he property market in Abuja, the Federal Capital Territory is poised for a boom with almost 2,000 political office holders and their dependants streaming there in the onset of a new administration in government.

A National Bureau of Statistics (NBS) survey finds that average household size is 5.9 and 4.9 persons in rural and urban areas, respectively.

It is assumed that most of the in-coming political office holders are urban dwellers. With the size of the average urban household at 4.9 it then implies that the said 2,000 office holders’ households comprise about 10,000 individuals.

It has been established though, that not those involved move to Abuja with their households and that those who do, often do not do so in the immediate.

An All Progressives Congress APC-led government was inaugurated on May 29, replacing the People’s Democratic Party ( PDP) that had been in government since 1999. With the change in government, a new set of people are expected to migrate to Abuja, representing the 36 states of the federation at the National Assembly and the Presidency.

Already, President Muhammadu Buhari has gotten the nod of the National Assembly to appoint 15 advisers. The appointment of ministers which will increase the number of appointees at the Presidency is expected to follow in succession.

Also, the eighth National Assembly debuts with about 309 new members from the 36 states of the federation. Of these, 76 are in the Senate, while 233 are in the House of Representatives.

Each of the new members is allotted five legislative aides who are to be employed to work with them. This translates to 1,545 aides but could increase if any of the 309 new members gets a principal position. A member occupying a principal position, according to the National Assembly Service Commission, is entitled to ten aides.

Sunday Adedeji, a real estate operator, says that with this number , huge demand is hence expected on the property market when the administration kicks to full throttle.

Despite the call for a slash in government expenditure and the anticipated cut in remuneration of federal lawmakers, the property market is in for a boom, at least for this year.

Operators who complained of stagnancy in the market prior to this period are now full of hope of a change, even with the tough talking new Nigerian president, Buhari.

Already, tmarket operators are getting enquiries about leasing or outright acquisition of properties in Abuja. Those that don’t have the type being requested are also reaching out to friends in the market for assistance.

“ We have been getting enquiries and meeting people who are in need of property for accommodation. I was busy throughout Sunday attending to enquiries and taking prospectors round the properties that we have for lease or sale”, said Adedeji.

He added, “Although they haven’t started paying up, they have shown preference for highbrow areas like Asokoro, Maitama and Wuse”.

A newly-built four or five bedroom flat in Asokoro or Maitama currently sells between N600million and N700million, while older ones go for a minimum of N400 million.

Likewise, a nine-bedroom mansion with gymnasium, suspended swimming pool, land mass of over 6,000 square metres, costs between N1billion and N1.5billion.

Buhari had complained of bloated government functionaries that have been a drain on the treasury pushing up overheads. Also the speculation to erase the position of junior ministers in the cabinet has pointed to prospects of a lean workforce by government at the centre.

A lean workforce and delay in the release of allowances for the new political office holders especially, it is perceived, could create a lull in the property market.

An outgoing lawmaker however told BusinessDay that the National Assembly members always find a way around such challenges.

“The banks are there to give out facilities, knowing that accommodation for the lawmakers had been monetised,” said the former member.

Some operators are however are not so lucky to be having such enquiries from the high networth lawmakers.

“The property market has been stagnant since last year. Politicians were cautious in investing because they don’t know what will happen when the new government resumes”, another operator said.

“Our hope now is on the new lawmakers coming but the jump expected will still be minimal”, he emphasised.

http://businessdayonline.com/2015/06/abuja-property-market-set-for-boom-with-new-lawmakers-politicians/#.VXq9lflViko Cc: lalasticlala

make i go buy that land for garki, before them go buy am finish

The lavish spending continues.

Unnecessary buying of cars for all law makers, buying of houses and spending on high priced prostis.

Politicians deceiving the masses since 1960

duara dullard won't allow the boom to happen

••• “ We have been getting enquiries and meeting people who are in
need of property for accommodation. I was busy throughout
Sunday attending to enquiries and taking prospectors round the
properties that we have for lease or sale”, said Adedeji.
He added, “Although they haven’t started paying up, they have
shown preference for highbrow areas like Asokoro, Maitama and
Wuse”.
A newly-built four or five bedroom flat in Asokoro or Maitama
currently sells between N600million and N700million, while older
ones go for a minimum of N400 million.
Likewise, a nine-bedroom mansion with gymnasium, suspended
swimming pool, land mass of over 6,000 square metres, costs
between N1billion and N1.5billion.
Buhari had complained of bloated government functionaries that
have been a drain on the treasury pushing up overheads. Also the
speculation to erase the position of junior ministers in the cabinet
has pointed to prospects of a lean workforce by government at
the centre.

We dey wait... Them go steal our money buy our property

Buhahahahahahahahahha

Baba do something

Is this supposed to be a great news?

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Hmmm

sell buy rent lease properties for free on http://www.evilla.com.ng

Wow

Like saying water will drop when it rains






ThefakeStan

In other words, the national treasury is about to bend over for a good a** f****ing

Ok

Really?

Allawee is going down. Oil prices have dropped. There is no money.

People should stop joking around.

Good! I have to sell some of my Abuja properties now.

However, in the spirit of
transparency and
accountability, I will also like to declare my assets.
As at 12th June 2015, these are my assets;

1. A 6 bedroom duplex at
Gana Street Maitama, Abuja valued at N1.8 billion.

2. A 5 bedroom duplex at T.Y Danjuma Street, Asokoro, Abuja valued at N1 billion Naira.

3. A plot of land measuring 5,400sqm2 at Jabi, Abuja valued at N358 million.

4. A shopping plaza of 80
shops at Adetokunbo
Ademola Street Wuse II, Abuja valued at N3.7 billion naira.

5. A four bedroom bungalow at Iyaganku GRA, Ibadan, Oyo State valued at N80 million.

6. Five units of three bedroom flats at Bodija GRA, Ibadan valued at N350 million.

7. A land measuring 5
hectares at Akobo Ojurin area of Ibadan, Oyo State valued at N400 million.

8. A nine bedroom mansion at Banana Island, Ikoyi Lagos valued at N5 billion.

9. A two story building
inherited from my dad at
Victoria Island, Lagos valued at N570 million.

10. A customized Rolls Royce Phantom valued at N100 million.

11. A Mercedez GL450 valued at N17 million.

12. A 2015 Audi Q5, 2014
Toyota Camry, 2015 Range Rover Evogue and a Toyota Prado Jeep all valued at N57 million.

13. GoldStraw Hotels (Wuse II, Abuja and Lekki, Lagos) valued at N7 billion.

14. GoldStraw Oil and Gas Ltd (Upstream and Downstream) valued at N93 billion.

15. Gold Straw Airlines (14 Boeing 747 aircrafts, 6 helicopters and 7 cargo
planes) valued at N42 billion.

16. Gold Straw Construction Ltd valued at N45 billion.

17. Gold Straw Real Estate
(Developers of GoldStraw
Estate in Abuja, Lagos, Port Hacourt, Delta and Akwa Ibom) valued at N85 billion.

18. Other GoldStraw Group investments valued at N22 billion.

19. A 24-karat Gold Rolex
Wristwatch valued at N24
million.

20. 8 million shares each in Zenith Bank, GTB, Access Bank, Conoil, Guiness, Nigerian Breweries and Forte Oil valued at N231 million.

21. A domiliciary account with name GoldStraw Group and balance of $15,436,244.14 at Zenith Bank PLC, Maitama Branch.

22. A current account with name GoldStraw Group and balance of
N52,348,521,441.98 at GTB branch, Wuse II, Abuja.

23. Personal savings accounts with Zenith Bank, GTB, Ecobank and Union Bank with account name Rumpelstiltskin
and total balance of
N8,541,234,112.63

24. One carton of expired
Kaduna weed supplied by
Theophilus. The value of this is priceless......Robbers beware!

25. Four Dobberman, Three alsatians, Two rotweillers and one local dog valued at N910,000

26. Two nairaland followers

27. 13 nairaland crushes

28. One gold plated English pistol valued at

29. A galaxy Note 4, Iphone 6 and Ipad 4 valued at N397,000.

........but no girlfriend.

I attest that everything I have declared is true. Any other asset found in my name outside of these was stolen and EFCC should act accordingly.

Thanks,
Rumpelstiltskin.

It is just a 50/50 chance of getting anyone now,the govt haven't started at all, everyone is waiting and watching.....

Baba won't CUT their salaries again

#WhereIsTheChange?