Nigerian developers urged to explore cross-border investment

A Ghana-based real estate firm, Devtraco Plus Nigeria Limited, has urged Nigerian investors and developers to consider investment across the border.

The issue took centre stage on Tuesday in Lagos at a press conference organised by Devtraco Plus Nigeria Limited, themed ‘Building Wealth Beyond Borders’.

Speaking at the event, the Country Manager of Devtraco Plus Nigeria Limited, Adedayo Macaulay, stressed that the event aimed to formally introduce its Nigerian market initiative and its vision for connecting Nigerian investors with premium real estate opportunities in Ghana.

He added that the theme speaks to a fundamental shift in the way investors are thinking about wealth creation and preservation.

“For many Nigerians, real estate has always represented a trusted store of value. Today, however, that investment mindset is increasingly extending beyond national borders, with investors looking for opportunities that offer diversification, strong fundamentals, quality assets and the potential for long-term value creation,” Macaulay said.

According to him, Ghana, and particularly Accra, presents a compelling proposition within this emerging cross-border investment landscape.

“The city continues to attract business, tourism, expatriate activity and regional investment, creating demand for well-positioned, professionally developed residential and lifestyle properties,” he said.

Macaulay emphasised that the company’s entry into the Nigerian market is not simply about selling property, but rather about creating access.

He maintained that the company wants Nigerian investors to have a trusted and structured pathway to participate in Ghana’s premium real estate market, backed by the experience, track record and local knowledge of an established Ghanaian developer.

“Today’s conversation will focus on the investment case for Accra, its legal and ownership framework, rental market dynamics, potential for capital appreciation, and the broader opportunities available to investors seeking to diversify their property portfolios,” he added.

He noted that the objective is to build confidence, create transparency and open a new channel for Nigerians to build and diversify wealth across borders.

Also speaking, the Chief Sales and Marketing Officer at Devtraco Group, Sandra Mudzimba, stated that the firm strengthens the connection between two markets that already share significant cultural and commercial ties.

“Our proposition to investors is straightforward: consider allocating part of your property investment outside Nigeria,” Mudzimba said.

He pointed out that a simple principle increasingly defines sophisticated investment decisions for the savvy, forward-thinking investor: “not build all wealth in one place. Diversify. Build wealth beyond borders.”

“For investors who have built successful businesses, property portfolios and other investments in Nigeria, there is value in considering opportunities beyond one economy, one currency, one market. Cross-border investment provides an opportunity to spread risk, preserve value and participate in the growth of another market,” Mudzimba said.

According to her, that opportunity does not always have to be thousands of kilometres away.

She mentioned that for the Nigerian investor, proximity is a significant advantage.

“Accra is approximately 45 minutes to an hour’s flight from Lagos. This means you can invest in another market while remaining close enough to visit your property, understand the environment and actively experience the market in which you have invested,” she stated.

The Head of Sales at Devtraco Plus, Ewurabena Braye, stated that having been in business for 33 years, investing with Devtraco Plus is a transgenerational investment.

“So, it’s a transgenerational investment that you would offer to your children. Your children after that, and your grandchildren after that. That is what we offer at Devtraco,” she said.

On the rate of return on investment, Braye said, “When it comes to Accra’s real estate markets, when it comes to the luxury side of the business, we average about 8 to 11 per cent per annum in terms of return on investment. I didn’t see it.”