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Property Developers to tread carefully on the property frontier in Nigeria

SEEMINGLY buoyed by the growing apathy by commercial banks to fund projects and impact of on-going reforms by the authorities, a fresh report has predicted that developers could be more cautious in property development as the market remains slow, and prepare for a shifting landscape.

The Lagos Housing Nigeria Newspapers Online Thisday Development Marketplace — 2016 Outlook Report by Residential Auctions Company (RAC) disclosed that «the next coming months and beyond will be testing times for developers as demand will probably be curtailed with clients cutting back on spending until a clearer image of the economy emerges to restore consumer confidence in the industry.

»It is expected that many of developers will tread carefully when embarking on new projects to start and location of pick is going to be a paramount factor. Also to hedge risks, developers will scale back on the size of jobs they embark upon and will seek to build up modest size jobs that can supply not more than three — ten units, that will instantly attract sales even in the off-strategy period therefore eliminating the incidence of baseless units waiting to be sold several months after end which will raise the price of keeping stock."

Given the current economic setting, the report projects that just a third of the 14,415 units now under construction will be delivered this year resulting in 4,325 units, «but unless developers can seek alternative funding asides from the commercial banks subsequently this amount mightn't be delivered.

»Some of these developments date back to over five years and there are several plausible reasons for the delay in delivery, among such causes could be a dearth of funds that may hinder the capability of the programmer to fund the advancement of the development or it may be a litigation case between parties involved. Typically it's usually the former that occurs and unless a supply of finance emerges until a solution has been found, the development will stay in limbo.

This may potentially present the opportunity for developers to pursue «Crowd funding» which is an alternative form of raising financing from several investors through an internet platform and is a relatively new concept."

The research says that 62 per cent of new housing units in the development will be delivered in the Lagos Island marketplace as demonstrated above. This should not come as a surprise since the Lekki- Epe axis still has a huge region of green field sites (undeveloped land) in Lagos.

«The future of this market appears pretty much intact as supply will continue to increase with demand and infrastructure is improved to attract more companies. We cannot categorically say that Lagos Island has more green field sites than Lagos Mainland or vice versa as there is no data to show or demonstrate this theory, accordinng to RAC Managing Director, Mr. Omorotimi Akinlose.

He explained, „Notwithstanding the reality that Lagos Island has the bulk of new components under going development, we cannot neglect or overlook that a few locations on Lagos Mainland such as; Ayobo Ipaja, Badagry and Okokomaiko also have vast amount of components in the development, an important impact of a few mass home schemes started under Joint-Venture (JV) arrangements and are still awaiting conclusion.

RAC report said: “With the ongoing rehabilitation and growth of the Lagos-Badagry Expressway and the construction of the Blue Line Lagos Rail Transport (LRT) mass transit transport system by the Lagos State Government (LASG), the Okokomaiko — Badagry axis part of Lagos Mainland has the potential to emerge as the next „Lekki“ of Lagos Mainland in the foreseeable future with reference to the delivery of new housing units in Lagos supplied infrastructures continues to improve along this axis.

»This may have a directive favorable impact on commercial activities in the positioning and will behave as a driver to lure more residents from some other locations on Lagos Mainland to migrate. The Blue Line is a 27km urban rail line which will run to Marina from Okokomaiko. There'll likewise be a Red Line which will run to Ikeja Lagos Nigeria News International Airport from Marina.

The report shown that beneath the Eko Atlantic City job, a Public-Private-Partnership (PPP) initiative involving the Lagos State Government and a private company South Energyx Nigeria Limited (a subsidiary of the Chargoury Group of Companies) under the auspices of the Federal Government of Nigeria, over 1,000 units of flats of various room sizes ranging from one bedroom to four bedroom penthouses are already under construction.

Leading the bunch of these developments are Eko Pearl Towers by ESLA International. Eko Pearl Towers are high rise residential buildings to be located in the centre of Eko Atlantic City.

It is going to comprise of five stunning residential towers on the seaport of Eko Atlantic. The towers are; Indigo Pearl Tower, Black Pearl Tower, White Pearl Tower, Champagne Pearl Tower and Aqua Pearl Tower. In total just somewhat over 560 flat units will be provided by the towers with one tower completely sold out and the very first pair of units is going to be delivered as early as 2016.

Another high rise development currently under-construction in Eko Atlantic City is Eko Energy Tower Estate being produced by oil and gas logistics company Orlean Invest West Africa a Nigerian group with over 25 years of providing corporate and real estate services. Eko Energy Estate is a premium residential neighborhood that will cover about 450,000 square meters of property and will be found in the Northwestern corner of Eko Atlantic City.

The initial period of Eko Energy Estate will consist of three high rise 20 floors residential towers which will provide about 260 apartment units of varied variety of bedrooms is likely to be delivered by 2018 and as exemplified above.
The Nation Nigerian Newspapers Online Today It's projected that by the full end of Eko Energy Estate there will be 5,000 flats in 50 — 60 residential towers.

Other prominent residential developments now in the works in Eko Atlantic City are LeReve Tower, Lagos Sky Tower and Azuri Penisula.

Nigerian Nigerian ladies are only with people identical Nigeria aiming and desire to be cherished and, like everyother lady on the planet
Caredfor, they've these same loose grasp on happenstance that is daily and conditions, not being hardly frivolous about
Lifestyle and intending a handsome person come these into impossible off their foot and could pop-out of the heavens
The associating, with obviously wealth «hey, fairly can I have|Go you off a mare pleaser and that is not a great type of character.
The human body perspective and languages. What does one declare once you meet a lady for the very first time? „hi, pretty can I have|Your body languages and attitude.

What Nigerian do you declare once you fulfill with a girl for your firsttime? INCHogene boys,

After you show the interest in it this Nigerian fraud escalates rapidly. Let's make an instance is cleared with by it.

Believe that you just get received a buy purchase to your company's product. Nonetheless, blatantly, the original get will not be huge; a sample order which is compensated having even a write or a bogus credit-card will be often started off using by the fraudsters. These importers that are phony can Lagos state appeal you, stating that they will be positioning a huge purchase shortly. Seeking at the big purchase, you'll deliver them the taste. After many nights, you'll receive an email expressing that your test continues to be accepted forsale and all you need todo is always to mail 500 U.S. pounds (often even more) to have you listed to business your items inside their state. Decreasing into lure you will ship the bucks regarding enrollment likewise. However, you won't get any order that is volume then, and you will not be able to contact the importers likewise. Simply, your hard earned money is finished!

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YUDALA, Nigeria's first true composite online and offline retail chain started in August last year, has added another important feather to its achievement, by coming out on top of a list lately assembled by world's leading internet search engine Google, emphasizing the top 10 trending Nigerian brands of 2015.

Gets the top brands, which kept the interest of Nigerians and found the greatest spike in traffic on a sustained period this past year.

According to Google, Yudala had made huge waves in the marketplace after the start of Yudala Online in August 2015, especially with its ground-breaking assurance to deliver purchases via drones. Reports of its first successful drone-powered drop-off in November had later kept Nigerians talking Naijapals for the remainder of the year.

Interestingly, Yudala is the only ecommerce outfit recognized by Google as there was no place for another brand in the sector on the list, with the likes of Smile Communications, Uber and Innjoo, among others propping up the list.

Speaking on the latest recognition, Founder/Vice President, Yudala, Prince Nnamdi Ekeh, reaffirmed the company's dedication and determination to take charge and set the tempo in the Nigerian e-commerce offline retail sector and.

«I am certainly delighted with the recognition we have received from Google, which will be one of the world's most popular and globally renowned outfits. It is a testimony to the hard work we've put in together with the sound strategies we have at Yudala in place.

»Just few weeks past, I'd mentioned in one of my engagements with all the media that Nigerians are yet to see the full scale of the Yudala Revolution. What is being unveiled in the moment is all about 20 per cent of the total package in justifying this and this latest achievement goes a long way.

«Right from the moment we announced our entry to the market late last year, we've got redefined the retail space with our landmark complex retail strategy — the first in Africa which has set us apart and revealed that Nigeria indeed has a lot to offer the continent and the planet at large in terms of innovation.

This effort by Yudala, coming within hardly five months of the existence of the business, will go a lengthy way in dispelling any lingering uncertainties about the dream of the visionaries to determine the brand assume leadership of African and the Nigerian e commerce market.

»I dare-say this really is only the beginning as far as we are concerned. We're working round the clock and putting in place the basis behind the scenes to ensure that Yudala becomes the undisputed retail giant in Nigeria and Africa. The 2nd quarter of this year shall explain our increased strategy for ecommerce in Nigeria," he stressed.

A UNITED Kingdom based Nigerian, Adebunmi Adeniran, has developed a computer keyboard empower and to support writing with tones and right signals to give instant meaning to the reader. The Computer Keyboard, known according to her, was conceived as an outcome of her zeal to ensure that Nigerian local languages are learned with ease so as to prevent the languages from going into extinction.

Adeniran stressed the invention was a product of a long and extensive research, which came out of her love for languages «The theory for NAILANGS started from the urge to discover a good functioning and stress free Yoruba keyboard to type in as using the characters in 'insert' mode was like surviving in the ice age!'.
»With NAILANGS computer keyboard, there's no need to change from one computer to another because once it's downloaded, one has the capacity to type in English and it can be made a bilingual because of the nature of Nigerians who typically speak higher than a language. With all the crucial, one is able to type the three official languages, Hausa, Igbo and Yoruba and other six recognised languages which are Effic, Idoma, Hausa/Fulani, Tiv, among others."

According to her, one of the reasons for her choice of keys is the amount of people in a unique ethnic and their fire to talk their dialect «such language is Urhobo people, they are quite passionate about writing their language, therefore I have incorporated their keys, although they may not be part of the so called recognise languages, simply because they want to do something with their language.»

NAILANGS computer keyboard, which will be virtual, is on all platforms for example Google Playstore, iOS store and Window (Desktop) for downloads.

Dissatisfaction was expressed by her in the rate where Nigerians now use their dialect as a secondary language rather than primary language. According to her, «Coming back to Nigeria from the UK in the last one month has been an eye opener, while the kids over there are itching to speak our languages, whether is Hausa, Igbo or Yoruba,I find it really distressing that I've come to Nigeria as well as the Children Lagos state are not being believed our own language.»

Movie distribution service iROKO President Muhammadu Buhari and Nigerian on-line television on Monday announced $19 million worth of new deals, including with French giant Canal, to improve operations and take up across Africa.

The deals for capital financing and content development come just weeks after US streaming giant Netflix enlarged to 190 nations, placing them in direct competition with all the Lagos-based firm.

«We're taking Nollywood content to Africa,» iROKO creator Jason Njoku told AFP within an e-mail, referring to Nigeria's domestic film industry.

«We have strategies to dub content into French, Swahili, Zulu — so we'll stand apart from Netflix in terms of localisation of content. We're not going wide and deep into local content.

»However Netflix entering into the African market is actually exciting, as it reveals the huge potential of the market. For all of us, we are flattered to be mentioned in the same breath as them."

iROKO, whose operation has been dubbed «the African Netflix», said in another statement it planned to make «at least 300 hours of original content in 2016, together with the anticipation of doubling that by 2018».

Cell phone use has exploded in the past few years in Africa and firms such as Njoku's have tapped in to increasing Internet access through smartphones and the popularity of Nigeria's film industry over the continent.

Nollywood is the world's second-largest film industry in terms of production, is estimated to employ some one million individuals and contributes 1.2 percent of Nigeria's GDP.

As portion of the deal that was new, Canal Overseas manager Jacques du Puy joins the iROKO board, the statement said.

The Paris-based company's chief financial officer Fabrice Faux said the investment would cause a «scale-up in French-speaking Africa, with clear ambitions along with the means to reach them».

Poultry farmers www.quellodellecasette.it in Plateau State are in for a tough time with all the revival of avian influenza (bird Flu) which has affected about 10 farms, with over 20,000 fowl destroyed and the farms placed under surveillance.

The Director of Veterinary Services, Plateau State Ministry of Nigeria News 24 Oct 2013 Agriculture and Rural Development, Dr. Doris Bitrus, verified to Channels Television that the affected companies have been depopulated and decontaminated to forestall the spread of the disease to other farms in the state.

The fresh cases of the disease were reported to the Ministry on January 8, 2016, which prompted the Ministry to embark on sensitisation University Of Lagos Nigeria News poultry farmers on measures, along with review of the affected farms to take on detecting symptoms of the condition.

Several of the affected farms fumigated and have been depopulated by the Avian Influenza Control Unit of the Ministry, so that you can lessen the threat of the disease.

Additionally they warned the farmers to adhere rigorously to bio-safety hygienic and measures within and around their farms and markets.

One of the affected farms, where about 10,000 fowl were destroyed, which has been in operation for over 30 years, is yet to recover from the devastating effects of the strike.

The Plateau State Poultry Association of Nigeria has urged farmers in the state to report any case that was innovative for further help and tests to the Ministry of Agriculture, to prevent the spread of the illness.

This socioeconomic dilemma of redundancy can be related to several and assorted causes. A number of the noticeable origins of the issue incorporate populace, educational curriculum, selection of length of analyze, negligence, avarice, govt policies, career elegance and authorities inadequate rendering of its job policies.

Nigeria will be the many brimming black country of planet. The figure is fit by the conducted census that is final at over one-hundred and fifty-million. in the country's labour force, more than 50PERCENT come within this large number. What this implies is the fact that you will see considerable drag for that minor available openings of job options available. This offers the response to exactly why a lot more than thirty-thousand Nigerian graduates turn-out for a task abilities check that WOn't take up to thirty prospects.

All of the graduates of the high schools have no invest economy since they don't possess any expertise to provide for change. This pattern takes the learners into the school. The school could be the worst because not only this it is theory based technique but most academics are actually unwilling to provide that principle. Students are coached computer science while in the class with no pc system that was single. Most kerbside technicians tend to be more skilful. An income guide that was real has never been viewed by your final yr Accounting scholar except the hypothetical types he sees within the publication. How do a product of the type of program not be unemployable?

Selection of length of study is. Several parents are inclined to pick their offsprings jobs without contemplating whether those their kiddies possess penchant for these profession simply because they in love. Some individuals may like to be comedians or musicians but that will be kicked against by their parents and force these for. At the end, when they emerge of institution, they so remain jobless and can not follow. Again, as a result of JAMB and its own relevant everyone difficulties, several learners end up studying the things they didn't mean learning initially. Several learners started with Sciences but they finished up learning an Art course because of programs 'wahala'. Nigeria is an economy that is developing. For that, not totally all procedures are not fully organic here. Anyone stay unemployed if you don't have a godfather someplace, if you study such lessons. I — can however remember when one former president of Nigeria was addressing many countrywide dilemmas on Stereo Nigeria and people were phoning him to inquire many inquiries. One dude named and advised them that he graduated in the college as well as for several years he had not gotten employment. The leader expected them what he read and they answered 'Sociology'. The leader instructed him regarding education him was wasted, that most the amount of money spent and provided a mirthless laugh. Though that professionalism isn't thus highly upheld in Nigeria you will find graduates of professions that are certain that cannot fit into Nigerian economy. This is equally contributed to by the elementary mentality of a increased portion of Nigerians. For example, somebody who offers several dilemmas, obstructions or challenges would prefer to visit an ancient doctor, pastor or prophet instead planning to a shrink.

Much more, another main reason behind unemployment in this state is the type and also the knowledge program of programs they work. From primary-school for the school, the course is more than realistic of idea. While in the eighties, primary-school pupils were expected to-do crafts; molding materials, building baskets, making performs along with other handiworks but to-day in public schools, they are requested to bring bathroom tissues as craft whilst in individual schools, they carry profit lieu of hobby. Consequently, after primary school, a of First College Leaving Certificate cannot do anything along with his or her palm. That of article primary school is nothing. The students are taught merely just how to pack books. An individual will be in a position to spend all the material of Ababio, S. IN.

Much more, several graduates are lazy to work. Existence that is effortless is wanted by them. They expect everything to return in a platter of platinum. Many of them are searching for white collar work wherever they'll simply remain under an air conditioning equipment, do minor and get paid. They'll retain looking till anniversary for that kind of job. A graduate was supplied employment as a storekeeper and he has the temerity to convey that cartons will not feel or organize. This means he's not but willing and lazy to perform. Some female graduates focus on placing their photos to all or any the social networking sites, courting and matchmaking sites on the net to forged their bait whenever they could capture a large seafood and learn. Nobody really wants to have the combination before sporting the overhead any further.

Furthermore, many students are also selfish. Many do not need to begin from the scuff. They want to allow it to be overnight. They considered that once one students from your college, they become super-rich. A lot of them simply discuss and examine about the Abigshots' within the society without taking available time undergo their pages or atleast for you to study their biographies. Should they do that, they will discover before coming to their existing placements that dozens of women and men have worked and offered in several capacities; equally large and low. Just after college, the eyes of these students are collection on Politics, Oil and Gas and Bank (when financial was successful), neglecting other reduced groups which are ready and willing to digest these. They all want to journey bizarre newest automobiles after 3 months of their work. This is mirage and utopia since jobs that are such are semi-non-existent now. Till kingdom come on awaiting them regarding that, many graduates could keep.

Modern and Okeke Biology to storage, you are a scholar that is vivid and smart. Zero instructor or no-one cares whether their sensible programs are known by you or not. Mine is Science without Technology; which is not useful. All-the older Industrial and Business Colleges that presented vocational lessons like trend, providing and designing and culinary abilities most include been became natural regular secondary schools as a way to join the craze and not run of being left out the danger.

Again, is bias and an excellent discrimination happening inside the labour-market now. Matters are not being helped by companies of labour in any way. Many people are prejudiced against about the reasons of era, type of certs, their sex and even tribe or race. Each females and men can do most office performs likewise? Do we discover an advert that goes such as this

Itse Sagay, a legal scholar, has denied ever granting an interview to the Nigerian Tribune to deride President Muhammadu Buhari's anti-corruption efforts.

Talking having a correspondent of SaharaReporters by phone from Lagos, Mr. Sagay, a professor of law, well known constitutional lawyer and head of President Buhari's advisory committee on anti-corruption, said he was shocked to read a report concocted by the newspaper, crediting him with sharp criticism of the present administration's anti-corruption strategy. According to him, the paper's report on his interview that was purported symbolized a desperate attempt to discredit President Buhari's anti-corruption war.

Mr. Sagay told our correspondent that he'd ceased granting interviews to the Tribune after the paper's editors had spun an interview he granted them in August. According to him, the paper's report of his August interview was tailored to match the devious plan of its own editors consequently his rejection of all efforts by the newspaper to speak with him.

The Nigerian Tribune is among the newspapers named from funds which were meant to fight with Islamist insurgent group, Boko Haram. The disclosure of a prevalent dole-out of money to media groups, such as the Tribune, has emerged as a member of a scandal involving former National Security Adviser, Colonel Sambo Dasuki (ret.), who is accused of diverting more than $2 billion budgeted for weapons.

Researchers have disclosed that several Nigerian papers received N10 million each in the slush fund overseen by Mr. Dasuki. At least 12 papers were paid in the fund through Nduka Obaigbena, chair of the Newspaper Proprietors Association of Nigeria (NPAN), according to investigators. Though the Tribune denied receiving the funds, following disclosures suggested that the paper's editors took part in a meeting where it was agreed the booty needs to be taken.

In dismissing the opinion attributed to him by the Tribune, Mr. Sagay said he had never met or spoken to the journalist who wrote the report, insisting that the interview was made up. He challenged the reporter and paper 's editors to provide the people using a tape recording of the so called interview.

The late Obafemi Awolowo founded the Tribune, and his family still owns the newspaper, which will be one of Nigeria's longest surviving daily newspapers.

Early this season, the Honourable Minister of Information and Emails, the erstwhile NAFDAC strongwoman, Prof. Dora Akunyili presented a task termed the re-branding of Nigeria which in a nutshell, despite every one of the large syntax, essentially had to do with altering the way we perceive ourselves along with the means visitors see us. Repairing our nationwide picture was a thing of urgency and pleasure in different to stress and emphasize our great things as opposed to the people that are bad. In case you ignore the undeniable fact good discuss. Pleasant towards the genuine Nigeria.

At 49 decades, Nigeria offers really arrive at stay. Requisite condemns you to co existence. The fact remains that the geographic enterprise termed Nigeria, never mind that people are but to attain nationhood and not may, at this price, offers coalesced into one solid structure around and within which many incredibly assorted tribes and world outlooks have tried to define a niche and take on each other for that methods accessible mainly in one geopolitical sector of the nation. There's turned out to be many, well, if not knowing, subsequently mere acknowledgment that individuals employ one currency and may all bring one worldwide passport.

Achieving it has not been straightforward. In Nigeria's unthinkable journey, there was a civil war battled as well as the physical entity known as Nigeria kept unchanged. Nonetheless, nationhood, which should really be the sign of any individuals that were critical, has continuously evaded Nigeria. Without words, this is owing to leadership that is, unimaginative that is weak. If it is not being outrightly kleptomanic, that is.

Shortly, in the sixties, Nigeria was one of the newly separate African countries that kept offer that is thus much available in Africa. Subsequently it fell for the scourge ravaging Cameras at that time, soldiers, who'd no trained in civilian administration needed electricity ensuring to fix items and wound up failing these. While in the results of the civil war emerged the gas increase. Like a state economic energy of crude oil because of large stocks within the swamps of the area where in fact the Niger Stream flows to the Atlantic through numerous tributaries, a location today referred to as the Niger place Nigeria surfaced. According to a scalp of state then, Nigeriais problem wasn't money but HOWTO expend it. Then proceeded to put requests regarding concrete in levels that might include pleased many industrial and industrial demands for approximately 22years! She then decided to pay the earnings of impressive personnel in a nearby African country, because the difficulty in Nigeria was just how to speedily expend her assets no matter years unborn!

After that emerged of what appeared to be principle, at the very least the return a civilian authorities was there. And with it swiftly came the austerity measures designed to yank the economy out from the hardwoods where it has been repeatedly raped by subsequent military plans virtually to dying. But again that test that is private didn't last the soldiers could not wait any longer for his or her share in Nigeria or since often the civilians got too greedy. They're stakeholders, too, afterall. During nicely to the nineties, troops occupied Govt Residences, identified currency exchange prices, established economic locates and manipulated educational coverage! Tutors, medical doctors, economists along with other pros remaining the nation in droves. The united states seemed forlorn, trapped by darker allows (and darker goggled ones, too), abandoned by her people who fled to exile for their existence, pariahed in global groups she previously received commanding effect. Nigeria became a bad, desire that was horrible until divine input emerged in the kind of an apple.

Then got the most recent try in private principle (not democracy, thoughts). From 1999 till day, Nigeria Punch Newspaper Headlines has had of experiencing inflicted about it, one of the inept and tainted rulership in published record, the single misfortune. It is a many impartial view provided the size of means offered to it and also the attribute of both the nation's constitution and also the political society which gives and permits the president of the country own massive virtually unheard-of forces, powers Suharto possessed in Philippines and arranged that country to the way of Industrialization.

This bird's eye view of the politics background in Nigeria searches for judges and a trustworthy historical perception its key individuals rather harshly. Large brigandry that was political and crime have now been governance's bane in Nigeria. Given material and man assets in Nigeria's scale, it is just prison for the Nigeria state's dispatch to flounder thus alarmingly especially in issues any nation that is serious need to have settled ages before. In Nigeria, we however examine and tear-out our tresses over problems like power and no stop and credible elections looks in sight for the quality of the basis rocks of any modern democratic society. Issues serious-minded places like our sis Ghana have taken the shelf off nevertheless sort the sole menus of national discourse. I ponder how whenever they meet, several found and past community office holders manage to look their foreign brethren while in the eyesight. A good individual could perish of disgrace! Not our politicians. That people mindset of experience ashamed of failure that is wilful is totally strange to them. This is exactly why one might find the few guilty politicians in our center nevertheless carrying impact specially.

The very notion of rebranding presupposes there is available another less desirable model of whatever item seeking to be re-presented to the world. As evidenced above, the Task, until now, just smells. St. Jerome, thinker, mentioned «s Cameras concept has brought journey. (Only in Nigeria could you see a politician on demo for corruption, elevating his forearms and recognizing regards from audience hired to play his praises like some freedom fighter!). The hurt the politician has been doing to our suggestions of good and bad is just unquantifiable. Of course if there are a people definitely what they feel, then brazen acts of infamy determined by our politicians against the Nigerian condition have effectively wrought from situation your Nigerian image.

The words of Pyotr Chaadeyev calls to mind the Nigerian politician „making it in existence