₦airaland Forum

Zionmdde:
Island is facing flood issues
They are still driving the ocean back to create land. OK ooooo. Eko Atlantic will be a very beautiful place to be

Wishing the islanders all the very best

Leave those people, smart Islanders had started buying and building house in the mainland,

Thing is when the Ocean decides to roar back, I no wan hear diseater ooo

Overhyped land price. Disadvantage of a capitalist society. Man is the only creature on earth paying for rent to live on earth given freely by Nature.

stillmaticOG:
Is the price of the land really appreciating tho? Back in the early 2000's, you would need around 2.5 million dollars to get 180 million back then because of the low exchange rate around 50 to 60 naira per dollar. Now with the high exchange rate, you just need around 1.3million dollars to get 2 billion naira with the current exchange rate of 1,500 naira per dollar

So is the land really appreciating or is the price just inflation driven

That's why I feel disgusted by the clowns who praise their baba suwe aso Rock impostor by claiming that there is now more revenue for states and such to share because of the subsidy removal. So so billion now compared to before. Clumsy dunder heads.

Even the minimum wage of N18, 000 a month under Jonathan was far more than their current N70, 000 that they are even struggling to pay - when adjusted for corresponding USD exchange rates.

FreeStuffsNG:
https://punchng.com/eko-atlantic-land-hits-n2bn-per-plot-report/

Wow wow, meanwhile I'm finding it hard to see a buyer for my two plots of land in bayelsa @ 1.5m per plot...in real estate, it's location location location!

jiz:
“Despite the broader infrastructural challenges, individual luxury properties in Lagos are equipped with world-class features and amenities designed to meet international standards. These developments aim to create a self-contained, elevated living experience for their affluent residents.”

With both hands in the crotch. Most lands in Lagos are extremely overpriced

cyberbro:
Not bad... Hope to own a plot there too by God's grace. 🤲🏽

The view of the ocean from that place is 2nd to none. 😎

What if the ocean overflow its boundary and pose a danger to houses around it. Are you aware of the global flooding affecting several major cities of the world?

franugo:
Wow wow, meanwhile I'm finding it hard to see a buyer for my two plots of land in bayelsa @ 1.5m per plot...in real estate, it's location location location!

You will still get a buyer too. Remain positive and don't give up. All the best.

FreeStuffsNG:
You will still get a buyer too. Remain positive and don't give up. All the best.

Thanks 👍, I'm not desperate tho, I can easily leave it till later in the future and have someone be monitoring it cause I'll be leaving bayelsa soon

franugo:
Thanks 👍, I'm not desperate tho, I can easily leave it till later in the future and have someone be monitoring it cause I'll be leaving bayelsa soon

That's like land banking? If you want to take that route, I will suggest that you get the title sorted completely. If it is bareland and you leave it bare, it raises risk of being sold even behind you and whoever takes possession will sort the papers and now use court to fight you sir.

do4luv14:
Leave those people, smart Islanders had started buying and building house in the mainland,

Thing is when the Ocean decides to roar back, I no wan hear diseater ooo

This your comment reminds me of why successful people say that poor people don't have idea o. Talk is cheap.

I hope you know that Mainland is Yaba, Akoka Ebute Meta, Surulere environs so you don’t confuse Ijedodo in Alimosho with Mainland.

"If you do what poor people do then you will end up in life like poor people do" Brian Tracy

FreeStuffsNG:
That's like land banking? If you want to take that route, I will suggest that you get the title sorted completely. If it is bareland and you leave it bare, it raises risk of being sold even behind you and whoever takes possession will sort the papers and now use court to fight you sir.

Noted bro, thanks 🙏

Ken4Christ:
What if the ocean overflow its boundary and pose a danger to houses around it. Are you aware of the global flooding affecting several major cities of the world?

Nice thinking, but I believe this has been factored in already. In fact, I believe that environment is less flood prone than naturally low areas, cos this is man-made...

Either ways, I am not scared of my neighbourhood 😎

The naira is too undervalued.

2 billion naira is equivalent to 1 .5 million dollars

Money laundering at its finest

How I wish people can be a bit patient,God will give Lagos excess land not long from now

Obidients will never understand vision and foresight. Hear them tell you Lagos is flooded and new development or coastal road is unnecessary. Bunch of dump lots. Even bible told us how the idiot with a talent when to hide it and it was given to those who multiplied theirs. Vision!

FreeStuffsNG:
https://punchng.com/eko-atlantic-land-hits-n2bn-per-plot-report/

First, how much was Dollar/Naira exchange rate in 2013? Ans: 157 Naira/Dollar. So that 180 Million Naira in 2013 was worth $1,152,000.

Now, in 2025, $1,152,000 (at an exchange rate of 1550 Naira to the Dollar) will be some N1.728 Billion Naira.

So that the price of a plot of land going for some 2 Billion Naira means that a plot of land in Eko Atlantic has not really appreaciated by a lot of margin.

Mad people running lagos

If it was #180m in 2000 and now #2b, the dollar value has not really changed.

Remember that in 2000, #180m was $1.8M

Anyone that had $1.8m in the year 2000 up until now (25years) in a compound interest deposit at 5% will have about $6M

$6m today is about 9 billion Naira

lamentor78:
Just look at the wish of the son of a poor man, always wicked hearted, they will never wish to attain such a height to own a property there, but all they wanted is calamity to befall those that God has blessed.

No wonder the holy book said " the heart of man is wicked

Poor thing.. Don't move to village.

Fatbam005:
haba you need deliverance

Come let's do it together.

Why N2bn? What resulted in such a sum? Overly inflated and spicy for money laundering.

Scott Iguma was right all this while.

FreeStuffsNG:
https://punchng.com/eko-atlantic-land-hits-n2bn-per-plot-report/

The real reason he is building the coastal road.

The people doubting and shouting overpriced today are the same people that overpriced it when it was 180m. If u like dey listen to opinion of person wey borrow money buy data.

FreeStuffsNG:
“Despite the broader infrastructural challenges, individual luxury properties in Lagos are equipped with world-class features and amenities designed to meet international standards. These developments aim to create a self-contained, elevated living experience for their affluent residents.”

It could worth more now since after First Bank Holdings Plc moved its headquarter there and when the US consulate finishes its about 50 acres or so that it owns there.

The best time to invest in my Lagos was 20 years ago and the next best time is today.

If you bless Lagos, Lagos will bless you.

Thank you Asiwaju Bola Ahmed Tinubu for this your great vision and legacy. Like the sound track in the Efunroye Tinubu epic movie , I dedicate the line "Eko o ni gbagbe re fun iṣe rere rere ti o ṣe" to you Mr President. God bless you sir.

keep claiming and dreaming. Those who didn't waste their youths like some people are busy buying up the entire place.

For land? Something that I can buy cheap plots in the north. Miss me with this. The naira has zero value.

People wey their next ten generations no go fit afford to get one grain of sand for the Eko Atlantic, na dem open thread and full here, dey beat drum dey happy dey dance😁

Wow, that’s a lot of money. Over $1.2 million for a plot of land.

Land wey none of us dey when God create am, una get mind dey sell am #2billion

Ashirioluwa:
Wow, that’s a lot of money. Over $12 million for a plot of land.

wetin this one dey calculate? Who whine you with such exchange rate? Do ur research well make you no go dey disgrace urself for SM

Edoreborn:
See wetin dem turn ds world into esp Nigeria,,d naira is more useless than any currency in d world..No more thousand n million

The devaluation of our Naira is one of the many things that have changed for worse since ebilokan packaged his expired northerner to replace southerner Jonathan and his privatisation and deregulation PDP capitalist policies. The policies that gave us 16 years of widespread prosperity and high employment productivity.

All that has changed for worse unemployment, inflation, extreme poverty, insecurity etc despite APC promises to make us better.

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

Sammy5413:
wetin this one dey calculate? Who whine you with such exchange rate? Do ur research well make you no go dey disgrace urself for SM

So how much is it, using what exchange rate from your own calculator?

How does that compare with prime property in our japa destination countries, that are not overwhelmed by waterless glorified ghettos like Lagos after 26 years of ebilokan lootocracy master plan?

obonujoker:
Liveability indicators
1 — 🥷Stability
2 — 🏥Healthcare
3 — 🪘Culture & Environment
4 — 📚Education
5 — 🚧Infrastructure

2024 LEAST LIVEABLE CITIES

TOP 10
1 🇸🇾Damascus, Syria
2 🇱🇾Trioli, Libya
3 🇩🇿Algiers, Algeria
4 🇳🇬Lagos, Nigeria
5 🇵🇰Karachi, Pakistan
6 🇧🇩Dhaka, Bangladesh
7 🇿🇼Harare, Zimbabwe
8 🇵🇬Port Moresby, Papua N Guinea
9 🇺🇦Kyiv, Ukraine
10 🇻🇪Caracas, Venezuela

#Statisense
(The Economist)

A 45-year-old resident and father of three, Mr.Fatai Lamide told PUNCH HealthWise that no building in the community has toilet facilities.

The Oyo State-born mechanic said, “We don’t have toilet in this area, including our compound. This canal that you see serves as toilet to all of us living in this area. We defecate inside nylon and throw it inside the canal.

“For people that don’t want to use nylon, they have a special bucket that they use after which they pour it inside the canal too.

https://punchng.com/cholera-outbreak-looms-in-lagos-communities-as-residents-use-canal-lagoon-as-toilet/

The lack of state-owned pipe-borne water in the homes of Lagos residents has continued to be a source of concern, a non-profit group, Corporate Accountability and Public Advocacy Africa (CAPPA) has said.

At a press event to mark this year’s World Water Day, the group said its monitoring team’s visit to state-owned waterworks showed that most of them are not operational.

The group said the waterworks it visited include the ones at Maryland, Mushin, Ikorodu, Obalende, Agbowa, Onikan, Ikoyi, and Amuwo Odofin.

Only the one in Ikoyi is producing water, according to CAPPA.

https://www.premiumtimesng.com/regional/ssouth-west/450615-world-water-day-lagos-water-crisis-worsening-group-says.html