Dijita:


I think your response did not address the key point raised by Zuraking. His issue is not that many rich people live simple life. His issue is that most people who work hard for their money don't spend it anyhow.

BrabusNG:


If he doesn’t know what to do his money, in order to turn it over and make more money, he’ll assume investing 200m in real estate is a waste of money.

If I have 200m, there are areas in Lekki that I’ll like to own a plot and flip within 2 years.

200m is nothing bro to what people are investing here. I knew plots of land that goes for billion of naira in VI, yet people are buying and recouping their investment.

For your information, banks will give you any amount to fund any project right now so it doesn’t mean most of these guys dole out their cash. Even Dangote is collecting loans to fund projects.


______

I think this is kobokobo world so some projects will seem like impossible to many of us.
Come to skyscraper city and see how architects are talking about million dollar projects funded by banks.

______

So you’re of the opinion, anyone who buy a 200m land in Nigeria is a thief
Issokay!

So you’re of the opinion, anyone who buy a 200m land in Nigeria is a thief

Dijita:


So you’re of the opinion, anyone who buy a 200m land in Nigeria is a thief
Go back and read my comment

I think this is kobokobo world so some projects will seem like impossible to many of us.
Come to skyscraper city and see how architects are talking about million dollar projects funded by banks.
This is a different scenario. the discussion is owners funded purchases

If I have 200m, there are areas in Lekki that I’ll like to own a plot and flip within 2 years.
But you don't neither do i. Even in a situation where banks is funding all kind of project you still don't.


If he doesn’t know what to do his money, in order to turn it over and make more money, he’ll assume investing 200m in real estate is a waste of money.

Investment is not waste of money. however investment decisions are based on risk and benefit analysis. Do you think the risk and benefit analysis of investing in Nigeria real estate are better than investing in Tesla, Microsoft, Google, Ali Baba, Square Trade, sales Force, Facebook, etc?

Dijita:


So you’re of the opinion, anyone who buy a 200m land in Nigeria is a thief
Go back and read my comment

I think this is kobokobo world so some projects will seem like impossible to many of us.
Come to skyscraper city and see how architects are talking about million dollar projects funded by banks.
This is a different scenario. the discussion is owners funded purchases

If I have 200m, there are areas in Lekki that I’ll like to own a plot and flip within 2 years.
But you don't neither do i. Even in a situation where banks is funding all kind of project you still don't.


If he doesn’t know what to do his money, in order to turn it over and make more money, he’ll assume investing 200m in real estate is a waste of money.

Investment is not waste of money. however investment decisions are based on risk and benefit analysis. Do you think the risk and benefit analysis of investing in Nigeria real estate are better than investing in Tesla, Microsoft, Google, Ali Baba, Square Trade, sales Force, Facebook, etc?

Dijita:


So you’re of the opinion, anyone who buy a 200m land in Nigeria is a thief
Go back and read my comment

I think this is kobokobo world so some projects will seem like impossible to many of us.
Come to skyscraper city and see how architects are talking about million dollar projects funded by banks.
This is a different scenario. the discussion is owners funded purchases

If I have 200m, there are areas in Lekki that I’ll like to own a plot and flip within 2 years.
But you don't neither do i. Even in a situation where banks is funding all kind of project you still don't.


If he doesn’t know what to do his money, in order to turn it over and make more money, he’ll assume investing 200m in real estate is a waste of money.

Investment is not waste of money. however investment decisions are based on risk and benefit analysis. Do you think the risk and benefit analysis of investing in Nigeria real estate are better than investing in Tesla, Microsoft, Google, Ali Baba, Square Trade, sales Force, Facebook, etc?

bixton:




Do you think using #200M to buy a plot of land is spending any how to someone who still has much more than that untouched?

While it may seem absurd to one it means fantastic to another.
It is all in a mindset. No two people are alike.

There's what is called foresight and insight in investment.

BrabusNG:


I give up

One thing I can assure you is I know what to do with my money that'll will earn me a [b]lot more than what I’ll get from Tesla, Facebook and the likes.[/b]

Next thing you’ll assume, I rob a bank

Jasobry:


If i may ask, how much should be the maximum amount to pay for a plot of land?

Dijita:

Depends on your pocket and your taste . you could pay a billion naira if you choose to

BrabusNG:


I give up

One thing I can assure you is I know what to do with my money that'll will earn me a lot more than what I’ll get from Tesla, Facebook and the likes.

Next thing you’ll assume, I rob a bank

My brother if you are poor,they complain, you hammer na blood money or scam

bixton:



When I did MBA in PM, the lecturer handling financial accounting said many of those who are academics find it hard to invest because they are always calculating the uncertainty more than the benefits.

Jasobry:


They are always finding X

true2home:
To invest in Nigeria as a Nigerian is simply a patriotic thing. Like someone said earlier, investment can take many forms. Some investment are economical, some are patriotism, some are social development, some are egoistical. Not every thing is MONEY or HOW to MAKE MORE!!!

There is a saying that when you are looking for money and you meet Honor on the way, you might as well head back home because after you find money, its Honor that you will likely buy with it.

Lastly, please don't be surprise if Dangote becomes the richest man in the world when he concludes his refinery. There are ridiculous ways to make Crazy money in Nigeria if you truly believe in Nigeria and pay attending to the needs of the 200M people in there. Most of us are focus abroad, and that's why we think little of our potential.

There is no dispute there . Elon Musk knows what to do with his money that is why he is worth what he is worth.
I know what I can do with #200million that will give me higher return than real estate investment in Lekki

Bloomberg Billionaires Index which ranks the first 500 richest people in the world showed that his wealth fell from $18.4bn on Thursday to $17.5bn on Friday, taking him from 106th to 114th on the list of wealthiest people in the world.

“A $12bn oil refinery that is currently being developed in Nigeria isn’t included in the valuation because it’s not yet operational and construction costs are calculated to outweigh its current value,”

Jasobry:



So let's accept that no amount is too much to pay for a land.its all about choice. Everyone mustn't live in Lagos, Abuja.

Jasobry:


If i may ask, how much should be the maximum amount to pay for a plot of land?

kopell:
HAHAHAH, as much as you can afford. If Adenuga can paid 500m to pull someone building down to make room for his garage in Abuja years back, what are we talking about. People that have to those kind of money do not save them over years.

GoodFaith:


What about POP cement?
Please it it out or me

bixton:



An elderly man once told me people don't become billionaires by their daily savings in their account. It comes from just one major job.

davodyguy:

Since you currently may not have a 'registered title' now, you'll need to get a survey plan of the land registered at the office of the Surveyor General, with beacon numbers showing, then hand the survey plan to your architect to prepare a drawing.

If it's a bungalow, you don't need a structural drawing, but for two floor building, you need a structural drawing.

You also need a soil test report. This is to tell you the kind of foundation you need.

Take all these documents to the LASPPPA office in your Local Government. They would prepare an assessment for you.

Assessment is done based on the gross floor area of your proposed building.

Less say your gross floor area is 300sqm, this size is multiplied by a rate of construction to arrive at assessed value.

The value in the assessment is what you'll pay.

You pay one to LASPPPA and another one to LABSCA called stage certification.

The part that out most developers is the tax clearance.

The minimum tax that LIRS will demand from any developer even in Ikorodu, Epe, Alagbado etc is ₦750,000 and if it's like Ikoyi, Lekki, VI, the developer can be asked to pay as much as ₦5million as tax clearance before you can be granted approval.

To LIRS, anything that makes you want to build means you must be rich. Hence, they ask for minimum of ₦750,000 from you, even if your land cost you ₦100,000

Give or take, the minimum to pay would be close to ₦1million.

How long does it take? It can take between 30 days to almost forever.

This is Nigeria, I must not talk too much

nnadychuks:
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It’s self adhesive, meaning you don’t spend extra for glue
It’s surface is water proof and also stain proof
Price is #3k per square meter
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Stevo30:
Thanks for this. If i pay my tax in another state and i have tax clearance, would Lagos state still insist i pay another tax because I am building in Lagos?

hairbyuj:
Good morning,

Please am in need of used wooden planks for casting, either for rent or sales.

my site is around Awoyaya.

please reach me 08083700653

lawofeso:


It does thank you so much. As far as ongoing payment what is a reasonable rate to the property manager per tenant

aji2000:
1/5 by 1/2. 1 no
1./2 by1/2. 6 no
.9 by .9. 1 no
.6 by .6. 3no
.8 by .8. 1 no

Total 12no