₦airaland Forum

kmcutez:
As a south south person, because of this thread to demarket the south south, I will not vote any south west candidate for president. I urge all my south south brothers and sisters to follow me. Karma will catch up with any region that think they are slick and try to demarket any region with lies. The op did not see the massive ritual killings going on in his backyard. God will punish this poster severely.

yashau:
https://www.legit.ng/1436052-list-sates-can-survive-any-federal-allocation.html

kjhova:
6) The appearance of the British government of Lagos was a game changer for all. By the 1890s, almost all of the former Oyo empire have been perpetually at war for more than 50 years! So much lives had been lost, economy ruined, and all...the British hardly needed to shoot a bullet to take over the entire structure, except for an ill-advised stand-off by the Ijebus which led to full-scale bombardment of their land (something the Brits repeated in Benin few years later). Even Ilorin was taken without a fight! All of the squabbling lords were all that tired of the long drawn war!

Addendum:
For the historians here bickering about wether Ibadan usurped Oyo's powers or was doing Oyo's bidding and wether Ibadan lost or won the war, kindly note that a key part of the British guaranteed peace agreement was the recognition of Ibadan as the paramount Oyo city and the promise that Ibadan shall be named as the capital city of any future political structure to be created. The British fulfilled this pact when Ibadan became the capital of the Western Region later on.

Banmeallday:
I love Yoruba, but Fulani are still marching and frankly all Yoruba governors till date are in their pocket

Shuku0kukobambi:
I love the thread. Indeed a lot of young yoruba don't know what happened in the past. Threads like this open their minds and broadens their horizons. Kudos to seunmsg, Y0ruba and others for their rich input

Rent rise by over 50 per cent in major locations

Rental homes are getting more expensive in Southwestern cities as professionals and young families struggle to pay exorbitant rents demanded by landlords.

The shortage in affordable homes has been the driver for high demand, leaving those that need homes at the mercy of landlords.

Many professionals struggle with high cost of living close to their offices, except high-income earners who could afford expensive rents in city centers. While most families still earn the same salary before and after the peak of the COVID-19 pandemic, the cost of living keeps skyrocketing.

With the existing payment structure, which allows landlords to collect rent up to 12 months in advance or sometimes two years, the ability of prospective tenants to pay is hindered by inflationary trends, which impact the cost of living.



Rent control has not been effective in Nigeria as market forces determine the real estate market and the private sector leading the drive for housing delivery. Thus, market forces such as demand and supply rule the market.

In Lagos, locations such as Ikeja Government Reserved Areas (GRA) and its surroundings like Maryland, Mende and Shonibare estates remain the most expensive on the mainland with rentals for three bedrooms starting from N1.9 million to over N4 million. Four bedrooms start from N3 million. Before now, landlords charged between N1 million and N1.2 million for a 2-bedroom apartment.

Rent in downtown Lagos is also increasing as the area welcomes more development projects like the ongoing Dangote Refinery, Lagos Free Trade Zone, 4th Mainland Bridge and new cities like Alaro City, which are expected to come on stream. Rentals for a three-bedroom flat in specific locations such as Southwest Ikoyi, Victoria Island and Banana Island, start from N3 million.

Banana Island still commands the highest rental values across all property categories and maintains its status as the most expensive location in Nigeria. As the cost of rent continues to soar, people living in highbrow areas are forced to relocate to Arepo, Magboro, Sango Ota, Mowe, and other sub-urban parts of the state.

A Lagos-based estate surveyor and valuer, Mr. Richard Olodo who confirmed the development stressed that in most cases there has been about 10 to 50 per cent increase.

Although, he said where some are increasing, others are bringing down rent depending on locations.

Olodo said: “If you talk about Ikoyi now, some are reducing rent so that the property will not be unoccupied. But in other areas where rents were minimal like lkeja, Maryland, Surulere, where you have people from Island coming to compete with them because they couldn’t afford rent on the Island, it is going up. I think it is general to see an increase in rentals in the Mainland. Presently, those on the lsland are being given rebates to keep them and the house occupied and if you don’t give them a rebate, there is no way you can keep them. “



He said the situation might continue as more residential development come up in these neighbourhoods.

The Chairman, Nigerian Institution of Estate Surveyors and Valuers (NIESV), Ekiti State chapter, Dr. Sunday Olajide said rent in the state especially in Ado, the state capital, is always increasing, with about 80 to 100 per cent recently, without corresponding facilities to support the increase. He said this was triggered by the fact that everybody wants to live in the capital city.

He said the problem seems compounded, as the government hasn’t demonstrated a strong interest in developing estates for the civil servants and the general public.

Olajide said: “l know of places where tenants paid N100, 000 before, now they pay between N180, 000 to N200, 000. Those who could not afford to pay rent as a result of the impact of COVID-19 and high inflation have had to relocate to their village to farm. Also, many houses are vacant because of COVID-19.”

“Governments in Nigeria are only interested in how to collect tax from residential properties. Even if you go to government estates, the roads are not there; waste disposal is at its lowest, primary healthcare is zero. That is why the little housing that the private sector can build, it is not possible for the government to exercise power over them regarding the high rent. The landlord will ask them, how many have you built?. “
He added: “The rent in an estate starts from N700, 000 to N1 million for a duplex. In medium-density locations, four bedrooms start from N 400, 000. Sometimes it is difficult to increase rent in the state due to the nature of residents, with a good number of them who are civil servants and it is not also easy to increase rents because of the housing poverty in the state.”

The immediate past chairman of NIESV, Ogun State, Salimon Shobanjo said an increase in rent is a function of demand and supply, which dictates price. He said with the sharp increase in prices of building materials, one should expect a rent increase in rent.

“Since the economy went into recession, it hasn’t been easy for tenants to meet their rent obligations. We have a lot of properties that are not tenanted because people can’t afford rent. Currently, rents depend on location and design. In highbrow areas like Abeokuta GRA and others, a duplex could go as high as N2.5 million yearly. A two bedroom apartment could go as higher as N750, 000 yearly depending on the finishing.”


He noted that since housing is a product of so many things, land must be accessible, cost of documentation and planning should be affordable while finance should be available and reasonable especially, mortgage for homes.

“The prices of building materials such as cement has risen by over 100 per cent in recent times and now is about N4, 000.The same thing with iron rods, and our local sand. Then you talk about the cost of expertise. Only very few artisans have the required expertise, it should not surprise you to know that we go as far as Benin to look for tillers, to get a good plumber and electrician is also a problem”, he said.

Also speaking, the publicity secretary, Oyo State branch of NIESV, Fisayo Alo explained that in some areas in Ibadan where apartment rents used to be N1 million, there has been an increase to about N1.5 million.

Alo said: “The cost of construction is high, even to acquire land is not easy and the construction industry is capital intensive.
Despite this rise in rent, I still pity developers because recouping capital expended on housing is not easy. Prices in some suburbs of Ibadan are even increasing. However, everybody wants to live in a secure location, not minding the high rent. The supply is limited but demand keeps increasing.”

The Chief Executive Officer and General Manager of Ore Industrial Park, Ondo State, Femi Akinkuebi, said the establishment of the industry has helped to cushion the effect of unemployment in the state, saying no fewer than 6000 workers had been employed in the last one year.


Akinkuebi who made this known while speaking with newsmen in Akure, Ondo state capital, said the industrial park which housed many industries will employ about 120,000 workers within the next ten years while 40,000 workers will be employed in the next five years.

He described the steps taken by Governor Rotimi Akeredolu- led administration over the park as one of the best business decisions, noting that it has changed the narrative of the state from being a civil service-driven economy to an industry-based economy.


According to him, the efforts of the b present administration in the state to industrialize the state was designed to ensure rapid transformation in the state, noting that this has attracted investors coming on board.

He said the investors noted that the state has a huge potential, which they could put their money into and derive bountiful returns, which was achieved due to diverse resources ranging from agriculture to mineral deposits that the investors would explore.

He also said the park will avail youths, small and medium scale business owners within and outside the state the platform to thrive by growing and developing their respective business enterprise.

Akinkuebi said the Ore Industrial Park was created by the Akeredolu led administration in order to eradicate poverty, improve the standard of living, boost wealth creation, unleash the nation’s industrial potential, build a reputation for Nigeria in technology and industrialization.



He however, said: “As much as we are interested in foreign investors, we can’t forget our people, this necessitates our approach to encourage both local and international companies.

“The Ore Industrial Park has the capacity to employ not less than 120,000 workforces within the next 12 years at the park, it will create 40,000 jobs in five years, while over 6,000 workers have been employed in the last one year.

Akinkuebi said there are about six companies that are currently on ground while more companies will soon start operations at the park, saying the state government is more interested in giving opportunities to its people and also business-minded people

He said “even those with little or no startup capital are welcome to use our facility, we have a business conducive facility that will give your business the much-needed leverage to thrive”

The Ore Industrial Park is a Public-Private Partnership (PPP) between the Ondo State government and Hessmac Industry Limited, designed to provide world-class infrastructure and ultra-fast operational efficiency, proximity to raw materials and target markets, uninterrupted power supply, easy access to gas with EPL gas pipeline and adequate security.



The park has its own installed 30MW trio-fuel Independent Power Plant dedicated to providing power within the park and was sited on a massive 1000 hectares of eco-friendly, economic and industrially zoned land.

Parachoko:
Which part of Lekki you go?

Lekki pass Lekki o

SensualMan1:
All Northern being are cows. Less of a human being from the south that's why the south will always tower above the north in all ramifications.
There should also be grazing reserves for human being lookalike from the North. All Northerners behave like cows and should be treated as such.

Guestlander:
Olodo ni e.

Lightorder:
everything I don’t like about it. If you like , come to my house and beat me. You are a number one gullible Nigerian

theInterpreter:
All Fulani are foreign to Nigeria

is Azikiwe that basically begged the north from making their own country Yoruba?
Is Azikiwe that stopped the seccesion clause because he wanted eboe domination Yoruba?
Are the 1st coupists Yoruba?
Is ironsi that destroyed regionalism Yoruba?
Ironsi that failed to punish the coup plotters is he Yoruba?
Azikiwe miraculously was out of the country while everyone else was slaughtered
Was that caused by Yoruba?
is Azikiwe that went to use a Yoruba founded party to partner with the north Yoruba

When you know that you are suffering from the stupidity of your forbears
you'll get better
You wanted domination
enjoy

For those reading this
Greed is more dangerous than a viper
Greed + foolishness is worse than the devil

seunmsg:
No problem in as much as the farms will be run and managed by the indigenous people of the senatorial district. Foreigners and people from other states should not be allowed outside their states of origin. All governors in the south must put this as a condition before giving land for the program.

samwillyco1:
I see Lagos, Rivers, Delta, Anambra, Akwi bom, Bayelsa, kaduna, Kano, Enugu, Cross River State turning into a Dubi if they are in the hands of a good leaders.

I see Borrowing States like Ebonyi and Bandits State suffering, this I have seen.

It is time to know who is who in this country, and who is deceiving who in this country

maxell:
Great news! I hope they extend services to Ibadan as well.

chrisblack:
western Nigeria is not only Yoruba or for yourubas alone