₦airaland Forum

4 WHERE! Yorubas should send yyibo killer,eko ile,agbameta,geez,to go and rescue their lost forgotten land from their oga at the top

APC lack political ideas see this one don copy APGA style 2moro he will come out and shout eko ni ba jeoooo

aboki slaves for how long

chai yoruba don cook another lie againooooo this yyibo people ahhhhhh omo jadijadi

ikeyman00: @@@


modernise wattttt?

ur mean the tiger face hmmm

i was shocked when i came across this news on van never knew that igbos are the top property developer in lagos,especially VI lekkis axis....now i no why dey cry may be FFK na one of him tenant

Why cost of developing properties is high in Nigeria—Ogbonna

on December 28, 2013 / in Business 12:20 am / Comments


By Moses Nosike

Chief Solomon Ogbonna, is one of the foremost building developer in Lagos, particularly Lekki/Ajah axis, where he has developed a lot of properties with first class building materials equal to international standard. In this interview with Moses Nosike, he reveals why cost of developing properties is high in Nigeria, blaming government for its inability to promulgate housing policies that could enable the masses afford and own houses in Nigeria. Excerpts:

satbusinessWith your experience as a developer, what can you say about building development in Lagos, Nigeria?

I would not have much to say, only when you look at building in development in Lagos, you would find out that much has been achieved especially in Lekki axis. For instance, in 1991 when I came to Lekki area, at Ajah where I built my house, a plot of land was sold N60,000 at Ado road.

A two plots of land say 120 x 60 was sold for N120,000, but today it goes for N15m and when you come to Lekki Phase I as at 1989 and 1990, a plot of land was sold at 2.5m, but today, it goes for N100m or N110m depending on the site of the property. So, development in these areas have risen that you can’t even compare it to Abuja and other states.

However, one of the challenges in developing properties these days is that it takes time before you sell them. A plot of land with cost of development could cost you N45m and you are looking for N55m, that could take you one year or more before you can see a buyer. Again, it is capital intensive so, you don’t always rely on it to meet your daily needs, you still have to be doing other things for supplementary.

Do you think government, developer have role to play to ensure that cost of developing properties is reduced for the masses to afford it?

Well, the death of Mandela should be a lesson to our leaders if they want to learn. It shows that we are pilgrims on earth, so one day whether we like it not, we shall leave the earth.

In terms of reducing the cost of building development in Nigeria, our government is not helping matters at all. They are concerned in building estates for their class of people and giving it out for N35m to N40m for a three or four bedroom flat. With such amount, how many civil servants or individuals can afford it.

So if government had made it affordable for the masses, even the cost of building materials will go down. For instance, what Jakende did in Lagos for both the rich and common people. People were able to afford flats then.

But not with this government that builds for their friends, commissioners and fellow excellencies. It is high time government started building for the poor masses of this country. We have the resources to do that, Nigerians are in need of accommodation.

We’ve had several building collapses in the country with much accusation on developers for using inferior materials, what is your take?
For me, there is individual differences. There are some people who always go for the best quality materials either in clothing, building and other things they do.

For instance, if you want to develop a two storey building and you have a concrete foundation with about 9mm iron and with nothing less than 4ft foundation and you cast it with a hardcore, I tell you there is nothing like collapsing after building. Most times people complain of the materials used but I don’t see materials as the problem.

Sand, water, iron and others are natural things, but it depends on the quality the builder applied. Some developers want to be economical in material usage because they want to make enough gain after building having in mind that they would not be the one to live there. So, the foundation and decking is the real building not the beauty of the structure.

If you develop a building without a solid foundation if it collapses tomorrow, you will lose. The challenge is that sometimes people get away with all these things because they are connected. In countries where rule of law is active, such developer will face the music. Most building I’ve developed I didn’t joke with their foundation because that is the primary thing needed with developing a property.

Major challenges of developers…
Five, six years, developing properties were easy because banks were assisting developers with credit facilities with considerable interest rates.

But today, reverse is the case. You hardly can get a loan from banks, the conditions are unaffordable except you are close relations of big business people that have made it. Those big transport owners with 100 luxuries, 200 lorries they are the ones banks consider. They don’t give money to small business owners, they feel their money is more secured with big tycoons.

They forget that those big ones started with little. Before now I used to obtain bank draft with my bank. So developers provide every of their capital by themselves.

In Nigeria today, nobody thinks about merit, but position before you got anything. Until you belong to their clicks you can’t benefit. They don’t think about the future.

How do we move housing development forward in Nigeria?

Like I said, banks should be giving loans with low interest rate so that cost of developing properties would reduce and at the same time, the masses can afford it. For government, I always say they know what to do because most of them were poor and experienced what common Nigerians are experiencing today.

Some of them didn’t acquire good certificate before they joined government. Years ago, when you complete your school certificate, companies will employ you. But today with your degree and masters you hardly can get employment.

They prefer to use cheap labour with school certificate holders to do the job. Nobody is ready to build affordable houses for the masses in this country. Government can build a low cost housing where an average Nigerian can pay N2000 per month. And those with steady income can own a house through installmental payment.

In Libya and other countries governments develop a good housing policies for their citizens and execute it and citizens own houses at reduced rate. Nigeria is a place where people don’t listen to their conscience.

A country where people in government own 200 houses in prime area of cities and he is not concerned about his staff who live in boys quarter without water hitter during harmartan. How do you expect somebody who has not cared for his workers to think of building for others?

Your recent project…
I have concluded two storey buildings within Lekki. I also have buildings in Yaba and Ikeja, and I have more land for sell.

- See more at: http://www.vanguardngr.com/2013/12/cost-developing-properties-high-nigeria-ogbonna/?utm

tigger56: Am currently tracking ur email address, ip, maybe get ur facebook profile and when I do.....YOU DON DIE.....I go kill u I swear....uve made I and my friends Tribalist and mr.....YOU. DON DIEEE!!!!!

trigger 56 where u crawl out from chai i don kpeme

cashkid18:

the pix is clasic ;Dhahahahahahah typical yoruba girl...dey black too much this one no need to hide for night how u go take see am

phase1: If i agree with your bolded that Igbos are crazy...aren't you also implying that you are poor...just saying. I mean this is logic here

Logic1:mad people go to poor places for greener pasture
Logic2: Igbos are crazy.
Logic3:Igbos go to yorubaland for greener pastures
Full Logic: Yorubas are poor.

na your mouth talk am o...no b me.

thanks for the reply because laugh was nacking me for ground since i read that comment i swear i don see character for this place chai

agbameta: Coming from you parasites daily trooping to other people's land for survival and sustenance. You ever asked yourself why your forefathers left your land and why generations later are still leaving and heading to Yoruba land with the same parasitic culture?

Btw who is we? Everybody dey talk, dog too yell for attention...smh..

is it lagos? osun boy your dry hot state generate merely 200 million naira a month na that one dey enter ur head?

naijaking1: They're still enjoying the loots of the civil!

civil loots will soon end by the time GEJ switch off the tap,their elite parasites will not see crude to suck anymore, like lice in the head they will fall out come and see APC foot soldiers in action.They will use red eye and rush them and collect what remain in their oga belle

eaglechild: Thanks for providing the recent stats.
Almost half of SWesterners live in abject poverty.

Imagine what happens if Lagos which has Igbo as the predominantly rich percentage is removed, then poverty rate will be about 80%.

chai 80%?this one na republic of somaoduduwa nawaooo poverty don enter them wellaa "infact" i don vex,am going back to my backyard to switch-off that oil tap.Anytime i go my place come see those pipe lines inside me i no what belong to us is feeding these APC=ALL PARASITE EYES ON CRUDE.E dey vex me seriously

collynzo2: Biggest deficit from South East = N27 billion
Smallest deficit from South East = N 2 billion
.
Biggest deficit from south west = N38 billion
Smallest deficit from South West = N17 billion
.
I guess we now know who the biggest parasites are.

we spoon feed the nation oill give them oxygen right now so if GEJ one day decide to switch off the power it will be a desaster for our parasite

agbameta: Not really, that bridge belongs to JB for 30 years before it returns to the people of Nigeria. We are not paying for this bridge, ibo people are paying for it.

osun nrara the air condition bridge abeg i want to see this sophisticated bridge in ogun abeg drop ur number make i call u when i miss road...no worry about how much yyibos go pay for toll osun boy

alj harem: Igbos you can't keep hating others and think all will be fine. Now you need Julius Berger Nigeria ask yourselves who the owners are and you will see that you cannot do everything yourself. This is why we do not throw stone at a market place because it may hit our relatives.

Jb will build it so long as 60-70% goes to the,owners. Also it Must be toll at a rate of 2000 naira per pass for the next 50 years.

I love my se governors. They are the best.

so Julius Berger is now your fathers company? mine oh mine,so with grey in ur head and pubic hair u still think like a cow.Have u taken ur medication?

another headache again oooh yyibos no no no not the second niger bridge

this one na another headache for 2014 aaaaahhhh yyibos again oluko jesu!!!

The Deputy Speaker of the Federal House of Representatives Emeka Ihedioha has said thatthe incumbent governor of Imo State Rochas Okorocha must leave office in 2015.

Speaking to journalists in his country home Mbutu in Aboh Mbaise Local Government Area of the state yesterday, Ihedioha said, although he had nothing against Okorocha, he did not want him to govern the state beyond 2015.
Ihedioha, who belongs to the PDP, said several groups have been urging him to join the governorship race in the state. If he does, he may challenge Governor Okorocha who belongs to the APC.The lawmaker said he was still consulting the people on the matter, adding that he had all it takes to become the governor of the state.

He challenged those who want to contest for governorship post in the state to present their scorecards to the people and allow the electorate to make their own judgment.

http://www.imostateblog.com/2013/12/26/okorocha-must-leave-douglas-house-by-2015-ihedioha/

agbameta: Why are you crediting GEJ? Is he the Aviation minister?

aviation minister that you and sahara reporters,FFK,fashola etc wanted her head for for doing good for the country,this is the reason i said earlier that APC lack ideas and political sorphisication

APC could have convince a lot of people if they were not trabalistic in the first place because they are doing good as an opposition,but they lost it in the long run due to lack of ideas to tackle PDP head on,they become more tribal instead that was their down fall...What can old cargoes like buhari yarima, OBJ,kwankwaso to do exactly what for them?it show they lack sophistication in politics

GEJ is the best thing that ever happen to nigeria believe me

theoctopus: You remind me of those area boys who always brag at bus stops!

under the bridge shouting aaahhh ogbeni kilode aahhh omo yyibo ni aaaaahhhhhh

when i tell people that GEJ is the only president that ever care for his people they will not listen they rather support those politicians that dnt give a fk about the masses and their welfare GEJ is the best that ever happen to this country

wirinet: See bragging. 3 igbo states supply oil and gas? abeg which 3 states? and how much oil and gas are they supplying? it is easy to calculate, just look at the amount they get from 13% derivation and you would have an idea. I am sure my village produces more crude than any of the three states and you say my region is benefitting from your meager supply.

I am very your state do not contribute a drop of oil to Nigeria and you are here accusing others of benefitting.

u see what am saying,u assume that am a parasite like you yorubas clinching on our oil like no tomorrow,cant you guys survive without my black gold? get it clear my friend i can go and take a photo of oil spill in my back yard and post it here can u do the same? and stop using multiple ID itsekiri man or wana be

Orlando Owoh: Is it a curse for Ibo to stay without attaching themselves to other parts of the country?

u dont get it dnt u?itsekiri are even minority in delta state,am not from SE mind u check my profile,we are joining our people is it a crime?

wirinet: Two questions:
1 . If what you are seeking is true love from the other side, how is Biafra or in other words free igbo territories going to help you achieve that?

2. How much oil exactly do you have in alaigbo, just give me the data on proven oil reserves to support your allegations that they are only after alaigbo oil.

dont worry about how we are going to achieve it,worry about urs,you people really believe oil reserve in alaigbo is not enough hahahaha igboland is surrounded with billions and trillions of oil and gas your leaders are not telling you the truth.
we can argue how much percentage of oil and gas is in alaigbo which i believe their oil still exploited everyday in nigeria since 1956 still they have not touch up to 20% in reserve,last time i check 3 igbo states supply oil and gas 24/7 and your region is benefiting from it

wirinet: We are getting tired of the cacophony of noises coming out from BIafrans. What exactly is their demands? we hear is we want to leave Nigeria because Nigeria is holding them down, another day we will hear we want to leave because an igbo man has not been given the presidency of Nigeria other times we hear amalgamation was a mistake and the igbos never wanted a united Nigeria (meanwhile the forget to tell us that the igbos were the main promoters of Nigeria pre- independence )

What exactly do the biafran want?

Are they saying the cannot live with other Nigerians? in that case are they prepared to leave other Nigerian cities and states and head back to their states where they would feel comfortable with their brothers?

Are they so obsessed with an ignore man answering the title president, that they would not mind slicing up a portion of nigeria just for that purpose?

I for one do not care whether biafra happens or not, as long as they do not come near warri (I mean any of the three warri local governments). But I will be weary of having a very unstable country as a neighbour because succession among igbos is usually a very acrimonious affair, so one can imagine what the fight to bear the title president would entail ( an example of what is happening in south Sudan )

So bring forward your proposals on your Biafra? what are the boundaries? how do you hope to relate with the others, especially other tribes of the south south who have access to the sea.

So far all we have heard are hollow emotional outbursts with no concrete proposal or plan

we want Biafra or free igbo territories because we are tired of fake love among us from the other side.Is only our oil they are after but they will not allow us to rule nigeria in peace eg GEJ

IGBO_1ST_SON: , for ur mind,make we leave obigbo,omumma,etche and egbema alone abi?idiot ogoni person,who dey beg u?na so gowon lie 4 una say igbo want una because of oil,now we know who deceive who,abi u don 4get wetin abacha do dat saboteur wey u call hero called saro-wiwa?abi u wan join am?idiot,4 biafra una say igbo go thief our oil,now ur pple dey perpetual slavery and suffering 4 una sabotage ur egbons,ek clark and asari-dokuboh still dey complain,taa mechie onu onye ogoni pio pio.

ogoni still get mouth dey talk

i keep wondering the reason why yorubas especially are only group that panic a lot when ever igbo form SS/SE want to form a country?they should stop panicking we will help them financially before they can stand on their own...seee fear full their body

IGBO_1ST_SON: , nna lekwanu ofeke,who EVER WANTED itsekiri in BIAFRA?deluded fool,stop feeling important,you are nobody niqqa,ur most popular and accomplished pple of not are uduaghan and prof itse sagay,u wan compare urself 2 igbo?when u NEVER reach an igbo offshort dat denies its root viz:ikwerre, u be mumu oooo

pls nwanne i wan no if itsekiri population reach up to 500 thousand self? cus we don't notice them only on NL

DerideGull: Sheeggs

Are you also a deformed Itsekiri in an aberrant denial of his/her ethnicity

for real, itsekiri with too many ID typical of them

Segeggs: ...same way all fake ibos in SS will be sent packing to SE.

sounding like a lunatic will not change the fact that you guys are the parasites pls come and chase delta igbos away if ur mama born u well