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Showing posts from March, 2017

LAND MATTERS AND INVESTMENTS: KUJE, ABUJA

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The fastest developing place in Africa is Abuja. Buy a land in a remote area for pea nuts and in less than 5 years, it would increase by 1000% or more. Kuje is another new haven for starters to invest in properties. Kuje is 35 mins drive from Wuse2 and 21 mins drive from the airport. Kuje area council issues an R of O documents to buyers and the portion for sale is limited.  1000sqm (about 2 standard plots) is sold at 350,000 naira. Interested persons should contact Mavel properties Abuja on +2349072870771. Best time to plant a tree was yesterday, another good time is today.

To understand more about land dimension in Nigeria, read David's article below↓
As a foreigner living in Nigeria or a potential buyer wishing to build a new house, you will often find things are not done quite the way you are used to, and buying land is no exception. The first hurdle is understanding the system of land measurements in Nigeria. In Nigeria, land is measured in Hectares, Acres, Meters and Feet. …

HOW DID YOUR GOVERNOR SPEND THE PARIS CLUB REFUNDS?

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On the PARIS CLUB REFUNDS:
In spite of the ecstasy that greeted the Federal Government’s release of N522 billion being the first tranche of London-Paris Clubs loan refund to the states in December last year, President Muhammadu Buhari’s recent directive that the second tranche of the fund should be released without further delay is now mired in controversy. The President had at the National Economic Council meeting in Abuja on Thursday, March 16, directed the Minister of Finance, Mrs. Kemi Adeosun, and the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, to implement the instruction “appropriately and with dispatch.” The amount to be refunded to the states in the second tranche is reportedly about N500 billion.
President Buhari had premised his directive on the need for the states to be able to settle backlogs of unpaid salaries and pension arrears of their workers.  “One of these basic things is the issue of salaries.  It is most important that workers are able to feed th…