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Why is property expensive in Lagos? Have you ever been involved in a conversation around this question?

No doubt, Lagos is the commercial hub of Nigeria and this is the reason its real estate sector has been an issue discussed in several fora, both home and abroad.

The number of housing units available in Lagos is not sufficient for the population. According to the Pison Housing Group’s 2019 report, the housing stock in Lagos is estimated to be 1.492 million units, while the United Nations put its population at 18 million people in 2019.

Below are reasons property in Lagos remains largely expensive:

Greedy Real Estate Agents: A lot of real estate agents in Lagos are notoriously greedy. A lot of people can actually afford to pay the rent of a house they’ve seen but imagine an agent asking for almost the same amount for agreement, commission, etc . Some deliberately deny people access to affordable properties for example you try to rent an apartment with a rent of ₦200,000 yearly an agent can demand up to ₦170,000 for agreement, commission, damages etc.

Inconsiderate landlords: Due to how desperate some Lagosians are, Landlords take advantage of this and deliberately increase the cost of renting their houses, landlords in Lagos know if you don’t pay for the apartment on time some other person out of desperation would pay for the apartment that might be too expensive for you.

Yahoo Boys: Have you noticed the reasons why agents increase agreement and commission is because yahoo boys don’t negotiate they just pay and move in. Yahoo Boys can pay for anything, I believe they play a major role in the high cost of rent in Lagos.

Location: Rent defer in Lagos, the cost of renting a 2 bedroom apartment is much lower than the cost of renting a mini flat in Ikoyi or Lekki but it can be worst when the cost of renting a 2 bedroom apartment in egbeda that is closer to the road or bus stop is more expensive than the ones that are inside the streets. Just add ₦20,000 to ₦30,000 inside your rent calculation

Structure of the House: The cost of renting a new house is much more expensive than an old house even if they are close to each other. The funny thing is the old house has a stronger design than the new house, for example, the plumbing work of the older house is much better than the new houses that are been built right now. One example is an estate called Goodluck Jonathan at Pipeline Isheri Igando Road, the houses look beautiful on the outside but the plumbing works , drainage etc is a mess

Too Many Prospects: A house can be viewed by more than 10 prospects in a day, this gives house owners and agents the perfect opportunity to increase the cost of rent and stand by it. They both know that one person would eventually pay, houses in Lagos go very fast. There is no first-come basis in Lagos real estate market, it is first to pay.

What is your take? Please kindly enlighten us with a comment below. Thank you

https://clytee.com/2021/04/29/why-renting-an-apartment-in-lagos-is-so-expensive/

ikllbrokehoes:
Make sense

like
lalasticlala

Was Reading nairametrics and stumbled upon this.
Very interesting isn't it

The world’s highly respected footballer, Cristiano Ronaldo collected about 770 Fan Tokens JUV ahead of Juventus’ match against Benevento on Sunday as a way of marking his record-breaking goal milestone.

It’s the first time a footballer has been rewarded with Crypto which is becoming prominent in terms of fan interaction into the world’s most popular sport.

Fan Tokens like $JUV permits Juventus fans to interact extensively with their football club and participate in various decisions through the Socios app.

https://i1.wp.com/nairametrics.com/wp-content/uploads/2020/10/Cristiano-Ronaldo.jpg?w=900&ssl=1
At the time of writing Chiliz the sport-based crypto, trading at $0.550926 with a daily trading volume of $1.07 Billion.

Chiliz is up 0.03% for the day and currently has a market value of $3.077 Billion.

The five-time ”World football of the year” would collect 770 JUV tokens – for each senior career goal scored, as reported by Spanish outlet Marca.

Football clubs are now using blockchain, to facilitate better experiences for their fans. Socios.com Fan Token partners include Juventus, AS Roma, Galatasaray, FC Barcelona, Atlético de Madrid, Paris Saint-Germain, CA Independiente, Apollon Limassol and esports organizations Team Heretics and OG.
Sigma Pensions

Chiliz, powering Socios.com, aims to give sports and esports fans the ability to crowd-manage their favorite teams, games, leagues, and events.

Nairametrics believes such partnerships with these football clubs via blockchain will open more economic opportunities and leverage the wider audience via collaboration with the industry’s global brands.

Dozens of more clubs are set to launch Fan Tokens before the end of the year, with many leading IPs from sports and entertainment also primed to join the Socios.com roster in the near future.

Meanwhile, the Portuguese footballer recently spoke on his future at the club amid the recent exit of his team from the Champion League stage;

“Now I can’t wait for the next games and challenges! The next records and trophies!
“Believe me, this story is still far from being over. The future is tomorrow and there’s still a lot to win for Juventus and Portugal!
“Join me in this journey! Let’s go!”

https://nairametrics.com/2021/03/22/cristiano-ronaldo-becomes-first-footballer-to-earn-crypto/

lalasticlala

Criminality has no age

Learn crypto trading through whatsapp and telegram follow link to get started
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Learn crypto trading through whatsapp and telegram follow link to get started
https:///KKumPbtZi85Ah2QxPus5aH

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While researching Cryptocurrency, I was able to see a list of Blockchain development companies owned by Nigerians they are doing very well and I can say am very proud.
A couple of them raised funding to expand their reach

Let us look at some of them

What is Blockchain?
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain

what is cryptocurrency
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

SureRemit
https://i0.wp.com/www.brandcrunch.com.ng/wp-content/uploads/2018/01/sure-remit.png?fit=640%2C313&ssl=1
SureRemit is a non-cash remittance platform. In plans to roll out its digital voucher system that makes payment easier and cheaper, the platform raised US$7 million via an initial coin offering (ICO).

Bitkoin Afrika
https://i1.wp.com/coinist.com.ng/wp-content/uploads/2018/12/download.jpeg?resize=266%2C190
Bitkoin Africa is Person-to-Person (P2P) cryptocurrency trading platform where users can sell and buy cryptocurrency from other users. Based in Lagos Nigeria, the startup solution caters to Nigerians in Nigeria who are interested in trading popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
Bitkoin Africa secured An Undisclosed Amount Of Funding From Microtraction in 2018


HouseArica
https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/03/Untitled-design-2021-03-12T155915.326.png
HouseAfrica is a PropTech company that enables people to buy shares in multiple properties across Africa and earn returns. HouseAfrica is a decentralized real estate and rental ecosystem. The platform offers management of construction supply chain from yard to development site for developers. Offers HAF tokens which are used to buy, sell, rent, manage properties and ultimately pay rent and utility bills. HAF tokens are issued on the WAVE blockchain under token standard.

BuyCoins
https://disrupt-africa.com/wp-content/uploads/2020/07/BuyCoins-Team-Photo-.jpeg
BuyCoins is a NG based company founded in 2017. The startup enables Nigerians to easily buy, sell and use cryptocurrencies, and has around US$7 million worth of digital cash traded on its platform each month. BuyCoins major investors are Microtraction, Precursor Ventures, Graphene Ventures and has funding of more than $120,000

Lalasticlala
Mynd44

Lalasticlala

see full list here
https://pwanmax.com/list-of-islands-of-nigeria/

https://i.pinimg.com/originals/c5/4c/7f/c54c7f77383b31fd3c3bab2aacecfb78.jpg
Islands conjure dreams of paradise: an escape from the rat race and a perfect patch of sand where you can relax under rustling palms and gaze at a serene blue sea.

But not all islands are created the same. The beauty of some is defined more by the sea that surrounds them, which can captivate connoisseurs with its crystalline clarity and thriving coral kingdoms.

Other islands feature luxuriant jungles and velvety peaks, and some enchant travelers with their cultural jewels. Whether it's sublime beaches, stunning topography, or exotic cultures you seek, these islands lie far from the workaday clamor but close to creature comforts.

https://pwanmax.com/wp-content/uploads/2021/03/12d1e2fd39116dcf67df6f7c0f647d8a-1024x630.jpg

What is an Island?
An Island is a land mass (smaller than a continent) that is surrounded by water. There are three types of Island: Continental Island; Oceanic Islands; and Tropical Island. Here, we are giving a list of the Major Islands in Nigeria that will help the readers for enhancing general knowledge.

There are parts of Nigeria closer to the water and provide for areas that have Islands. Places like Lagos, Rivers and other lower ends of the Niger-Delta with close access to rivers and oceans, allow for the natural or artificial formation of Islands. Some of the islands in Nigeria are included below:

Abagbo Island
[img]https://ibsfnigeria.files./2018/05/img_3259.jpg[/img]
Abagbo Island is the last island on the outskirt of Lagos. The island has been perturbed by its riverine area, which has caused less than stellar improvements in terms of modernisation and seemingly slow pace of development. The ex-governor of Lagos State, Bola Tinubu, took up a project to develop and modernize riverine areas like Abagbo

Andoni Island
https://i.pinimg.com/originals/ec/f4/79/ecf4794a48ce0fd4afd6f53d5a72aa10.jpg
Andoni is a Local Government Area in Rivers State, Nigeria. Its headquarters is at Ngo Town. It has an area of over 233 km2 and a population of over 311,500 at the last census.
The Obolo (Andoni) People, also known as Andoni tribe, is part of the proposed Obolo State. Obolo people are found in Rivers and Akwa Ibom States of Nigeria. They are the largest Ijaw sub-ethnic group with strong historical relations with Oron, Ohafia, Ogoloma, Ido and Ibeno people of Niger Delta in Nigeria.
The Obolo people, put together, occupies the longest stretch of the Nigeria Mangrove Coastline Belt which also houses the largest oil and gas deposits in the Gulf of Guinea. The Andoni people refer to God as Awaji or Owaji

Banana Island
https://prod-001.s3.amazonaws.com/media/articleImages/Banana_Island.png
Banana Island is a man-made island in Lagos State, Nigeria that is slightly curved in shape – like a banana. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate. The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi neighbourhoods.

Bonny Island
www.nairaland.com/attachments/411709_35612_1629753716207_1607538803_1460640_3472731_n_jpg6711a41ca0c8ad774830ff972cae2a0e
Located at the edge of the Atlantic Ocean on the Bight of Bonny, the island of Bonny serves as the seat of a traditional state known as the Kingdom of Bonny.
Bonny was founded by a priest king known as Ndoli. He (as well as his successors Opuamakuba and Alagbariye) were the leaders of the founding group of Bonny Island. The virgin lands and territories of the island kingdom were settled about or before 1400AD. Asimini, the fourth king (but the first one to be crowned), founded a dynasty that went on to provide most of the kingdom's monarchs.

Brass Island
https://thislookslikebayelsa.com/wp-content/uploads/2019/05/Twon-Jetty-View-Twon-Brass-Bayelsa-State.jpg
Brass Island is an island in the Niger Delta of Nigeria. It is the site of Twon-Brass, the head of the Brass, Nigeria local government area in southern Bayelsa State. It is known for the traditional costume of its inhabitants, heavily influenced by British colonialist’s Edwardian era outfits

Parrot Island Akwa Ibom
https://www.transindiatravels.com/wp-content/uploads/parrot-island-baratang.jpg
Parrot Island is a island and is located in Akwa Ibom, Nigeria. The estimate terrain elevation above seal level is 15 meters.

Ogogoro island
https://i.ytimg.com/vi/zEQ_M9YjZuo/maxresdefault.jpg

Gberefu Island
https://guardian.ng/wp-content/uploads/2017/04/pointofnoreturn.png
Gberefu Island also known as Point of No Return is a populated historical island located in Badagry, a town and local government area of Lagos State, South-Western Nigeria.[1] Symbolized by two poles slightly slanted towards each other and facing the Atlantic Ocean, the island was a major slave port after it was opened in 1473 during the Trans Atlantic Slave Trade era.[2] According to Nigerian historians, as many as 10,000 slaves were believed to have been shipped to the Americas between 1518 and 1880 from the island

Iddo Island
https://web.archive.org/web/20161020153202if_/http://static.panoramio.com/photos/large/57489542.jpg
Iddo Island is a district in Lagos Mainland LGA of Lagos. Opposite Lagos Island, Iddo used to be an island, but due to landfill, is now part of the rest of Lagos Mainland.[1] Iddo Island is connected to Lagos Island by the Eko Bridge and the Carter Bridge. Prior to the landfill, Iddo was connected to the Lagos Mainland by the Denton Bridge, named after Sir George Chardin Denton, former Lieutenant Governor of the Colony of Lagos.[2][3] Iddo is home to the Lagos Terminus and was the first and only place in Nigeria to host a tram service - linking Lagos Island through Carter Bridge.

Ikoyi
https://i.pinimg.com/originals/ab/7c/6e/ab7c6ef5b9f4a2d0a9c9c9ae89649e79.jpg
Ikoyi is the most affluent neighborhood of Lagos, located in Eti-Osa Local Government Area.[1][2] It lies to the northeast of Obalende and adjoins Lagos Island to the west, and at the edge of the Lagos Lagoon. Popular with the extreme upper class residents of Nigerian society, Ikoyi is arguably one of the wealthiest communities within Nigeria.

The area that makes up Ikoyi was originally a continuous land mass with Lagos Island, until it was separated from by MacGregor canal, a narrow waterway that was dug by the British colonial government. This canal has now been built over or filled so that the island is fused with Lagos Island once again. It has been called in derogatory terms as the "Beverly Hills by the slum" or the Belgravia of Lagos.

https://pwanmax.com/list-of-islands-of-nigeria/

get a new apartment
Cost of rent around Lagos
https://cotenant.ng/cost-of-rent-around-lagos/

yes in places like igando and axis
Cheapest Places To Live In Lagos
https://cotenant.ng/cheapest-places-to-live-in-lagos-for-nysc-corpers/

gobe
Land & Plots For Sale in Lagos
https://pwanmax.com/lagos-estates/

lol

Plot of lands for sale in Anambra
https://pwanmax.com/onitsha-estates/

eeyah

Lands and Plot for sale in Ota, Ogun State
https://pwanmax.com/ota-estates/

na wa

Top Private beaches in Lagos
https://pwanmax.com/top-private-beaches-in-lagos/

lalasticlala

yh

This list include real estate agents, builders, surveyors etc

Professional bodies and institutions are established for regulatory purposes. They decide, maintain, and regulate the ethics of practice and conduct of professionals in their respective professions. Below is a list of professional bodies in Nigeria with accreditation.

Many of these associations have directories where you can connect with real professionals and they regulated too

Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON)
https://www.esvarbon.gov.ng/wp-content/uploads/2019/12/esv_logo_dark.png

Determining who are Estate Surveyors and Valuers.
Determining what standards of knowledge and skill are to be attained by persons seeking to become registered as Estate Surveyors and Valuers and reviewing such standards from time to time for the purpose of raising them.
Securing the establishment and maintenance of a register of persons entitled to practice as Estate Surveyors and Valuers and the publication of the lists of such persons.
Regulating and controlling the practice of Estate Surveying and Valuation in all its aspects and ramifications
Performing the other functions conferred on the Board by the Act. The Board makes rules and regulations that guides the practice of Estate Surveying and Valuation in this country as provided from under section 16 (1) of the Act.


Real Estate Developers Association of Nigeria (REDAN)
https://i2.wp.com/redanonline.org.ng/wp-content/uploads/2017/09/redan_logo.png?fit=700%2C207&ssl=1
The Real Estate Developers Association of Nigeria (REDAN) is the principal agency and umbrella body of the organized private sector (public and private)

Nigeria Institute of Estate Surveyors & Valuers
https://niesv.org.ng/images/logo.jpg
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) was founded in 1969 by the few qualified General Practice Chartered Surveyors who were trained mainly in the United Kingdom. The Institution was granted government recognition by the enactment of the Estate Surveyors and Valuers (Registration Act) Decree No. 24 of 1975. The first Annual Conference was held at Ibadan in 1969. The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is empowered to regulate and control the practice of the profession of Estate Surveying and Valuation in the country. The Institution is affiliated to the International Real Estate Federation (FIABCI), Commonwealth Association of Surveying and Land Economy (CASLE), International Federation of Surveyors (FIG), Royal Institution of Chartered Surveyors (RICS), Association of Professional Bodies of Nigeria(APBN) AND The International Valuation Standards Council (IVSC).

Nigeria Bar Association
https://businessday.ng/wp-content/uploads/2019/04/Nigerian-Bar-Association-NBA.jpg
The Nigerian Bar Association (NBA) is the non-profit, umbrella professional association of all lawyers admitted to the Bar in Nigeria and a member of all statutory bodies that regulate the Nigerian Bar and Bench.The NBA is Nigeria’s foremost and oldest professional membership organisation and Africa’s most influential network of legal practitioners, with over 120,000 lawyers on its roll in 125 active branches across the 36 States and the Federal Capital Territory of Nigeria. It is organised into three practise Sections, eleven Fora, and two Institutes, all supported by one National Secretariat.The NBA is engaged in the promotion and protection of human rights, the rule of law and good governance in Nigeria. It has an observer status with the African Commission on Human and People’s Rights, and a working partnership with many national and international governmental and non-governmental organisations concerned with human rights, the rule of law and good governance in Nigeria and across the world.The NBA offers a unique National platform that is not available to any other Civil or professional organization in Nigeria.The NBA renews its leadership every two years when it elects a new President and other officials. The tenure of elected officials of the NBA runs for two years and is non-renewable.

Nigeria Institute of Quantity Surveyors
https://tribuneonlineng.com/wp-content/uploads/2020/01/Quantity-surveyors.jpg
The Nigerian Institute of Quantity Surveyors was founded in 1969 by a group of Nigerians who trained, qualified and practiced in the United Kingdom but who upon returning to Nigeria sensed the urgent need to develop the profession of Quantity Surveying in Nigeria by establishing a parallel body to the Royal Institution of Chartered Surveyors of United Kingdom.The Profession of Quantity Surveying is practiced in Nigeria along the same pattern as in the United Kingdom and other Commonwealth countries. In America, they are known as Cost Engineers. Quantity Surveying functions is carried out in other countries under a variety of names. Thus, the role is universal.

Nigerian Institute of Town Planners
https://nitpng.org/wp-content/uploads/2019/11/nitplogo1.png
The Nigerian Institute of Town Planners is Nigeria’s leading urban and regional planning body. The Institute exists to advance the art and science of planning for the interests of the country. The Nigerian Institute of Town planners was formed on September 5th 1966 by 30 pioneer Town Planners in Lagos

Nigerian Society of Engineers
https://nse.org.ng/images/nse/NSEHeaderReal.png
The Nigerian Society of Engineers is an umbrella organization for engineers in Nigeria. It was founded on 16 February 1958 by a group of young Nigerian Graduate Engineers and students in the United Kingdom and inaugurated at the Nigerian House in London.

Nigerian Institute of Architects
https://www.medianigeria.com/wp-content/uploads/2018/03/Nigerian-Institute-Of-Architects-1.jpg
The Nigerian Institute of Architects (NIA) was founded on the 1st of April 1960 as an association of independent professional architects with the aims and objectives of fostering friendship amongst members, cater for their welfare and establish mutual support and cooperation amongst them.

Nigerian Institute of Building
https://cms.dailytrust.com.ng/wp-content/uploads/2020/09/Nigerian-Institute-of-Building-NIOB-768x432.jpg
The Nigerian Institute of Building is the professional body for Builders and those who are about to be engaged in the Building Profession.

Nigeria Institute of Civil Engineers
[img][/img]
N.I.C.E is an acronym for the Nigerian Institution of Civil Engineers. NICE is a division of the Nigerian Society of Engineers, the umbrella body for all engineers in Nigeria. In an effort to promote understanding among members, the Nigerian Society of Engineers (NSE) encouraged the formation of Divisions along disciplinary lines. The Civil Engineering Division was approved in 1984 by the NSE Council. The mantle on nurturing and coordinating the activities of the Division fell on the Rev. Canon Engr. M. O. Akintobi FNSE, who worked very hard to scale through the initial hurdle of generating the interest of members in the Division.
In December 2001, the Civil Division was institutionalized by the common will of all Civil Engineers in Port Harcourt. Engr. Segun Adedeji then became the Pioneer Chairman. The head of the Division was upgraded to President at an Annual AGM of the Institution in September 2003, with Engr. Chief Adefemi Kila as the first President. The Division has since 1984 been steered by Past Chairmen who have contributed their best to ensuring appreciable growth. It is through their collective efforts that the Division has grown to its present status as a foremost Division/Institution of the Nigerian Society of Engineers.

Council of Registered Builders of Nigeria (CORBON)
https://www.corbon.gov.ng/public/assets/images/logos/logo.png
To promote excellence in the Building technology profession in all its aspects and ramifications, and influence Construction policies in Nigeria.

Association of Estate Agents in Nigeria
https://aean.org.ng/wp-content/uploads/2017/10/aean-site-logo.png
The Association of Estate Agents in Nigeria (AEAN) is an affiliate of The Nigerian continue reading here https://pwanmax.com/list-of-professional-bodies-associations-in-nigeria-related-to-real-estate-in-nigeria/

Lalasticlala
Mynd44

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please how much is this semester school fees for entrepreneurship second semester
how do i see my carry over courses so i can register them

preciousJnr:
UPDATE!!!
Registration of carryover courses is fully active

However, I'd advice you to wait till 2020_2 semester result is out.

please how much is this semester school fees for entrepreneurship second semester
how do i see my carry over courses so i can register them

please how much is this semester school fees for entrepreneurship second semester
how do i see my carry over courses so i can register them