₦airaland Forum

DropsMic:
Land grabbers

When there’s a conflict anywhere, any country you see the US and UK supporting, just know that they are the aggressors

So Ukraine invaded Russia?
Think before you type

#COPIED.

From my inbox :

Will Nigerians Allow policies to Work?

My experience yesterday at Fistbank, oba Akran,Ikeja makes me thinking. I was there yesterday to collect a few dollars sent into my domiciliary account by my son am helping to supervise his building. I was at the bank to collect 3.5k dollars but was told that they have only 5dollar bills.what can I do with that and who will change it for me? I asked the lady at the desk when they will have for me to come back or can't the bank change it to Naira for me since they are expected to buy and sell according to what we heard. She said she doesn't know but why can't I transfered the money to a bureau de change that will give me the naira equivalent. I said I don't know any? Immediately a man strategically positioned beside me said he owns one and that I should transfer to his acct and he will transfer at 850 naira per dollar to my naira acct Immediately. I was afraid but to my surprise the lady at the counter assured me that I will not be duped, that i will receive the alert immediately. I quickly reduced the amount to be collected to 1k incase there is problem. Within 5minutes the transfer was done.
Why my story? I think the intention of government is that the bank should buy and sell dollar so that exchange rate will not be left in the hands of speculators. Why are banks officials now using intermediaries to decide exchange rate instead of their normal bidding with central bank?. The man is always sitting comfortably in the bank making deals that does not have receipts on behalf of corrupt bank officials. With this, It might be difficult to have single exchange rate with all these underground deals. Definitely dollars will continue to be on the rise this way. Government always have good ideas but implementation is the problem because of our greed and less respect for laws. PBAT will now be labeled wicked because what is expected to be achieved will not be realized.
I hope this post will reach those concerned and banks should be monitored.
Thanks

BEST LANDS FOR INVESTMENT IN LAGOS

The Last Cheap Lands In Lagos

Lagos state the premier state in Nigeria is economically number 1 and argueably the most populated state. Due to increased population and increasing rents, a large number of people have been moving out of Lagos to Ogun state. Ostensibly for lower cost of living reasons. But Lagos is still having great investment opportunities, and economic advantage. Likewise it has certain places available to make tons of money from through Real Estates Investment
While there is shrinking business opportunities in many states in the country, for Lagos such is not the case. Lagos also has a lion share of foreign currencies remittance form the diaspora and this is fueling the Real Estate Sector like never before. Lagos remains the best place for land and property investment followed by Abuja.

To appreciate the cheap lands, there is need to know the current price of land in different parts of Lagos. This knowledge will help us make informed decisions. The prices below are majorly current while a few may be a bit below current prices.
Understand from the beginning that anywhere that has a low price is always a new site or new estates curved out of the bush along a major road or off a major road. There are no low prices in developed places.

My selection of Cheap lands is from the perspective of the higher low income & the middle income earner.
The perspective of the high income earner cheap land would be addressed another day.

PROPERTY OWNERSHIP FOR SALARY EARNERS & PROPERTY INVESTMENT MADE EASY

A wonderful day to all Salary Earners Property Investors in the Forum. May we not die poor by God's grace. There is an issue that does not seems right to me. The issue is that majority of salary earners can not boast of a parcel of land be it quarter plot, half or full plot. This is a great minus on the live of the multitude of middle income persons in Nigeria.

No doubt a stagnant pay with increasing inflation contributes greatly to this. But a lack of relevant expertise or information on Properties and Property Investments have robbed salary earners in dreaming of their own Properties. Some even think only high income earners and Nigerians in diaspora can invest in properties.

This is true to some extent but there are different levels of entry point for everyone. What I'm revealing in this articles (they are in five parts will bring high returns that a wealthy investor will salivate at. Follow me for the next few weeks and you will agree it is so.

To address this and open the eyes of educators today (what you can see is what you can get. With sight, you will be able to do the needful to get it.) You need to see the opportunities around you before they are gone. To this effect I have written this article. While it is focused on Lagos state, you can benefit from the information if you are not in Lagos and you can ask questions. I will be willing to answer them as soon as I can. You Will Make It, and be a property owner by God's grace.

*Benefits of Being A Property Owner*

1. Appreciated property over a 10 years period or more is th best insurance you can take against suffering financially in your old age.

2. Property investment gives a better yield than savings/investment in equities and shares or bank deposit. So without struggling or working to exhaustion, you have an investment that will give better than your gratuity and pensions. A ₦1m naira investment of today in 15-20 years time may be worth over ₦40m. Alero City in Epe was first sold at ₦5m and ₦6m, 3years ago. Today it is ₦20m and ₦25m with new estates beside it having better facilities going for ₦25 - ₦30m/plot

3. By investment in properties, you have saved appreciably for the rainy day

4. You can set up yourself/children in business with an amount you could only dream of; at or before your retirement, if you have earlier invested in properties

5. Property investment is save and secure. This is where I come in. I will help you invest in estates which are secured on land that government will not acquire and where no villagers are going to come and sell your property to another after eating your money. In an estate, you can fence and keep undeveloped for decades and no one will sell your land.

6. You can get monthly/yearly extra income if you develop your land into a house and the value will appreciate much more than if it is land alone

7. You also get back your capital with continuous profits from rents, while your property continues to appreciate.

To help all salary earners of the nation, I am giving free consultancy to Low Cost Lands in Lagos as an article in this forum. There will be several parts to this article to prevent information overload.

Best Regards
Jimi Mudasiru
CEO JimiKing Properties
Gbagada Lagos