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PROS AND CONS OF REAL ESTATE INVESTMENT IN NIGERIA

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How to Avoid Your Property from Being Demolished or Collapsing by Dennis Isong 

PROS AND CONS OF REAL ESTATE INVESTMENT IN NIGERIA

BY DENNIS ISONG

REAL ESTATE INVESTMENT

What is Real Estate investment?

Real estate investment is the purchase, management, and sale or rental of real estate with the intent to make a profit whether immediate or in the long run. Real estate appreciates over time. Property bought four years ago has more value now if you intend to sell it and the more you leave it year in, year out, the more the value appreciates.

Real estate is the new oil money as it brings fortune if done right and can be the beginning of generational wealth.

 

 

However, you can easily make mistakes if care is not taken or you lack the right information.

 

 

Some of the mistakes can be:

1. Not taking time to get adequate information

Not all property is good to invest in. The problem is not even with the property but oftentimes, with the location. If you buy a property as a means of investment in a place that has not much value because of circumstances surrounding it, you may find it difficult to sell or make your money from it. This is where adequate information comes in. You need to have much-needed information before investing in any property. Do your research and due diligence so it doesn’t end as a waste of money or property that yields little or no value.

2. Meeting the wrong property vendor

Many people have fallen into this unawares till they are left with nothing. There are many fake vendors out there posing as real estate sellers. If you meet them, unfortunately, your money is gone. This is why property companies are highly recommended. At least, you know who you are dealing with has a structure.

 

 

 

 

3. Being ignorant of all documents involved in buying a property

If you want to buy a property as a first-timer, research all documents you are supposed to be given, or better still, employ the services of a property lawyer.

You may end up losing a property to the dreaded omo-onile if you don’t have the complete or original documents.

All of these mistakes are mostly made by investors buying a property for the first time but you can avoid them only if you are properly informed.

 

 

 

Let’s look at the pros and cons of property investment

PROS

i. Steady cash inflow

Investing in rental property is one of the most beneficial investments you can ever make because of how it keeps yielding a return on investment all year round. Some landlords do prefer monthly payments. Imagine having 3 or more tenants paying into your account every month, that should make anyone happy.
Also, this applies to an investor leasing out a property.

ii. Long-term Security

If your property is on government-approved land, then, there is nothing to worry about. Your investment is permanent and will continue to yield profit forever. You can rest assured of financial security for a very long time.

 

 

iii. The value keeps appreciating

When you invest in a property like land, it keeps appreciating yearly. Take, for instance, Ibeju-Lekki. Ibeju-Lekki was not a hot cake a few years ago but then, look at it now, Ibeju-Lekki is one of the most sought-after places in Lagos when it comes to buying properties (whether land or structure).

iv. You can decide to keep it for as long as you want

For people who would like to keep something worthwhile down for their children, this is best for you. Investing in property for keeps is a great option with a great financial benefit. Imagine buying land for 500,000 when your child is still 2 years old only to hand it over when he/she turns 25. Calculate how big it would have appreciated in a space of 23years.

 

 

 

v.It doesn’t have to move with you

Unlike other valuable property which you may need to sell off or gift out if you are relocating abroad, land and structure-property do not have to be disposed of in that form. You could decide to make it yield in absentia. For instance, rent out the structure or lease out land to farmers.

CONS

i. High maintenance

Anyone involved in property investment should know that it cost so much to maintain unless you don’t mind having a property looking awful, of course, this would affect the value being placed on it. For example, rental property.

 

 

 

ii. It involves a large capital

Property investment is no joke. You could empty your account just to invest in property and this doesn’t mean you would get the returns in multiples almost immediately. For land to give you a much-needed return, it has to wait a while.
For a rental property to yield the money invested + profits, it would take some years as well. So, when you heavily invest, you also need to consider that patience is a virtue.

 

 

 

Suffice to say, property investment is worth every bit of it. It’s an investment you can rely on come rain, come sunshine. If you have not considered it before, I guess it’s time you start thinking about it. And not just think, take a profitable step!

Dennis Isong helps individuals invest right in Real estate. For questions on this article or enquiring about Real estate. Follow him on Youtube https://www.youtube.com/landpropertyng , Email [email protected] or Whatsapp/Call +2348164741041

 

 

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Celebrating The Women Behind The Music : The Members Of Elite Women Musicians Club Of Lagos

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Celebrating The Women Behind The Music : The Members Of Elite Women Musicians Club Of Lagos

In the pulsating heart of Lagos, the Elite Women Musicians Club of Lagos

stands as a beacon of unity and empowerment for female artists. This dynamic association, renowned for its diversity in musical genres, prides itself on bringing together talented women from all walks of musical life. Today, we celebrate its esteemed members, who number twenty-nine strong, each contributing uniquely to the vibrant tapestry of the Club.

 

Leading The Charge :

At the forefront of the Elite Women Musicians Club of Lagos Club is Alhaja Queen Isimot Abake Abiola PQ1st (Omo Opeki), the President. Her leadership is a source of inspiration for many, guiding the Club with a vision of inclusivity and excellence. Supporting her is Alhaja Queen Halimot Ayinla Omowura, the Vice President, whose dedication ensures the smooth operation and growth of the association.

 

Alhaja Badirat Adunni Olaniyan (Just Like That) serves as the Treasurer, managing the financial health of the Club with precision. The Social Secretary, Alhaja Aminat Babalola Balogun (Omotayebi, Iya Kekere Eko), brings vibrancy and connectivity, fostering a sense of community among the members. Asiwaju Yeye Tosin Eniba (Fuji Queen), the Secretary, ensures that the administrative duties are handled efficiently, supporting the organizational backbone of the Club.

Valued Members :

The Club’s strength lies in its diverse membership, each woman a luminary in her own right. The following are the distinguished members of the Elite Women Musicians Club of Lagos :

– Afonja Gbajoba

– Bisi Ewa Ogo Jesu

– Alhaja Jelilat Dupytie

– Ejire Akewi Oba

– Alhaja Aminat Itojuobi

– Alh. Fatimo Oseni Salawa Onigbongbo

– Alh. Tawakalitu Alagbada Tokotaya to nko Fuji

– Aishat Irepo Obi

– Olaleye Rahemot Arike (Akomolesin Agbaye)

– Alh. Dasola Abeke

– Ewebiyi Iya Oriki

– Ameerat Oninure

– Alh. Azeezat Otibiya

– Alh. Rukayat Bashirimi

– Alh. Mujidat Damilola

– Alh. Fatima Aljafaria, an Elder whose wisdom and experience enrich the Club.

– Alh. Taibat Omo Tayenfe

– Queen Muheenat Ijaodola

– Sakirat Yeye Oge

– Alh. Mariam Akiki Akanbi

– Queen Abebi Ayala

– Aweni Adepeju (Aweni Fuji)

– Fatimo Ajoke Cinderella

– Alh. Hafsat Sideeq, another Elder whose guidance is deeply valued.

 

A Legacy of Excellence :

The Elite Women Musicians Club of Lagos is more than just an association; it is a legacy of excellence, a network of powerful voices that harmonize to uplift and inspire. Each member, from the executives to the distinguished members, plays a crucial role in shaping the cultural and musical landscape of Lagos and beyond. Their combined efforts create a symphony of collaboration and mutual support, ensuring that the future of female musicians in Nigeria remains bright and promising.

 

As we celebrate these remarkable women, we also look forward to the new heights the Club will achieve under their leadership and unity. Their commitment to their craft and each other stands as a testament to the incredible power of music and the unwavering strength of women.

Celebrating The Women Behind The Music : The Members Of Elite Women Musicians Club Of Lagos

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Sustain Tempo of High Revenue With Compliance, CGC Tells Comptroller Olomu

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Sustain Tempo of High Revenue With Compliance, CGC Tells Comptroller Olomu
… As Apapa Command Honours Outstanding Stakeholders

By Ifeoma Ikem

Comptroller General of Customs, Bashir Adewale Adeniyi, MFR has commended the Area Controller of Apapa Port Command, Comptroller Babatunde Olomu, fsi for the command’s outstanding revenue collection of over N2.2tr and urged him to sustain the tempo.

CGC said this in Apapa on Friday at the command’s end of the year party and award ceremony also harped on the need for compliance and synergies as necessary strategies to greater productivity at the port. According to him, compliance is a competitive advantage.

He was represented by Deputy Comptroller General Caroline Niagwan, DCG Tariff and Trade, Adeniyi congratulated the Customs Area Controller and all the officers and men of Apapa Area Command for the milestone achieved in revenue collection to the tune of N2.2tr and still counting which has earned the command multiple accolades

“It is with immense pleasure that I stand before you today to celebrate a shared commitment to compliance and excellence in trade. This award ceremony is a testament to your dedication to ethical business practices, adherence to regulations, and unwavering support for the principles that drive Nigeria’s economic growth.

“Compliance is not merely a requirement; it is a competitive advantage. It fosters transparency, reduces operational risks, and strengthens the trust between businesses and regulatory authorities. It also positions compliant stakeholders to enjoy streamlined processes, faster clearance times, and access to the numerous benefits that come with being recognized as trusted trade partners.

“As a Service, we understand that sustaining compliance can sometimes require capacity building, especially as global trade evolves.

To this end, the Service is committed to providing the necessary training, technical assistance, and partnerships that will empower you with the knowledge and tools to maintain this high standard.

“Our goal is to ensure that every stakeholder remains competitive,vinnovative, and aligned with global best practices.
By working together, we can unlock even greater opportunities for growth. Compliant stakeholders not only contribute to national revenue but also drive economic development, attract foreign investments, and enhance Nigeria’s position in international trade” Adeniyi said

In his welcome speech, Comptroller Olomu expressed appreciation to the CGC and the customs management team for always providing the direction and inspiration to the command in it’s drive to meet government’s expectations .

He described the end of year party as many things rolled up in one as it strengthens the stakeholders bond as a community of government and private sector collaborators working together for the betterment of Nigeria;

it’s also to celebrate together as the year 2024 ends and honour those whose outstanding performances contributed in shaping the command’s achievements in 2024.

Comptroller Olomu said despite the challenges of low trade volume, the command is able to achieve it’s target which is a reflection of officers commitment and dedication to duty

He added that in line with the policy thrust of the CGC, the command utilised it’s relationship with stakeholders to achieve it’s goal this year.

According to him improving on stakeholder engagement has become an operational template the Comptroller General of Customs has impressed on the officers and expressed joy to announce that it has proven to be a masterstroke towards enhanced compliance.

Comptroller Olomu said “Compliance is no doubt the bedrock of all customs achievements in areas of revenue collection, anti smuggling and legitimate trade facilitation. Our approach to regurlarly engage our sister government agencies has raised our degree of intelligence sharing towards a common national interest.

“Let me use this period to thank the NPA, DSS, NDLEA, NAQS,Port Health, Police, Immigration and other sister government agencies for their consistent collaboration in 2024. They are indeed an integral part of the command’s success story in 2024. I urge them to stay on board let’s do it again in 2025.

“With our port users, we maintained regularly enlightenment meetings, faster trade dispute resolution mechanism and consistent appraisal of feedbacks to keep improving on our responsibilities.

“There have been positive fallouts of our regular interface with our stakeholders. This is evident in our collection of N2..2tr revenue and still counting, zeroing in on the minority that attempt smuggling by curbing their activities with seizures. We are fostering inclusivity and this will continue in 2025

“We have ensured no container , import or export consignment goes through our control without due diligence of proper examination. This has been the foundation of our impeccable enforcement drive.

“We are honouring some of our officers and stakeholders for their outstanding performances in the year 2024 . I want to urge the awardees to see this as a call for more commitment to surpass their best outputs. There is no end to improvement

“This should also be a challenge to those who didn’t make the award list this time, I urge them to keep improving with a promise that their inputs shall not go unnoticed for due recognition” he concluded

Among those recognised with various awards are APM Terminals, Sifax Group, ENL Consortium, Dangote, Talod Ocean Airfreight and Princess Chi Ezeh the CEO of Munah Sylva Nigeria Limited

The command also recognised serving and retired officers for their contributions to it’s overall successes in 2024.

Sustain Tempo of High Revenue With Compliance, CGC Tells Comptroller Olomu
... As Apapa Command Honours Outstanding Stakeholders

By Ifeoma Ikem

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Bullion Records; GyC Release Debut EP Album, A Billion Things

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Bullion Records; GyC Release Debut EP Album, A Billion Things By Ibrahim Kegbegbe

Bullion Records; GyC Release Debut EP Album, A Billion Things

By Ibrahim Kegbegbe

 

Bullion Records, one of Nigeria’s fastest-growing record labels, has officially released its highly anticipated debut EP album, A Billion Things, sung by its sensational artist, GyC. Born Fortune Kingsley, GyC is making waves in the Nigerian music industry, and this five-track EP marks a significant milestone in his career and the label’s history.

The EP, which dropped today, Wednesday, December 12, 2024, features an eclectic mix of tracks, including Mailo, Shayo, Woman, Kpang Kpang, and Kokan Aye. The standout track, Kokan Aye, features collaborations with Nigerian music icons 9ice and Eedris Abdul Kareem, further solidifying GyC’s place in the music scene.

Speaking about the project, Ambassador Olufemi Ajadi Oguntoyinbo, Chairman and CEO of Bullion Records, described the album as a blend of inspiration and artistry. “Every track in this album is not only a masterpiece but also delivers profound messages. From love to resilience, and from societal consciousness to celebration, A Billion Things resonates with listeners on different levels,” he said.

The production team behind the album includes some of Nigeria’s most talented producers. YoungSmith worked on the hits Shayo, Woman, and Mailo, while Philkeyz produced the electrifying Kpang Kpang. Shockerbeat added his signature touch to Kokan Aye, ensuring the album delivers a diverse yet cohesive sound.

Mr. Elegbede Ajibola, the entertainment director at Bullion Records, emphasized the label’s strategic timing for the album’s release. “We deliberately chose December to launch this EP because it’s a season when people connect through music. We want fans and good music lovers worldwide to vibe to these amazing tracks during the festive period,” Elegbede noted.

GyC, the star of the moment, expressed his gratitude to the team behind the album’s success. “This project is the result of collective effort and dedication. I want to thank the executive members of Bullion Records for their unwavering support. Special appreciation also goes to the incredible music producers who brought my vision to life,” he said.

The release of A Billion Things marks a bold statement from Bullion Records as it cements its position in the Nigerian music industry. With a lineup of motivational, soulful, and dance-worthy tracks, the EP is expected to become a favorite among music lovers globally.

Fans can now stream or purchase the album on all major music platforms.

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