₦airaland Forum

“Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!” - John Jacob Astor, real estate and business mogul.

An investor without investment objectives is like a traveler without a destination.” Anonymous

“If you buy things you do not need, soon you will have to sell things you need.” Warren Buffet

“Wealthy people invest first and spend what’s left and broke people spend first and invest what’s left.” Anonymous

Invest in yourself, you can afford it, trust me.” Rashon Carraway

“Everyone wants a piece of land. It’s the only sure investment, it can never depreciate like a car or a washing machine.” Russel Sage

“Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous

Call Stella Ayomide on 08139956915 for further inquiry on this amazing product/offer and professional advice on Real Estate investing.

“The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of a company that can go bankrupt.” Jim Rogers

What is expected of Dangote Refinery can be likened to betting on Moses Simon to win the Africa Cup of Nations for Nigeria.

The great expectation of the government and many Nigerians is that the world’s biggest single-train refinery will somehow contribute to the resolution of the country’s petrol subsidy woes and boost economic growth. It will not be that simple, according to estimates by local and international economists surveyed by BusinessDay.

Official estimates of the what the refinery will add to economic growth — 0.6 percent in 2022 and 2.2 percent in 2023 — assume it will start producing at once all the petrol that Nigeria consumes.

After years delays, Dangote Refinery, will to start with a processing capacity of 540,000 barrels per day between August and September 2022, and hit full capacity at the beginning of 2023.

Economists who spoke to BusinessDay are, however, more conservative when it comes to the prospects of whether the refinery can put Nigeria out its subsidy misery which cost the economy over N12 trillion in the last ten years.

The estimates of economic impact by a leading multilateral agency assume that if the refinery starts this year it will produce only 10 percent of its capacity, and 20 percent next year. It will only achieve full capacity after 2025. Under these assumptions, the refinery’s addition to growth measured by GDP is more likely to be 0.1 and 0.4 percent in 2022 and 2023 respectively.

Economists at the agency add that the impact of domestic refining of petrol will have muted effect on the cost of the petrol consumed in Nigeria given that only the cost of freight will be eliminated.

This appears to dampen the message being put out by senior government officials about the $15 billion Refinery complex which is designed to produce about 50 million litres of petrol.

While it the refinery will reverse the huge petrol import trend, it’s coming on stream while boosting economic growth will be insufficient to plug Nigeria’s foreign exchange hole by itself.

“It is expected that the coming on stream of the Dangote refinery in 2022 will impact positively on the downstream sector of the economy”, said Muda Yusuf, the former director-general of the Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s oldest private sector advocacy group.

The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, believes this development will solve Nigeria’s constant back and forth with petrol importation most especially and opaque subsidy regime which has blindfolded the federal government from channelling more money into other critical sectors like healthcare and education.

The economists BusinessDay surveyed say there are two ways to supplying the market with petrol. Nigeria can either sell crude oil to the highest bidder and import petrol from the lowest-price bidder or refine locally.

In each of the two cases, what government earns as oil revenue in either case should be the same; the refinery abroad or at home buy crude oil, the basic raw material, at the prevailing international price.

Economists calculate that the shipping cost saved from refining locally will range between $0.01 to 0.015 per litre. Benchmark petrol prices, however, are set in major global refining hubs where economies of scale and other efficiencies keep costs low, possibly offsetting shipping costs.

Therefore, unless the market price of petrol produced by the a local refinery is the same as the current subsidised price, the government will continue subsidising petrol.

What if the federal government insist crude oil be sold at below market prices, just enough to cover the cost of production and delivery to local refineries, so as to protect Nigerians from the volatility of global oil prices?

It will entail an enormous economic and fiscal cost, say economists that spoke to BusinessDay. It will discourage investment in new oil production, cause oil production to drop (Nigeria’s oilfields have a natural production decline rate of about 10– 15 percent a year) and government revenue, from taxes levied on oil profits, will plunge.

And above all, they say keeping petrol prices artificially low will fuel a vicious cycle of smuggling and over-consumption.

Biodun Adedipe, an economist and chief consultant, BAA Consult, thinks the refinery’s impact will be huge but insists it won’t fix every Nigerian problem.

“The Dangote Refinery will not solve the myriad of challenges bedevilling Nigeria’s downstream sector such as lack of transparency, accountability, the domineering stature,” he says.

For Adedipe, the Dangote Refinery is built on dollar-denominated financing, which means the project would focus on speedily generating the dollars to service and repay those loans rather than sell cheap petrol.

“The pump price of petrol from Dangote Refinery will reflect the market price of crude and cost of production, which will not be static at any point,” Adedipe notes.

Israel Aye, the managing partner of the Commercial and Energy Law Practice (CELP) believes that “the only difference that would happen if Nigeria’s supply was coming from in-country would have been the freight price.

But whether it is coming from outside or coming from within, it will be about the same cost because when you import, the only difference is that you will have to pay the freight.”

As of February 1, 2022, upturn in the price of Brent Crude pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria to over N282 per litre, thanks to a freight cost of $26.77 per MT (N8.31 per litre), according to Platts, a global energy and commodities data provider.

“There is nothing like an opportunity for buying things at a cheaper price, it will be based on the international standard,” Bello Rabiu, formerly the chief operating officer, Upstream at Nigerian National Petroleum Corporation (NNPC), states.

Other cost elements that make up the landing cost include lightering expenses (N4.81), Nigerian Ports Authority charge (N2.49), Nigerian Maritime Administration and Safety Agency charge (N0.23), jetty throughput charge (N1.61), storage charge (N2.58), and financing (N2.17).

In Africa’s biggest oil producer, the pump price is the sum of the landing cost, wholesaler margin (N4.03), admin charge (N1.23), transporters allowance (N3.89), bridging fund (N7.51), marine transport average (N0.15), and retailer margin (N6.19).

“The hope the Dangote Refinery brings is refreshing but relying on a single project to rescue the oil and gas sector of the world’s 13th-largest crude producer points to the years of neglect that has riddled the sector and its damming frailty,” Joe Nwakwue, former chairman of the Society of Petroleum Engineers (SPE), says.

Other experts are unanimous in their views that full deregulation would, in the long run, benefit ordinary Nigerians, and positively change the industry’s fortunes forever if the government put the right structures in place.

“Without full deregulation in Nigeria’s downstream sector, we shouldn’t expect any miracle,” Nwakwue states.

At a recent foreign investors’ meeting in New York, the Central Bank of Nigeria governor, Godwin Emefiele, stated that Nigeria’s import of petroleum products that accounted for 30 percent of its forex could be reversed by the successful commencement of operations at the Dangote Refinery.

“The Dangote Refinery once it begins production would be a major FX saving source for Nigeria,” the governor said, adding that “if the 650,000” daily barrels that will be produced from the refinery will “be sold in naira it would be a major FX saver for Nigeria.”

The CEO of Financial Derivatives Company, Bismarck Rewane, is not as optimistic. He says whatever Nigeria gains in not using dollars to buy refined petrol is almost equivalent to what it will forfeit by giving up 650,000 barrels of crude daily that it can no longer sell and earn dollars from.

“That Dangote Refinery can be a silver bullet to solving Nigeria’s foreign exchange problem is a misunderstanding of the facts. It will help in reducing refining cost, it will help in reducing transportation cost but it is the oil that you are going to export that will give you a dollar,” Rewane said recently.
Culled from Buisnessday

“The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of a company that can go bankrupt.” Jim Rogers

Invest in yourself, you can afford it, trust me.” Rashon Carraway

....... ......

. “Wise spending is part of wise investing. And it’s never too late to start.” Rhonda Katz

“Formal education will make you a living; self-education will make you a fortune.” Jim Rohn

“Real estate is about the safest investment in the world.” Franklin D. Roosevelt

“The largest 100 corporations hold 25% of the worldwide productive assets, which in turn control 75% of international trade and 98% of all foreign direct investment.” Peter Drucker

. “Real estate is about the safest investment in the world.” Franklin D. Roosevelt

“If you want to be truly successful, invest in yourself to get the knowledge you need to find your unique factor. When you find it and focus on it and persevere your success will blossom.” Sydney Madwed

“Investing puts money to work. The only reason to save money is to invest it.” Grant Cardone

I believe educating one self is the key to living an authentic life ��

1.Hot water will turn into ice faster than cold water.
2.The Mona Lisa has no eyebrows.
3.The sentence, "The quick brown fox jumps over the lazy dog" uses every letter in the English language.
4.The strongest muscle in the body is the tongue.
5.Ant's take rest for around 8 Minutes in 12 hour period.
6."I Am" is the shortest complete sentence in the English language.
7.Coca-Cola was originally green.
8.The most common name in the world is Mohammed.
9.When the moon is directly overhead, you will weigh slightly less.
10.Camels have three eyelids to protect themselves from the blowing desert sand.11.There are only two words in the English language that have all five vowels in order: "abstemious" and "facetious."
12.The name of all the continents end with the same letter that they start with.
13.There are two credit cards for every person in the United States.
14.TYPEWRITER is the longest word that can be made using the letters only on one row of the keyboard.
15.Minus 40 degrees Celsius is exactly the same as minus 40 degrees Fahrenheit.16.Chocolate can kill dogs, as it contains theobromine, which affects their heart and nervous system.
17.Women blink nearly twice as much as men!
18.You can't kill yourself by holding your breath.
19.It is impossible to lick your elbow.
20.The Guinness Book of Records holds the record for being the book most often stolen from Public Libraries.
21.People say "Bless you" when you sneeze because when you sneeze, your heart stops for a millisecond.
22.It is physically impossible for pigs to look up into the sky
23.The "sixth sick sheik's sixth sheep's sick" is said to be the toughest tongue twister in the English language.
24."Rhythm" is the longest English word without a vowel.
25.If you sneeze too hard, you can fracture a rib. If you try to suppress a sneeze, you can rupture a blood vessel in your head or neck and die.
26.Each king in a deck of playing cards represents great king from history.
Spades - King David
Clubs - Alexander the Great,
Hearts - Charlemagne
Diamonds - Julius Caesar.
27.It is impossible to lick your elbow.28.111,111,111 x 111,111,111 = 12,345,678,987,654,321
29.If a statue of a person in the park on a horse has both front legs in the air, the person died in battle.
If the horse has one front leg in the air, the person died as a result of wounds received in battle.
If the horse has a all four legs on the ground, the person died of natural causes.
30.What do bullet proof vests, fire escapes, windshield wipers and laser printers all have in common?
Ans. - All invented by women.
31.Question - This is the only food that doesn't spoil. What is this?
Ans. - Honey
32.A crocodile cannot stick its tongue out.33.A snail can sleep for three years.
34.All polar bears are left handed.35.American Airlines saved $40,000 in 1987 by eliminating one olive from each salad served in first-class.
36.Butterflies taste with their feet.37.Elephants are the only animals can't jump.38.In the last 4000 years, no new animals have been domesticated.
39.On average, people fear spiders more than they do death.
40.Stewardesses is the longest word typed with only the left hand.
41.The ant always falls over on its right side when intoxicated.
42.The electric chair was invented by a dentist.
43.The human heart creates enough pressure when it pumps out to the body to squirt blood 30 feet.
44.Rats multiply so quickly that in 18 months, two rats could have over million descendants.45.Wearing headphones for just an hour will increase the bacteria in your ear by 700 times
46.The cigarette lighter was invented before the match.
47.Most lipstick contains fish scales.
48.Like fingerprints, everyone's tongue print is different
49.99% of people who read this will try to lick their elbow
50.98% of people who read this, don't know What is SEO?
Ans:  search engine optimization

“Investing puts money to work. The only reason to save money is to invest it.” Grant Cardone

ZION GARDENS PHASE 3 ESTATE
LOCATION: Coastal Road Leading to VI, Eleko, Ibeju Lekki

TITLE: Excision

ESTATE PROJECTED PLANS:
• Perimeter Fencing Good Road Network
• Street Lights
• Shopping mall
• Gated Fence
• 24 Hours Security Guard
• 24 Hours water supply and treatment plant
• CCTV Cameras
• Mart Houses

NEIGHBOURHOOD
• Free Trade Zone
• Dangote Refinery
• Eleko Beach
• Atlantic View

PRICE
N3.5M 600 SQM
N1.750M 300 SQM
N2.625M 450 SQM



PROMO
BUY 5 PLOTS OF 600SQM AND GET ONE PLOT FREE (600sqm)

SITE VISITATION TAKES PLACE ON:
Weekdays: Monday-Friday
Weekends: Saturday
Time : 10am

Call Stella Ayomide on 08139956915 for further inquiry on this amazing product/offer and professional advice on Real Estate investing.

“You will come to know that what appears today to be a sacrifice will prove to be the greatest investment that you will ever make.” Gordon B. Hinkley

“The largest 100 corporations hold 25% of the worldwide productive assets, which in turn control 75% of international trade and 98% of all foreign direct investment.” Peter Drucker

“When you invest, you are buying a day that you don’t have to work.” Aya Laraya

“An investment in knowledge pays the best interest.” Benjamin Franklin

“The wisest rule in investment is: when others are selling, buy. When others are buying, sell.” Jonathan Sacks

“Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous

“The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of a company that can go bankrupt.” Jim Rogers

“Invest in yourself, you can afford it, trust me.” Rashon Carraway