A Nigerian living abroad has ignited a compelling discussion online by challenging the widespread habit among the diaspora of investing heavily in building homes back in Nigeria. Drawing from his father’s personal journey, he offers a cautionary perspective aimed at encouraging a reconsideration of priorities.
In a widely shared post on X (formerly Twitter), @joebrendan spoke directly to Nigerians overseas who are diligently saving with the goal of constructing houses in their hometowns.
He pointed out that many in the diaspora often prioritize fulfilling cultural expectations over securing their own financial well-being and comfort in their adopted countries.
“If you have settled in countries like the UK, US, or Canada and plan to raise your family there, think twice before purchasing property in Abuja or Lagos unless it’s purely for investment purposes,” he advised.
He stressed that many Nigerians abroad compromise their own financial security to complete homes they rarely visit-sometimes only once or twice annually.
“Consider investing in property where you currently live. There’s about an 80% likelihood your children won’t return to reside in Nigeria. As a result, the houses you build back home at the cost of your comfort abroad may remain empty,” he cautioned.
Reflecting on his family’s experience, he shared how his father constructed a large house in their rural village, which now sits unused.
“My father invested heavily in building a spacious home in the village, but today it remains vacant. None of his children want to live there, and even he has lost interest. It ended up being a major financial setback,” he disclosed.
He concluded with a straightforward message for Nigerians living overseas: The homes you build back home might only be occupied for a few weeks each year. It’s wiser to focus on improving your lifestyle where you currently reside.
Life is about valuing the present moment. Don’t allow cultural expectations to dictate your financial decisions.