₦airaland Forum

Wikidraw:
AVOID ANYTHING AGENTS!!!

I have resisted the temptations of jumping in until now,
Leave PH out of whatever you are planning. You want to put in your money only to get survey plan? Do Abuja or Lagos.

And before you pay for any land, avoid family land or community land.

Make sure you ONLY pay for a land with valid papers. i.e Governor's consent or Certificate of occupancy(which you hardly get in PH)

Verify the validity of the papers using a qualified lawyer by requesting for either consent number or C of O identification.

Verify also the validity of the land from the community head.

Make sure the sellers has an upto date tax clearance, else his annual tax bill will fall back to you when you initiate the process of changing the ownership.

Do it yourself. Avoid sending money to ANYBODY, take time out, come to naija and visit the land yourself.



NOW,

If you are interested in going into JVO, which I think is your best bet, considering your financial strength then,

Make sure all the aforementioned documents are also validated. All discussion must be done in presence of your lawyer.

All agreements must be documented, duly signed and registered in court.

Why the strong words on PH?did you have a rough deal there?

bebe2:
sounds tempting oo,

do u have any links for agents?

As for agents I dnt have most lands here are sold directly by families so U can speak to all of them at one go and negotiate. Most lands being sold nowadays where once farms.I was lucky as my wife lives in PH so it was a but easier for me.But yoy can use your inlaw as a contact but U gt to be on ground for these things to work Lagos or PH even in sambasi forest .

bebe2:
pls how is omonile in PH?

i mean area boys .

Same wahala like lagos boys but cheaper.I spent roughly 340-400k in all including approval

bebe2:
how much do they sell lands in thode kind of areas??

3 -5M

bebe2:
those are not family homes na, only single pple wud want to live in glass houses,

my boys dey chisel brick walls, hate to think wat they will to those glass.

Well true that.it's for starters. I only mentioned that as relivant to buy to let.people who are renting have next to no choice

As for you know no one hmmm that's a tuffy

bebe2:
i really like ph for a change, but i have only been there once in my life , spent 3days

i only have one cousin in law there, they are too rich to be bothered with my kind off budget

PH is well cool trust me.I live and.work in the UK. I'm gradually relocating and I have chosen PH to settle.I have already started building if you go fru my post on my profile u will see the diary of it.off the east west rd U can get 380 for a 2 bed less BP unlike Lagos lol

ecel:
Rent is good in England as your investment pay back period is shorter than in Nigeria BUT property appreciate more in some parts of Lagos than England. You have to pay Tax on your rental income in the UK unlike Nigeria that you may not declare anything to the govt. I can help anyone considering a mortgage in UK or an outright purchase.

Buy to rent now carries it's own risk I the UK. Ja e yoy seen those shiny flats in the docklands ?all empty and sealed up.

bebe2:
i actually have a property in that axis, in agbara, opic area 5, but the rent there is discouraging, 150k for a 2bed bungalow.

and the traffic there is a killer. like u said long term, it wud be worth it.

seriously looking at the ajah axis, it may even be suitable for me and the family wen we come visiting.

U can get 400k 2 bedroom if do e standard minimum 350.k in PH land bought at rate of 5M that range

bebe2:
okk, tnks

Try PH.good revenue less wahala

asuustrike2009:
we can carry out what we economist call import substitution

That's negative economy. right there 1 step 4 ward 10 step back

poseidon12:
Of course there are benefits. In addition to the points by @tonybarcanista, removal of the subsidy would ensure more transparency(less corruption in the fuel importation business) and would also reduce the incessant fuel scarcity. Government should have no business subsidizing fuel purchase for the rich who happen to be the main beneficiaries (with their fleet of luxury cars and suv's).
By the way, Saudi Arabia just slashed their own subsidy and increased price of petrol by 50% for its citizens.
Nigeria should have removed the subsidy long time ago. Those who opposed the earlier attempt to remove it under Jonathan were misinformed obviously.

Saudi u used as case sturdy have working and functioning refinaries Infact they export petrol not only that the subsidy they pay is in subsidising cost of production not cost of importation.this is what Nigeria should do even if they sell to us minus VAT we will be happy.Libya use to subsidise electricity for its citizens as domestic house holds pay next to nothing and comeracial pay just %50.Another good example is the UK govt normal diesel cost £1.15 but they subsidise it up to %60 to sell @£0.40 to farmers to be used in farm mechinaries their way of checkmating this not to be abused by other diesel rd users was to colour it RED.

zoogy2007:
Subsidy removal will allow the price of petroleum products to be determined by market force and crude oil price indices. It opens the market and takes it away from government control. Petroleum refiners will be free to set up refineries without the fear of government price control. This will make it quite attractive to potential investors and the issue of fuel scarcity will be no more. The down side to it is that you will be requires to pay more as oil prices skyrockets.

Even at low Oil prices we will never buy petrol at below N180 cos at the moment it's $1/lyre in the US due to cheap oil prices. If we use that rate we are talking N200. vat at %20 N220.so to answer the OP there is No gains for you.

don4real18:
Why don't you lecture them... Smh
In simple words, it's the money government pays to reduce the cost at which you buy petroleum related products... Subsidising was introduced when our refineries came to a halt and was supposed to be a short term programme while the refineries get repaired but politicians and several public office holders saw this as an avenue to milk the economy dry and have made sure that the refineries don't see the light of day but thank God for sai baba... Kaduna refinery is working perfectly

U guys will wake up and type from where the sun don't shine.did you end up telling the OP what he stands to gain and where the hell did you see KD refinary working?in your dreams?how did the crude get there bearing in mind we need heavy crude like the ones from venuzuella? Sometimes I think cheap weed is on the lose.

IamPatriotic:
I'm a Buharist to the bone, and I'll be very happy if this report turns out to be true because it will will reaffirm our belief in the PMB/PYO presidency.... I work in the budget unit of my MDA it's no hidden fact that the 2016 budget proposal was hurriedly prepared to meet up with the deadline and President Buhari couldn't have read every details.

I'm a sane world he should have the budget in place b4 elections. He should have studied Nigeria financial range and marked where it lacks. Stop making excuses for our leaders.they simply ain't fit to rule.

freedom96:
The guy in white looks like asari dokubo wannabe....jst imagine that asari dokubo was promising hell and whatever should gej loose,now he's as silent as luvly101 's compressed farts

When was the last time we heard of vandals from the creeks?in.latest news it's been people from O gun state.Ondo.so we know what language they speak. They are also known for 419 too.these group embarassing Nigerians since 1820

bfa:
Alot of factors can be responsible for this. First and foremost you need to go for a product that will be acceptable in Nigerian's market. It must be a product you believe in yourself. Ensure the product is bought cheaper, your bargaining power to buy it cheaper has a lot to do with your profit at the end of the day because you cannot negotiate the shipping cost. Ensure you buy from the manufacturer to get it cheaper and have the product customised for you.Cheap exchange rate is a big factor for profit making too.etc, etc

What kind of goods can U buy frm a factory in china for N100k? don't forget factory never have goods on ground they produce when you order.and they have minimum qty and deposit %30 well most of them

bobo65:
Wanted to say sometin I "persived" abt u ,but I'm sure someone else would have told u

Have a nice day!
Pls don't quote me

Kid go and play with ur mates.

We managed to fill the Duplex part as it is.now we unto the 1 bed and 2 bed. Flats

Still on the filling matter

phonesNgadgets:
Though I ship from US, but I believe I can still make a resourceful contribution.

For those of you who import from China, you will duff your hat,cap abi na beret you wear when you hear how much it costs us to import from US/Canada & Europe, if you are a mini-importer. In most cases, our selling prices are higher than those importing from China; but on a personal note, there is a way I go about it, which makes my prices be on the same level or even lower to that of China importers, and with added advantage of superior quality .

One thing is that I import high quality products ( Even those that were made in China meet US quality control standard) which gives me the confidence to add mark-up profit to my cost price and those who need the good won't resist it.

Secondly, I try as much as possible to import a lot of different goods at a time (even those things I need personally) to absorb the shipping fee. For instance if I buy footwear, watches, shirts; I may also buy radio,mini-speakers etc which have lesser weight and are lower in price. By the time the shipping fee is spread on all these items, the cost becomes lesser, which makes the unit prices of each good lesser to the local price or on a par.

Thirdly, I take my time to watch out for deal&offers on the websites I buy from. This gives me the advantage of buying quality products at a very good price. Bro, if no be dem shipping charges, customs duties and GTBank exchange rate, I for don acquire my own plot of land for Eko Atlantic City In this our importation biz.

But I bless Jah! We are doing fine. If I ain't doing fine, I won't get a local investor who has never met me face-to-face; and yet believed in my dream and invested in my business. This same importation business of course!

On a last note, I lay emphasis on the quality of the goods and the country of origin, which actually gives an edge.

Have you tried shipping fru barrels they term to be fixed cost in shipping whatever you fill it with.its £120 -£180 from UK to Lagos.

bobo65:
Y are u stressing on this?
Iv already said u r gonna sign papers
Must I give full details of what u gonna sign

I still say again, 15m na change

Did you not sign papers when your NYSC papers showed you was p/time student?plz focus in your youth service enjoy it while it last.cos after that 1ok alawee nah to get job wey go pay you 15M.

bobo65:
I say again 15m na change
U can stroll down to idioro Mushin n see for urself the amt of containers one person offloads

I never said I have more than u and I'm not arguing assets with u

There will always be documents to prove u paid money to the person

And such person won't close down his multi billion dollar company cos of Ur 15m

Don't be too quick too say negative things

From.what you are saying I can conclude you are a kid born after 1990.That's the mentality I'm persiving from you.when you grow older do your biz that way.Those people who transfer such sum of money already have letters of credit and MOUs. Plus guarantees. It did not start from one day.watch and learn.

bobo65:
15m na change bro

Enter idi oro Mushin in Lagos state and ask

Ppl send over 50m to a guy they havent met

Its all bout trust yo

And u can trust a Chinese man, but u gotta ask questions

For example , u wanna buy a battery, u gotta ask him if the "mah" encrypted " on the body of the battery is its real capacity, they will gladly tell u if it is or if its not

People who talk like you are those who do not have up to 100k in their bank and have never done any biz above 100.K.this is not about how much it's purely market principles. Chey U think say 15M nah beans?as U dey talk there can U send 1M to someone in Nigeria U never met?let alone abroad. U dnt know the chinese are the worse scammers

bobo65:
U don't have to goto China bro

U can know Someone that goes there n d person can help u with contacts

Or get an agent

I want to buy goods of 15M. You are seriously asking me to put my faith on some persons in china to source goods,seriously? ?

Vicky2k:
.................
That's true though i have seen traders who buy container load of goods yet have not been to china in person to buy large quantites from factories

Buying 20 ft container the owner must at a point been to China or the goods are standard.Some factories only do min of 50 per goods.

Vicky2k:
One must not personally go to factories in china to get cheaper prices for FCL Orders. That can be also done online with the help of a chinese inspection agent and also for mini importation, using 3rd party shipping agents reduces cost too

If your target is 2ok turnover then yes but if your target is 2 M turnover then it'd a good idea to go to China cos I discovered that quantity is a major factor in pricing in china.

Vicky2k:
One must not personally go to factories in china to get cheaper prices for FCL Orders. That can be also done online with the help of a chinese inspection agent and also for mini importation, using 3rd party shipping agents reduces cost too

If your target is 2 ok turnover then yes but if your target is 2 M turnover then it'd a good idea to go to China cos I discovered that quantity is a major factor in pricing in china.

engrshakespeare:
I hope they don't speak this your type of English >:

What kinda English are you on about now.I can't be bothered to proof read for the likes of you.

MRBrownJ:
if China good is indeed cheaper in Lagos then someone is making a profit by importing it from China (unless you think people in Lagos are selling at a loss?)....so, importing from China IS profitable, you just need to have the right connection.

the problem here is that:
A) there is different types of quality when you buy China goods. so an item could be made in 3 different quality and therefore have 3 different prices. in China there is the CHEAP version, the CHEAPEST version and the GREAT version of any product. so many people can receive a sample of the "great" version, and then be sent the "cheapest" version.

B) if you aint buying from the main factory directly then you will automatically be losing money. anyone who want to make great business in China needs to 1st speak Chinese and 2nd go to China to visit the factory and discuss prices. EVERY price in China needs to be bargained down directly with owners. YES!!! this is Chinese way of doing business, especially with "laowai" (foreigners). so if you are buying goods via some online brokers in Beijing (while the factory is deep within Guangdong province) then you will never make a great bargain because you will always pay middle men (only God knows how many).

C) if you only buy 10pieces of each products (each times) then you certainly wont get the best prices, you need to buy pieces by the thousands before the price can be at the bare minimum.

Great stuff you are the man.but let me.also add.most of these chinease people now speak English.to make same good diffrent you can ask them to brand them in ur name.I dis tjat when I went to their glass factory.

acorntree:
ive also being wondering how people make profit with the mini importation business.Not all products are cheaper to sell here. You have to do your homework very well. For you to make enough profit in this mini importation business you have to order large quantity of what ever you are buying and need to negotiate the price with the seller very well. note you have to be selective in what you order. for me I only order electronics components in bulk with free shipping and its cheaper than buying in Lagos. I've tried other tangible goods like electronics before but its always loses upon loses. if one is not careful one will just be working for the bank(with high exchange rate), the seller and alibaba.

U wont brake even ordering small quantities and goods on ground.U guys need to consolidate your orders .