Sahara Reporters Release Pic of Preisdent Mugabe Sleeping on Duty at Abuja

President Robert Mugabe of Zimbabwe arrived Nigeria on Friday to attend the swearing-in service of President Muhammadu Buhari in Abuja.
Not long after entering the "State Box" with different dignitaries, the 90 year old Zimbabwean President drooped over and started watching his day by day break. Amid the swearing-in, SaharaReporters crew chose to insult Mr Mugabe with questions in regards to his stay in office as Zimbabwe's leader.

See where World attention is in Abuja, Nigeria

World attention is presently here in Nigeria, where the nation's fifth president-elect, Muhammadu Buhari, will be inaugurated today, May 29th 2015. In spite of theories, the active President, Goodluck Jonathan, will go to the historic service which would stamp the first time a sitting adminisadpresident would hand over power to a successful challenger. The occasion is set to be attended  by numerous world leaders will take place at the Eagle Square, Abuja. So far, around 20 world eaders have flown into the nation in readiness of the eremony. Activities at the Nnamdi Azikiwe International Airport, Abuja, topped on Thursday as Presidents and agents from numerous nations arrived at the air terminal and after that were headed to their different hotels

Oil scarcity: More facts emerge as dust settles

Recent reports have shown that the association made up of oil marketers have actually been at the center of brokering a deal to end the unfortunate strike action with the Federal Government, instead of the other way round. 

The Major Oil Marketers Association of Nigeria (MOMAN) stuck to their commitment to ensure availability of petroleum products across the country as they even extended the negotiations to include the oil transporters and unions, who also went on strike based on non-payment of their wages.
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Pics: The cyclists riding for President-elect Buhari have finally arrived Abuja

The gathering of cyclists riding for Buhari were detected at the beginning of today along Central Area.
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They rode from Katsina to Abuja to witness the initiation this Friday.

More photographs bellow.

Best Cities To Invest In Real Estate In Nigeria and Why?

This really is some some questions posted if you ask me by among my  subscribers which I is going to be writing on and sharing with you. You can find different factors which will determine the profitability of one's investment in Real estate.
 
1) Number one is demand-The rate of demand will have to come first  before any other considerations , a lot of reasons will make people to migrate to a place, mainly for economic reasons . In Nigeria three cities will come into mind Lagos, Abuja and Portharcourt.


2)Accessibility to a town can also determine the real estate growth in a city. This is why towns in Bayelsa state may not attract real estate growth despite being very rich in oil.
3)Availability of land and materials will also affect real estate growth though this is not as important as other considerations.
4)Cost of Construction in a place. Where materials and cost of  construction is low and accessible then real estate will likely thrive in such places.
5)Capital generation of a town will also determine how real estate will thrive in such areas.

6)Increase in economic growth will also make real estate to be attractive in a town.

7)Influx of human traffic to a place will definitely drive real estate.

8)Attraction to investors will also determine how real estate will be profitable in a town.

9)Absence of good residential buildings will make the good and new ones to be very desirable to the populace.

10)Availability of mineral resources.

11)Availability of infrastructural resources.

12)Availability of transportational resources like airport, train stations sea port e.t.c

13)Availability of communication facilities.

14)Good government policies and regulations-Lagos and Abuja will come
to mind in this case, recently houses are being demolished in lagos
because of improper government permit before construction. New investors are now more careful and afraid to build because of fear of demolition.
Getting the permit on itself is very difficult at present because of the bureaucracy involved.

15)Availability of natural resources.

16)Is the town transitory? Hotel will be good for such areas.

17)Does it have plenty of government parastatals? with this you can be sure of growth in such area.

19)War and trouble will definitely affect real estate negatively.

20)Good climate

Going by the points stated above,Abuja, Lagos and Portharcourt will  beat the rest in Nigeria, but they also have advantages and  disadvantages too. Abuja is good for hotels, for low income earners you
can build hostels as common in Europe. Political meetings will always  be held in Abuja and anytime there is a big programme the hotels are  always completely booked.

But Abuja has developed to a very high rentage zone and total separation  of the rich neighbourhood from the poor neighbourhood will at the long  run not help the real estate industry there, that is why there are uninhabited  houses yet people are going far to the suburb to live in slums. But in  Lagos, in every rich area, very close by you will see poor neighbourhood  zone, this helps to create spillovers from rich neighbourhood.
So if you are an investor you can just get properties  close to these rich areas redevelop and clean up the place then you can  have the affluence of your neighbour rubbing off on the properties in the poor neighbourhood though very close to the rich.

Lagos has very high rate of human traffic and influx of graduates from  other states will always make it very attractive for real estate,  Portharcourt despite the kidnappings is the unofficial capital city of  Niger Delta the oil rich region, so expatriate are always attracted to  the place, there you are sure to make very quick and profitable investment.

In conclusion, economy is the chief driving factor of a real estate
investment in an area and for Nigeria ,Portharcourt and Lagos towers
above the rest.

Source

Carlson Rezidor to open Park Inn by Radisson Abuja Kaura, Nigeria in 2015

Carlson Rezidor Hotel Group will unveil the 150-room Park Inn by Radisson Abuja Kaura in Nigeria in the first quarter of 2015. The full service mid-market property will be located in the Kaura district of Abuja, the capital city of Nigeria. The property will feature a restaurant and bar, a club lounge, a rooftop bar, a business lounge, 6,561 sq ft of meeting and conference facilities, a gym and wellness spa, and an outdoor swimming pool, a release stated.

Wolfgang M Neumann, President and CEO, Rezidor, said, “Nigeria is a focus country for our business development. The country’s economy is one of the fastest growing worldwide, and we see considerable growth potential for our core brands Park Inn by Radisson and Radisson Blu. With this signing we bring our portfolio to eight hotels in operation and under development in Nigeria."

Nigeria: Babangida Has Put Down Foundation for N20 Billion Abuja Estate

Local News

Former Nigeria President Ibrahim Badamasi Babangida has set the building blocks of a N20 thousand 400-unit housing house to be developed by Downtown Shelter Ltd., in cooperation with Kano State government in Lokogoma area of Abuja.

The former President, who set the building blocks on Friday, recommended the dogged initiative of Downtown Shelter for what he identified as the immense economic and social prices the developer is taking to carry on the true house sector in Nigeria.

He needed the sustainable and improvement of the collaboration speed by the Kano State government whose many laudable developmental projects in their state is worth emulation.

Chairman, Downtown Shelter, Mal. Ibrahim Aliyu said the house to be referred to as "The Promenade" would consist of a variety of 1-5 bedroom duplexes across a 2 hectare land.

He said the residences, likely to be completed in 2015, will consist of social amenities including shopping center, club home, swimming pools and basketball courts among others.

Kano State Governor, Rabiu Musa Kwankwaso recommended the attempts of the FCT Minister, Sen. Bala Mohammed, who ensured that the area on that the house is going to be developed was guaranteed with regards to name and possession.

He said their state government can be partnering with Downtown Shelter to supply 100 housing models in Durumi area of Abuja at the cost of N9 thousand while over 1,400 models are nearing completion in the newest Amana, Kwakwasiya, and Bandarawo cities of Kano metropolis.