Toluwalope Ehuwa @bslworld

STORY STORY!!

There lived a Powerful king in a famous African kingdom who wanted his beautiful daughter to be a wonderful spouse, after 10 failed attempts from suitors he organized a swimming competition with a price tag of $10m plus giving out his daughter to the eventual winner.

On the day of the competition 20 men set out to swim from one end of the pool to another, unknown to the competitors two giant crocodiles were laid in the pool for the contestants, when the whistle was blown the swimmers jumped into the pool but to their surprise they saw two giant crocodiles coming out o the pool to eat them up so they retreated and backed out the competition, however, one of the contestants who refused to compete upon learning about the crocodiles was pushed suddenly into the pool so he dodged the two crocodiles when they came after him and swarmed to the end of the pool emerging as the winner, after the feat he asked in annoyance who pushed him into the pool, the king was happy about the feat but he told the king he was not interested in the prize money nor the money..He wanted to know who pushed him into the pool
, this statement made the King very angry that the man spurned his offer of his beautiful daughter and a $10m monetary award.

The moral of this story is that we all need someone to push us to our place of glory and progress in life.

The recent claims by the management of the Multi-billion dollars Dangote refinery and petrochemical company against international oil companies on plans to sabotage is no doubt an interesting twist since Nigerian investor Alhaji Aliko Dangote began the construction of $20B Oil refining plant in Ibeju-Lekki Lagos in 2014 under the Babatunde Raji Fashola administration, it was clear that the largest single train refinery of 650000 barrels per day refining capacity was going to put some vested interests for a fight, in a country where the ABA Power plant that was meant to have taken 5 years for commissioning took two decades until completion, due to the entrenched culture of Vested Interests self-inflicted Vultures ripping the soul of Nigerian economy apart...

Going into memory lane after the discovery of crude oil deposits in commercial quantities in Oloibiri Present day Bayelsa state in 1958, the first Oil refinery in Nigeria was built by Shell Petroleum Development Company in 1965 in Port-Harcourt Rivers State which was taken over by the Nigerian Government later three other refineries were built in Kaduna, Warri, and Port-Harcourt by the NNPC which were running in full capacity until Dirty corruption, sleaze and malfeasance rendered them moribund thus making Nigeria a net importer of refined petroleum products with close to N15trillion spent on importation of petroleum products in the last 25 years of democracy, coupled with Multi-trillion fuel subsidy scandals during the Jonathan Administration, with imports of critical products such as PMS, DIESEL and KEROSENE to meet ever-increasing needs for domestic consumption. The last administration led by former President Muhammadu Buhari announced the loan of $1.2B to fix the Port-Harcourt refinery promising heaven and earth that the decision would revitalize the domestic refining capacity To date nothing has come from it...

In the past State owned NNPC company announced the setting of refineries in Itobe Kogi State,Bayelsa and Lagos States called the KBL Refineries projects under the leadership of then CEO Shehu Ladan of Blessed memory unfortunately refineries were built on the pages of the Newspapers,20 Licenses were issued by the Obasanjo Administration to private investors nothing came out from it,even Oil Giant Oando Group abandoned the construction of 320000 Barrels per day refinery in Lagos due to cost projections and profitability issues, the coming on stream of Dangote group into the petroleum industry is no doubt a remarkable feat for promoter Alhaji Aliko Dangote GCON a man honoured across several African nations for his decision to invest heavily in Industrial projects creating hundreds of thousands of Jobs,the 20B Dollars Dangote refinery and petrochemical plant Ibeju Lekki Lagos comes with a fertilizer plant,12000 megawatts undersea power facility that can create 130000 direct and indirect jobs that will make Nigeria a net exporter of petroleum products thereby unleashing millions of job opportunities for a country struggling with a huge unemployment crisis.

The management of the Dangote group have accused Oil firms of increasing the price of crude per barrel to frustrate the refinery from operating at optimum capacity thereby resorting to Importation of crude oil form US and European Markets,it is clear these IOC’S are bent on frustrating Nigeria’s quest for development having watched Nigeria lose close to $360B in the last 65 years of petroleum exploration,therefore we cannot allow vested interests abroad in collusion with their local collaborators frustrate the biggest single investment in the Nigerian Petroleum industry in the last 64 years of independence.

MONEY IN THE BUSH: REAL ESTATE EDUCATIONAL SERIES PART 7

REAL ESTATE
CULTURE.  POLICY.  PHILOSOPHY.  PRACTISE
INVESTMENT OPPORTUNITIES IN THE REAL ESTATE SECTOR…
In this piece, we are examining Real estate investment opportunities for first-time investors who desire to invest in the real estate sector but are not adequately informed.

Land Acquisition: For this article, the first foundational investment is land purchase otherwise known as Landbanking, that is the first investment for example you can start land investments with as little as N1000 monthly or sometimes outright purchase of N300k above in emerging areas like Epe. Atan-Ota etc the goal is to position you for more profit when the property value increases as a result of rapid development within that axis a classical example today is Ibeju-Lekki Lagos people started buying lands initially for N5OOK per Plot, but today the same lands are going for as high as N20M per plot due to accelerated pace of development that has exploded within that axis today. The beauty of land ownership once it is acquired with proper titles and properly allocated from a reputable firm with a track record in the industry it becomes a License to wealth creation.

Hostel accommodation: This is a major investment opportunity for smart investors as most public universities in Nigeria cannot provide accommodation to the huge student population in their institutions, with a populace sometimes exceeding 30000 people there is a huge accommodation gap that needs to be filled this where filling this gap requires adequate investments in residential accommodation for students..For example, when I was schooling in FCT Abuja notably Gwagwalada the University town some smart investors built quality hostel accommodations for the Student population and they raked in huge returns on investments as Students patronized them in huge numbers thus making them smile to the bank.

Commercial properties: This class of properties are Shopping Malls and complexes, they are money spinners for investors who want to increase their investment portfolio in the Real estate sector, especially in major urban settlements across Nigeria where there is a huge demand for such facilities where businesses are established daily due to economic pressures on families and households.
Tourist and relaxation centers: These are facilities for leisure, tourism, and relaxation such as Hotels, upscale resorts, bars, and lounges where most people flock to relax and have a good time with friends, families, and associates. Those willing to invest in the sector can take advantage of opportunities in this sector especially in emerging urban settlements.

MONEY IN THE BUSH: PART 5 REAL ESTATE EDUCATIONAL SERIES

REAL ESTATE FINANCING PLATFORMS
Globally real estate sector is a major component of economic activity, of which Housing and Urbanisation a major needs of Man after Food and Clothing. In light of the importance of human existence, there have been financing platforms created to support the Real estate sector we are going to highlight these programs as follows:

Housing Funds: The Military Government of General Ibrahim Babangida created by decree the National Housing Fund in the year 1992 to cater for the housing needs of the Nigerian populace through contributory efforts of individuals to win Houses through The Federal Mortgage Bank of Nigeria(FMBN), also the National Housing Fund legislation mandatory contributions by Banks, most Nigerians have lamented the inefficiency of scheme after 32 years, due to the fact is a monopoly of the FMBN, there are however measures to break that monopoly by allowing Private sector led Housing Funds as it done in the 20-year Pension scheme in Nigeria to make it more successful.

Mortgage Banks: These are financial institutions whose primary mandate is to lend to individuals or groups who need finance to own their homes or Developers who are into construction of mass housing. In Nigeria they are regulated by the Central Bank of Nigeria (CBN), they are referred to as Primary Mortgage institutions, the rate of mortgage penetration in Nigeria is less than 4% one of the lowest in the World compared to 32% in South Africa.
The existing PMIs most aggressively shore up their customer care and originate more mortgages to cater to Nigerians who need homes.
Mortgage Refinance Company: They are mortgage finance houses whose business is to originate mortgagees from the capital markets for onward finance to Primary Mortgage institutions, they are referred to as Secondary Mortgage institutions the key player in Nigeria is the Nigerian Mortgage Refinance Company (NMRC) that came into existence in 2013 by the Federal Government of Nigeria.

Real Estate Investment Trusts: These are vehicles regulated by the Securities and Exchange Commission (SEC) whose sole mandate is to raise funds through Investment offers to Private investors or the General public, they are managed as trusts to protect the interests of Investors in the trust. In Nigeria we have 3 REITS which is considerably low compared to South Africa which has 45 REITS with a solid financial system, REITS play a critical role in mobilizing financing for Real estate projects.

The Capital Market: This a vital platform that can create adequate funding for the Real estate sector that can facilitate more job opportunities and economic growth, in South Africa there are Real estate Funds that are floated by companies and listed to raise funding for housing and urbanization projects. In the Capital market here in Nigeria we have the Nigerian Exchange Group, NASD OTC, and FMDQ OTC Exchanges where firms can raise long-term funding for the Real estate industry but they are presently underutilized by most Nigerian Entrepreneurs who prefer equity contributions from prospective subscribers to housing projects as the perennial traditional model of financing.
In this educational piece, it is clear that the Real estate funding apparatus is still grossly undeveloped due to the ignorance of many Nigerians and the attitudinal problems associated with Nigerians in the last 50 years, it is an opportunity for discerning investors to tap into the huge economic opportunity the housing and urban development sector holds for the Nigerian economy.

REAL ESTATE FINANCING PLATFORMS
Globally real estate sector is a major component of economic activity, of which Housing and Urbanisation a major needs of Man after Food and Clothing. In light of the importance of human existence, there have been financing platforms created to support the Real estate sector we are going to highlight these programs as follows:

Housing Funds: The Military Government of General Ibrahim Babangida created by decree the National Housing Fund in the year 1992 to cater for the housing needs of the Nigerian populace through contributory efforts of individuals to win Houses through The Federal Mortgage Bank of Nigeria(FMBN), also the National Housing Fund legislation mandatory contributions by Banks, most Nigerians have lamented the inefficiency of scheme after 32 years, due to the fact is a monopoly of the FMBN, there are however measures to break that monopoly by allowing Private sector led Housing Funds as it done in the 20-year Pension scheme in Nigeria to make it more successful.

Mortgage Banks: These are financial institutions whose primary mandate is to lend to individuals or groups who need finance to own their homes or Developers who are into construction of mass housing. In Nigeria they are regulated by the Central Bank of Nigeria (CBN), they are referred to as Primary Mortgage institutions, the rate of mortgage penetration in Nigeria is less than 4% one of the lowest in the World compared to 32% in South Africa.
The existing PMIs most aggressively shore up their customer care and originate more mortgages to cater to Nigerians who need homes.
Mortgage Refinance Company: They are mortgage finance houses whose business is to originate mortgagees from the capital markets for onward finance to Primary Mortgage institutions, they are referred to as Secondary Mortgage institutions the key player in Nigeria is the Nigerian Mortgage Refinance Company (NMRC) that came into existence in 2013 by the Federal Government of Nigeria.

Real Estate Investment Trusts: These are vehicles regulated by the Securities and Exchange Commission (SEC) whose sole mandate is to raise funds through Investment offers to Private investors or the General public, they are managed as trusts to protect the interests of Investors in the trust. In Nigeria we have 3 REITS which is considerably low compared to South Africa which has 45 REITS with a solid financial system, REITS play a critical role in mobilizing financing for Real estate projects.

The Capital Market: This a vital platform that can create adequate funding for the Real estate sector that can facilitate more job opportunities and economic growth, in South Africa there are Real estate Funds that are floated by companies and listed to raise funding for housing and urbanization projects. In the Capital market here in Nigeria we have the Nigerian Exchange Group, NASD OTC, and FMDQ OTC Exchanges where firms can raise long-term funding for the Real estate industry but they are presently underutilized by most Nigerian Entrepreneurs who prefer equity contributions from prospective subscribers to housing projects as the perennial traditional model of financing.
In this educational piece, it is clear that the Real estate funding apparatus is still grossly undeveloped due to the ignorance of many Nigerians and the attitudinal problems associated with Nigerians in the last 50 years, it is an opportunity for discerning investors to tap into the huge economic opportunity the housing and urban development sector holds for the Nigerian economy.

MONEY IN THE BUSH: PART 5 REAL ESTATE EDUCATIONAL SERIES

REAL ESTATE FINANCING PLATFORMS
Globally real estate sector is a major component of economic activity, of which Housing and Urbanisation a major needs of Man after Food and Clothing. In light of the importance of human existence, there have been financing platforms created to support the Real estate sector we are going to highlight these programs as follows:

Housing Funds: The Military Government of General Ibrahim Babangida created by decree the National Housing Fund in the year 1992 to cater for the housing needs of the Nigerian populace through contributory efforts of individuals to win Houses through The Federal Mortgage Bank of Nigeria(FMBN), also the National Housing Fund legislation mandatory contributions by Banks, most Nigerians have lamented the inefficiency of scheme after 32 years, due to the fact is a monopoly of the FMBN, there are however measures to break that monopoly by allowing Private sector led Housing Funds as it done in the 20-year Pension scheme in Nigeria to make it more successful.

Mortgage Banks: These are financial institutions whose primary mandate is to lend to individuals or groups who need finance to own their homes or Developers who are into construction of mass housing. In Nigeria they are regulated by the Central Bank of Nigeria (CBN), they are referred to as Primary Mortgage institutions, the rate of mortgage penetration in Nigeria is less than 4% one of the lowest in the World compared to 32% in South Africa.
The existing PMIs most aggressively shore up their customer care and originate more mortgages to cater to Nigerians who need homes.
Mortgage Refinance Company: They are mortgage finance houses whose business is to originate mortgagees from the capital markets for onward finance to Primary Mortgage institutions, they are referred to as Secondary Mortgage institutions the key player in Nigeria is the Nigerian Mortgage Refinance Company (NMRC) that came into existence in 2013 by the Federal Government of Nigeria.

Real Estate Investment Trusts: These are vehicles regulated by the Securities and Exchange Commission (SEC) whose sole mandate is to raise funds through Investment offers to Private investors or the General public, they are managed as trusts to protect the interests of Investors in the trust. In Nigeria we have 3 REITS which is considerably low compared to South Africa which has 45 REITS with a solid financial system, REITS play a critical role in mobilizing financing for Real estate projects.

The Capital Market: This a vital platform that can create adequate funding for the Real estate sector that can facilitate more job opportunities and economic growth, in South Africa there are Real estate Funds that are floated by companies and listed to raise funding for housing and urbanization projects. In the Capital market here in Nigeria we have the Nigerian Exchange Group, NASD OTC, and FMDQ OTC Exchanges where firms can raise long-term funding for the Real estate industry but they are presently underutilized by most Nigerian Entrepreneurs who prefer equity contributions from prospective subscribers to housing projects as the perennial traditional model of financing.
In this educational piece, it is clear that the Real estate funding apparatus is still grossly undeveloped due to the ignorance of many Nigerians and the attitudinal problems associated with Nigerians in the last 50 years, it is an opportunity for discerning investors to tap into the huge economic opportunity the housing and urban development sector holds for the Nigerian economy.

REAL ESTATE FINANCING PLATFORMS
Globally real estate sector is a major component of economic activity, of which Housing and Urbanisation a major needs of Man after Food and Clothing. In light of the importance of human existence, there have been financing platforms created to support the Real estate sector we are going to highlight these programs as follows:

Housing Funds: The Military Government of General Ibrahim Babangida created by decree the National Housing Fund in the year 1992 to cater for the housing needs of the Nigerian populace through contributory efforts of individuals to win Houses through The Federal Mortgage Bank of Nigeria(FMBN), also the National Housing Fund legislation mandatory contributions by Banks, most Nigerians have lamented the inefficiency of scheme after 32 years, due to the fact is a monopoly of the FMBN, there are however measures to break that monopoly by allowing Private sector led Housing Funds as it done in the 20-year Pension scheme in Nigeria to make it more successful.

Mortgage Banks: These are financial institutions whose primary mandate is to lend to individuals or groups who need finance to own their homes or Developers who are into construction of mass housing. In Nigeria they are regulated by the Central Bank of Nigeria (CBN), they are referred to as Primary Mortgage institutions, the rate of mortgage penetration in Nigeria is less than 4% one of the lowest in the World compared to 32% in South Africa.
The existing PMIs most aggressively shore up their customer care and originate more mortgages to cater to Nigerians who need homes.
Mortgage Refinance Company: They are mortgage finance houses whose business is to originate mortgagees from the capital markets for onward finance to Primary Mortgage institutions, they are referred to as Secondary Mortgage institutions the key player in Nigeria is the Nigerian Mortgage Refinance Company (NMRC) that came into existence in 2013 by the Federal Government of Nigeria.

Real Estate Investment Trusts: These are vehicles regulated by the Securities and Exchange Commission (SEC) whose sole mandate is to raise funds through Investment offers to Private investors or the General public, they are managed as trusts to protect the interests of Investors in the trust. In Nigeria we have 3 REITS which is considerably low compared to South Africa which has 45 REITS with a solid financial system, REITS play a critical role in mobilizing financing for Real estate projects.

The Capital Market: This a vital platform that can create adequate funding for the Real estate sector that can facilitate more job opportunities and economic growth, in South Africa there are Real estate Funds that are floated by companies and listed to raise funding for housing and urbanization projects. In the Capital market here in Nigeria we have the Nigerian Exchange Group, NASD OTC, and FMDQ OTC Exchanges where firms can raise long-term funding for the Real estate industry but they are presently underutilized by most Nigerian Entrepreneurs who prefer equity contributions from prospective subscribers to housing projects as the perennial traditional model of financing.
In this educational piece, it is clear that the Real estate funding apparatus is still grossly undeveloped due to the ignorance of many Nigerians and the attitudinal problems associated with Nigerians in the last 50 years, it is an opportunity for discerning investors to tap into the huge economic opportunity the housing and urban development sector holds for the Nigerian economy.