No worries.

We will buy notebooks before the weekend for our Tutorials

erico2k2:

Ok well there ain't no secrets . I'm at work atm . I'm off the wkend so I got time in the evening I'm on my mobile and I hate typing on my phone so padon me for short replies . When I get home I shall Xplain further .

@ Rainmaker69
I humbly disagree with some of your comments (unless I misread them).
While some of the Top 20 richest people made their money in different sectors, the majority of them have invested heavily in Real Estate - which has increased their net worth over the years.

On the political forces, they are so strong and deeply embedded in the system, I doubt if there would be ever an Equilibrium any time soon.

Thr truth is the Real Estate market was badly hit during the last recession. There just were not a lot of liquidity causing massive Supply gluts.
It is really a buyer's market and it will not last forever.
Some of the discounts are really tantalizing .

Btw, we are still waiting for the golden nuggets on your land development, reclaim and resale plus leasing modules.

Rainmaker69:


Thank you very much for your intervention. You captured the essence of my comment. Real Estate is generally a safe investment but thats a very general rule. I'm not saying its not a good vehicle, I'm just saying that the general rule does not always apply generally. Apart from our land-use challenges in this part of the world, even the West has its share of property woes. You will recall the global economic crash caused by the massive failure of sub-prime mortgages.
Simply buying Real Estate to shore up money isn't a fool-proof investment strategy. There are so many distress property sales in Lagos and Abuja because its currently a Buyer's market. The industry is suffering from a liquidity crisis. If Agents even think you have a serious buyer, they will call you more than Christ Embassy Evangelism Unit. Even Banks have stopped lending to Developers unless the Developer can provide up to 70% of the total cost, subject to several factors.
I admire Ray Kroc's business model, the land he acquired was put to use by renting to McDonald's Franchisees. Real Estate should be developed- I digress.
Thank you Phoenix480.

@ erico2k2
I am aware of the Buy-to-Let market in the UK and the concept of releasing built-up Equity.
Unfortunately, these are almost non-existent here as our Housing market is not mature here. For example
Homeowners here via Mortagage route is less than 5%. The main reasons are the interest rates (around 20%) and you can only get mortgages in certain locations.

I would like to hear more on the land development, reclaim and resale plus leasing modules, let learners like me learn something - unless they are your trade secrets.

I dont think Rainmaker69 is disagreeing with real estate being a good investment (I may be wrong though).

I suspect he is only trying to highlight some of the challenges of owning properties in Nigeria, which people either convieniently ignore or genuinely do not know. You will also
agree that some of the challenges mentioned are peculiar to us here compared to Western Countries.

erico2k2:

Ok checked could not find you in the property section . So it was safe for me to say you had no clue . The fastest growing sector in the EU is the property sector . In the Americas same thing . Asia is the same even almighty China is triving on real estate . The mortgage industry is bigger than any other industry . .its the only sectors that unifies every other sector .
I'm a mechanical engineering in the uk with 16 years expirience but I wish I was a civil Engineer . A house bought for £350,000 in 2004 is now worth £1.6 m and you say real estate is not IT ? Seriously ? ?

I believe both of you are right, as it depends on your experiences and speciality.

Yes it can take 10 years to recoup your investment. It can also take 1 year, 2 years or 5 years especially with raw land. Good returns can also be seen in "Non-prime" areas like Ikorodu
due to the sheer population growth in the last few years.

Investing in Real Estate is NOT a get rich quick scheme though as it takes several years on average to recoup your investments. Quick liquidation is also not always feasible though especially
with Houses that re not in "hot" locations. The hidden costs of perfecting title and other levies are very real.

Rainmaker69:


Why not respond to the points raised? You have no way of knowing how much i know or don't know. You have only succeeded in revealing how shallow or empty your thinking process is.
For your info, I own land in at least 2 of Nigeria's most viable states and a timeshare outside Nigeria. I'm also a professional who handles property transactions including management and recovery, with more than 15 years experience.
To summarise for you, I have the credentials and experience to speak on these issues.
Don't join the bandwagon, think for yourself my brother. I suspect you're an agent and this is a knee-jerk reaction, that's one of our problems in this country. Speak to the points please, your market go still move.

In a gated estate in Karu - YES

klark3:
600k per year for 3 bedroom in nasarawa...

No need to perform the traditional wedding solely for this purpose.

I only mentioned the Wedding certificate since you mentioned your wife.

Your application profile seems good enough for the visa.

MVLOX:


My acct is not a prb... It's has some meters inside if u knw wat I mean... Wat if I did traditional marriage just asking ooo cuz I don't indeed to go there with a marriage certificate even if I have one

Please do not skip DPC (German floor) anywhere in the Ibeju lekki/Ajah/Lekki axis.

It is not advisable but forgivable in some very dry terrains.

Dandeedadrunk:
I gave a project of 2bedroom bungalow to an engineer. The location is IBEJU LEKKI, he's insisting that no need for German floor as the land is not water logged.

He said DPC[Damp prove . ..] is ok. That I should avoid unnecessary spending. Pls your view on this?

Available...

There are two main reasons visa applications are rejected:
(a) You don't have strong ties to your Country
Your profile looks good. Also add your wedding certificate to demonstrate good ties to the Country.

(b) You don't have enough funds to sustain yourself for the trip
If your account balance is in Naira, it will be converted to dollars/pounds/euros etc to see if it's enough for the duration of the trip so ensure the amount is sufficient, before granting the visa

Best of luck.

MVLOX:
Right post at the right time.... My visa application interview comes up on Tuesday... I have my statement of acct ready, my employers letter, my hotel booking, my 400l course form which shows I have to come back to write my finally exams afta the convention that I have an invitation(I am a worker currently roundup my BSc program, my wife runs our very successful farm business..... What else can I nid? Am sure am good to go

Thanks for clarification. I was also confused on the timelines.

2n2k:


This story is about his second heart operation that he had in February 2014. The first one was in November 1996.

Earn at least N600k rent per yr for the rest of your life with this property...

Still Available!

Three bedroom fully detached bungalow with BQ for sale at Fatima Gold Estate, Karu, Nasarawa state.
Just directly behind the Karu International Market.
Good tarred road linking you in 2 mins to the Keffi Express road.
It has huge parking space that can contain nine cars in the Compound. Has its own gate.
The Estate is quite and peaceful and has a relaxing atmosphere.

Going for N8million asking.

This is directly from the Owner (No agent)

For enquiries and inspection Contact Kenneth: 08055556727, 07037555222

Change of ownership via Deed of Assignment is possible with Estates.

The issue is around the different clauses or terms and conditions that can make selling your land very difficult. Some state that only they can sell your land.

People flock to Estates though partly due to fear of Omo onile and Security issues.

bukitt:


U mean change of ownership isn't possible when buyin estate land? Pls elaborate.

Lekki Phase 1 was extremely Swampy. VGC is reclaimed land. Yet current owners are revelling when they think of the value of their properties.

My old man chose to develop his land in Ikorodu in 2001 rather than his land at Abraham Adesanya as my mum didn't want "Ile omi". This is a move he regrets today when you look at the current level of infrastructure and rental values.

Nevertheless, I guess each to his own...

bukitt:


Oga, it's not about other projects goin on in ibeju lekki na it's about if it's a swampy land or not.

@bukitt - Ibeju Lekki holds much more potential than Mowe, here is why:

Mowe has the Lagos - Ibadan expressway in its favour, including the numerous Religious grounds in that axis.

Ibeju Lekki has the following :
Pan-Atlantic University
Proposed 4th Mainland Bridge
Proposed Lekki-Epe International Airport
Lekki Free Trade Zone
Proposed Lekki Seaport
Proposed Lekki Golf course
That's all I can think off the top of my head. Some of the "proposed" projects have commenced already hence the hype.

The Ibeju Lekki axis has big potentials but I agree that it has been over-marketed as the next Dubai (I am also one of the marketers).

Some areas are solid, some are Swampy. Nevertheless, raft foundation will be needed which is expensive.

Normal economics would assume that due over-supply would drive prices down. Unfortunately this sometimes doesn't work with Real Estate in this country. My forecast is a two-tier pricing structure which Developed Estates will command more price than a "Bush" in that axis.

Yes, I agree that the speculative nature in that axis will slow down development. If external forces like the Government can deliver monumental infrastructure and projects in that axis.

chukzyfcbb:
So op what's your take on Ibeju lekki, it seems to be rave of the moment. It has been marketed so much that every tom dic.k and harry knows about the area.
However, despite the sweet talks of dangote refinery, free trade zone and all of that, I still feel its a little overrated.
- What's the nature of the land, swampy I guess. if so, majority of the lands will remain fallow because the class of buyers are in the low middle class who can't afford to spend huge sums building on swamps

- Seeing there are so many suppliers (estates) in the area, its natural that competition will force down prices in future

- The nature of speculative buying from individuals presently will dampen growth, because majority of investors have the intention to flip lands and not actually erect building.

these are my take tho

Look at areas like Agbowa at Ikorodu or Ketu-Epe at Epe.

Mr2kay2:
Can someone tell me an area in lagos where i can purchase land for 300k?

It refers to people who connive with the original land owners (after Land has been sold) to Forge Paperwork/Contracts so the Land can be resold to someone else.

illuminatic:


What is the meaning of the above?

Governor Abiola Ajimobi (Oyo state) has joined his counterparts in Lagos state and Ogun state in clamping down on the nefarious activities of Land grabbers, popularly known as Omo Oniles or Ajagungbales in Oyo state.

The Bill titled: “A law to protect the rights of property owners and prohibits forceful entry, illegal occupation, violent and fraudulent conducts, in relation to real property in the state and for purposes connected therewith” on Real Property Protection Law, 2016 was signed into law by the Government. Here are the extracts;

…Anybody who forcibly grabs other people’s land in Oyo State – 15 years imprisonment or a fine of N500,000.

…Illegal entry into any construction site “for the purpose of stopping, disturbing or otherwise” demanding for any fee or levy in respect of construction activities – 10 years imprisonment or a fine of N500,000.

…Any professional who facilitates a contractual agreement between a land-owning family and another person – 3 years imprisonment or a fine of N500,000 (or both).

…Any person who is on any property as an encroacher and having with him any firearm, dangerous or offensive weapons, commits an offence – 5 years imprisonment.

…Any person who offers any property for sale, knowing that he has no lawful title to the property or authority of the owner, or sells a property knowing that he has no lawful title to the property or that the property had been previously sold by him or his privies, – 5 years imprisonment.

This Bill has been long overdue and is a laudable act in checkmating the activities of Lang grabbers.

Note that the proposed Imprisonments and Fines are subject to successful convictions.


Source: http://www.naijavillas.com/omo-oniles-now-risk-15-years-imprisonment-in-oyo-state/

Desse, Manpeople and Aventures have given you good advice.

There are several committed land in the Ajah axis which are owned by the Government. There are also several under ownership disputes. To navigate past these issues, always demand for land with Gazette or CofO (Certificate of Occupancy). The next step will be to verify the authenticity of these documents.

On price, Land with good title (Gazette or CofO) are usually more expensive. Do budget around N6million at the minimum.

Angolobabe:
Please people living in lagos,i will like to know if its safe buying a land in Ajah in lagos and if the location is also in the Govt plan for the express road etc
and if anyone have idea how much a plot of land cost over there,i will appreciate ur reply .
thanks.

The new city in Lagos will rise in 4 years time! And it is not Eko Atlantic City



Incase you do not know what the new city is, this is the Imperial City (Imperial International Business City – IIBC) at Lekki which is a Joint-Venture between the Elegushi Royal Family and Channeldrill Resources Limited. The prominent Elegushi Royal Family, owners of huge parcels of land in the Lekki axis have received approval for this 200-hectare development from the Lagos State Government. The reclamation project kicked of in April 2016 and the expected completion date is in 2021 with an estimated cost of $300 million.

The Imperial City will be on reclaimed land behind Lekki Phase I. It can be accessed via Freedom Road at Lekki 3rd Roundabout; Kunsenla Road and Oba Saheed Ademola Elegushi Road at Lekki 4th Roundabout; with access via Femi Okunnu at Lekki 5th Roundabout to be constructed in the future.

The new city would be allocated as 30% Residential zone, 10% Commercial zone, 30% Business District zone, 10% Leisure and Entertainment zones and 20% Infrastructure zone.

The project offers different varied sizes of plots. The minimum plot-size is 650 sqm. Other sizes include: 800sqm, 1000sqm and 1200sqm, 2000sqm, 3000sqm and 5000sqm.

The project Consultants and contractors are:

Dredging Company- Dredging International Limited- Belgium;
Marine engineer and reclamation consultants- Royal HaskoningDHV- Netherlands;
Infrastructure engineering consultants – Mott Macdonald- United Kingdom;
Master and town Planner- Gensler associates – United Kingdom.

Source: http://www.naijavillas.com/a-new-city-rises-in-the-next-4-years-imperial-city/

What of CFA with maximum of 2 years experience for the Graduate Analyst position.

To even attain CFA status, aside passing all 3 levels of exam, you need to show evidence of 4 years of finance experience.

Incredible!!!

dingbang:
25_years with ACCA certificate..




Buhari please don't die again

The question of Employee Vs Entrepreneur has been a long debated case.

The choice is different for each individual as we all are unique. Some people thrive better under a structured environment where they fit like a puzzle. Others are better suited to "hustle" where they are not limited by a Company structure.

You have to look at your Financial Goals.
Financial Goals: Do you want to be very comfortable or extremely rich? In Business, the profit potential can be limitless.
In some jobs in the Banking, a Manager would earn a minimum of N1million monthly (with generous allowances). Salaries for Managers in Oil and Gas sectors can exceed N5million monthly. If you have good Education, work hard, with some luck, these are all obtainable.

To become successful as an Employer and Entrepreneur takes time, dedication and extreme perseverance.

Godswillnwaoma:
I was with my friends today in school after our lectures when we had several discussion about how life will be after school and how we are going to make it in life despite the hash economic condition facing our dear country (recession).I told them i,m not going to work for anybody or any organisation that i,m going to set up my own business no matter how small it will be, some guys supported my idea and said they are going to do the same while others said they are going to look for a white coller job.
While i was going home after the discussion and argument, this question about which one is better between salary work and business keep coming in my mind.


So dear nairalanders, based on your expirience and knowledge, which among the two do u think is better btw salary job and business.? Your comments wil be highly appreciated and will also be of a help to young graduates to make good decission btw the two.


NB: pls ignore my grammatical error.

Ever wondered what the most expensive homes of 2016 in Nigeria looked like, where they are and how much they cost? We have helped analyze and bring you the 7 most expensive homes in Nigeria.

Asokoro (Abuja), Maitama (Abuja), Banana Island (Lagos) remain the most pricey areas in Nigeria.



No 7. 6 Bedroom House, Banana Island, Ikoyi, Lagos

Exquisitely finished 6-Bedroom detached house at Banana Island, Ikoyi with the following features: * Electric Fencing * Jacuzzi & Bath tub in maters bedroom * All rooms ensuite * Stand in shower *

Fully fitted and furnished kitchen * Two sitting rooms * Guest Toilet * Study room * Gym * Water Treatment * Laundry * 2 rooms BQ * Security Post * Swimming Pool



Price: ₦ 800,000,000



No 6. 6 Bedroom House, Maitama, Abuja

A recently built modern 6 bedroom house is available for sale in Maitama. Built with modern building materials and in a serene location. Facilities include: * Swimming pool * Guest chalet * Bq *

Gym and lots more …



Price: ₦ 800,000,000



No 5. 7 Bedroom House, Asokoro, Abuja

Nicely built and well finished 7 bedroom detached duplex for sale with .
This building is exquisitely finished with three sitting rooms * guest chalet * boys quarters * swimming pool * CCTV * marble flooring * fully fitted kitchen * aluminium hand rails * fully fenced

with gate * electric barb wire * security post * paved compound with inter locking stone and lots more …



Price: ₦ 800,000,000



No 4. 6 Bedroom House, Asokoro, Abuja

3 spacious living area * fitted dinning area * fitted wardrobes, spacious masters bedroom * massive parking space * laundry area * swimming pool * guest chalet * boys quarters * green area * serene

and peaceful environment * neighbourhood with 24hrs security * 24hrs water supply.



Price: ₦ 900,000,000



No 3. 8 Bedroom House, Maitama, Abuja

Tastefully Finished 8 Bedroom Duplex in a very Serene Location with Good Access Roads and Drainages, Well Secured and Interlocked Premises for sale, Located at Maitama Extension, Abuja . Special

Features: 2 Room and Parlour Basement * 3 Living Rooms * Executive Penthouse * 2 Room BQ * Gazebo * Swimming Pool * All Rooms En Suite * Fully Tiled Floors * Fitted Kitchen and Bathrooms * POP

Finished Ceilings.



Price: ₦ 1,000,000,000



No 2. 5 Bedroom House, Maitama, Abuja

An exquisite 5 bedroom detached house with 4 rooms bq on 2 floors * serviced with perkins soundproof generator * fitted kitchen * water treatment plant * ample parking space * gazebo and lots more

…


Price: ₦ 1,200,000,000



No 1. 7 Bedroom House, Asokoro, Abuja

Luxury 7 Bedroom detached Mansion on Two Floors with bq in Asokoro district.
Spacious compound with a Standard Swimming Pool * well equipped Gym * well treated drinkable water * fully fitted Air Conditioners in most rooms * 3 sitting rooms * Fully equipped Kitchen fitted

with Cooker * 2 Refrigerators * microwaves * Smoke expeller * Oven * with 2 Store rooms.
A well managed dedicated electric transformer with regular power supply.
Other facilities includes:
Lovely wardrobes and a Walk-in Closet * Massive Master Bed and Madams bedroom with large Walk-in Closet * Jacuzzi and Shower cubicle in Bathrooms * PoP ceiling with beautiful light fittings



Price: ₦ 1,200,000,000



Visit http://www.naijavillas.com/7-most-expensive-homes-2016/ for more details.



cc lalasticlala, lawyer

weedtheweeds:
Can you help, please?
I recently purchased a land at Ugwuaji Enugu state, what documents must i secure? I was told to get an OC document which should be signed by the governor. How true or necessary is that? Please help out

There are two kinds of possession, one might be more important depending on the area and financial power.

Legal Possession
Receipt - Deed of Assignment - C of O/Governor Consent

Physical Foundation
Corner pieces - Dwarf fence - Foundation - Proper Fence - Full Construction

@Davidlein
You need to decide whether you want to go for Paid Employment or Self Employment.
For Paid Employment, go to University and upgrade on your Diploma.
For Self Employment, you can learn a practical skill where you can be earning income daily.
Whatever your choice, you shouldn't ignore your Passion. An immediate idea is to step up a blog (or blog for others for a fee) since you enjoy writing. It can make you a Leader in whatever field you are blogging about, which will eventually lead to more money.

“The best investment on Earth is earth.”

-Louis Glickman

Land Ownership remains one of the easiest way to join the property ladder and also a vehicle to achieve great wealth. With all the random pieces of information on how and where to buy land in Nigeria, we have identified 4 proven ways to buy land in Nigeria.


1. Friends and Family

Buying land from people you know is one way of joining the Property ladder. Buying from close friends, family members and people you trust is a good thing. They can also make quality recommendations for you based on their experiences and connections.


2. Communities (Omo Onile)

This is currently the most common way into land ownership. Buying Land from Community and Traditional leaders remains popular during to the sheer availability. They also tend to be cheaper alternatives than buying from Real Estate firms or the Government. However, it remains the most risky form of ownership with issues ranging from duplicate payments to harassment and extortion.




3. Real Estate firms

This is a fast growing method of acquiring land as more Real Estate companies are entering the Estate development landscape. Popular Real Estate firms in Lagos include Lekki Gardens, Adron Homes, King Builders. This is usually the most expensive methods to obtain Land but offers Infrastructure and Peace of mind. There are usually several hidden or ambiguous charges like Development fees and Estate management fees.




4. Government schemes

Buying Land from the Government remains the least common way of Land ownership – This is partly because they are not publicly advertised. Yet, this is one of the more transparent method of ownership and the charges are more transparent. Our Family Home is Ikorodu is an example of Government Scheme where the C of O (Certificate of Occupancy) was already granted, all the plots were clearly laid out, extensive road network were provided and Building plans were easily approved. As a point of warning, there are reports of some buyers of Government schemes who have not been allocated their plots of Land after several months/years so conduct due diligence before subscribing to any Government scheme. See examples of current Lagos state Government schemes:
•Kings Court Mixed Development, Erelu Estate, Idera City and Sangotedo Court – Off Lekki-Epe Expressway – Lekki Sub-region
•Ehinbeti City and Ehingbeti Waterfront – along the Lekki Epe Expressway – Epe
•Oba Akran Gardens, Magotho City Residential, Fadaka City and Iya Afin – directly accessible from the Badagry Express Road – Badagry axis
•Igando – along LASU- Iba expressway.


Bonus: Employer Cooperative scheme

Some employers offer their staff the opportunity to purchase land through cooperative schemes.




Source: Naija Villas

Generally an MBA trumps ICAN (and most professional certifications) if you want to move into Management.

As you have also suggested that you struggle with Accounting, it's wise you pursue the MBA as ICAN can be a long, lonely journey when you are not motivated.

“Landlords grow rich in their sleep.” - Buy your Land TODAY!