₦airaland Forum

ROSSIKE:
Dummy.. your installed capacity is far from your actual amount generated, which falls at around 1000 mw. That is why the shortfall in Nigerian gas, WHICH CONTRIBUTED TO YOUR ACTUAL GENERATION, is a nightmare for that tiny, dependent village you call your country.

By the way, I thought you'd discovered oil and gas? Why are still so dependent on Nigeria?

Hahahahaha nigayrians? Bvllsh1t country inhabited by azzholes and thieving scvmbags
Such a miserable ,dirty stinking place
mumugerians don’t believe in toilet paper. Instead, they use wipe their azz with their left hands!
6-year-old girls are eligible for marriage in sh1tnigeria


Nigeria jagajaga, Everything scatter scatter Poor man dey suffer suffer Gbosa, gbosa, gunshot inna de air.

GANDALF1:
I visited Ghana (our closest English neighbours) in August last year and I was happy at the giant strides they were taking in terms of economic growth. (Recall the Ghana must go days).
As of the day I left Nigeria, our dear Naira was exchanging for N81 to 1Ghc and thats approximately 1yr and 1month ago. Noting that the Ghanaian currency was redenominated in 2007 and lost 4 zeros in the process, one would expect that policy makers will always be wary of the economy sliding back to the pre-2007 days when $1=more than 10, 000ghc.
But just in one year of comparison (2013-2014), 1Ghc has depreciated to N45.54k (as at today, 06/10/14). This gap is mind blowing and thats why I am asking this question: WHAT IS HAPPENING TO GHANA'S ECONOMY??

whatever is happening to the Ghanaian economy is purely a matter for Ghanaians to ponder. exchange rate differentials can't be the only measure of how an economy faring,huh? the Ghanaian economy is still growing at close to 7% and foreign direct investments is the third highest in africa! Just leave Ghanaians lone and face your numerous problems

nigerianvenom:
that is why we are d giant of africa.

hahahahaha more like the giANT, huh? fuckeduiupedness

ROSSIKE:
Why exactly would Reuters 'misquote' your central bank governor? DUNCE!!

stvpid punk! the facts don't add up, magg0t the gas from nigeria generates a maximum of 450MW. for a country with an installed capacity of 2,800MW, the absence of 450MW is a needless loss but not major catastrophe as conveyed in the article. too dumb to understand that, huh? a dumb ape in a zoo heard you are goatluck jonathan's slave,huh? hahahahahaha I guess you are ready for another sound trashing tonight? hahahahahahahahahahahahahaha fuckeduppedness

ROSSIKE:
Because you're a dense he-goat. Go and argue with Reuters. Dumbito.

thunder fire your magg0t-infested blokos. modafaka! such inferiority complex! I guess the fact that reuters wrote the report makes it authentic,huh? primitive azzwipe! fvck ya!

DickDastardly:
GHANA MUST FALL

hahahaha Ghana will never fall, in Jesus name! It's a shame your country is now a certified sh1thole,huh? I can feel your pain stuck to a failed country where nothing works is not a joke

Look at these MUMUs getting excited over nothing! First, I doubt the Ghana central bank governor said what he was quote as saying. secondly. how much volume of gas does nigeria supply to Ghana? a maximum of 120 million standard cubic feet of gas, which can generate between 450 to 500 MW of electricity. What is Ghana's installed generating capacity? 2,800MW. so how can the absence of 500MW, which the lack of gas supply implies for Ghana result in a total lack of power in Ghana? does it make sense?

hahahahaha and for those dumb MUMUs, I guess they are not aware that Ghana will soon finish its own gas treatment plant which will process 150 million scf of gas at Atuabo. the americans have already stopped buying you apes oil, soon they will stop buying your gas. That is when you would have wished Ghana and other would have bought your gas so backward. there are no words

keypad1:
son of many fathers. Thunder fire you there. Bastard!

shitnigerian genocidal magg0t! olodo in the house! stuck in a primitive sh1thole

VoteOutPDPJona: I seeee! Heard Ghanaians are number in smoking weed, having overtaking Jamaica. No wonder his grumblings seemed to go out of hand.

sharaaaaaaaaaaaaap what has smoking weed got to do with anything? and what about shitnigerians who inhale generator fumes? is generator fumes not deadlier than weed? fuckeduppedness

elspycey: Bros, why you no just bath with salt and hot water? Think you are making a very mumuish comment on what you called a mumu site. Who's the mumu here.
To slap you just dey hungry me..

a magg0t spewing trash on a certified MUMU site. SMH. stvpidity is ingrained in your DNA. fuelish shitnigerian goat!

elspycey: All this chalkboard raw materials be tryna reflect like diamonds... You nor go focus on your talent?

a certified MUMU from MUMUDOM!

keypad1: ur mama

fvck ya fuelish papa, if you have one!

mainheart: na their talent be that

and wetin be una talent? robbery? yahoo yahoo? boko haram? rituals? which one? chei I no wan laugh oooh

hahahaa is this no more a shitnigerians site? what the fvck is news about Ghana doing on a certified MUMU site? arrant crap!

Sec5: Ghana must go


Thumbs up

shitnigeriaaaaaaaaaaaaaaaaaaaaa Must Come! fuckeduppedness

keypad1: this useless club no go score?


Where that mumu ghana man with he carrot head wey them call well back abi na welbeck.

Na 2 and 1. I want oool

look, mind what you say,huh? Welbeck is a british citizen, ediot

GHKWAME1: The glo's in Ghana, the GT banks in Ghana, the Ovations in Ghana are not being targeted, why? because those are the type if investments Ghana is talking about, we can't take the burden of Nigeria's informal sector in Ghana. Thing is Nigerians are hypocrates at best and delusional at worst, as I type this sheet, 91 products from Ghana are banned from entering Nigeria(does it mean you also fear competition?). Why don't you allow import of cement into Nigeria?

funny thing is that nigeria had applied discriminatory policies against foreign interests and are the same ones complaining today. didn't obasanjo pass some indigenisation crap or something like that and even the mass deportations of 1983 and 1985.

When I bought land in central Abuja some years ago to build, when I got to the FCT Land Registry (during el-Rufai's time). They had just introduced a computerised system of land registration in FCT at that time. I had to fill a form. On the form there was no room for non-nigerians. it only talked about 36 states. I had to register falsely under Lagos state! I was told for me as foreigner to register as a land owner in Abuja, I needed a waiver from the President of Nigeria or the Minister of FCT! Do nigerians face such impediments in acquiring land in Accra? and yet some of you sit and talk anyhow!

hahahahaha nigerians brought this upon themselves Ghanaians accepted them as brothers and gave them preferential treatment over other foreigners and then how were we paid back? these same nigerians started boasting about how they were "controlling" Ghana's economy? Can you imagine that nonsense? you control Ghana's economy because you have some 6 nigerian banks out of 36 and one telecom company out of six registered?

I know for a fact that nigerians coming to do business in Ghana currently face a far bigger challenges than those who came initially. for example, very very few nigerians companies operate in Ghana's oil and gas industry. Isn't that strange considering the fact that nigeria has long years of exposure and experience in the industry and therefore would have taken a domineering role in Ghana's oil and gas? I know for a fact what those few nigerian companies that were lucky to get little contracts in Ghana's oil and gas went through.

nigerians don't come anywhere near to 'controlling' Ghana's economy and yet were boasting they controlled your economy. what will happen when (if by some miracle) they get to really "control" your economy? Ghanaians are not stvpid and are beggining to see nigerians for who they are....enemies.... or to be politically correct ......nigerians are always scheming and praying for Ghana's downfall.

and how come no one is talking about the arbitrary impediments imposed by nigeria since Obasanjo's time which bans many goods from other west african nations from entering nigeria?

There is very little trade between the two countries so Ghana won't even feel it if nigeria decides to retaliate. Soon, Ghana will start receiving gas from its own gas processing plant, so even the gas that comes from nigeria will become less relevant!

mikron: Robben was like WTF is wrong with this bastard?
samaila i go beat you o, i go slap fire comot for your eye today,
you want to break my leg abi? Referee leave me make i use slap pluck this bastard teeth

hahahahahahaha i cant seem to stop laughing at this picture. well-done Robben

cant seem to stop laughing at this picture. Thank God for ediots

mikron: a typical ghanaian

a typical shitnigerian

ANAMBRA11: How come diz gaynians re hitting us hard with their little artilery callling on all tribalist from the politics section ,we need to unite to hit this charcoal black objects where it hurts,all mods should vacate this thread ,no holds barred!

hahaha clifford orji's brother? efulefu igbo boy behaving like an animal do you know sambisa forest? fuckeduppedenss

hahahahaha shitnigerians spewing crap while foreigners take over their economy

Foreigners have taken over our economy — MAN
http://www.vanguardngr.com/2014/01/foreigners-taken-economy-man/

on January 12, 2014 / in News 3:03 am / Comments
*’How made-in-Nigeria goods campaign
died after gulping millions of Naira’
*Outlines the road to economic prosperity in 2014
By UDEME CLEMENT
Ikpong Umoh is the Vice Chairman, Toiletries and Cosmetics (T&C) Group of Manufacturers Association of Nigeria (MAN). He speaks on the activities of the sector in 2013, the need for the Federal Government to revamp industries in 2014, strict enforcement of the local content policy and the benefits of patronising made-in-Nigeria goods.
Looking at the economy in 2013, has the manufacturing sector made much impact on national development?
The manufacturing sector, especially Toiletries and Cosmetics (T&C) Group of Manufacturers Association Nigeria (MAN), recorded major decline instead of increase in productivity. Looking at the economy generally, there are many challenges. In the 60s, Nigeria’s economy was placed above Brazil, China, India, Singapore and Malaysia as a country with numerous potentials to become a technology giant.
Sadly, that has not happened because our resources are not prudently managed. Also the rulers are not living up to expectation in doing the right thing and leading by example. For example, government is only interested in revenue generation from local industries and not in their growth. We do not have good industrial policies to ensure that foreign firms coming into Nigeria partner with local companies to enhance technology transfer like what is done in other countries. Here, foreign companies come in with their chief executives, cooks, barbers and even carpenters. There must be census of foreigners in Nigeria. Does our immigration office have the data on how many foreigners are in Nigeria? Today, foreigners have taken over our economy even in Small and Medium Enterprises (SMEs) like operating barber’s salons and eateries.
Foreign firms still operate in Nigeria with almost 100 per cent foreign work-force despite the local content policy in place. Does it mean this policy is a failure?
In Nigeria, government’s policy on local content works only on paper and not in practice because government is not pursuing it to ensure compliance like what we see in other countries.
Why do most Nigerians prefer foreign products even when made-in-Nigeria goods are of superior quality?
It is the mentality of some individuals who believe that imported goods are better even when such products are inferior compared to those manufactured locally. The campaign for patronage of made-in-Nigeria goods did not just come today. It is a project that has taken centre stage of various governments for over three decades, since MAN initiated the campaign. The most recent launches occurred in 1999, 2004, 2009 and 2010. Each of the launching held out promises of economic emancipation and guzzled whopping sums of money but we are yet to feel the impact on the national economy.
In 2009, the Minister of Commerce and Industry, Achike Udenwa, launched one of the most celebrated campaigns. On that occasion, government made far reaching pronouncements including import prohibition of certain products, a ban on the consumption of foreign beverages at official functions and in government offices. Some of the items on the prohibition list include biscuits, tea, coffee, soft drinks, fruit juices and bottled water. Government’s argument was that uncontrolled importation of these items made local brands largely uncompetitive. That campaign gulped N200m. In spite of the huge amount of money and the high profile launching, the anticipated effect was not realised as the exercise was overtaken by events and the campaigned soon fizzled out just like its predecessors.
What is responsible for the exponential decay in the tempo and effect of such laudable projects, which characterised the campaigns?
The reason for failure include insincerity because, during the campaign, the dress code of the ministers and other government officials showed shoes made in Italy, the flowing gown made in Saudi Arabia, wristwatch made in Hong Kong and the pen used to sign the event register made in Switzerland. The trays, cups and plates used for entertainment were made in China.
The launching was accompanied by a lot of fanfare followed by radio jingles, television adverts and billboards with advertorials, across the length and breadth of the country. After that, what next? The whole setting reflected hypocrisy with a faulty foundation and an attitude of ‘do as I say, not as I do’. The approval by the President Goodluck Jonathan-led Federal Executive Council (FEC) to import 60,000 units of waste bins from the United Kingdom (UK) at N927.6 million may have confirmed the insinuation in some quarters that the much-promoted local content policy is a mere lip service.
Lack of political will is also an issue because sometimes there is a tendency for the sponsors of the project to use it as a launching pad for their political ambitions, to corner the huge budget associated with it or to appease MAN that government identifies with their concern for invigorating the industrial sector via promotion of made in Nigeria goods. Once their selfish ambition is achieved, the project is abandoned.
The campaign is usually narrow in scope and shallow in content, as it starts and ends in Abuja without any plan to replicate the campaigns in the states and local governments to drum awareness at the grassroots. There are no set targets or dates to measure any impact or achievements. No reviews are made. Once the incumbent minister vacates the post, the project exits with him or her.
The absence of enabling laws to back up the call for made in Nigeria products is also a challenge. In its present form, the campaign is seen as something that does not concern everybody. Majority of Nigerians are not aware of the benefits derivable for being patriotic about locally made goods .Today, there is no punishment for importing and selling finished goods that can be made in Nigeria.
This takes us to the issue of policy thrust direction. Since the advent of democracy in the 4th republic, we witnessed that efforts to jumpstart the economy are focused in two directions like attracting Foreign Direct Investments (FDIs) or encouraging and empowering local industries. The two considerations appear to be mutually exclusive events in Nigeria, so only one of them may be undertaken. Experience has shown that the odds usually favour FDIs while stimulating the economy through encouragement of local industries often becomes the opportunity cost.
The preference for FDIs is obvious as the immediate and long term personal interest overrides any other considerations including national interest. People in government who negotiate the investment inflow are guaranteed a place in the Board as Directors, while their children and cronies can also look forward to a secure future without much toil or sweat. The foreign investors are wooed with generous incentives including tax holidays of about 3-5 years, Duty-free and Value Added Tax (VAT)–free importation of their finished products for about three years and syndicated bank loans among many others. On the other hand, local investors are denied these generous conditions even in their own country.
What are the economic implications of government giving foreign investors many incentives to the detriment of local manufacturers?
That is why our economy is suffering and so many of our youths are jobless. Once they settle, the foreign investors begin to look for monopoly and so begin to plot how to kill any local competitor that may have been in the market before their arrival. They will employ all manner of antitrust tactics and even use the regulatory agencies to raise the bar to scheme out local entrepreneurs.
With the level of poverty and unemployment today, is there any hope for Nigeria’s economy?
Nigeria still has potentials in oil wealth and with huge foreign reserves; government can change the economy and move to actualise the Vision 20:2020. It is important to note that the manufacturing sector is crucial to economic development and job creation. For us to move forward like advanced countries, our government must turn attention to industrial development and there must be an enabling environment for SMEs to thrive.
Nigeria has sufficient human resources, some developed and some un-developed, but the way the resources are being harnessed is the major problem. Our school system is nothing to reckon with in terms of research capable of opening new and innovative windows for industrial growth. This is because research is not taken seriously in Nigeria like what obtains in advanced countries.
What is the way forward?
The government is the biggest earner of money and also the biggest spender. It therefore has an ultimate role to play in making patronage of made in Nigeria goods a reality. The challenges facing a typical manufacturer, like decayed infrastructure, perennial power outage, multiple taxation and dumping are well known as well as the roles to be played by various government agencies.
For instance, the country requires a cultural reorientation, which will enable Nigerians think and act in a way that will bring high regard for made-in-Nigeria goods and the Local Content Act, which is currently operational in the oil and gas sector, must be extended to other sectors of the economy, including toiletries & cosmetics manufacturing. It should start with a legislation that will make the patronage of made in Nigeria goods mandatory for everybody.
The government at the centre should lead by example by ensuring that our military and paramilitary uniforms are made with fabrics of Nigerian origin. Nigerian contractors should be preferentially considered for jobs where they have expertise. Foreign contactors must adhere strictly to the Local Content Act by partnering with indigenous contactors to help them build capacities.
Government must do everything possible to empower the local industries to mass produce to satisfy the teaming population of over 160 million. For example, raw materials for conversion into finished product, which cannot be sourced locally, should not be levied more that 5 per cent duty rate and VAT waived for such materials. In toiletries & cosmetics sub-sector, some raw materials input are still being levied over 20 per cent in spite of the fact that local sources for such materials are not available.
- See more at: http://www.vanguardngr.com/2014/01/foreigners-taken-economy-man/#sthash.P8T5dwcr.dpuf

kenex4ever: Fool! U can't rule ur women u want to rule africa, ur girl can't date dirty apes like u dats y iyanya used and dumped yvone nelson, jim yke will soon dump nadia, j appiah divorced his dirty gaynaian huby and ran after boby obodo, juliet ibrahim divorced his gaynaian and ran after ik ogbonna but d guy used and dumped her. Yvon nelson after being dumped by iyanya said she can't date john dumelo dat she is waiting for iceprince or any naija guy to propose. We dominate ur business, ur women, ur life, ur movies.

sharaaaaaaaaaaaaaap magg0t! you dominate what? such a fooooooooooool! 80% of shitnigerians live in rented houses, compared with 22% in Ghana who gives a fvck about ugly bleached shitnigerian women? see your ape-looking women doing their ashewo thing all over Ghana arrant crap!

Thoughts on the 2014 NBA AGC
02 Sep 2014
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Legal Eagle By May Agbamuche-Mbu, Email: may.mbu@thisdaylive.com

http://www.thisdaylive.com/articles/thoughts-on-the-2014-nba-agc/187927/


The Nigerian Bar Association’s 54th Annual General Conference 2014 held in Owerri has finally come and gone after all the song and dance regarding the Ebola virus disease and whether the conference should hold or not. It is said that thousands of lawyers converged in Owerri, though the exact figures are somewhat debatable. However, what matters most is that the conference held and had in attendance the Speaker of the Federal House of Representatives Hon. Aminu Waziri Tambuwal who himself is a lawyer, his deputy Hon. Emeka Ihedioha, the Governors of Imo and Delta States, Rochas Okorocha and Dr. Emmanuel Uduaghan, the Attorney General of the Federation Mohammed Bello Adoke SAN, Justice John Fabiyi who represented the Chief Justice of Nigeria, Justice Cletus Nweze of the Supreme Court, General Yakubu Gowon, former NBA Presidents and Senior Advocates of Nigeria among a host of lawyers from the four corners of the country. Whichever way you slice it Okey Wali SAN ended his two year tenure courageously and with deep faith in his belief that the conference must go on Ebola virus or no. He was steadfastly confident that all precautions would be taken, with the help of the Imo State government and that all hands would be on deck and thankfully the conference went ahead without any casualties. Even at the opening ceremony itself Mrs. Olubunmi Eyitayo of the Federal Ministry of Health (Centre for Disease Control of Nigeria) gave a most informative health talk on Ebola.
At the end of it all a lot of serious work was put into organising a conference of this magnitude with months of painstaking meetings, speakers all geared up to give of their best, with countless arrangements and hours clocked up in preparation. Would not the organisers have wanted full scale attendance at the sessions and events? Going by the robust programme on offer the topics were not only relevant but they also had excellent speakers lined up to participate. Although not one to cry over spilled milk, I am still trying to figure out and understand the rationale as to why this conference was not postponed.
Mr. Augustine Alegeh SAN who has now taken over the presidency of the NBA has his work well and truly cut out, starting with the NBA Constitution. Just as we lawyers go on about the amendment of the 1999 Constitution, let us equally look inwards and first clean out our own Augean stables, then we can successfully hold our heads high and speak authoritatively on national issues. At the moment we as an association are a laughing stock and this must end, by all means and as soon as possible.
The theme ‘Nigeria A 100 Years After’ was well thought out. I particularly found a statement by Hon. Aminu Waziri Tambuwal in his remaks rather appropriate where he opined that ‘lest we forget, let me remind us that I am part of government and when I speak out on these governance failings I neither suggest that it started today nor that I am excluded wholly from blame, perhaps in house we can apportion blame amongst us. I am however strongly persuaded that the greatest disservice that man can do to himself and society is to indulge in self-deceit. If I see magnificent economic growth indices and after traversing our rural communities what I see is worsening poverty, I should have the courage to tell myself the truth no matter how bitter’. He could not have said it better. It is just that we are a nation of people who live in hope of a better tomorrow.
As is the norm with legal conferences of this nature the plenary sessions are a must and are not to be missed. This year the topics were not just important but also significant. The first plenary was titled ‘Nigeria: Any hope for An Industrial Revolution?’ and the second, ‘Appointment, Remuneration and Discipline of Judges: the Constitutional Role of the National Judicial Council and the Judicial Service Commission’. Every sector of the legal profession had their session namely, Sections of Business Law and Legal Practice, Human Rights Institute and Judges, British Nigeria Law, NBA Lawyers in the Legislature, Military Law, Corporate Counsel, Academics, Women and also the Young Lawyers Forums, Lawyers in the Media and Law Officers all competed to give oftheir very best to this conference with the challenging topics selected and all sessions chaired by distinguished legal luminaries and speakers of outstanding competence.
The Section on Business Law session had a topic ‘Providing Affordable Housing in Nigeria: Bridging the Funding Gap’ which was presented by the lead speaker Mr. Roland Igbinoba. [b]He analysed the Nigerian housing market where more than 80% live in rented apartments compared to South Africa where only 19% do and Ghana at 22%.[/b]He recommended bringing mortgages down market (and making houses cheaper), growing and developing housing micro finance and pursuing policy interventions all along the value chain.
Another session that stood out was that of the Law Officers with the topic ‘Prosecuting Terrorism and Crimes Against Humanity, Nigeria v Rest of the World’, chaired by R.A. Lawal Rabana SAN with speakers including the Attorney General of the Federation in this instance represented by Labaran Shuaibu Magaji, Mr. Charles Adeogun-Phillips of the International Criminal Court and Ahmed Raji SAN. In this session we were made to understand that Nigeria has attempted to reform in line with the Global Terrorism Convention and thus the power to prosecute terrorism which was originally given to the President is now conferred on the Attorney General. Furthermore, terrorism cases are being fast tracked but the challenge, not surprisingly, is the absence of counsel to defend terrorism suspects as no one wants to be so stigmatized. Mr. Adeogun- Phillips in his own presentation stated that ‘on the 21st of November 2001, Nigeria ratified the ICC treaty and the implication of this is that Nigeria becomes a member of the International Court. One valid provision in the International Criminal Court (ICC) statute is that it operates in conjunction with the domestic laws we have and is not a substitution thereof. Accordingly, there has to be proof that Nigeria has actually investigated the act and failed before the international law can be upheld. The proper procedure is to domesticate the international law into our own laws so we can be able to prosecute these crimes. It is suggested that every member of the treaty should be given the opportunity to prosecute these crimes first and then if it fails to do so, the international court can thereafter intervene. This is what he referred to as the ‘do it yourself’ approach and that we need certain mechanisms in place to do this.
The Annual General meeting itself provided for the presentation of reports by various legal bodies such as the Council of Legal Education, Corporate Affairs Commission, Legal Aid Council, National Human Rights Commission, Nigerian Institute of Advanced Legal Studies and the Law Reform Commission. Of particular interest was the report by the Council of Legal Education (CLE) which stated that Professional Ethics has been reintroduced as a separate and distinct course with the establishment of a substantive professional ethics and skills department in all campuses. One of the challenges faced by the CLE is the violation of admission quota by universities which has stretched their human and infrastructural facilities over the years and this is oftentimes done with impunity. In a bid to foster continuous legal education, the CLE is forging a partnership with Ethics and Advocacy Africa, a US based non-profit organisation whose mission is to assist in building the capacity of qualified lawyers for better service delivery.
The Council has also concentrated on renewal and completion of ongoing projects such as the completion of the abandoned students’ hostel and repair of the Sir Adetokunbo Ademola Hall in Lagos, completion of the students’ hostel in Enugu campus, completion of the hostel and staff accommodation in Kano and so on and so forth.
In view of the inadequate funding by the government, the Nigerian Law School (NLS) which comes under the auspices of the CLE and has decided to seek ways to get support and donations from its alumni, and also open an alumni development office.
When all is said and done, what comes next with all these worthy recommendations, reports and communiques? The Government of the day need not look any further: the NBA should be on hand to help this country reach its heights if - and only if – it has willing collaborators.

Ekiseme: how can you rule when you're still under someone's(NIGERIA) care?

hahahaha how can nigerian care for anyone when it is a sh1thole? the armpit of the world? how can your country care for anyone when it cannot care for itself? stop smooking weed,huh? nigeria is a sh1thole. end of story

hahahahahaha fuckeduppedness how can any sane human being take this crap report seriously? I this report was written by a nigerian journalist who clearly had an agenda. the nigerian koliko press will publish anything so long as it makes their country look relevant. Apart from Robert Davis, whose intention is clearly to promote his own company to nigerians, who else was quoted in the report? was there any reference to an official statistics to support the claim?NO All we read is some Robert Davis, who is not even Ghanaian, making some audacious claims which the reporter did not even bother to verify. and this nonsense is being hailed as the truth? hahahahahaha ask nigerians in Ghana whether indeed they control 50% of real estate chei, what funny people funny country is this how journalists in nigeria write their articles? heard some funny stuff about the nigerian media but this clearly the most absurd

[s]BY MADUKA NWEKE ON SEPTEMBER 16, 2014

Having soaked the real estate business in Nigeria market, investors have demonstrated burning investment appetite with their dominance of Ghanaian real estate market where they account for over 50 percent of the total transactions in the country’s bourgeoning middle and high end markets.

According to Robert Davis, the Marketing Manager of Movenpick Ambassador Hotels, developers of Ambassador Heights Luxury Apartments, Nigerians are the prime movers of premium real estate transactions in Accra, the country’s capital.

Davis hinted that demand for the 18-unit Ambassador Heights has been quite encouraging with Nigerians securing 50 percent of buyer-interest in the 21st century development located in Ghana’s most coveted location, placing them ahead of local investors who share the remaining 50 percent with foreign clients.

He said that with the encouraging demand from Nigeria, the country was their next destination, affirming that Nigeria property market has great growth potential and huge opportunities for investment.

Though, Nigerians are more visible in the residential segment of the market, they are at the same time no push-overs in the commercial segment where the development and ownership of some quality high-rise office buildings in the heart of Accra, are linked to Nigerian business moguls.

The developer noted that the Ghanaian real estate market attracts foreign direct investment not only because of the quick value appreciation and high rental yield of real estate assets estimated at 10 percent per annum, but also because of the security, socio-economic and political stability in the country, pointing out that the challenges experienced by the country’s currency was gradually easing off.

Davis noted that the Ambassador Heights could deliver world class design adding that, with its modern glass facade, manicured private gardens, and beautiful interiors complete with luxury finishing, fittings, and appliances, it could complement an unrivalled ownership experience.

“It is designed to be an urban sanctuary within the city for a privileged few, offering immediate access to all of Accra from the vibrant central business district to the sprawling seashore. Merely minutes away from the Arts Centre, the National Museum, and directly opposite the country’s National Theatre, there is no shortage of local culture and entertainment to cater to those with a discerning urban lifestyle”, he said.

Davis described Ambassador Heights by virtue of its location as a 5-Star mixed use development in which the hotel and the commercial space have been fully completed. He assured that buying into this development even as an investment makes much economic sense.

“Accra is the nerve centre of ‘New Ghana’ and all it stands for where the middle class income earners are witnessing a renaissance in attitude. There is also an awakening spirit of entrepreneurship and consciousness towards art and luxury, where comfort is a major factor in every lifestyle.

According to him, there is no better statement than living in this Accra’s premier downtown address, explaining that it is one steeped in history with a clear view to the future and a distinct feel of a refined luxury lifestyle[/s]

luigiajah: 1. Uncultured Country. Where Tv presenters tuck in their shirt in a wrapper they haven't washed in ages
2. What you think of when you purchase a p*rn movie
3. Ugly Charcoal Faced Baboons
4. Poisonous Food, Weed Everywhere
5. Ugly Whores and Pot Bellied Men
6. Many People Meant To Be an Abortion
GHANA GHANA

Can anyone tell me how many nigerians have access to electricity, potable water, motorable roads, personal security, quality education, health care? What is the infant mortality rate in nigeria? What is the maternal mortality rate?

Dummy, what name do you give to a country of kidnappers, ritualists, pr0stitutes,419ners, scammers and spammers, terrorists, militants, armed robbers, book haram, friggin eediots rule? A country where nothing works?

mrham03: all hail the mighty little ant of africa. Nigeria where humans are burnt like firewood. Smh

the largest country of apes