Connect with us


‘Why Buying Land in Sagamu with Adron Homes is a Wise Economic Decision’



Nestled in the heart of Ogun State, Sagamu stands as a beacon of economic potential in Nigeria. Its strategic location along major transportation routes, including the bustling Lagos-Ibadan Expressway and the proposed Lagos-Ibadan railway, positions it as a prime investment destination for those seeking lucrative opportunities in real estate.

Sagamu’s allure lies not only in its proximity to Lagos, Abeokuta, Papalanto, Ibadan expressway, and other commercial nerve centers but also in its evolving urban landscape. The city is experiencing rapid urban expansion, fueled by population growth and industrial development. This expansion paves the way for diverse investment prospects, ranging from residential to commercial and industrial projects.

One of the key drivers of Sagamu’s economic growth is its robust infrastructure development. Government investments in road networks, electricity, water supply, and telecommunications infrastructure have been instrumental in enhancing the city’s appeal to investors. As infrastructure improves, land values in Sagamu and its environs are poised to appreciate, offering promising returns on investment.

With the Adron Homes and Properties Houston Park and Gardens estate Kajola behind the International Breweries Ltd, Winter Park, and Gardens estate, opposite the Gateway International Stadium Sagamu and our Imperial Park and Gardens, GRA quarters also in Sagamu. You can also be part of the industrial and economic prowess of this city.

Sagamu’s status as an industrial hub further enhances its investment potential. The city is home to thriving industrial estates and manufacturing hubs, attracting businesses seeking affordable land and a conducive business environment. Investors keen on capitalizing on the burgeoning industrial sector can explore opportunities in land acquisition for commercial and industrial purposes.

Beyond industrialization, Sagamu boasts fertile land suitable for agriculture. With a growing focus on agricultural production and food security, investing in farmland presents an enticing opportunity. Commercial farming, agro-processing industries, and agribusinesses stand to benefit from Sagamu’s agricultural potential.

Tourism also plays a pivotal role in Sagamu’s economic landscape. The city boasts natural attractions such as the iconic Olumo Rock and the scenic Oyan Dam, drawing tourists from far and wide. Investors eyeing the tourism sector can explore opportunities in land acquisition for hospitality and recreational facilities, catering to the needs of visitors.

Government policies and regulations governing land ownership and development are critical considerations for prospective investors. Ogun State’s pro-business policies aimed at promoting investment and development provide a conducive environment for real estate investment in Sagamu.

Market demand analysis is another crucial aspect to consider when buying land in Sagamu. Factors such as population growth, employment opportunities, and lifestyle preferences influence market demand for different types of properties. Investors should conduct thorough market research to identify lucrative investment opportunities aligned with market demand.

In light of Sagamu’s promising economic prospects, investors are advised to exercise due diligence and seek professional advice before making investment decisions. Making informed decisions means going to a tested and trusted real estate company with a proven record of 12 years of real estate development across major cities in Nigeria. Adron Homes has proven to be the best in real estate development and practices with over 40,000 customers and 3,000 homeowners who have benefitted from the company’s flexible payment structures which allow buyers to pay for land In installments without stress.

In conclusion, Sagamu, Ogun State, offers a wealth of economic opportunities for investors looking to buy land. With its strategic location, urban expansion, robust infrastructure, industrialization, agricultural potential, tourism attractions, favorable government policies, and market demand, Sagamu stands as a compelling destination for real estate investment in Nigeria’s evolving landscape and when deciding to buy in this location, consider buying from Adron Homes And Properties.

Continue Reading

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Abbey Mortgage Bank Cleared of Insider Trading Allegations



Abbey Mortgage Bank Plc has been cleared of allegations regarding insider trading during a closed period, as initially stated in the Nigerian Exchange’s X-Compliance Report. After a review of the circumstances surrounding the case, the Nigerian Exchange (NGX) has decided not to enforce any penalties against the bank.
The initial report, dated May 10, had implied a breach of Rule 17:18, which governs the period of closure for trading activities by insiders who possess material, non-public information. Such periods are critical in maintaining market integrity and investor trust. However, upon closer examination and considering the explanations provided by Abbey Mortgage Bank, the NGX concluded that there was no substantial violation warranting a penalty.
Instead of a penalty, the NGX has mandated that Abbey Mortgage Bank attend a compliance training session, which is intended to reinforce adherence to regulatory standards and further ensure the bank’s commitment to best practices in corporate governance. This training, costing One million, two hundred and thirty thousand, one hundred and eighty (1,230,180) naira, highlights the NGX’s dedication to education and compliance over punitive measures.
Abbey Mortgage Bank, a leader in the Nigerian mortgage sector since its incorporation in August 1992, has continually demonstrated resilience and stability. With strategic growth initiatives, such as the addition of a significant investor in 2020, the bank has shown remarkable progress, including a 250% increase in customer deposits from N6 billion to N21 billion in 2021 and shareholders’ funds exceeding N8.5 billion.
This positive resolution highlights the importance of due process and the NGX’s role in maintaining transparency while supporting the growth and integrity of listed companies. Abbey Mortgage Bank’s proactive response and subsequent exoneration reinforces its reputation as a trusted and compliant financial institution, poised for continued success in the mortgage banking sector.
Continue Reading


FirstBank, Rotary Empower 102 Beneficiaries with N20m Start-Up Kits



The First Bank of Nigeria Limited, with Rotary Club International, District 9110, has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades.

The News Agency of Nigeria (NAN) reports that start-up kits distributed included: grinding machines, plumbing kits, deep freezers, sewing machines, generators, gas burners and cylinders, barbers and hairdressers kits, among others.

NAN further reports that the community intervention project had beneficiaries from the three major ethnic groups in Nigeria drawn from Lagos, Ogun and Oyo states.

Mrs Helen Ihonre, Unit Head, Other SME Products e-Business and Retail, FirstBank, during the presentation, offered insights on financial management and economic discipline. She emphasised the importance of maintaining records and accessing low-interest loans to support business growth and expansion.

She urged beneficiaries to prioritise saving from the inception of their businesses, while discouraging them from keeping funds at home, which might lead to misuse. “Start saving from the beginning of your business. Don’t wait till you sell then keep the money in your house”, she said.

Rotary District 9110 Governor, Ifeyinwa Ejezie, spoke on the significance of economic empowerment in Rotary’s initiatives and called for government collaboration to reach grassroots communities effectively. She emphasised the role of Rotary in complementing government efforts and stressed the need for recognition and partnership to enhance community development. She added that the N20 million items distributed were the largest the district had done in one empowerment initiative in recent times.

Bukola Bakare, Rotary International District Governor Nominee Designate, explained the process and challenges of raising funds for the project and how they incorporated Rotary from Singapore to absorb shocks from inflation. She said, “everything that has been given here today is free for the beneficiaries”.

She mentioned that FirstBank was a major sponsor for the project, adding that the 102 beneficiaries were chosen based on a needs analysis from Igbos, Hausa and Yorubas resident in Lagos, Ogun and Oyo states.

“FirstBank is our major supporter for this programme” she said.

Mr Babatunde Adewale, Permanent Board Member, Lagos State Universal Basic Education, lauded the empowerment programme, while reeling out contributions and projects of Rotary International to schools in the state. “We really appreciate Rotary and SUBEB will always continue to collaborate with them,” he said.

Mrs Kemi Kalesanwo, Director, Lagos State Agency for Mass Education, said that 22 out of the 102 beneficiaries were from the agency’s vocational training centres. Kalesanwo said that the state government believed in public, private partnership and was happy with the collaboration with Rotary and FirstBank.

She listed projects donated by Rotary to include construction of one of the eight vocational training centres, owned by the agency in Igbogbo area of Lagos. Kalesanwo, therefore, urged other Nigerians to support government programmes.

Otumba Wemmy Osunde, Chairman, Illisan Development Association, Ogun State, pledged personal commitment to ensuring beneficiaries utilise the items for economic gain. Adekunmi Adeniyi, an industrial gas burner and cylinder beneficiary alongside other beneficiaries expressed gratitude to Rotary International and FirstBank for the initiative. He acknowledged the impact on their respective trades and crafts.

Culled from NAN

Continue Reading


Embrace Artificial Intelligence, AI Expert Tells SMEs



Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder AI Nigeria, Ehia Erhabor, made this submission in his presentation titled “Using AI for business innovation” delivered at the Ecobank MySME Growth Series webinar. He emphasied that AI is a gamechanger particularly for small businesses.

According to him, AI is rapidly transforming industries by automating processes, enhancing analytics, and enabling personalized customer experience, stressing that the future of AI is its democratization where companies of all sizes including SMEs can harness its power to drive innovation and gain competitive edge.

Specifically, Erhabor pointed out that “AI technology holds the key to the future. It is quite pervasive. It is part of our existence and will impact businesses the way we can ever imagine. It can help SMEs develop new products and services by analysing data and identifying customers’ needs. AI can also be used to automate repetitive tasks, streamline workflows, and improve efficiency by reducing operational costs.”

He listed the challenges and risks of AI as bias, explainability, privacy, transparency and misuse, debunking claims in some quarters that AI will lead to the end of the world but rather a tool for development.

Also speaking, former Chief Operating Officer, Flutterwave, Bode Abifari said AI technology holds the key to the future, explaining that it simulates human intelligence to perform complex tasks like research, decision making, pattern recognition and problem solving.

She submitted that AI was capable of improving customers’ experience and engagements for the SMEs, adding that the technology can personalize interactions, provide personalized recommendations and enhance customer service leading to increased customer satisfaction and loyalty for small businesses.

Ecobank MySME Growth Series which started in February this year is designed to empower SME operators across the country. It is part of the bank’s commitment to train over 1 million SME operators in various sectors of the economy in 2024.  The training will provide resources for starting a business, registration processes, industry statistics, and essential considerations for running a business. The series cover key areas such as accounting, credit, sales & marketing, taxation, and inventory management.

Additionally, articles on important topics like increasing sales, advertising ideas, business management practices, case studies, and leveraging technology will be provided.  Ecobank also plans to launch an SME Mentorship program to collaborate with successful entrepreneurs. Taken together, the MySME Growth Series reflects Ecobank’s dedication to fostering growth and success within the SME community.

Continue Reading