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Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

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Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

 

 Investing in a beachfront property in Lagos can be an exciting opportunity, offering the allure of breathtaking views, recreational activities, and potential financial gains. However, it is crucial to approach such a purchase with careful consideration. Lagos, Nigeria’s vibrant coastal city, presents a range of options, and understanding the factors to look out for will help you make an informed decision.

 

Top 12 Factors to Keep in Mind When Buying a Beachfront Property in Lagos by Dennis Isong

 In this article, we will explore essential aspects to consider when buying a beachfront property in Lagos.

 

  • LOCATION AND ACCESSIBILITY: The location of the beachfront property plays a vital role in its value and desirability. Consider factors such as proximity to the city center, transportation links, and accessibility to amenities like hospitals, schools, and shopping centers. A property with convenient access to major roads and infrastructure will not only enhance your lifestyle but also increase its long-term investment potential. 

 

  • SECURITY AND SAFETY: Ensure that the beachfront property you are considering is situated in a safe and secure neighborhood. Research the local crime rates and consult with locals to gauge the overall safety of the area. Additionally, consider any potential risks associated with natural hazards like coastal erosion, flooding, or storm surges. Adequate security measures and precautions are essential for protecting your investment and ensuring peace of mind.

 

  • LEGAL COMPLIANCE: Before making any purchase, thoroughly research the legal aspects of acquiring a beachfront property in Lagos. Ensure that the property has the necessary title documents, such as a Certificate of Occupancy (C of O) or a Governor’s Consent. Engaging the services of a competent real estate lawyer or professional can help you navigate the legal complexities and ensure a transparent transaction. 

 

  • INFRASTRUCTURE AND UTILITIES: Evaluate the availability and reliability of essential infrastructure and utilities. Check for a consistent water supply, electricity, sewage systems, and internet connectivity. Reliable infrastructure and utilities will enhance your comfort and make the property more attractive to potential renters or buyers in the future. 
  • ENVIRONMENTAL IMPACT: Consider the environmental impact of the property. Lagos’ coastline faces challenges like coastal erosion and pollution. Conduct an environmental assessment to determine if any mitigating measures are in place. Proximity to industrial areas, waste disposal facilities, or other potential sources of pollution could affect the quality of life and long-term value of the property.

 

  • FUTURE DEVELOPMENT PLANS: Research any future development plans for the area surrounding the beachfront property. Upcoming infrastructure projects, such as new roads, hotels, or recreational facilities, can positively impact property values. However, it is crucial to strike a balance between the potential for development and preserving the natural beauty and tranquility of the beachfront. 

 

  • FINANCIAL CONSIDERATIONS: Determine your budget and assess the financial implications of the investment. Consider not only the purchase price but also additional costs such as property taxes, maintenance fees, insurance, and potential renovations. Moreover, factor in the potential return on investment if you plan to rent out the property or sell it in the future.

 

  • INSURANCE AND RISK MANAGEMENT: When purchasing a beachfront property, it is essential to consider insurance coverage and risk management. Beachfront properties are more susceptible to natural disasters such as hurricanes, storms, and flooding. Verify whether the property is located in a designated flood zone and inquire about the availability of comprehensive insurance coverage against such risks. Engage with insurance professionals to understand the cost of premiums and the coverage provided, ensuring you have adequate protection for your investment.

 

  • MAINTENANCE AND UPKEEP: Maintaining a beachfront property requires special care and attention due to the corrosive effects of saltwater, wind, and sand. Consider the maintenance requirements and costs associated with owning a beachfront property. This includes regular upkeep of the exterior, such as repainting, waterproofing, and maintaining the landscaping. Ensure that you have a plan in place for ongoing maintenance to preserve the property’s value and attractiveness. 

 

  • COMMUNITY AND AMENITIES: Explore the community and amenities surrounding the beachfront property. If you plan to use the property for personal enjoyment or as a vacation rental, consider the availability of recreational activities, dining options, shopping centers, and entertainment venues in the vicinity. A vibrant community with desirable amenities will enhance the overall experience and potential rental income.

 

  • MARKET TRENDS AND POTENTIAL FOR APPRECIATION: Study the real estate market trends in Lagos and assess the potential for property appreciation. Historical data on property values in the area can provide insights into the property’s investment potential. Consider factors such as planned infrastructure development, government initiatives, and overall economic growth to gauge the long-term value appreciation of the beachfront property. 

 

  • CONSULT PROFESSIONALS: Engage with trusted professionals who can provide expert guidance throughout the buying process. Real estate agents who specialize in beachfront properties in Lagos can offer valuable insights and help you find the right property that aligns with your requirements. Additionally, consult with lawyers, financial advisors, and property inspectors to ensure a smooth and secure transaction. 

 

Dennis Isong is a TOP REALTOR IN LAGOS. He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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NEW BPP DG COMMITS TO EFFICIENCY AND STAFF WELFARE FOR IMPACTFUL SERVICE DELIVERY

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NEW BPP DG COMMITS TO EFFICIENCY AND STAFF WELFARE FOR IMPACTFUL SERVICE DELIVERY*

*_…begins review of bureau processes to enhance government procurement systems_*

The Director General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has outlined his vision to drive efficiency, enhance staff welfare, and reinforce the Bureau’s regulatory mandate in alignment with President Bola Ahmed Tinubu’s renewed hope mandate and his commitment to improving Nigeria’s economy. This was made known during an interactive session with staff of the Bureau at the State House Banquet Hall on November 20, 2024. Dr Adedokun emphasised the urgency of delivering results as well as improving trust in the government procurement system to support President Bola Tinubu’s Renewed Hope Agenda, declaring, “Let us work together to get value for money for Nigeria’s developmental processes and achieve President Tinubu’s mandate of making Nigeria’s economy better.”

Furthermore, in a bid to strengthen operational efficiency, the DG also announced key reforms, including introducing Service Level Agreements for the bureau’s processes ensuring that letters are treated within 3 (three) days, and ensuring reports are completed within 14 (fourteen) days. He also highlighted plans to secure a sustainable budget that would improve the working environment and provide better welfare for staff.

Dr Adedokun firmly stated the Bureau’s resolve to uphold its regulatory integrity under his watch. He warned that officers are prohibited from visiting Ministries, Departments, and Agencies (MDAs) unless on official assignments stressing the need for officers of the Bureau to stay above board. He further declared that contractors are no longer allowed within the Bureau’s premises to ensure that officers can perform their duties without undue interference and influence.

Calling for a collaborative approach, the DG urged staff to embody the Bureau’s regulatory values by adhering to procurement guidelines, avoiding delays, and striving for excellence. “As a regulator, you must be seen to be guided by the procurement process,” he stated. He assured the team of an open-door policy, encouraging innovative ideas that could propel the Bureau to greater heights.

The session also featured a visit from former DG, Engr. Emeka Ezeh, OFR, FNSE, who led the Bureau from 2009 to 2016. Engr. Ezeh commended President Tinubu for appointing Dr Adedokun and urged staff to provide their full support to the new leadership. He encouraged staff to focus on leaving a legacy of excellence, saying, “Work in a way that you will be celebrated wherever you go in life.”

Senior Directors, including Engr. Nasir Bello and Engr. Isaiah Yesufu reiterated the importance of supporting the DG’s vision while emphasizing adherence to the Bureau’s operational guidelines. Staff also welcomed the session, sharing their perspectives on improving the Bureau’s operations and pledging their support for the new leadership.

In a related development, Dr Adedokun sought collaboration with the Presidential Office of Digital Engagement and Strategy (PODES) led by its Head, Mr O’tega Ogra, who is also the Senior Special Assistant to the President on Digital/New Media, during a courtesy visit to his office on November 21, 2024. The DG emphasized the need to enhance the Bureau’s public engagement and visibility in line with the all-of-government communications approach being espoused by the PODES.

Mr Ogra congratulated Dr Adedokun on his appointment and highlighted the key role BPP plays in advancing Nigeria’s development agenda. O’tega further expressed his commitment to collaborating with the Bureau in amplifying its communication efforts and ensuring Nigerians understand and appreciate its critical role in national governance.

Dr Adedokun’s leadership marks a new chapter for the Bureau of Public Procurement, focused on accountability, efficiency, and impactful service delivery. His vision aligns seamlessly with the Federal Government’s goals of economic transformation and sustainable development as well as President Bola Tinubu’s renewed hope agenda.

Janet McDickson
Director, Information & Public Relations/Head, Media-BPP

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Abducted Rivers bizman rescued, suspected robber arrested

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Abducted Rivers bizman rescued, suspected robber arrested

 

The Rivers State Police Command said its men rescued a businessman identified as Julius Madabuchi, who was kidnapped by a four-man gang at a filling station in the Oyigbo Local Government Area of the state.

The police said the man was abducted when the miscreants who were driving in a Black Toyota car stormed the area and started shooting discriminately before executing their plan.

The rescue of the man, the police said, followed a distress call sent to the command control room about the activities of the hoodlums on November 17 and immediately mobilised operatives to the scene, saying the abductors engaged the police in a shootout.

The spokesperson for the state police command, Grace Iringe-Koko, disclosed this in a statement issued in Port Harcourt, Rivers State capital, on Wednesday.

 

The statement reads, “On the 17th of November, 2014, at about 2023hrs, operatives of the command received a distress call from the Room indicating that a gang of armed men numbering about four operating in a Black colour Toyota Corolla car shot sporadically and kidnapped one Madabuchi Julius at Sabbath Filling Station, Oyigbo.

“Operatives were swiftly mobilised to the scene and the hoodlums on sighting the police operatives drove off, but they were given a hot chase by the operatives and subsequently intercepted along Egbu Street, Oyigbo and a gun duel ensued between the operatives and the hoodlums.

“The hoodlums could not withstand the police’s superior firepower and eventually abandoned the victim and their operational vehicle with registration number RIVERS PHC 938 AH and escaped. The victim was rescued unhurt and the vehicle recovered. He has since reunited with his family.”

 

The state police image maker however said an investigation is ongoing while concerted efforts are being intensified to apprehend other fleeing members of the gang and recover their operational weapons.

In a related development, Iringe-Koko said the following day, precisely on Monday, operatives of the command acted on credible information, coordinated a covert operation at the St Lorinta Street, Oyigbo and arrested one Gabriel Morris, aged 25, at Mercy Ground in Kom-Kom, Oyigbo LGA of the State.

The state police spokesperson stated, “During interrogation, the suspect confessed to being a member of a syndicate that had been terrorising Oyigbo and its environs in recent times.

 

Iringe-Koko, a Superintendent of Police, listed items recovered from the suspect including one locally made pistol and a quantity of weeds suspected to be Indian hemp.

She added, “Investigation is ongoing, while concerted efforts are intensified to apprehend other fleeing members of the syndicate.

“This successful operation further demonstrates the effectiveness of the Rivers State Police Command in combating kidnapping and all other forms of crime in the state.”

 

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Celebrate Your Wins, No Matter How Small-Prudent Ludidi

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Those who wronged you may never say "I'm sorry" - Prudent Ludidi

Celebrate Your Wins, No Matter How Small-Prudent Ludidi

 

Today, I want to talk about something incredibly important, yet often overlooked: celebrating our wins. Yes, you heard that right – celebrating our wins, no matter how small.

We live in a world that constantly pushes us to achieve more, be more, and do more. We’re always striving for the next goal, the next milestone, the next achievement. And while ambition is great, it’s equally important to acknowledge and celebrate the small victories along the way.

Think about it. How often do you achieve something amazing, only to dismiss it as “not a big deal” or “just part of your job”? How often do you downplay your successes or attribute them to luck rather than your hard work and dedication?

Here’s the thing: every win, no matter how small, is worth celebrating. Every achievement, no matter how insignificant it may seem, is a testament to your strength, resilience, and determination.

Celebrating your wins does several things. Firstly, it boosts your confidence and self-esteem. When you acknowledge your achievements, you remind yourself of your capabilities and potential.

Secondly, celebrating your wins helps you stay motivated and focused. By recognizing your progress, you’re more likely to stay committed to your goals and keep pushing forward.

Thirdly, celebrating your wins fosters a positive mindset. When you focus on what you’ve achieved, rather than dwelling on what’s still to be done, you cultivate gratitude, happiness, and contentment.

So, how can you start celebrating your wins?

Start small. Write down three things you’ve accomplished each day before bed. Share your achievements with a friend or family member. Treat yourself to something special.

Celebrate the tiny victories: finishing a difficult project, trying a new recipe, or simply making it through a tough day.

Celebrate the milestones: landing a new job, running a marathon, or graduating from college.

And celebrate the moments in between: learning a new skill, making a new connection, or taking a much-needed break.

Remember, celebrating your wins isn’t about being arrogant or boastful. It’s about acknowledging your hard work and dedication. It’s about recognizing your worth and value.

Don’t wait until you’ve achieved something “big” to celebrate. Celebrate every win, no matter how small. Celebrate every achievement, no matter how insignificant it may seem.

You are worthy of recognition. You are worthy of celebration. And you are worthy of acknowledging your own strength and resilience!

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