₦airaland Forum

it depends on ur definition of massive anyway

U can start by mobilising to stop him with the masses's only assault weapon, your Vote!

Eko Ile:
What is so massive about housing units on four hectares of land?

160 housing unit is not massive by your standards? From a local private investor ooh.

The development is a laudable one but Mehn, the pricing is scary. The government shd find a way to get involved in this. The govt cud provide /secure cheap land for the investors with an agreement on the final prices of the houses. So at the end of the day, the govt is not spending a dime from her pocket yet making available cheaper housing for Nigerians.

60 million naira
even an MTN worker at N350,000 a month and saving up 200,000 out of the salary (if that is possible). it wud take her 5 months to mk a million and for 60 Million, that has to be 5 x 60 = 300 months. 25 years.

25 years to pay for the house. that is if she suspends having children and focus solely on the house ooh. forfeit holidays, or any idea of changing her wardrobe.

No wonder even the religious and pious ones still dabble into theft and accepting bribery.


can GEJ help us out of this? has he got a solution to stem the high cost of housing for the citizenry ?

60 million naira to buy a house? thats 240 thousand pounds !!

na wa ooh, hope dey at all for people like me to own a own a house abuja ?  

God, into thy hands i commit my spirit

A Lagos-based real estate developer, Crown Realities, has launched itself into the Abuja real estate market with the construction of 106 housing units with state-of-art facilities.

It is located at Mabuchi District, which sits on about four hectares of land in the choice area of the nation’s capital city, comprises 16 detached four-bedroom houses, all en-suite with two living rooms and one room boys quarter; 18 semi-detached four-bedroom houses, all en-suite with two living rooms and one room boys quarter, as well as 106 units of three-bedroom luxury condos with one room Boys Quarter on same floor.

Chibuzor Darl Uzu, chairman of the company in a chat in Abuja, said the company is investing about N2 billion into the construction of the estate, located at Mabuchi District of Abuja which is to be delivered by April 2011.

"We are finishing the houses beautifully, if you look at these tiles, they are not the usual tiles people buy in the market. They were made for us from the factory. They were made in China, they are not the usual types people buy and sell in the market so if you import it to sell, it will be difficult for you because it will be expensive.

"All the things you see here are the real copy of finishing, when we chose those things we use them to do the model so we want a situation when you finish a house you

move in. what has happened in our business is that when people finish the house, they buy the house and spend another money to make the house to their taste. We don’t want that to happen."

Uzu said the intention of the company to create a community where people can live and be safe and equip the estate with modern facilities.

According to him, the cost of the houses ranges between N40 million and N60 million and that arrangements are been provided for intending beneficiaries to assess mortgage facility.

Other facilities provided at the estate include pre-installed air-conditioners; private water works with treatment plant; streetlights; dedicated transformer and full stand-by central power supply; recreational club, with swimming pool; 24 hour security patrol with Closed Circuit Television (CCTV).

Others are piped telephone, Internet and cable TV to individual houses; open plan estate with drive-in park; refuse collection and supermart.

He noted that the estate in Lagos is on a 50 hectares land. He unveiled the company’s plan to invest embark on several multi-billion naira projects.

Uzu disclosed that the company and Wen Group International, Thailand are working on various projects including the construction of 26 storey building along Aja-Lagos and five other multi-billion dollar projects.


http://thenationonlineng.net/web3/business/27980.html

bisiaet:
Their is a great lesson to learn here "I am so surprise to see an Ibo man as a commisioner in Lagos state I could not belief this now my fello Ibo brothers can we all see it now that this same yoruba people we hated so much offer an ibo a commissioner post please can we do that for any other tribe in this country holding such a post in any eastern states?Lets ask ourselves.

firstly who told u igbos hate Yorubas? igbos have disagreement with Yorubas but nt hatred.
then the commissioner issue, so a group that has been said to constitutes a good 35% of the economic strength of lagos, > 30 % of the population having only one or two commissioners is fair? i think not

btw, even in zamfara there is an igbo commissioner there.

PART ONE: Here I Am, Send Me! My Background
I believe that God has a purpose and a plan for everyone. From my very humble beginnings, it is only through the grace of God that I could have earned a Distinction grade at the secondary school; a B.Sc (First Class Honours) (Economics); an M.Sc. and a Ph.D (Economics) winning Departmental, Faculty and University awards as best graduating student at the University of Nigeria. I had cumulative four years of post-doctoral training and research in some of the world’s best institutions including the Brookings Institution, Washington, DC; University of Oxford, UK; University of Warwick, UK; Cambridge University as Smuts scholar; UN Economic Commission for Africa; the IMF Research Department, etc. I am a Fellow of the Chartered Institute of Bankers (FCIB); Fellow of the Nigerian Economic Society (FNES), and awarded Doctor of Science (D.Sc.) (Honoris Causa) from three Universities.

I was visiting Associate Professor at Swarthmore College, USA, and promoted Professor of Economics at the age of 38 (University of Nigeria, Nsukka). I lived and worked in Ethiopia, U.K., and the USA and travelled to 45 other countries before joining Government in 2003. As consultant to 18 international organizations (including the World Bank, IMF, OECD Paris, European Union, African Union, USAID, UK-DFID, ADB, IBM Consulting, USA; IDRC Canada; Chemonics International, USA; United Nations, UNIDO, ECOWAS, COMESA, CODESRIA, UNCTAD; AERC Nairobi) I garnered wide ranging experiences and knowledge. I was also the founding Executive Director of the African Institute for Applied Economics, Enugu. I have to my credit over 80 scholarly publications, 15 books, and over 250 monographs, conference papers and public lectures.

At the Federal Government (2003 – 2009), I held five substantive positions: Chief Economic Adviser to the President; Deputy Chairman/Chief Executive of the National Planning Commission (of ministerial rank by law); Governor of the Central Bank of Nigeria; Chairman, Nigeria Security Printing and Minting Company (NSPM), Plc; Founder and Chairman, Africa Finance Corporation (AFC), as well as membership of more than 25 technical/policy committees. These assignments saw us draft the Government’s reform agenda (National Economic Empowerment and Development Strategy, NEEDS); massively restructured nonperforming government institutions; rebuilt the CBN and NSPM; revolutionalized the Nigerian banking/financial system; set up a new international financial institution, AFC, and helped to steer the Nigerian economy away from the global financial crisis. For these accomplishments, I have been decorated with scores of awards, including being awarded the African and Global Central Bank Governor of the year, 2006 by the Banker (Financial Times) and the Financial Times of London has described me as “a great reformer”. The Federal Government has conferred the third highest national honour (Commander of the Federal Republic, CFR) on me in 2006--- in recognition of accomplished performance.

Recently, I have served as a member of the United Nations Commission of Experts on the Global Economic and Financial Crisis. Also, I have served as a member of the International Advisory Group for the UK- DFID, and still member of the 7- man Chief Economist Advisory Council of the World Bank. Immediately after completing my tenure of office as Governor of the Central Bank, I have accepted three international offers.

I served the Federal Government of Nigeria under two Presidents and below are excerpts of what each had to say about my services to Nigeria:

“Charles Soludo is a true Nigerian. He is the sort of Nigerian that we all know we can rely on. Among his numerous virtues is COURAGE. I have found in him a man who can take tough and realistic decisions, stand his ground, educate others on the salience of his decision, and work very hard to ensure that the decision is efficiently and effectively implemented. His dedication to duty is first rate. His leadership qualities are admirable and his willingness to listen and learn is simply infectious.
Professor Soludo has within a short time emerged as one of the leading lights of our nation. Not because he has a godfather but by sheer hard work, loyalty, dedication to duty, commitment to the nation, creativity, and undiluted association with the reform agenda, ”. Chief Olusegun Obasanjo, GCFR (December, 2004)

President Yar’Adua had the following the say about the CBN under my leadership:

“… the CBN has performed creditably well in delivering on its core mandates. This is especially even more so in the last five years. Most people would agree that without the successful banking consolidation and effective management of our foreign reserves, the current global crisis would have shaken the financial system and our national economy to their foundations with calamitous consequences”; President Yar’Adua (May 2009).

In the President’s letter of commendation after completion of my tenure of office, the President had the following to say:

“As your tenure as Governor of the Central Bank of Nigeria comes to a glorious end, I write on behalf of the Government and people of Nigeria to place on record our debt of gratitude to you for your dedicated service and uncommon sense of duty over the past five years. I am confident that your worthy antecedents in the CBN and in prior appointments in the service of our nation remain sources of inspiration to an entire generation. As I wish you even more astounding successes in the years ahead, it is my fervent hope that you will readily avail us of your distinguished service when the need arises in the future” (June 2009).

Jarus:
Both are good men. Soludo focused on strenght, Sanusi is focusing on ethics.

jarus please for the luv of Gid stop saying that, what mks sanusi strong on ethics ?
a person who waived 7 BILLION naira of saraki . that 7 billion who will pay for it ? 7 billion, about 1/4 of a BANK'S CONSOLIDATION REQUIREMENT.

A Tribalized Islamic zealot that sacked bank owners that were, yes, accused of misdirecting costumer's money and probably mismanagement.
what did he, sanusi , do?   he sacked them all and replace those position with 75% of societe general boy which are saraki boys. ( dont forget these same societe generale boys couldn't manage their bank and the bank went belle up!  yet sanusi picked them up from disgraced vitiated retirement and moved them to bank manager. three years down his chosen management and style those same banks are even in a direr state. the new uncommitted mangers has equally ravaged their various banks to point to collapse. union bank is bleeding. inter nko? did someone say wema?  

NOW, on the employment table ? is there any need for a debate on this?

on bank growth and expansion ? this sanusi has single handedly wreck the spirit of banking in Nigeria. the enthusiasm of progress has been sapped out of the system by sanusi and his Islamic ideas. no solidarity, no support. soludo was up and moving, makes himsef present at grand ideas, opening of international branches- i had seen him at UBA NewYork open day. that is the best support a cbn governor cud give to the banks. international financial agencies seeing the presence of CBN gov were convinced of the bank's undisputed credibility and seriousness.

Ikengawo:
anyone that says soludo is better then sanusi is ignorant.
when soludo was head of CBN it was a looters paradise,
nigerian banksing amounted to whatever bankers could steal before the took off to england.
one of my best frieds is a beneficiary to soludo era looting. Sanusi came in and his families looting ended instantly.

Sanusi has also won numerous international awards and revived the nigerian banking sector immediately during the recession when western nations couldn't even save theirs.

ezeuche please stop making it an Igbo cause. soludu stood out, his accolades and accomplishment are there to testify for him.


back to u , and who didnt win awards? soludo acceptance in the international field where so far and wide, he was included in the inner caucus of international monetary/policy makers.

Now, to what is on ground.

The fact that there were outright theft in the system by their custodian is not soludo's fault.
he said he did notice irregularities and he moved to checkmate it.

the banks had ill performing debt which were running into billion of $. in order to deceive the CBN the bank transfer their ill performing debt amongst themselves since they had different year end- date to declare their statements. . ie, if bank A has 20b$ debt and is to submit her statement today, she wud loan the bad debt to bank B there taken off the ill performing debt and declaring a stellar account with only profits (no trace of losses). after she has been cleared by CBN she goes back to Bank B and borrow bank that same ill performing debt + bank B's own ill performing debts. the next week bank B declares her statement and its also all stellar.

so what did soludo do?
he noticed it, and issued a decree, mandating all banks to have same end of the year dates and hence wud submit on same day. that was how the ill performing loans were found out.

how many where employed during soludo banking consolidation? 1000s
how many were employed during sanusi tsunami ? - 10000s

sanusi waived 7 billions of saraki's 8 billion debt. now tell me how much more corrupt can he get?  

during soludo Nigerian banks were mandated to have foreign partners to facilitated easier transfer of liquidities and equities. Hence  it took 3 days for a students tuition fees to get cleared vis bank transfer , NOW it takes about three - seven weeks.

soludo had a dream and progressive ideas to harmonise ECOWAS cash, he tried to loosely peg our naira to the $ to enable other ECOWAS to follow suit. he initiated it but was shouted down in his country while ghana acted on soludo's ideas, and now where is Ghana/ what is their inflation now (% reduction) compare to naija.

soludo encouraged the banks to diversify their portfolios, banks were getting into everyday lifes, owning cyber cafes, estates, building blocks of flats for lease and rents, even plans for refinerie, power station. our banks spread to liberia, seirre alone( nt sure of the spelling), mali, kenya, was spaning africa and the world indeed.

sanusi got in and cancelled every progressive expansive ideas, rather he doubled down on their licences threaten to make most regional banks.
regional banks ? who will now go to North East- least production and poorest. ?


sanusi has been there for 3-4 years now, what has been new abt him?
while during soludo, banks showcased new technologies and advancements almost every week. soludo simply fostered competition and growth.

tell me what has your man sanusi dione so far?

Kobojunkie:
Government provided the Land for free or on lease?

There are different models available; could be free as part of governments contribution to investment or a cheap government subsidized cost with an understanding that the end product wud be made cheaper for the masses.

the model of govt participation in this case, i dont know.

Kobojunkie:
Are those Government-owned housing units or private Housing units?

public private partnership. i bet the govt provided the land, the bank the funds- first bank in this case, the private company designed and built the structures

Gart3th, u seems to know more about this project than us, could u enlighten us on the location of this project, please?
what part of ptown is it in?
dey don start to dey sell the apartment?
is the project insured ? ( mk i laff)

for real, i would luv to buy a flat there. better than lagos. for me tho.

ShangoThor:
Damn, you're good, I just wanted to confirm that all of this is completely true, I know the house very well

what do u know?

For Christ sake, soludo is 1000th times better than sanusi.

take a look at that mallam, hey! that is actually his name, what has he done ?

A man devoid of any innovative, progressive idea- introducing Islamic bank.

A man without the slimmest of international reputation and clout. He has been trying to sell some of his induced-wrecked-banks since his tenure, how far ? Absolutely garbage, three banks and institution has so far been the only ones to indicate interest, guess who they are?
. A low level Pakistani bank, comparable to wema bank in Naija.
. A lebannese club, not even a banking society, abi micro finance.
. A south Africa bank.

Just imagine, does that not sound like an insult?

He has single handedly increase unemployment by over 10 %, being responsible for the policy that saw 10s of thousands of worker made redundant.
Imagine our beloveth union bank is in dire state, our big, strong, reliable is in comatose.

And surprisely sanusi is as corrupt as others; he cancelled 7billion out of 8billion of debts own by saraki. Why ? Becos saraki headed the lobby team that got him the job. How much more corrupt could one get?

the only virtue he has is his boldness. An Islamic induced boldness that doesn't know what to say in public and what shudnt. He wreck our fine institution with his loud mouth and primitive, tactless, inept ideas.

Islamic bank ko, juju bank ni


i cant forget back then, when Nigerian bank, yes Naija banks, dey compete for who sample pass for CNN. even SKYE BANK dey represent. AA+ rating,
BBB+ , AA-, AAA-. these rating might seem like nothing, a mere alphabets and signs but don't forget that Japan as a country has been at loggerheads with these same rating agencies abt her rating. japan is on BB- (flitch 2010).

could someone in portharcourt confirm this abeg, so i can start saving ooh

https://www.youtube.com/watch?v=Mcj3DJLUtNo&feature=related


http://rainbowtown.com.ng/RainbowTown3.html


take a minute to see what is coming to ptown

plappville:
Until when?And why??

Secrets can sabi sweet people ehh, wetin u wan hear? Lol

. . . And Who wil join u in that when u can't even spell what it is u want.

For Christ sake, do u people keep mentioning sanusi, what has he done ?
A man devoid of any innovative, progressive idea- introducing Islamic bank.

A man without the slimmest of international reputation and clout. He has been trying to sell some of his induced wrecked banks since his tenure, how far ? Absolutely garbage, three banks and institution has so far been the only ones to indicate interest, guess who they are?
. A low level Pakistani bank, comparable to wema bank in Naija.
. A lebannese club, not even a banking society, abi micro finance.
. A south Africa bank.

Just imagine, does that not sound like an insult?

He has single handedly increase umemoyment by over 10 %, been responsible for the policy that saw 10s of thousands of worker made redundant.
Imagine our beloveth union bank is in dire state, our big strong reliable is in comatose.

And surprisely sanusi is as corrupt as others; he cancelled 7billion out of 8billion of debts own by saraki. Why ? Becos saraki headed the lobby team that got him the job. How much more corrupt could one get?

^^^ why re u a fool?

what a world!!