Think Twice: Investing in Mansions in Remote Area of Nigeria
Nigerian entrepreneur Mark Essien, founder of Hotels.ng, recently shared his opinion that building mansions in isolated villages is one of the worst investments Nigerians make.
He explained that these grand houses often end up being uninhabited, serving little purpose beyond being homes for “20 lizards and a goat.”
Essien’s critique highlights the disconnect between the large investments poured into building these homes and the practical value they offer, given their location in remote areas with minimal usage or occupancy.
His statement sparked discussion about more sustainable and practical investment choices for Nigerians, particularly regarding real estate.
He encourages reconsideration of such projects in favor of investments that offer greater returns or utility