced exposure to volatility.

What’s more, ownership in such secondary markets often comes with fewer regulatory frictions, easier financing structures, and lower ongoing tax burdens—all attractive attributes when managing foreign assets from afar.

Toronto’s Pipeline Approach: Building Equity into the Future

Canada, too, has found favour among Nigerian investors—but for a different reason. In Toronto, the appeal lies not just in what exists, but in what’s coming. The city’s pre-construction ecosystem allows investors to “reserve” property in future towers or communities years in advance, often with staggered payments and no immediate mortgage burden.

This model resonates with Nigerian buyers looking to hedge against inflation over the long term. By securing a property today at a fixed price—even if delivery is 3 to 5 years out—they effectively lock in value before inflationary pressure takes its toll.

Several upcoming residential projects in Toronto are offering buyers phased payment plans and forward-booking incentives—early-access investment opportunities that align with broader diversification strategies among Nigerians planning long-term capital deployment abroad.

Additionally, as Nigeria tightens capital controls, the gradual payment model allows capital to be moved abroad legally and incrementally, avoiding the shock of a lump-sum transfer or FX squeeze.

Strategic Asset Dispersion: Beyond Bricks and Mortar

This shift toward physical international assets isn’t merely about building wealth—it’s about preserving sovereignty over it. As trust in local financial systems ebbs and inflation eats into fixed-income earnings, the desire to hold assets in politically and economically stable jurisdictions has grown stronger.

Real estate, unlike equities or mutual funds, also offers non-financial benefits: immigration pathways, educational positioning, or even strategic relocation plans. These auxiliary gains are becoming part of the investment rationale, especially for Nigerians anticipating longer-term life transitions.

Conclusion: Real Estate as the New Reserve

In many ways, today’s Nigerian investor is not just seeking yield. They’re seeking resilience. They are de-risking against monetary policy shifts, diversifying across currency zones, and positioning assets in globally relevant geographies.

Domestic holdings in Lagos will likely remain foundational. But increasingly, they are being complemented—sometimes outweighed—by targeted investments in North America’s most resilient housing corridors. Whether through speculative future builds in Toronto, turnkey units in Miami, or quiet equity compounds in North Iowa, real estate is proving itself a globally portable store of value.

In a landscape where the rules of wealth preservation are being rewritten, owning a piece of the world—literally—may be the most strategic move of all.

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Bill Seeking Creation of Unified Emergency Number Passes Second Reading

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By Adedapo Adesanya

Nigeria’s crisis-response bill seeking to establish a single, toll-free, three-digit emergency number for nationwide use passed for second reading in the Senate this week.

Sponsored by Mr Abdulaziz Musa Yar’adua, the proposed legislation aims to replace the country’s chaotic patchwork of emergency lines with a unified code—112—that citizens can dial for police, fire, medical, rescue and other life-threatening situations.

Lawmakers said the reform is urgently needed to address delays, miscommunication and avoidable deaths linked to Nigeria’s fragmented response system amid rising insecurity.

Leading debate, Mr Yar’adua said Nigeria has outgrown the “operational disorder” caused by multiple emergency numbers in Lagos, Abuja, Ogun and other states for ambulance services, police intervention, fire incidents, domestic violence, child abuse and other crises.

He said, “This bill seeks to provide for a nationwide toll-free emergency number that will aid the implementation of a national system of reporting emergencies.

“The presence of multiple emergency numbers in Nigeria has been identified as an impediment to getting accelerated emergency response.”

Mr Yar’adua noted that the reform would bring Nigeria in line with global best practices, citing the United States, United Kingdom and India, countries where a single emergency line has improved coordination, enhanced location tracking and strengthened first responders’ efficiency.

With an estimated 90 per cent of Nigerians owning mobile phones, he said the unified number would significantly widen public access to emergency services.

Under the bill, all calls and text messages would be routed to the nearest public safety answering point or control room.

He urged the Senate to fast-track the bill’s passage, stressing the need for close collaboration with the Nigerian Communications Commission (NCC), relevant agencies and telecom operators to ensure nationwide coverage.

Senator Ali Ndume described the reform as “timely and very, very important,” warning that the absence of a reliable reporting channel has worsened Nigeria’s security vulnerabilities.

“One of the challenges we are having during this heightened insecurity is lack of proper or effective communication with the affected agencies,” Ndume said.

“If we do this, we are enhancing and contributing to solving the security challenges and other related criminalities we are facing,” he added.

Also speaking in support, Senator Mohammed Tahir Monguno said a centralised emergency number would remove barriers to citizen reporting and strengthen public involvement in security management.

He said, “Our security community is always calling on the general public to report what they see.

“There is a need for government to create an avenue where the public can report what they see without any hindrance. The bill would give strength and muscular expression to national calls for vigilance.”

The bill was referred to the Senate Committee on Communications for further legislative work and is expected to be returned for final consideration within four weeks.

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Tinubu Swears-in Ex-CDS Christopher Musa as Defence Minister

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By Modupe Gbadeyanka

The former chief of defence staff (CDS), Mr Christopher Musa, has been sworn-in as the new Minister of Defence.

The retired General of the Nigerian Army took the oath of office for his new position on Thursday in Abuja.

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, confirmed this development in a post shared on X, formerly Twitter, today.

“General Christopher Musa takes oath of office as Nigeria’s new defence minister,” he wrote on the social media platform this afternoon.

Earlier, President Bola Tinubu thanked the Senate for confirming Mr Musa when he was screened for the post on Wednesday.

“Two days ago, I transmitted the name of General Christopher G. Musa, our immediate past Chief of Defence Staff and a fine gentleman, to the Nigerian Senate for confirmation as the Federal Minister of Defence.

“I want to commend the Nigerian Senate for its expedited confirmation of General Musa yesterday. His appointment comes at a critical juncture in our lives as a Nation,” he also posted on his personal page X on Thursday.

The former military officer is taking over from Mr Badaru Abubakar, who resigned on Sunday on health grounds.

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Presidential Directives Helping to Remove Energy Bottlenecks—Verheijen

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By Adedapo Adesanya

The Special Adviser to President Bola Tinubu on Energy, Mrs Olu Verheijen, says Presidential Directives 41 and 42 have emerged as the most transformative policy tools reshaping Nigeria’s oil and gas investment landscape in more than a decade, by helping eliminate bottlenecks.

Mrs Verheijen made this assertion while speaking at the Practical Nigerian Content Forum 2025, noting that the directives issued by her principal in May 2025, are specifically designed to eliminate rent-seeking, slash project timelines, reduce contracting costs, and restore investor confidence in the Nigerian upstream sector.

“These directives are not just policy documents; they are enforceable commitments to make Nigeria competitive again,” she declared.

She noted that before the directives were issued, Nigeria faced chronic delays in contracting cycles, which discouraged capital inflows and stalled major upstream projects.

“For years, investment stagnated because our processes were too slow and too expensive. Presidential Directives 41 and 42 are removing those bottlenecks once and for all,” she said.

According to her, the directives have already begun to shift investor sentiment, unlocking billions of dollars in new commitments from international oil companies.

“We are seeing unprecedented investment inflows. Shell, Chevron and others are returning with confidence because they can now see credible timelines and competitive project economics,” Verheijen said.

Speaking on the link between streamlined contracting and local content development, she stressed that the directives were crafted to reinforce, not weaken, Nigerian participation.

“Local content is not an obstacle; it is a catalyst. It helps us meet national objectives, contain costs, and deliver projects faster when applied correctly,” she explained.

Mrs Verheijen highlighted that the directives complement the government’s data-driven approach to refining local content requirements while ensuring Nigerian talent and enterprises remain central to new investments.

“Our goal is to empower Nigerian companies with opportunities that are commercially sound and globally competitive,” she said.

She pointed to the current spike in industry activity, over 60 active drilling rigs, as evidence that the directives are driving real operational change.

“We have moved from rhetoric to results. These directives have triggered a new cycle of upstream development,” she said.

The energy expert added that the reforms are critical to achieving Nigeria’s production ambition of 3 million barrels of oil and 10 billion standard cubic feet (bscf) of gas per day by 2030.

“To meet these targets, we need speed, efficiency, and collaboration across the value chain. The directives are the foundation for that,” she noted.

She also linked the directives to Nigeria’s broader regional ambitions, including its leadership role in the African Energy Bank.

“With a $100 million facility now launched, we are ensuring that investment translates into jobs, technology transfer, and long-term value for Nigeria,” she said.

Mrs Verheijen concluded by urging the industry to uphold the spirit and letter of the presidential instructions.

“These directives are a collective responsibility. Government, operators, financiers, and host communities must work together to deliver the Nigeria we envision,” she said. “We remain committed to ensuring Nigeria remains Africa’s premier investment destination,” she said.

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