Hon. Kendoo Bags HiCESRA Award

…Emerges Nigeria’s Best Local Government Chairman

The Executive Chairman of Oshodi-Isolo Local Government Area, Honourable Kehinde Almaroof Oloyede popularly known as Kendoo was on Thursday the 9th of August, 2024 honoured with a distinguished award of the LOCAL GOVERNMENT CHAIRMAN OF THE YEAR.

The very proactive and hardworking grassroots politician and an icon of genuine democracy, was presented with the award in his exquisite office at the Local Government Secretariat in Oshodi, Lagos.

HiCESRA was held on Sunday the 21st of April, 2024 at the prestigious R&A Hotels and Suites in Ikeja with lots of dignitaries and celebrities storming the event.

In his words, the ebullient political stalwart appreciated the HiCESRA crew for believing in his stewardship to the good people of Oshodi-Isolo and for finding him worthy of the esteemed honour. Hon. Oloyede also lauded the efforts of High Celebrity Squard Magazine led by Quadri Olowolagba for being a thoroughbred media outfit embracing the tenets of investigative and truthful journalism as well as promoting good governance through the media.

Obviously, the award winning Executive Chairman, Hon. Oloyede who was visibly excited with the award, was serenaded by his executive cabinet members and staff of Oshodi-Isolo who all rejoiced with him for his latest award acquisition.

10 Things You Need to Know As a  First-Time Property Buyer and Why Adron Homes is the Best Investment Choice

Embarking on the journey of purchasing your first property can be both exciting and overwhelming, especially in a dynamic market like Nigeria’s. To help first-time buyers navigate this complex landscape, we’ve compiled ten essential tips that will guide you through the process and highlight why Adron Homes and Properties Ltd. stands out as the ideal investment choice.

1. Understanding the Market Dynamics
The Nigerian real estate market is characterized by regional variations and evolving trends. It’s crucial to research and understand these dynamics to make informed decisions. Adron Homes offers expert guidance to help you navigate this complex market with confidence.

2. Legal Considerations
Property transactions in Nigeria require meticulous legal documentation, including verifying land titles and ensuring compliance with local regulations. Adron Homes provides comprehensive legal support, ensuring your investment is secure and legitimate.

3. Financing Options
Exploring various financing options such as mortgages, payment plans, and government schemes is essential. Adron Homes offers flexible payment plans tailored to suit your financial situation, making homeownership more accessible.

4. Location Matters
The location of a property significantly impacts its value and potential for appreciation. Adron Homes develops properties in strategic locations with high growth potential, ensuring your investment is promising. Adron Estate locations: Abuja, Lagos, Ogun, Oyo, Osun, Ekiti, Nasarawa, Niger, Plateau

5. Property Inspection
Conducting thorough inspections before purchasing a property is vital. Adron Homes provides transparent and detailed property information, allowing you to make well-informed decisions with confidence. The company organizes a site tour for prospective buyers to see the estate they are interested in. This also helps to make an informed property decision.

6. Market Research
Conducting market research is crucial to understand property values, trends, and future prospects. Adron Homes offers market insights and expert advice, ensuring you make informed investment choices.

7. Developer Reputation
The reputation of the property developer plays a significant role in the quality and reliability of your investment. Adron Homes is renowned for its integrity, quality developments, and customer satisfaction with 12 years of doing real estate business in Nigeria.

8. Investment Potential
Considering the potential for property appreciation and rental income is essential. Adron Homes properties are strategically located to maximize investment returns, making them an ideal choice for both first-time buyers and seasoned investors.

9. Infrastructure and Amenities
Evaluating the availability of infrastructure and amenities such as roads, schools, hospitals, and recreational facilities is important. Adron Homes ensures that its estates are well-equipped with essential amenities, enhancing your living experience.

10. Customer Support and After-Sales Service
Reliable customer support and after-sales service are crucial for a smooth property buying experience. Adron Homes prides itself on excellent customer service, providing ongoing support and maintenance services to its clients.

Don’t let the complexities of the real estate market deter you from achieving your dream of home ownership. With Adron Homes, you have a trusted partner to guide you every step of the way. Explore our properties, take advantage of our flexible payment plans, and join the countless satisfied homeowners who have made Adron Homes their choice for a secure and prosperous investment.

Contact Adron Homes today to start your journey towards owning a quality home in Nigeria. Visit Adron Homes and Properties Ltd. or call our customer support team at 08138432335 for more information.

Dangote says Company’s projected $30bn revenue will boost the Naira value

President of Dangote Group, Aliko Dangote, on Sunday stated that his company’s aim is to become the leading supplier of foreign exchange in the FX market soon, as it targets $30 billion in revenues by the year 2025.

During a tour of the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited with media executives at the weekend, he said the plan is to attain independence from the Central Bank of Nigeria (CBN) in forex sourcing, highlighting a strategic shift in revenue composition within the cement business from the current 75 percent to 15 percent in the future.

The expected significant inflow of forex into Nigeria through his businesses, will automatically boosts the value of our local currency and make Naira regain its value in the comity of international currencies all over the world.

According to Dangote, the refinery began full operations in 2024, initially focusing on refining intermediate products such as polypropylene, naphtha, RCO, gasoline, diesel, and jet fuel.

He explained that the refinery entered its steady-state production phase in March 2024. Additionally, he anticipates production ramping up to 500,000 barrels per day (bpd) with 15 crude cargoes per month by August, increasing to 550,000 bpd by the end of the year, and aiming for 650,000 bpd by the first quarter of 2025.

“Petrol production is to commence in July with sales from August,” assured Dangote.

Dangote also hinted that the group intends to list both Dangote Petroleum Refinery & Petrochemicals and Dangote Fertilizer Limited on the Nigerian Exchange Group in the first quarter of 2025. He said that this initiative would enable Nigerians to participate in the ownership of these companies.

“Due to the nature of our business with both the refinery and the fertilizer, we are aiming to list them by the end of this year. However, depending on circumstances, worst-case scenario, we anticipate listing them before the end of the first quarter of next year. This will allow us to offer shares for sale and enable Nigerians to participate as shareholders,” Dangote stated.

The Dangote Refinery, which will process 650,000 barrels per day (BPD) at full capacity, stands as Africa’s largest oil refinery and the world’s largest single-train facility, while the Dangote Fertiliser Limited operates Africa’s largest Granulated Urea Fertiliser complex. Presently, Dangote Cement is Nigeria’s most capitalised company.

While noting that the total storage capacity of the refinery is 4.5 billion litres, sufficient to cover 20 days of Nigeria’s crude requirement and store products equivalent to 15 days of Nigeria’s petrol consumption, he stressed that the refinery would produce 53 million litres of petrol per day and 1.1 million tonnes per day.

He added that the refinery is equipped with dedicated loading gantries featuring 86 loading bays, alongside specialized marine facilities for the offloading of crude and the loading of petroleum products. Additionally, the facility, he said, includes a 900-kilotonne per annum polypropylene plant, with production capacities of 36,000 tonnes per annum for sulphur and 585,000 tonnes per annum for carbon black.

Dangote said that over the past four decades, the operations of Dangote Group have evolved significantly from a commodity trading company to a diversified conglomerate. He emphasised that this transformation was driven by the overarching goal of achieving self-sufficiency in key sectors and bolstering Nigeria’s economy.

He noted that the group, which began as a trading company in 1978, has expanded into a diversified conglomerate with investments spanning cement, agriculture, fertilizer, petrochemicals, oil & gas, auto assembly, infrastructure, and other sectors.

He said the group is driven by the idea that Africa’s future prosperity hinges on its ability to harness its own resources and capabilities. Dangote stressed that the continent inadvertently imports poverty and exports jobs by exporting raw materials and importing finished goods.

The Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin, reiterated the commitment of the company in enhancing local capacity in critical sectors of the economy.

He said Dangote Industries Limited has empowered young Nigerians to assume key roles across its operations, with many even becoming expatriates in other nations.

Edwin stressed the refinery’s status as the world’s largest single train complex constructed entirely by a Nigerian company, highlighting a significant achievement in local engineering and construction capabilities.

Noting that most refineries were built by foreign companies, he said it is a thing of pride that a Nigerian company, acting directly as Engineering, Procurement, and Construction (EPC) contractor, designed and built the world’s largest single train refinery complex. He said this has enhanced the capacity of many Nigerians involved in the process and that a Nigerian company can build a refinery anywhere in the world.

“It is a thing of pride that the largest single train refinery in the world is 100% designed, engineered, and constructed by a Nigerian company as EPC contractor,” he said.

While expressing gratitude to the media executives, Group Executive Director of Commercial Operations at Dangote Industries Limited, Fatima Dangote, reiterated the company’s dedication to creating a positive impact on the economy. She commended Aliko Dangote’s steadfast commitment to advancing the continent’s development.

“He (Dangote) is committed to ensuring the success of Nigeria and Africa as a nation and a continent. Our focus extends beyond profit to solving problems and achieving self-sufficiency across all sectors in Africa. By meeting global standards, we have positioned ourselves to export our products to every continent in the world,” she said.

Fatima pointed out that the group is not only the largest private employer of labour but also consistently ranks as one of the top taxpayers in the country each year, adhering to all relevant tax laws and regulations.

“We are known as one of the largest employers of labour. However, we are also conscious of ensuring our workers enjoy a good living standard. This is reflected in our inclusion in the list of top paying firms in the country. Our impact on employment generation extends to creating thousands of indirect jobs in the various communities that we operate in,” she added.