Thursday, July 11, 2013

Nigeria Hotels for Sale: 21 rooms luxury hotel sitting on 4000sqms for sale at Osborne Estate, Ikoyi - Photos

21 rooms luxury hotel sitting on 4000sqms for sale at Osborne Estate, Ikoyi

21 Luxury rooms
Located in a quite environment
Sitting on total size of 4000sqm
Located in Highbrow area of Osborne Phase 1, Ikoyi
Good Title: Lagos State Governor's consent

Accryda Associates
7, Oluwaleimu Street
Off Toyin Street
Ikeja, Lagos.
Tel. 234 805 8021 495, 234 809 4025 634

Other Details: Number of Bedrooms: 15+, Number of Bathrooms: 15+

* Price: 6,173,420 USD

Nigeria, China Sign pacts on financial ties

Nigeria's Leader Goodluck Jonathan and Leader Xi Jinping of China Wednesday in Beijing presided over the signing of five agreements to enhance financial, deal, financial, complex and ethnic relations between Nigeria and China.

The agreements of closed after bilateral talks between the 2 leaders and their delegations range from the Structure Contract on Comprehensive Economic Cooperation In Help of Nigeria's Economic Growth and a Preferential Customer Credit Contract for Nigeria's Four Airports Growth Project.

The others were a new Contract on Economic and Technical Cooperation between Nigeria and China, an Contract on Good Credit Exemption for slots of diplomatic and standard passports from equally nations and an Contract for the Reduction of the Theft, Illicit Transfer and Move of Social Property.


Talking ahead of the commencement of the talks, Leader Jonathan thanked Leader Jinping and the folks of China for the warm reception accorded him and the First Woman, Dame Persistence Jonathan because their birth in Beijing yesterday.

The Leader confident Leader Jinping that the Federal Government is completely committed to sustaining and establishing the strategic collaboration between Nigeria and China for the shared benefit of the 2 nations and their people.

He explained that in spite of the numerous positive developments in bilateral relations involving the nations in recent years, there clearly was however sufficient scope for increased deal and strong expense from China in Nigeria.
Leader Jinping confident Leader Jonathan that China can keep on to work with Nigeria in every probable areas in furtherance of the progress agenda of equally countries.

Earlier in the day in the day, Leader Jonathan met and asked Senior Executives of a few Chinese conglomerates to begin fresh opportunities in Nigeria or improve existing types, expressing that the Federal Government was committed to performing all within their powers to grow Nigeria's domestic production capacity.

Those the Leader met with included prime professionals of Huawei Systems Confined, China Great Wall Industries, ZTE Business, the State Grid Business of China, the NIC/SINOPEC/CGC Consortium, the China Railway Structure Business and the China Harbour Design Corporation.

At a morning meal ending up in African Ambassadors to China, Leader Jonathan reaffirmed his certainty that African nations needed to enhance their institutions of democratic governance to guarantee political stability and maintained development.

He explained that democratic governance should really be nurtured and inspired till it requires harder origin over the continent, adding that the African Union must continue steadily to stand against unconstitutional changes of government in member-states.

The Leader regretted recent political developments in Egypt and called for a rapid return by the united states to constitutional buy and governance.

Noting that the Forum on China-Africa Cooperation has become a useful framework for wedding between Africa and China, Leader Jonathan said that the African Union might consider the establishment of a representative office in Beijing to aid deeper connections involving the Asian financial giant and African nations.

Leader Jonathan can meet with Premier Li Keqiang and the Chairman of the Ranking Committee of the National Peoples Congress, Mr. Zhang Dejiang tomorrow for further bilateral talks.

He may also handle Chinese investors and their Nigerian alternatives at a business community in the China Earth Industry Centre in continuation of his state stop by at the united states

Wednesday, July 10, 2013

Nigeria: Farmers/Herdsmen Situations - 3,000 Lives Missing, Still Number Result in Sight

FOURTEEN decades after the nasty kill of Zaki Iyordye Akaahena, a famous paramount leader in Guma Local Government Area of Benue State along side his two sons who were theoretically beheaded by rampaging Fulani herdsmen in 1989, around 3,000 lives have been lost to the unending sour fight.

Actually, the partnership between many Benue farmers and herdsmen has been shrouded in suspicion and deep rooted abhorrence for every single other. Probably, this might take into account the consistent bloodbaths between the 2 in several communities and villages about Agatu, Guma, Gwer West, Makurdi and Gwer local government areas of the state.

There's number gainsaying that the situation has, like before, centered on dispute around grazing avenues and allegations and counter-accusations by the feuding parties that the other had trespassed beyond bounds. That only implies that since the Tiv man places so much premium on his facilities, likewise the herdsman who can kill his fellow man for tampering with his cattle, any effort by the pair to cohabit might generally lead to bloodbath.

That certainly can be responsible for the consistent issues between Tiv farmers and Fulani herdsmen across the Benue pit wherever lots of farming actions take position, but wherever herdsmen have also found ideal for grazing.

Actually, within the last few 14 decades hardly might any month go by without described cases of situations involving the farmers and herdsmen, ultimately causing deaths and destruction of property.

Actually, between last Friday and Saturday, close to 60 persons were killed, while scores were hurt and others still lacking in one of many bloodiest situation between Tiv farmers of Guma and Fulani herdsmen.

The most recent situation has established a massive refugee condition in Guma with well over 7,000 displaced persons, mostly girls and kids, now camped in Gbajimba, the local government headquarters; the fight still raging in the distant villages.

Speaking on the new situation, chairman of Guma local government council, Mr. Joe Us Adii, lamented ergo: "Lives are being lost on a typical foundation in the hinterlands whilst the recurring situation can be taking their cost on the finances of the council. Like I told you, the problem is poor because we already have a significant refugee condition inside our fingers right now considering that around 7,000 persons have been displaced by this situation; we've been able to camp them at Gbajimba.

"Bulk of these displaced persons are girls, kids and seniors; but luckily, as I talk to you, soldiers have moved directly into Gbajimba, the local government headquarters, and happen to be mobilizing to move to the situation parts in order to always check more eliminating ".

Also speaking, former Benue State Mind of Service, Mike Iyordye, who lost his father to the situation 14 years ago and whose house was burned down in last week's situation, pleaded with the authorities to take steps to test the situation " before it snowballs into anything else."

Unfortunately, despite the recurring dislike that remains to greet these unending situations and the resultant massacres, there seems to be number end in sight to the wanton killings and destruction of house between these feuding parties.

Probably government can offer a considered to the panacea set forward by the Paramount Ruler of Nagi Empire, HRH, Daniel Abomste who recently implored the Federal Government to urgently produce grazing avenues around the world for herdsmen in order to base the consistent situations taking place about Benue State.

Kenya Plans Derivatives to REITs to Increase Trading Volumes

Kenya's bourse, East Africa's largest, plans to introduce derivatives and property investment trusts after equity trading volumes declined, based on the financial-markets regulator.

The Capital Markets Authority will probably approve the introduction of futures products, with a focus on interest-rate and foreign-exchange derivatives, and asset-backed securities by December, Paul Muthaura, the regulator's acting chief executive officer, said. Exchange-traded funds might be started next year, he said. The FTSE NSE Kenya 25 index has gained 23 percent this year, with the nation's main stocks assess the third-best performing in Africa after Ghana and Nigeria.

“The newest array of products will deepen the marketplace,” he explained in an interview in Nairobi, the capital, July 8. “Providing new investment opportunities will attract more foreign investors buying a variety of investment options and allow local investors to spread their investment and tap into new sources of raising capital for projects.”

Kenya's Nairobi (NSEASI) Securities Exchange, which trades stocks and bonds, is sub-Saharan Africa's third-biggest bourse and its market capitalization is less when compared to a 20th how big South Africa and about a quarter of Nigeria.

The amount of stocks traded in Nairobi fell to 5.46 billion in 2012 weighed against an archive 7.55 billion in 2010 and 5.72 billion in 2011, data supplied by the exchange show. Almost 46 billion shares were traded on South Africa's FTSE/JSE Africa All Share index this past year, in accordance with data compiled by Bloomberg.

‘High Potential'

The sum total value of bonds traded in Kenya this past year was 1.14 trillion shillings ($13 billion), based on the exchange. That compares with 2.18 trillion rand ($216 billion) in South Africa, in accordance with Bloomberg calculations based on data supplied by the Johannesburg Stock Exchange.

“There is high potential in raising funds from institutional investors, foreign investors and high net worth individuals through the introduction of the new services,” Kenneth Kaniu, chief investment officer at Nairobi-based Stanlib Kenya Ltd., a system of Standard Bank Group Ltd., with 170 billion shillings under management, said by phone.

Three investment funds have put on list REITs, Muthaura said, without identifying the companies. REITs are companies which have property-linked assets and spend most of the income to investors through distributions. The South African REIT Association was started in May after six years of talks to generate regulations for a, which will be set to end up being the world's eighth largest REIT market with 26 companies, in accordance with its website.

Institutional Investors

“The REITs will target institutional investors and high-net-worth individuals with a minimum of 5 million shillings per unit to make certain sufficient funds are raised within the shortest time,” Muthaura said.

Housing Financing Co. Ltd., Kenya's just publicly dealt mortgage lender, claimed last week it wants the us government to exempt REITs from spending duty on capital gains. Housing Financing plans to really have a share in REITs as a supervisor, land manager and property builder as well as trustee, offering as a custodian of resources held by way of a trust. Centum Expense Co., Kenya's biggest publicly dealt expense party, can also number a real-estate project as a REIT, Nairobi-based Company Daily newspaper reported last year.

The trade can present two lessons of REITs. One can concentrate on present commercial properties making hire income and minimum fund measurement of 300 million shillings. Another can goal properties under development with more than 100 million shillings in capital, Muthaura said.
Commodity Instruments

The planned futures and derivatives trade will even contain commodity devices, Muthaura said. Rules for the market is likely to be prepared by the following month, he said.

The introduction of asset-backed securities will help fund energy, water, train and street projects in Kenya, Muthaura claimed, without giving details. Kenya's government has budgeted to pay 442 million shillings on infrastructure in the fiscal year to August 30, 2014.

The regulator claimed July 8 it plans to present exchange-traded funds and is seeking a specialist to produce regulations. Unlike a good fund, the shares which are priced day-to-day after the end of every trading program, an ETF is stated on a change where it's bought and sold throughout the day.

“The brand new expense devices will give you a way to diversify expense portfolios,” Vimal Parmar, the Nairobi-based head of research for Burbidge Capital, claimed by telephone yesterday.
Regional Platform

The authority can also be in talks with Tanzania, Uganda and Rwanda, who are customers of the five-nation East African-american Neighborhood, about giving a system for firms to raise capital in various markets simultaneously, Muthaura said. Burundi, the sixth member, does not have a capital market.

“We are preparing to co-ordinate approval method allowing firms to issue multi-currency debt devices,” with one software already being prepared, Muthaura said.

The FTSE NSE Kenya 25 List received for a sixth day recently, hiking 0.6 percent to 157.91. The measure has advanced 23 percent so far this year.

Access Bank Aum Hits 200 % Development

 Local news:
Access Bank UK Limited, the wholly-owned subsidiary of Access Bank Plc, has declared that its Assets Under Management, AUM, in the private banking and asset management business has increased by over 200 percent to US$18.5 million by the conclusion of 2012. The bank, in a statement, said AUM had continued to grow and now stand at US$66 million. Based on the statement, "the upsurge in AUM has been driven by the ability of Access Bank UK to deepen its client relationships by expanding its product portfolio to its clients beyond its traditional give attention to banking and asset management services. "Buy-to-let property loans, investor visa and discretionary portfolio lending provide new routes for customers to access hard currency outside Africa. "The bank provides private banking services to African/Nigerian Ultra High Net Worth Individuals, UHNWIs, in the UK and sub-Saharan Africa. "Services provided include traditional private banking services, property and discretionary portfolio lending." The statement said the amount of customers had grown because the launch of the Private Bank in 2009.

Tuesday, July 9, 2013

The Growing Con In Nigerian Real Estate - The Legitimate Dilemmas - Properties

I left Nigeria to London in my very young age where I successfully studied law in among the top London University and continued to do Bar Vocational Course (BVC). Having spent so several years in London I believed it wise to return to my country (Nigeria) to be in down with my children to ensure that my children will know their root very well.

In order to continue my practice, Used to do my law school in Nigeria and started my practice as a Barrister & Solicitor Advocate of Nigeria.

Among other areas of speciality, conveyancing, Property Sales and Development is one of our area of expertise and through this experience I believed it wise to create this article to warn other Nigerians both local and Overseas in what they have to know before buying or selling properties in Nigeria.

Unfortunately, I will not prefer to overwhelm you with a lot of information, however, if you should be of any concern, do call me at appropriate time; I may well be more than pleased to answer your questions.

In doing so, I will require to to generally share some personal and professional experiences with buying, selling, letting or renting properties in Nigeria. Things are very tough now making some individuals to become ‘fake'estate agents being an umbrella to commit fraud.

I need to honestly say there are good and genuine estate agents and surveyors in Nigeria however the bad agents will be the once destroying the estate agents'business in Nigeria. The question is how can we dictate a fake estate agent?

To slice the story short, I will share only few experiences and will not name the concerned agents and the so-called surveyor in this article.

In 2013, a very reputable client instructed us to purchase land for property development. We sighted the first document for the land as well as the plan. The issuing is how to understand the document is real or clone. Appropriate searches were conducted through AMAC, the name on the AMAC record clearly match the seller's name in the document. However, reading the program, everything did not seem directly to us. To ensure that our client will not be at an increased risk with the proposed property purchase, we carried out an additional and third surveyor. It transpired that the land demonstrated to us was not the particular land on the program making the sale illegal and fraudulent.

Obviously, the agent and his surveyor did not realise my profession and level experience in Nigerian real-estate, but seeing me with another foreign buyer, their main motive was to commit fraud. I monitored them very closely until their plan was uncovered through evidence.

There are plenty of stories to share with, however in order to not scare you, it's necessary to hold out a suitable due diligence through reputable law chambers or other trusted estate agents.

It can also be necessary to ask for other identity of owner to be able to eliminate fraud. Through legal cases, there have been many cases where people sold land that belonged to someone else. The vendor believing that he/she had acquired a legal and equitable fascination with Land would start an immediate property development on the land simply to notice at a later stage that the land was fraudulently sold to him/her. Consequently, two innocent people would end up in a very expensive litigation to find out the rightful owner of the land. This really is very awful and something you've got to avoid when possible by taking a suitable due diligence.

Please make sure you instruct your own surveyor and not only the seller's surveyor.

If you're in doubt concerning this please contact me for proper estate agents'referrals or assistance in buying, selling, letting, managing or renting accommodation in Nigeria. Once proper steps are taken to avoid this mess, you will surely be happy to purchase Nigerian Real Estate.

I've received tens of thousands of awful stories from so many individuals and thought it wise to create a write-up warning people to hold out appropriate due diligence before committing their hard earned money. In this way, you is going to be be confident that your investment is safe! Nigerian Real Estate is good if you handle the right individuals or lawyers.

For questions or answers please contact me on:

Conversation with a real estate millionaire In Nigeria

We've experienced several principles on real estate investments and answered several questions and enquiries from ardent readers with this column. But it may be much more instructive to share one of several conversations that I have experienced with a real estate millionaire that has helped me tremendously.

I have found the truth of the word that the ounce of example is worth a pound of precepts. Permit me to extract the essential principles of this particular conversation and to safeguard the privacy with this individual who'd also prefer his name not to be mentioned.

Rule 1: Have an excellent source of income. This specific real estate investor started several years ago just a couple of years after the independence of Nigeria by exporting certain agricultural produce. He poured himself into building this business and was later joined by a few other partners. The business enterprise flourished and provided him with the normal stream of income with which he started investing in real estate.

This real estate millionaire believes in work and entrepreneurship. He believes that most of the youths of today will do better if they figure out how to walk before wanting to fly. He believes that if you're willing to serve others faithfully within their business, you'll do wonderfully well in yours once you eventually start.

The lesson for people in that is that real estate investment requires seed capital and to possess those initial seed capital you must have earning power, you must have a means of income. You can't set up a great structure without a solid foundation. So,for several could be investors, first learn a skill or profession that'll allow you to get a job or begin a business as possible grow and that'll give you regular income.

Rule 2: Start saving and start investing in real estate in your own little way. Our real estate millionaire started by buying land in a location that has been a “jungle''but has become one of many commercial nerve centres of Lagos. He stated so it was not easy buying some of these properties then.He said he made buying real estate one of his true pastimes.

He did not start buying properties in the high brow areas of that time period while he could not afford them. In accordance with him, start what your location is and with that which you have. If all you could are able is a parcel of land in the outskirt of town by all means start there rather than not starting at all.

Rule 3: Its good to create and rent. This real estate millionaire began to create a number of his properties with desire to of letting them. Fortunately for him, as time continued ,he started to obtain understanding of construction and building development. This accelerated his building projects and his ability to communicate with builders and workmen saved him significant costs. He also started initially to allow buildings to tenants to generate income. As at today, his annual rental income is in millions of naira.

The lesson for aspiring real estate investors is to target on income-generating assets. When you have sorted out the issue of where you reside, you ought to continue building for others to rent from you and pay to you. Some real estate investors have an objective to create a specific number of houses using areas over a period of time using current and projected rent as a basis for planning.

This strategy can also be a form of retirement planning since rental income from such properties provide passive cash flow. Like our real estate millionaire, who is now an elderly man, but does not need to work to be able to pay for his cost of living.

Rule 4: In the event that you can't develop some properties by yourself, let them have to reliable developers.This real estate millionaire had some properties he could not afford to produce on his own as a result of multiple projects he was involved in. He gave a number of such properties to carefully selected developers he gave long leases to. Many of such properties have since reverted to his control and are actually giving him fantastic returns. In his thinking, it was better to include value to the land or allow someone else to include value to the land. As long as the properties aren't sold they'd eventually revert back to him or his beneficiaries.

Rule 5: once you do sell, reinvest all or part of the income in real estate. This real estate investor rarely sells his properties but when he does, he sometimes buys another property or uses the income to include value to a different property. He is  comfortable and modest at the same time. He often has the next project or investment in sight before concluding the offer to sell.

He believes in moving his funds to raised and better real estate locations that provides in better rental income. As at today, a conservative estimate of his property assets is over N2billion.He started small,built his estate gradually but strategically and now he is reaping the reward.

Some locations suddenly became prime locations and transformed the value of his investment. His life proves that should you cast your bread on many waters you will find it and more someday or somewhere you least expect

Lagos Property: 4 Bedroom Bungalow with 4 Rooms Domestic Staff Quarters at Shonibare Estate, Maryland

4 bedroom Bungalow with 4 Rooms Domestic Staff Quarters at Shonibare Estate, Maryland

4 Bedroom Bungalow
with 4 Rooms
Domestic Staff Quarters
at Shonibare Estate,
Lagos, Nigeria

Rent: $44,000

info@aproglobalng. com

Tel: 01-7620139
Mobile: 08051595336,08029481639

Other Details: Number of Bedrooms: 8, Number of Bathrooms: 6

* Price: 44,000 USD

Lagos Property: Bedroom Detached Duplex at Shonibare Estate

6 bedroom detached house with 3 room Guest Chalet at Shonibare Estate

6 bedroom all en-suite
Swimming Pool
Lush Green Areas
Located On total size of 2000sqm

Title: Registered Title
Price: 350m

Accryda Associates
7, Oluwaleimu Street
Off Toyin Street
Ikeja, Lagos.
Tel. 234 805 8021 495, 234 809 4025 634

Other Details: Number of Bedrooms: 6, Number of Bathrooms: 6

Lagos Property: Properties in Maryland, Real Estate Listings in Maryland Lagos Nigeria Properties

5 bedroom all en-suite
Adequate Parking Space (10 cars)
Lush green grounds
Compound finished with interlocked pave stones

Title: Registered Title
Price: 275m

Accryda Associates
7, Oluwaleimu Street
Off Toyin Street
Ikeja, Lagos.
Tel. 234 805 8021 495, 234 809 4025 634

Other Details: Number of Bedrooms: 5, Number of Bathrooms: 5

Monday, July 8, 2013

‘How govt’s policy, funding may further boost housing sector'

AGAINST the background of Nigeria's strategic spot, environment and topography, stakeholders have advised the Federal Government to intensify incentives to property designers to enhance the property sector.

 Talking in Abuja when his business, Brains and Hammers (an indigenous real-estate company), obtained FESADEB Communications'Best True House Progress Organization in 2012 award, the Managing Director, Umar Abdullahi, said that government's responsibility was critical to handling property and real-estate challenges.

  One other person was the Primary Executive Official of Melvorich Nigeria Limited, Melvin Udo, whose business is in to structure and electrical installation.

  Abdullahi identified sufficient infrastructure development, individual fund initiatives, public-private partnership, good property plan implementation and decrease curiosity prices for mortgage as incentives that could support government obtain progress in the push to change the sector.

  He advised government to lessen bottlenecks in mortgage accessibility readily available for house owners. 

  Based on him, “there's a limit as to the individual designers like Brains and Hammers can provide in infrastructure as part of their corporate social responsibility.

  “The challenges to lot of property designers, specially in Abuja, include that the land designated in their mind are often off the road, off option of fundamental amenities. We are in to real-estate development largely for residential houses and we have constructed home that are nearing completion in the Federal Capital Territory.

  “We were nominated and won the FESADEB “Best True House Progress Organization in 2012” award adhering to a review following lots of companies put in for the awards. But three companies were nominated and, luckily, our organization was picked since the best.”

  He added: “Appropriately, our goal is usually to be a benchmark for your residential structure industry. We aim to be the actual property creator that different designers copy, both in terms of our true conclusion items, and administration and organization approach.”

Lagos Property: Two story building, uncompleted - for sale in Lagos, Nigeria

Two story building uncompleted

Price: NGN 25,000,000
Updated on 2013-07-08 11:14
    Posted by: Alexis442
Send a message

Sunday, July 7, 2013

Lagos Property: A well structured house for sale in ikotun lagos

NGN 55,000,000  negotiableBedrooms : 5Bathrooms : 5
3,celestial road igando  234 View MapSize (m2) : 400Year Built : 2001
Code : 07033181041 - propertiesLot (meters) : 120 X 240Land Size (hectares) : 3.00
the house is very close to the the road, it has twelve shops on a Conner piece, the interior of the building is en suit with all modern design such as tiles,kitchen cabinet,nice roof,etc both the interior and exterior is full of necessary facilities such as electricity,water etc the place is fully developed.the building can be use for residential purpose and commercial purposes such as: bank,company etc..

Latest Real Estate Firm Job Vacancies in Nigeria, 2013

Latest Real Estate Firm Job Vacancies in Nigeria, 2013

A Real Estate Firm, whose primary activity is in real estate development and sales, requires qualified candidates to fill the following vacancies:

Position: Lawyers

    With at least 5years work experience in property/real estate sector is important.

Position: Sales Executive

    With proven and verifiable track record in sales.
    2 to 3 years experience,
    Minimum of OND.

Position: Civil Engineers

    With minimum of B.Sc/HND in Civil Engineering with at least 3-5 years experience in Construction – experience in road construction will be an added advantage.

Position: Accountant

    With minimum of B.Sc/HND (minimum of 2nd class) or ACA/ACCA.

How to Apply:
Interested applicants should send their application not later than 9th July, 2013 to

Saturday, July 6, 2013

The financial and economic implication of violence and terrorism in Nigeria - Halima

local News
The economic implications of the growing charge of abuse and terrorism in Nigeria can be assessed from various perspectives. The price of diversion of house and national output are immediately affected while you can find long run indirect charge of confronting and curbing the menace. To not be neglected could be the individual charge, the amount of lives wasted in the process.

The task of preventing violent crimes and terrorism has actually been very expensive. Just in 2010, the us government is paying a whale of total on defence and security. Much sum in comparison to expenditures on different critical industries of the society. The price of tackling terrorism in Nigeria also plunges us greater to the mire of poverty and political destabilization, cankerworms which can be themselves, already consuming up the nation's great money and substance resources. In the bid of proffering a feasible indicates by which they could be terminated.

It is saddening to understand that the recent state of uncertainty in the united kingdom is occurring at the same time when all of the important industries in the united kingdom have become moribund. What is even more saddening is that battle against horror is slowly affecting the transfer and tourism industries which are important international trade earners, duty revenue turbines, organization opportunities for growing entrepreneurs and sources of employment.

Domestically, the fight terrorism has triggered a hold down on the most popular “Okada” organization in claims like Borno and Yobe, ultimately causing the bar of the business enterprise in some parts of the these states. Secondly, interstate vacation for organization and alternative activities has been ridiculously affected. Indigenes of southern claims of the country are becoming more scared to see the north and vice versa.
Internationally, Nigerians are increasingly being treated with good suspicion. It is my opinion that the recent repatriation of some Nigerians by the South African-american and English governments might not be unrelated to activities occurring in Nigeria. To top it all, foreigners are finding it difficult to see Nigeria. A nation once believed to be “Huge of Africa”, and one of the very vivid nations in the world. Associated with maybe not farfetched, no “Oyibo” desires to be kidnapped, neither do they would like to be found 1 day in the center of a crossfire between terrorist gangs and safety agents in the accommodations or while sightseeing.

With the state of the state now, one might not be regarded as fully improper to say that terrorism and violent crimes have provided Nigeria and Nigerians more poor labels in four years than crime has done in the 51 years of nationhood.
While we might continue to count the implications of the terrorism and violent crimes on our culture and our economy, it is also essential for us to begin to plot a new vista for our nation. Correct, failure of the government to behave in techniques increase community assurance on such dilemmas have already been showing, coupled with this, our bodies appears to be giving these destroyers of our culture with an increase of factors to perpetrate their dastardly functions – the higher level of crime in high and reduced places, the upsurge in unemployment among a majority of the nation's childhood, bulk illiteracy-cum-ignorance and the hypocrisy of some conventional, political and religious leaders.

However, it is time for something to be performed, and we must think that it will. It may only take some time. A popular find word “it starts with you”, and I challenge say it starts with us. First, we must be described as a nation of positive thinkers and forward lookers such as the Americans who despite continuous political, organic, economic and security problems have maintained to keep their brains above the water.
We ought to exhibit such reliance and perseverance by praying for the country. Subsequently, spiritual leaders should figure out how to desist from teachings that inspire severe spiritual extremism and fundamentalism.
In addition, the us government should stop talking in loud hues, showing people that some people are responsible for the funding of enemy teams in the united kingdom, however being struggling to fine anyone or firm culpable for such act.

More over, security operatives must look into that, the time and energy to unlearn the act of reducing their strength on the altar of greed and learn the exercise of selfless service to individuals as enriched in the theory of patriotism. They ought to stop bothering simple Nigerians whom they are said to be defending on the highway as the bad eggs continue to wander about cot-free.

Efficient and efficient legitimate equipment must also be set in position to make sure that perpetrators of such severe functions against the sovereignty of our nation are decisively worked with.
Lastly, governments at all levels must guarantee they take part in progress concentrated tasks that will help alleviate the pains of the teeming mass Nigerians. It is just whenever we all work together and the us government performs for individuals with social progress in your mind, that we might be able to obtain peace and the resuscitation of our badly terrorism-damaged economy.
Compiled by
Halima Abubakar Aliyu
Team of Mass Connection
College of Maiduguri.

UPDC Real Estate Investment Trust/Nigeria

Company Profile for UPDC Real Estate Investment Trust/Nigeria (UPDC)

UPDC Real Estate Investment Trust/Nigeria is a Real estate investment trust (REIT) which invests at least 75% of its assets directly in quality real estate (land and/or properties) in strategic locations across Nigeria.

Contact Information

UPDC Real Estate Investment Trust/Nigeria

UAC House, 7th Floor
1-5 Odulami Street

Key Executives for UPDC Real Estate Investment Trust/Nigeria (UPDC)

Larry Ephraim EttahChairmanHakeem Bamidele OgunniranManaging Director
Folasade Oluwatoyin OgundeExecutive DirectorGodwin Abimbola SamuelSecretary

Real Estate firm recruiting Independent Marketers in Lagos

Our company, a reputable real estate firm, with offices in both Lagos Island and Mainland, urgently request the positions of Independent Marketers for immediate employment.
Requirements: Attributes of enthusiasm & creativity drive excellent verbal presentation & good interpersonal skills previous marketing experience in real estate & investment firm will be an advantage
Lagos residents only
Renumeration: Successful candidates can make as 1million per month.

Interested candidates should send application to:

Friday, July 5, 2013

Lucrative True Property Expense Possibilities in Nigeria - Real Estate

True House has been shown to be one of the very most profitable investment options currently for sale in Nigeria with relatively minimal variability of returns. It involves the purchase, control, management, rental and/or sale of real estate for profit. How-ever, investors must be familiar with the relatively extended tenure of holding time that may be required. The place of this investment usually has an important effect on the holding time required for a worthwhile transaction. You will find three key kinds of real estate namely:

The Professional True House
These attributes are employed solely for organization applications and an investor (developer) often owns the developing and collects lease from each organization that works within the structure. Often, the developer could build for outright sale and subsequently appoint a ability manager. A number of the key types of commercial real estate include:

·         Ultra-modern malls and function centers

·         Office houses

·         Recreational Centers

·         Credits including Streets, links, Free Business Locations and locations

·         Hospitality

·         Eateries & Fast Food Sites

We calculate that 60% of international investment in real estate is in commercial true estate.

The Residential True House
This kind of attributes are meant for living purposes. Shelter, it is said, rates 2nd in the hierarchy of human needs; being most critical following food. Accessible data show that 87% of the full total family citizenry in Nigeria lives in rented apartments. That reality, no doubt, makes Nigeria a practical investment location for local and international investors, provided the mammoth measurement of her citizenry

Industrial True House
These attributes are employed for production and production. Often involves the construction of warehouses and factory floors. That market of the industry is not powerful in Nigeria, as a result of current minimal amount of production actions in the country.

Overview Of The Nigerian True House Industry
In the past year, individual equity firms took Africa's real estate industry by surprise with millions of dollars in investments, specially in the industry and hospitality sectors. The total investment in these industries in the past 2011 is c. $652 million and analysts think the Nigerian industry is one of the very most wanted following, as a result of large results possible.

The growing curiosity about the Nigerian industry is as a result of large need buoyed by increasing urban citizenry and adjusting looking lifestyle among the expanding middle-income group, that has triggered the construction of several looking malls. Typically 5.7 million Nigerians are believed to invest on the common US$10 to US$20 per day. The united states also posseses an projected $115 billion annual usage spend.

There are c.10.7 million properties in Nigeria and we respect that statistics extremely insufficient when comparing to how big the nation. To the conclusion, the World Bank has esti-mated that it might cost as high as N59.50 billion to connection Nigeria's 17 million hous-ing deficit. That huge deficit determine may also be seen as a large and untapped invest-ment possible of the country's real-estate sector.

While the skilled an important lull from the Q2 of 2009 to the Q2 2011, the segment is slowly on the rebound and has skilled significant growth and per-formance. That performance is basically driven by the re-emergence of the Nigerian middle-class and the discharge of initially suppressed demand for decent residential and industrial accommodation by high net-worth individuals, corporate businesses and crucial participants in the retail merchandising sector.

Growth in the segment has also been enhanced by the entrance and expansion of new and active multinational businesses in groups such as for instance ICT, oil and gasoline, retail mer-chandising and finance. The upturn in economic activity; skilled from Q4 2011 currently, has led to a rise in demand and source for industrial and high-end resi-dential real-estate development, particularly in the important thing towns of Abuja, Lagos and Interface Harcourt. Worrying developers have dedicated to the structure of high-end resi-dential properties, industrial developments as powerful demand has been strongest for these sets of developments. There's also been an stimulating upsurge in the structure of flats and condominium –type house, to help affordability.

The Nigerian industry stays appealing as there are many possibilities obtainable in the sector. There are possibilities for equally institutional investors and real-estate developers. We've identified feasible possibilities in the next pieces of the market for the immediate term:

·         Hospitality;

·         Searching centers; and

·         Company prevents

·         Repaired flats

However, the process confronted by the with regards to high and unfavorable fascination rates is anticipated to persist in the small term. Hence, transactions must certanly be really analyzed ahead of commencement. None the less, the existing recovery development in economic factors is expected to carry on, thus which can result in a downward pres-sure in financing rates.

Other accessible home elevators real-estate include:

1.Macroeconomic Review

2.Industry Attractiveness

3.Technical Feasibility

4.Organizational Feasibility

5.Financial Feasibility

6.Key Achievement Facets

7.Major Business Participants

8.Cost Analysis

9.Income Analysis

10.Fund Increasing

Other accessible Publications…...

·         Charcoal Exportation

·         Extrusion Snacks

·         Retail Merchandising

·         Education

·         Importation of Sausage

·         Importation of Icy Meals

Nigeria has Real Estate Potential But Has Some Challenges

 Local News.
In a few ways, Nigeria appears like a real-estate investor's dream. Africa's second-largest economy posseses an emerging middle-income group eager to look in modern shops and is getting many of the world's greatest businesses, which require offices. The nation includes a lack of most forms of modern space, raising the likelihood that the market may prefer landlords for a long time to come.

But there are disadvantages to buying Nigerian property. First of all, the nation placed 96 out of 97—one above Sudan—in the Jones Lang LaSalle 2012 international real-estate visibility index, which tracks the ease and confidence investors have in buying professional real estate in certain country.

The result is a industry that's viewing more deals with large costs from opportunistic resources ready to have a chance on Nigeria's potential. But the world's greatest and most recognized investors continue to avoid the country.

Most of the active investors in the country are either local players or foreign resources that specialize in Africa. "You're not going to get the European pension money here" shortly, says Mark Bradford, chairman of property representative Jones Lang LaSalle in sub-Saharan Africa. "There is very little of a industry [for them] here however, however the possible is huge."

The foreign players in the country contain Actis LLP, a London-based private-equity company with $1.7 thousand dedicated to Africa. Their Nigeria jobs are the Ikeja Town Mall, a 307,000-square-foot mall in Lagos. The development, which cost $100 million, exposed in 2011 and presently is occupied with tenants such as Africa's greatest food shop Shoprite Holdings Ltd. and Samsung Technology Co.

Actis is paying about $100 million to produce the 194,000 square-foot History Position company creating in Lagos, which is collection to start in 2015. "Nigeria from an global perception has attracted more curiosity during the last 2 or 3 years," says Brian Morley, mind of real estate at Actis.

One of the numerous difficulties experiencing foreign real-estate investors may be the paucity of industry data. Unlike other areas, investors can have difficulty finding data with fundamental data such as option rates, source, leasing activity and property ownership.

To make sure, the few real-estate data available reveal the country's potential. Like, excellent company rents reach as large as $70 a square meter each month in Lagos, the highest in sub-Saharan Africa excluding South Africa, in accordance with Broll Home Solutions Ltd., element of CBRE Party Inc. The next best is Accra, Ghana, at $37 a square meter.

But buying Nigeria is not for the weak of heart. The Jones Lang LaSalle report places the nation in the "opaque" category of visibility, meaning Nigeria suffers from components of problem, insufficient fundamental knowledge and poor environmental sustainability applications when creating large-scale properties.

In Nigeria, "real estate can be rife with problem all through the procedure," says Obi Nwogugu, who runs a finance at African-american Capital Alliance with $165 million in real-estate assets in West Africa. The finance this season accomplished a $36 million company creating on Victoria Area in Lagos that's being leased to Common Electrical Co.

60% of C of O in Lagos are Fraud – Lawmaker

Chairman, Committee on Lands and Housing, Lagos State House of Assembly, Mr Bayo Osinowo, on Thursday stated that a lot more than 60 per penny of the Document of Occupancy (C of O) in their state were fake.

Osinowo claimed that throughout a plenary treatment of the assembly.
He explained that the state's Houses Security Bill, 2013, which had scaled through the 2nd reading, would right the anomaly, if transferred into law.
The chairman stated that the proposed legislation would also always check other wrongdoings related to landed house possession and purchase in the state.
“In Lagos State, land is our key source; therefore, nothing is likely to be too much to protect it,“ he said.  Mr Sanai Agunbiade, Chairman of the House Committee on Individual Rights and Community Petitions, stated that the bill would look after brokers who needed landed house forcefully.

“The bill would prevent `Omo-onile` (indigenes) from exploiting potential customers before or throughout construction function, “ he said.
In accordance with Agunbiade, the proposed legislation would prevent anyone who, without lawful power, uses abuse to secure access into any landed property.

Mr Mudasiru Obasa (ACN-Agege I) recommended establishment of a particular judge to test persons who   would contravene the provisions of the proposed law.
He observed that the bill encouraged 36 months imprisonment or N300, 000 fine for offenders.
The private member bill has been committed to the House Committee on Lands and Housing along with the Committee on Individual Rights and Community Petitions.
The committees are likely to send a written report on the bill within a month. (NAN)
- See more at:

Thursday, July 4, 2013

Wednesday June 26th 2013 Real Estate Job positions in Nigeria today 2013

Real Estate Job positions in Nigeria today 2013


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Insight: Nigeria seeks farming revival to break oil curse

 Local News
(Reuters) - Down a rotating dust track in that sleepy community in northern Nigeria lies a corn farm which looks significantly just like the dozens that surround it. The difference is, this one is turning a profit.

"I will barely lift my 8-year-old. He's the fattest in the community," claimed Ibrahim Mustapha, 50, pulling fun from his other farmers as he pretends to lift up his puffy son.

The Babban Gona or "Good Farm" project, in northern Kaduna state, is among a handful where individual investment is supporting former subsistence farmers like Mustapha make gains for themselves and the companies backing them.

When President Goodluck Jonathan was elected two years ago, he pledged reforms that will transform the lives of tens of countless farmers who go on significantly less than $2 per day despite occupying a few of Africa's many fertile land.

Gas stays the key supply of foreign currency and state revenues, but agriculture is undoubtedly the biggest factor to GDP, getting back together 40 % of Africa's 2nd greatest economy.

With 170 million mouths to give and an increasing food import bill thanks to the disarray in the farming market, agriculture ministry officials say there is number time for you to lose.

If production doesn't improve Nigeria can experience a food disaster within a decade, its current bill surplus will be wiped out and the credit value of Africa's 2nd biggest debt issuer will be below threat.

"When we did nothing, it would be a problem," Agriculture Minister Akinwumi Adesina told Reuters in the capital.

"We do not consume gas, we do not consume it ... We can not sustain the quantity of income we use to import food," Adesina claimed, a Nigerian banner hanging behind his company chair.

In some cases, the imports replacement for things Nigerians are growing but can not get to advertise or lack the methods to process.

The country is the second largest farmer of acid fruit in the world after China and yet it uses $200 million annually on imported juice while a unique generate spoils, Adesina said.

Additionally, it generates 1.5 million metric tons (1 metric lot = 1.1023 tons) of tomatoes annually of which 45 % perish, while consumers invest $360 million on tomato substance imported from nations such as Italy and China.


To succeed, Adesina's reforms will need to reverse the inadvertent damage performed to the market by Africa's earliest and biggest gas and gasoline growth, which packed out different commodities.

In the 1960s, Nigeria was the biggest exporter of peanuts in the world and had 27 % of the hand gas trade. It remains among the world's prime chocolate growers, but creation and bean quality have dropped since their heyday in the 1970s.

While an elite allied to some military dictatorships grew rich on the spoils of the power market, countless primarily subsistence farmers received little or no help at all.

The effect: Nigeria is currently the world's next largest importer of grain and the biggest customer of U.S. grain, while much of a unique fertile land lies fallow. A flourishing populace has delivered its food import bill rocketing to about $11 thousand annually - comparable to greater than a next of the federal budget

Agriculture also offers the most effective possiblity to reduce unemployment, which bottles an Islamist insurgency in the north and gas theft in the south. Unemployment is 23 % and youth unemployment double that, national data suggest.

"Poverty is the source of lots of the uncertainty problems we have. A hungry person is a furious person," Adesina said.

The minister plans to create 3.5 million new jobs in agriculture and boost food creation by 20 million metric tons by 2015, the season of another national election.

To make this happen, he wants to boost access to microfinance for farmers and pull in $10 thousand of foreign investment into farming and food processing.

He has received tentative praise for early achievements from foreign diplomats, bankers and help agencies, but big agro-business tasks have yet to take off.

Adesina took a damaged fertilizer subsidy out of politicians'arms and now farmers are texted subsidy vouchers right with their cell phones so they can recoup from fertilizer sellers, a plan used in Kenya's farming reforms.

Seventy % of farmers now obtain subsidized fertilizer and vegetables, weighed against 11 % beneath the damaged plan previously run by state governments, Adesina said.


Production of grain, cassava, grain, sorghum, and corn are climbing and chocolate, Nigeria's most important move crop, appears collection to move up by greater than a next that season.

In 2012, agriculture exports rose by 128 thousand naira ($788 million) and food imports dropped by 850 thousand, Adesina says.

Foreign investors such as food giant Cargill, seed organization Syngenta, brewer SABMiller and Africa's wealthiest person Aliko Dangote are planning to construct everything from fertilizer plants to food handling factories.

However grain imports still absorb $7 million a day, while bad infrastructure and plan flip-flopping have previously seen farming potential wasted. Farmers needs infrastructure to get things to market -- and rural Nigeria's can be as woeful since it gets.

Nigerian billionaire Dangote has pledged to pay $35 million on a tomato substance plant in the northern city of Kano and $45 million in Corner Lake state to process pineapple juice.

Adesina claims he's received $8 billion in commitments but such claims tend to be not held in Nigeria. Cargill and SABMiller told Reuters they are just "considering" investing.

"I'd estimate that no several buck of expense actually occurs for each $100 of released commitments," said Fola Fagbule, an Africa-focused expense bank in Lagos.

A central bank effort has given assures on about 25 billion naira of agriculture loans as it began in July a year ago, lifting lending to the field to about 4 % of complete loans, from 1.5 % at end-2009, the lender says.

The Earth Bank is setting up $100 million into agriculture, while British and U.S. help jobs push in hundreds of millions.

This barely scrapes the $10 billion Adesina claims the field needs by 2015. Smallholders say banks however do not lend for them, while the system doles out inexpensive money to major firms.

"We have heard everything before and I have never observed it get better," claims Alhaji, a character wrestling with two scrawny long-horned cows pulling a rusty plough through a field.

"I've 15 kids and ... we barely get enough food to feed ourselves," he said.


A few success reports nonetheless give cause for optimism.

Farmer Mustapha claims he created $1,350 per hectare from his crop following paying back private company Doreo Partners, which goes the Babban Gona challenge, compared to previous decades wherever he might generate $200 per hectare.

"Today I do want to grow my farm, I've so much place I never used. Today I will send my kids to school," he explained, while behind him mainly unused farmland expanded to the horizon.

Doreo is working together with 600 farmers. It's ambitious ideas to improve that to 500,000 by 2020, and 5 million by 2030.

"I understand it looks ambitious but this has been performed elsewhere and Nigeria has so much easy-to-reach potential," said Kola Masha, the business's head.

Masha is trying to emulate big food cooperatives like CHS in the U.S. or India's milk franchise Amul, who make enormous profits while helping an incredible number of smallholder farmers.

He offers farmers high-quality fertilizer, vegetables, gear and experience on credit to hugely improve their yields, while negotiating with firms like Nestle to buy the make at higher rates compared to farmers could get themselves.

Farmers working together with Masha, he explained, are utilizing 40 situations more fertilizer than neighbors who could never afford that amount.

"It's early days but I'm more hopeful than I've ever been," he said.

($1 = 161.45 naira)


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.

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