₦airaland Forum

sylvalord: owk sire i admit i was wrong.. 2day is sunday and i wish to keep it holy.. I'm sowie 4 insulting u.. Am i 4given?

And BTW I'M NOT TRYING TO PORTRAY U IN BAD LIGHT

Ok, ok! Apology accepted. Read your books o! Medical laboratory science is not moi moi.

Emzybrown: sylvalord 2 vs 4 marvelling 75mins

Lol

www.news.yahoo.com/analysis-nigerias-property-boom-only-brave-080448232--sector.html?.tsrc=yahoo


By Joe Brock
ABUJA (Reuters) - On one of the most exclusive
streets in Nigeria's capital sits a crumbling
mansion with an unwelcoming message
painted at its entrance: "BEWARE! THIS HOUSE
IS NOT FOR SALE".
The warning refers to a popular property scam.
In the most elaborate version, robbers break
into your house while you are away, change
the locks, and then produce multiple copies of
fake title deeds. Posing as estate agents, they
show buyers around your house and sell as
many copies of the deeds as possible. When
you get back, your house belongs to six people.
This sort of deception epitomizes the tricky
nature of Nigeria's real estate business, but
despite the risks, there are huge returns to be
had in a market where around 16 million
homes are needed just to meet current demand.
Navigating through opaque land laws,
corruption, a lack of development expertise
and financing, a dearth of mortgages and high
building costs will take courage and influential
local partners.
"There are sizeable challenges to overcome but
in many ways Nigeria represents the perfect
storm for real estate investment; huge
population, rapid urbanization and a growing
middle-class," said Michael Chu'di Ejekam,
Director of Nigerian Real Estate at Actis, a
London-based private equity firm.
Actis has $5.2 billion under management,
including two sub-Saharan Africa real estate
equity funds totaling $434 million, which it says
are attracting U.S. and European investors.
Nigeria's population of nearly 170 million is
bigger than Russia's and its economy is growing
at 6 percent, a combination which is producing
a new wave of property buyers from bankers
and airline staff to mobile phone and fast food
shop owners.
"I see demand from the middle-class higher
than ever before," said Deolu Dara, Associate
Vice President at Nigeria-based Avante Property
Asset Management, which manages several
multi-million dollar residential projects in
Lagos.
A successful real estate investment in Nigeria
can earn an returns as high as 30-35 percent,
while rental income yields in cities such as
Lagos and Abuja can easily reach 10 percent,
developers and estate agents say.
MIDDLE CLASS
Property in Lagos, a heaving metropolis of
around 20 million people, can be among the
most expensive in the world with two-bedroom
flats costing more than $1 million in upmarket
areas.
However, the top-end range is dominated by
well established players and developers should
target middle-income workers in major cities,
such Lagos, Abuja and the oil-hub Port
Harcourt. The most popular units fall in a price
bracket of 20-35 million naira ($123,000-
$214,100), developers and estate agents say.
Nigeria's middle class make up around 23
percent of the population and earn around
80,000- 100,000 naira ($490-$610) per month,
according to report by investment bank
Renaissance Capital.
In smaller cities and rural areas, a lack of
information about land and regulation is off-
putting, while a violent Islamist insurgency has
made the north of Nigeria unattractive, despite
huge unmet demand in cities such as Kano and
Kaduna.
The majority of Nigerians live in poverty in
shanty towns or in basic concrete block and
iron-roofed houses they have built themselves,
but building mass housing for the poor is not a
popular investment.
"If you know the market, the people, focus on
middle class and cherry pick your deals, you
can clean out," added Dara, who said Africa's
biggest oil and gas industry is also driving
demand. One foreign oil major bought 300 flats
recently.
Nigeria's construction and real estate sectors
are growing at more than 10 and 12 percent
respectively, a boon for foreign and Nigerian
construction firms, including UPDC, Cappa
D'Alberto and Julius Berger.
Yet, there is still not enough quality affordable
housing because business is frustrated by
widespread corruption, poor state
infrastructure and a lack of expertise and
financing.
Constructing a block of flats costs three times as
much in Nigeria than in South Africa, builders
say, and many developments are abandoned
when projects run out of money or become
slums because they are poorly built.
London-based estate agent Jones Lang LaSalle
ranks Nigeria 96th out of 97 on its transparency
index, just in front of Sudan but behind six
other African countries.
Having support from powerful politicians or
business magnates will help to avoid terminal
financial pitfalls.
LOCAL PARTNERS
"It's a business that requires local partners and
local knowledge or you'll run into problems,"
Dara at Avante says.
Avante's chairman is Wale Tinubu, the head of
oil and gas firm Oando and a close relative of
former Lagos state governor Bola Tinubu, who
still wields influence there.
London-based Actis has given directorships to
Nigerian energy firm Seven Energy and local
conglomerate UAC.
Once the supply challenges have been
overcome, there remains a problem with that
huge latent demand. No mortgages. Unless you
are willing to pay a 25 percent interest rate.
The mortgage debt-to-GDP ratio in Nigeria is
under 0.5 percent, compared with 72 percent in
the U.S. and over 30 percent in Malaysia and
South Africa, government figures show.
"In places like America you seem to be able to
buy property without a stress but it just isn't
like that here," said Ike Ejekam, 31, who is
about to buy a newly-built two-bedroom
apartment for 20 million naira in a gated
community in the popular Lekki district on the
Lagos peninsula.
Ejekam represents the new breed of buyers
who expect well-built housing with all the
modern conveniences. He works at a branch of
a local bank and is using his life savings and
funds borrowed from family members to buy
his property outright.
"I don't like to think about mortgages because it
scares me when I see how difficult it is for my
friends to get a loan."
Nigerian banks don't like giving out mortgages
because reliable information about buyers and
land is scarce, while there is no secondary
market to offset the risks.
MORTGAGE DENIED
The government says it is trying to fix this by
securing a $300 million loan from the World
Bank to establish a mortgage refinancing
company, which should free up some bank
lending.
A Federal Mortgage Bank was also launched
this year, which government hopes will help
build 500,000 new homes. The bank plans to
float a 200 billion naira mortgage bond, the
proceeds from which can be handed over to
home buyers with the state guaranteeing
against default for five years.
The government is also discussing passing
legislation to create a secondary mortgage
market and to improve land laws.
"With this sense of urgency we could have a
significant improvement in the mortgage
market by 2015," United Bank for Africa CEO
Phillips Oduoza told Reuters.
This optimism is also being felt by developers
as dozens of well-financed projects are
underway, including the Eko Atlantic City - a
multi-billion dollar project built from 9 square
kilometers of land being reclaimed from the
sea in Lagos.
The billionaire Chagoury brothers, who are of
Lebanese descent, are leading the mega-project,
which will feature parks, swimming pools and
skyscrapers with floor-to-ceiling glass. Banks,
including France's BNP Paribas, Belgium's KBC
and several Nigerian lenders are on board.
In Abuja, UPDC has started its 228-unit 'Metro
City', which consists of well-designed blocks
with balconies built in palm-fringed private
compounds. Privately owned Churchgate
Group is building its ambitious $1 billion
World Trade Centre, a series of skyscrapers
housing offices, flats and upscale shops.
"Nigeria is a huge real estate opportunity," said
Ejekam at Actis. "The story is getting out,
slowly."

news.yahoo.com/analysis-nigerias-property-boom-only-brave-080448232--sector.html?.tsrc=yahoo

Nafdac is actually alive and well. Many people think the function of nafdac is just to get rid of fake drugs, they are not really known for checkmating the excesses of the food & beverage industry in nigeria. I'd say nafdac is doing a good job under the present administration in comparison with SON which we never hear anything about.

Hahahahaha!!! @slyvalord in your desperate attempt to protray me in bad light you have shown that you are a big Fo0l!!! You not only modified the title of the thread but you deleted the initial post you made. M.U.M.U you forgot that i and other individuals already quoted you. You have fish brain smh for you BIG SHAME!!!

@slyvalord you called me a nairaland addict. I just took a second look at your profile. You actually spend more time on nairaland than I do. I just pity you. The nasty attitude you displayed shows you won't really go far.

Emzybrown: Oga marvelling was up? Your boy is waiting to write internship exam placement, do you have idea what i should expect> maybe the test format?

Expect questions on everything you should know (at least that's what i was told)

sylvalord: first of all.. D above post is d description of u and all dat is urs... u r nothing but a scum.. A boastful retard who's gat nothing to boast of.. What makes u think u r better than me? I'm 10 tyms better than u.. U claim i don't portray what my profile says abt me? U lie.. I earlier on asked u guys to 4give my naivety and overlook what i said because i was jst exercising my faith when i said it.. But no! U decided to continue pokenosing in matters dat dnt concern u.. Hw many tyms do u think i come online? Do u think am a NL Addictee lyk u? U av no right to judge me.. So mind ur business..

haha! go and read your books son! Stop coming online to post RUBBISH! Its unfortunate that you are too Stu.pid to accept advice even after asking for it.

levis2kk: Stop spreading false information. Indomie does not contain BHT and BHQ. Where did you get such a false information from? People should learn to be objective and honest. What additives does Indomie use that SON, ISO and NIS not approve or accept? Go get your facts well. If you know what certifications and standards Indomie conforms to you wouldn't post that false info.

Enlightened people won't believe the lies you just spewd. This is probably bad PR for dufil prima but the truth must be told. Many food & beverage manufacturers add questionable chemical compounds into their products and people just consume without being properly informed. Its too bad!

bknight: I just checked, the 2 different packs of indomie 'chicken pepper' & 'oriental' flavors indicate they both contain TBHQ, conspicuously written.

Don't mind him jor! He probably is an employee of dufil prima and he has arrived to defend his employer. In all fairness all noodle manufacturers in nigeria add BHA & BHT in their noodles. Anyone here in doubt should simply buy any brand of noodles, check the pack and read the list of ingredients added. BHT & BHA are conspicuously there.

bknight: Pls is any of these substances found in beer? #ICantShoutAbeg

Is beer the food you eat?

Lagusta: I thought indomie contains monosodium glutamate Let me go and. Check.....

There is no strong & verifiable evidence that monosodium glutamate is bad. That's why its still added to food. I hear that no seasoning powder is manufactured without adding it. The food & beverage industry is loaded with murderers

speedyboi: So you are a microbiologist and this is news to you?
So much for being a graduate. And you too go dey claim unemployment oo?

If he said he was a biochemist then the rebuke would have made sense, but anyway its not an excuse. Anyone interested in food safety will know about These things

segzytemi: A list of food products and ingredients banned in several places around the world was released recently. Surprisingly, many items on the list are still available in Nigeria.
It is not unexpected that a host of the banned ingredients are disguised and passed off as “safe” and “healthy”. Here are tips for avoiding the offending ingredients.
Artificial food colourings – Today, many companies are removing artificial colours from their products, so a little research should help you find safe alternatives. Many common snack foods contain Yellow #5 in their ingredient list, but it’s not the only artificial food colour that is banned in other countries. Blue #1, Blue #2 and Red #40 may also cause health problems.
Brominated vegetable oil Banned in over 100 countries world-wide because it contains toxic bromine, brominated vegetable oil is used in many brands of beverage drinks to prevent the flavouring from separating and floating to the surface.
Bromated flour
In Nigera, many kinds of bread (notably the agege variety) are still made from bromate flour, which is banned in Europe, Canada and China, and linked to kidney damage, cancer and nervous system damage.
BHT and BHA
Japan, the United Kingdom and other European countries have banned these preservatives because they have been shown to cause cancer in rats. To avoid BHT and BHA, best option is purchasing food that is fresh and natural.
Arsenic
Though a known poison, arsenic was used in some chicken feed to make the meat appear fresher. Chickens raised for meat are no longer given feed additives containing arsenic, but that didn’t stop the European Union from putting a ban on it. If you eat poultry, particularly the frozen variety, make sure you know where it is coming from and how it is raised.

Indomie contains BHT & BHA smh for nigeria. They are just killing us and nafdac is doing nothing.

Phunshow: Hi! Am also a graduate of mcb, presently serving, but also into 1 of I.T programmes. Am presently undergoing CCNA course. I also want 2 go professional course related 2 mcb. Am planning 2 write HSE exam 2. So 2 me, dis looks lyk 2 diff careers, and am interestd in d 2 . So, u too can decide 2 go 4 d 2 or make a choice 2 focus on 1. U dnt av 2 go bck 2 sch to start afresh. Instead, u can go 4 PGD then 2 Master in Computer Science. That is, if u want 2 av a master degree in computer science. Or u do d HSE professional course then go 4 Environmental mcb or Petroleum mcb. Catch fun!

Your head dey there! this is exactly what I intend doing once I get my nysc discharge certificate. We gonna milk the game mehn!

How to Create a CV With No Job
Experience
Lack of experience is the most common
problem between young specialists who have
already graduated from the university and are
looking for a vacancy that can satisfy their
ambitions fully or partially. But many
employers want to see only qualified
professionals in their organization. Is it
possible to find a place in the sun for those
who just start a career and have no practical
knowledge?
The situation in the labour market is very hard
and unfortunately a lot of young talented
professionals are not able to stand out among
the large number of job seekers and are not
offered a good post. However, many directors
pay attention to the resume of young people
and invite for the job interview with the
prospect of further employment.
The main task is to ensure that your CV was
seen by the employer and was not thrown in
the trash. A good resume incites a desire to
continue the dialogue with a candidate.
However, there is a problem: how to make a
right CV if there is no job experience and
professional achievements? In such cases your
main task is to show your best qualities to the
employer and to prove that you will be able to
perform tasks even without the practical skills.
Remember that resume is to be free of errors
and highlight your abilities.
Follow our tips which may help you to reach
the goal and find a perspective post:
1. Fill in the section "Profile»: first name, last
name, date of birth, the actual state of
residence, e-mail and phone number.
Additional knowledge of foreign languages
will be a good advantage between other
candidates. You may also add photo to your
resume, especially if you are looking for
acting or modeling jobs. Pay attention to the
item "Relocation" because there are
situations that the job seeker is offered a job
in another city. It is necessary to think over
whether you are ready to make such an
important step not to cause problems with
either the employer or with relatives in the
future. Relocation can not only help your
career growth, but may also bring
unexpected and unpleasant surprises (e.g. a
promising post appeared to be uninteresting
and inappropriate, living expenses are too
high, and not everyone will be able to get
used to the rhythm of the life of another
city).
2. The main rule of the section "Preferences» is
the correct name of a job title. The more
accurate the name of the desired post, the
more chances and opportunities you have.
The ideal variant is the complete coincidence
of the job title with the vacancy. Then
specify the specializations, work type and
adequate level of salary. Only a small
number of the employers really pay high
wages, but many of them are ready to spend
time and money for training and
improvement of professional qualities of
young specialists without job experience.
3. It is not recommended to list several desired
posts in one resume. Practically all
employers like concreteness and such a list
will make the impression on the uncertainty
of the candidate. It is better to create a
separate resume for each post.
4. The most important information of any
resume is job experience. It is very
important to fill the tab correctly for those
who are just starting to move up the career
ladder. Do not be afraid to point out a little
job experience, even if it includes 3-4
months and is not related to the future
profession. If you have undergone practical
training in any company or organization,
indicate this information, because such a CV
can be more perspective than other resumes
of young professionals.
5. Specify the level of education, full name of
the institution and year of graduation in the
next tab.
6. Many job seekers ignore the tab "Additional
Information". But it is a good possibility to
describe in detail your personal qualities,
skills and benefits (e.g., knowledge of the
Internet and computer programs, a driver's
license). In this section you can add
additional training courses in case they are
useful to the future job.
You may also gain some job experience before
graduation from the university or college:
volunteer work, part-time or summer job will
provide invaluable favor in the future. Such
experience will prove that you are able to
manage your time and combine academic and
work life effectively.

www.job.naij.com/tips-9?utm_source=letter&utm_medium=email&utm_campaign=news

@Ghyft were you the one that sent me a pm? The email I used in registering no dey gree open o!

sylvalord: dude do u av a problem with me? Did i beg u to comment on dis thread? I av already said that i had not been admitted at the time i created this thread.. I was only exercising my faith.. Naw i am a bonifide med lab scientist and i wouldn't be asking such questions again.. Is it a sin to be naive or don't i av my freedom of speech? What the hell do u want 4rm me
pls leave me alone.. I don't knw u and neither do u knw me.. I av no biznez wif losers lyk u

Added to your naivety is Stu.pidity and an inherent lack of respect for people who know better and are obviously older than you.

Going by what you wrote on your profile, one would think that you are a Christian, but on the contrary, your posts on this thread depict you in bad light and say nothing good about your personality & upbringing.

you are a LOST CHILD that does not apply rational thought when making decisions. Who told you gaining admission to read med lab sci makes you a bona fide scientist? Better stop DECEIVING YOURSELF! Go and FAMILIARISE yourself with your BOOKS and stop coming online to post RUBBISH!

Google63: Pls I need professional advice from someone who really knows about this. I'm a microbiology graduate from Obafemi Awolowo University, but I'll like to pursue a career in Computer science in Nigeria or abroad, I really want to know how I can go about this, and which universities are best to apply into in Nigeria

bwahahahahahahaha! So you mean say E.coli & S.aureus don tire you. Guy! Lock up! Go and learn some programming languages and pursue the career that suits you. Make sure the packages you go for are hot and in high demand. No need for reapplying for bsc or going for MSc. in computer science. as for me, mcb/biotech till I die!

Look for something constructive to do with your time

Wack track! Who be the guy sef?