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The Importance of Ember Months in Nigeria’s Real Estate Sector by Dennis Isong.

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The Importance of Ember Months in Nigeria's Real Estate Sector by Dennis Isong.

The Importance of Ember Months in Nigeria’s Real Estate Sector by Dennis Isong.

 

 

 

Sahara Weekly Reports Ember months refer to the last four months of the year: September, October, November, and December. These months hold significant importance across various sectors of the Nigerian economy, and the real estate industry is no exception. The ember months bring about unique circumstances and opportunities that can greatly impact the property market. This article explores why these months are crucial for Nigeria’s real estate sector and how they influence market dynamics.

 

 

The Importance of Ember Months in Nigeria's Real Estate Sector by Dennis Isong.

 

1. Increased Economic Activity

A surge in economic activity characterizes the ember months in Nigeria. As the year draws to a close, businesses strive to meet annual targets, and government agencies work to utilize their budgets before the fiscal year ends. This increased economic activity often translates to more money circulating in the economy, which can have a positive impact on the real estate market.

 

Higher disposable income: Many companies distribute year-end bonuses during this period, increasing the purchasing power of potential property buyers.

Business expansion: Some businesses may look to expand or relocate, leading to increased demand for commercial real estate.

2. Diaspora Influence

The ember months coincide with the holiday season, during which many Nigerians living abroad return home to visit family and friends. This influx of diaspora Nigerians has a significant impact on the real estate market:

 

Investment opportunities: Many in the diaspora see this time as an opportunity to invest in property back home, either for personal use or as an investment.

Increased demand: The temporary surge in population can drive up demand for short-term rentals and potentially influence long-term property values.

Foreign currency injection: Diaspora Nigerians often bring in foreign currency, which can boost the real estate market, especially in a country where the local currency may be experiencing fluctuations.

3. Cultural and Social Factors

Nigerian culture places a strong emphasis on homeownership, and the ember months often amplify this desire:

 

Status symbol: Owning a home by the end of the year is seen as a significant achievement, motivating many to make property purchases during this period.

Family gatherings: The holiday season prompts many to consider upgrading their living spaces to accommodate family gatherings and celebrations.

4. Weather Conditions

The ember months in Nigeria typically mark the end of the rainy season and the beginning of the dry season. This transition in weather patterns can impact real estate activities:

 

Construction boost: The dry weather allows for increased construction activity, potentially leading to more properties entering the market.

Property viewing: Improved weather conditions make it easier for potential buyers to view properties and for real estate agents to conduct site visits.

5. Year-End Goals and New Year Resolutions

As the year comes to a close, many individuals and businesses reflect on their achievements and set new goals:

 

Investment decisions: People may choose to invest in real estate as a way to meet financial goals or diversify their portfolios before the year ends.

New Year preparations: Some may aim to secure new living or working spaces in preparation for the coming year, driving up demand in the real estate market.

6. Government Policies and Budgets

The ember months often see increased government spending and policy implementation:

 

Infrastructure development: Governments may rush to complete infrastructure projects before the year’s end, potentially increasing the value of properties in certain areas.

Policy changes: Any new real estate policies or regulations slated for the new year may influence buying and selling decisions in the ember months.

7. Stock-taking and Portfolio Restructuring

The approach of the year’s end prompts many investors to reassess their portfolios:

 

Property disposal: Some investors may decide to sell properties to balance their portfolios or generate liquidity.

Acquisition opportunities: Others may look to acquire new properties to strengthen their real estate holdings.

8. Increased Rental Activity

The ember months can see a spike in rental activity:

 

Corporate rentals: Businesses may seek new office spaces or renew leases for the coming year.

Residential moves: Families or individuals may look to move to new rental properties before the new year begins.

9. Emerging Real Estate Hotspots

 

During the ember months, it’s crucial to pay attention to emerging real estate hotspots:

 

Satellite Towns: Areas like Ibeju-Lekki in Lagos or Kubwa in Abuja are experiencing rapid development.

Tech Hubs: Locations near growing tech clusters, such as Yaba in Lagos, are becoming increasingly attractive.

New Cities: Planned urban developments like Eko Atlantic City offer unique investment opportunities.

10. Types of Properties to Consider

 

Different property types may offer varying advantages during the ember months:

 

Residential Properties: High demand for housing during holiday visits makes this a prime option.

Commercial Real Estate: Office spaces and retail outlets can be good investments as businesses plan for the new year.

Land: Undeveloped land in growing areas can offer long-term appreciation potential.

11. Leveraging Technology for Remote Transactions

For diaspora investors unable to visit Nigeria:

 

Virtual Tours: Many real estate agencies now offer virtual property tours.

Digital Documentation: Explore options for digital contract signing and online payment systems.

Real-Time Communication: Utilize video calls for real-time property inspections with local agents.

12. Understanding Local Regulations

It’s crucial to be aware of recent changes in real estate regulations:

 

Land Use Act: Familiarize yourself with the implications of the Land Use Act on property ownership.

Foreign Ownership Laws: Understand any restrictions or requirements for diaspora Nigerians investing in property.

Tax Implications: Research recent changes in property taxes or capital gains taxes that might affect your investment.

13. Financing Options for Diaspora Investors

Explore various financing methods tailored for diaspora investors:

 

Diaspora Mortgages: Some Nigerian banks offer mortgage products specifically for Nigerians living abroad.

International Money Transfers: Research the most cost-effective ways to transfer large sums for property purchases.

Joint Ventures: Consider partnering with local investors or family members for shared investments.

14. Risk Mitigation Strategies

Investing during the ember months doesn’t come without risks. Consider these mitigation strategies:

 

Due Diligence: Thoroughly research property titles and ownership history.

Legal Representation: Engage a reputable local lawyer to oversee transactions.

15. Long-term Investment Strategies

Think beyond the immediate purchase:

 

Rental Income: Consider properties with strong rental potential for steady income.

Property Management: Research reputable property management companies if you plan to rent out your investment.

Exit Strategies: Have a clear plan for how you might eventually sell or pass on the property.

 

 

The ember months provide a distinct set of circumstances that make them an ideal time for diaspora Nigerians to invest in real estate back home. During this period, heightened market activity and the availability of potential deals create attractive investment opportunities. Additionally, the chance for personal property inspections and the ability to tap into cultural connections further enhance the appeal. However, successful investment requires thorough research, professional advice, and a well-defined long-term plan. By staying attuned to local market trends, utilizing technology, and being aware of relevant regulations, diaspora Nigerians can make informed and profitable real estate investments in Nigeria during this dynamic time of year.

 

For personalized assistance with property needs in Ojo or other parts of Lagos, interested individuals, particularly Nigerians in the diaspora looking to invest in property back home, can contact Dennis Isong, a top Lagos realtor specializing in helping Nigerians in the diaspora own property stress-free. I can be reached at +2348164741041.

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ALLEGATIONS OF MASS RESIGNATION OF NIGERIAN ARMY SOLDIERS DUE TO CORRUPTION IS BASELESS, IRRATIONAL

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*INSINUATION OF MASS RESIGNATION OF NIGERIAN ARMY SOLDIERS DUE TO CORRUPTION IS BASELESS, IRRATIONAL

 

 

The recent publication by Sahara Reporters and similar media platforms, alleging mass resignation of Nigerian Army soldiers over corruption, low morale and the like is not only misleading, but also a deliberate attempt to sew the seeds of disaffection and acrimony, as well as denigrate the patriotic service of personnel and reputation of the Nigerian Army. Consequently, it is crucial to clarify that service in the Nigerian Army, like most militaries the world over, is voluntary and not conscriptive. This, therefore, provides that individuals are free and at liberty to disengage at will. The situation is the same as the Nigerian Army. Personnel are at liberty to disengage from time to time in accordance with laid down procedures as contained in the Harmonized Terms and Conditions of Service (Officers/Soldiers) alike.

Discharge from the Nigerian Army is routine and in line with laid down procedures. Only in an unorganised army would the discharge of personnel be handled haphazardly; hence, the compilation and release of names routinely, as must have been observed in the case of the Nigerian Army over the years. This process allows for personnel who are about to either mandatorily or voluntarily disengage to adequately prepare and process entitlements, emoluments, pensions, and gratuity for the period of service to the nation.

In the instance cited in the hasty and haphazardly compiled report, due diligence was not taken to ascertain reasons for the discharge of the personnel, other than the spurious allegation of low morale and corruption. Whereas reasons for the discharge of personnel are confidential, they range from voluntary disengagements, medical grounds, pursuit of other professions of interest and endeavours, and community service, amongst others. The notion that soldiers are resigning enmasse due to welfare issues is a gross misrepresentation of reality and certainly not the true picture. Instead, Nigerian Army recruitments are highly competitive and even over subscribed.

Contrary to the insinuations in the report, Nigerian Army personnel are highly motivated, and their welfare is top priority under the visionary leadership of the Chief of Army Staff (COAS), Lieutenant General Taoreed Lagbaja. Suffice to state that within one year of the current leadership, significant strides have been made to improve the standards of living and the overall well-being of personnel and their families. A prime example is the Affordable Housing Option for All Soldiers Scheme, aka AHOOAS, which has been launched across the nation, allowing personnel to choose where to live and own decent post service accommodation. This initiative underscores the Nigerian Army’s commitment to ensuring that personnel enjoy dignified post-service life.

Furthermore, the NA is currently undertaking massive rehabilitation of existing and construction of new infrastructure across Nigerian Army formations, units, and barracks in the country to ensure conducive working and living atmosphere for troops and their families. Additionally, allowances have been regularly paid as at when due for soldiers deployed in operational theaters. This is aside the regular free airliftng of troops proceeding on leaves and passes, as well as free medical evacuation of injured troops for both local and foreign treatments. Military hospitals and medical centres are equally receiving remodeling and upgrading of equipment for efficient service delivery to personnel and their families. These are in addition to combat enablers injected into all theatres of operations across the country to enhance troops’ operational effectiveness and ensure adequate force protection. Personnel capacity development is also receiving adequate attention, as both officers and soldiers are engaged regularly in training activities to build their capabilities in consonance with global best practice.

In light of these phenomenal efforts, one cannot but assert that the leadership of the NA has continued to steadily and consistently walk the talk, as pledged in the COAS Command philosophy to “Transform the Nigerian Army into a well trained, equipped and highly motivated force towards achieving our constitutional responsibilities within a joint environment”.

Therefore, the allegation of widespread resignation due to poor welfare is not only unfounded but also irrational. The Nigerian Army remains steadfast in its commitment to the welfare of its personnel. It is, however, appalling to witness concerted attempts to distort the truth for sensationalism in the media.

We call on media organizations to verify information before publication and avoid being tools of disinformation. The Nigerian Army will continue to prioritize the welfare and morale of its personnel, ensuring they remain motivated and fully equipped to carry out their duties in defense of the nation.

ONYEMA NWACHUKWU
Major General
Director
Army Public Relations
8 September 2024

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NAPS CALL ON FEDERAL GOVERNMENT TO BAN BB9JA SHOW.

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NAPS CALL ON FEDERAL GOVERNMENT TO BAN BB9JA SHOW.

 

 

 

 

NAPS Senate arm Call on Federal Government to Banned the Immoral Bb9ja Show.

 

 

 

 

 

Solidarity Greetings From National Association of Polytechnic Students ( NAPS), the Leadership of National Association of Polytechnic Students ( NAPS) in her campaign against indiscipline, drug abuse and other social vices which stand to deteriorate an individual self-esteem, self-actualization and nation’s integrity. We understood that some social factors significantly influence students and youth in mindset restitution to abnormalities and BB9ja shows stand tall amidst this social vices.

 

 

 

NAPS CALL ON FEDERAL GOVERNMENT TO BAN BB9JA SHOW.

 

 

 

After careful study and observation of what BB9ja show stand for in the entertainment industry, its reveals that its not an academics nor political neither moral oriented show. Since its purpose is far fetch from values uphold and capacity development, the BB9ja show should be concluded as blue film aiming at promoting immoralities in all ramifications.

 

Africa is known to be values uphold society across the globe and specifically Nigeria. This portray that no rational Nigerian will support the immorality show called BB9ja. It’s obvious that there is *decayedness* in our culture, tradition and moral before the introduction of the immorality show. Yes there is, which is amount to other factors but we should not be on the edge of contributing to continuous degradation of our heritage. A wise men says don’t create problem for solution, rather be part of the solution if you can’t provide one. As history reported the quality of our cultural heritage and uniqueness years back, it most time seems as nightmares to us considering the present Nigeria of our time.

 

Ditto, there is need for quick intervention by the the Federal Government to place a ban on the show before the youth populace (strength of the nation) and the children become irrational being. We urge the State Government, Local Government, Traditional Rulers not to relent on their efforts to fight immoralities and insanity in our society.

 

Furthermore, we appreciate all efforts of the government (all levels), traditional rulers, corporate organisations and patriotic citizenry towards restoring sanity and dignity of our dear nation Nigeria.

 

Conclusively, we call on Federal Government to swift into action in preserving the heritage of our nation by placing a ban on BB9ja show.

 

Viva Aluta!

 

 

Signed:

 

Comrade Adeniji Boluwaji Temitope

Senate President

National Association of Polytechnic Students ( NAPS)

08069738724

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DEBUNKING FALSE NEWS ON YACHT OWNERSHIP

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DEBUNKING FALSE NEWS ON YACHT OWNERSHIP

DEBUNKING FALSE NEWS ON YACHT OWNERSHIP

 

 

 

 

Sahara Weekly Reports That There have been false claims circulating that a private individual’s yacht spotted in St. Tropez is a Nigerian government yacht. Here are some points to consider in order to discern the truth:

 

 

DEBUNKING FALSE NEWS ON YACHT OWNERSHIP

 

 

 

1. The 42m Bennetti yacht currently being share online has been privately owned for around 5 years since it was constructed. It is important to note that this specific yacht has no connection or ownership ties to the Nigerian government, president or armed forces. Any claims or assertions suggesting otherwise are simply not true and inaccurate.

 

2. It is not uncommon for luxury yachts to fly the flag of the owner’s country as well as the flag of the country in which they are registered.

 

3. The official Nigerian flag is Green-White-Green without a coat of arms in the middle. Flags representing the Nigerian President or the Armed Forces do not contain a coat of arms in the center. Placing anything in the center of the flag is a clear deviation.

 

Regarding the naval observatory and training ship often referred to as the “presidential yacht,” it was ordered and acquired by Nigeria during President M. Buhari’s tenure (2015-2023). It was delivered in June 2023 but was never paid for. This information has been officially confirmed by the Naval authorities. Director of Naval Information, Adedotun Ayo-Vaughan, affirmed in a statement in November 2023 that the yacht was indeed ordered during former President Muhammadu Buhari’s administration and was delivered to Nigeria well before it was included in the budget as an outstanding debt obligation. “That is correct, it is in Nigeria,” he said.

 

Finally, it is important to exercise caution and refrain from defaming or exposing private individuals and their legitimate businesses to ridicule based on false political associations with personal property.

 

 

https://x.com/otegaogra/status/1832371410230022261?s=46&t=-WT1A6V3jj52Bil8fk9JSg

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