Thursday, 10 December 2015

Adron Homes Launches Lemon Friday: Gives out 20% Discount and 1Million Bags of Rice

Leading real estate and property development company, Adron Homes & Properties Limited is offering a mouth-watering gift for all their current and new customers this yuletide season in the Lemon Friday 20/20 promo. Speaking recently at a press conference, Group Managing Director, Adron Homes & Properties Limited, Dr. Oba Adetola Emmanuel Olaonipekun King revealed that the promotion, which started on Wednesday, September 2, will close on Friday, December 18 with a raffle draw on Saturday, December 19. According to King, the Lemon Friday campaign is to appreciate its subscribers.

The promo according to the company will give 20 per cent on every land bought during the period and anybody who is able to make a down payment of 20 per cent automatically will get a bag of rice and one hamper, asked of the gift of hamper and rice the MD claimed that the company will be giving out one million bags of rice and packs of hampers which means every new and old customers stands a good chance to have even more wonderful Christmas celebration compliments of Adron Homes and Properties

Adron Homes & Properties Limited was established to provide suitable and affordable houses for everyone, irrespective of social class, income level and all else. Its lands are located in different locations like; Ibeju-Lekki; Shimawa, behind Redeemed Camp;,Atan Ota; Shimawa among others.

First Shopping Mall In Anambra State Opening Soon

Anambra State Gov. Willie Obaino
Onitsha, the largest commercial and trading centre in South East Nigeria, is set to witness increased tempo of activities as the first shopping mall in the area opens for business in the first quarter of 2016.
Onitsha Mall, a joint venture project by African Capital Alliance and the Anambra State Government, is located off Awka Road in the GRA part of the city. The mall has over 60 shops and is easily accessible from all parts of Onitsha and surrounding towns such as Obosi, Oba, Ogbaru, Nsugbe, Nkwelle, Nkpor, Ogidi and Aguleri, to name a few.
Ngonyama Okpanum Associates “NOA”, an international architectural firm with offices in Abuja, Cape Town and Saigon Vietnam are the designers of the Mall. The debt funding for the project was provided by Diamond Bank.
The facility, the first of its kind in Anambra State, is at about 95% completion and will open for business in February 2016. Shoprite and a number of big retailers offering fashion accessories, sports equipment, banking services, telecom and ICT software and hardware services have secured space in the mall. These retailers are busy fitting out their shops in preparation for the February 2016 opening.
The developers of the project, African Capital Alliance (ACA) said the new mall facility will signal a new dawn in the life of the city that has grappled with a dearth of quality recreational and modern lifestyle-enhancing amenities.
ACA’s real estate fund manager, Obiora Nwogugu, stated: “the mall will provide ample social, life-style and entertainment facilities for all categories of people. It boasts of adequate security and parking space, thereby making it an ideal place to shop, entertain and meet up with friends and family. We have also placed a premium on the use of modern equipment and methods to ensure the safety of our shoppers”. 

Wednesday, 2 December 2015

BUA Works Against FG's Drive for Investment into Local Vegetable Oil Cultivation

Alhaji Abdulsamad Rabiu, Chairman Bua Group
The federal government's drive to reduce pressure on the nations foreign exchange reserves and promote large scale creation of farming jobs in local communities in the country is being seriously set back by some companies it has been learnt.

According to investigations, BUA group, a Nigerian conglomerate, which has benefitted from federal government preferential trade incentives under the Backward Integration Policy has refused to join others in the same category to invest in real agricultural production and manufacturing.

In the vegetable oil sector, it was gathered that while other vegetable oil producers are investing in massive cultivation of oil palm plantations, BUA has done virtually nothing in terms of farming, instead it fully depends on importation of Crude Palm Oil (CPO) from Asia for refining in Nigeria with only very little value addition and economic activities created.

This business strategy said to be championed by BUA is blamed by experts for the continuous exportation of job opportunities that could have bailed a lot of Nigerians out of unemployment and poverty to other countries in Asia.

A market watcher noted: "It is disgraceful that BUA group that has received all sorts of incentives from the federal government, from hugely subsidised tariff and concessionary importation quotas over the years will not deem it necessary to begin to engage in actual production within the country. Mere importation of crude palm oil for packaging and distribution will never bring the needed economic advancement to this country."

According to investigations, PZ Wilmar which had been earlier criticised for the same issue has been seen to have acquired nearly 50,000 hectares of oil palm plantation from the Cross River State government and Obasanjo farms and they are currently rehabilitating the palm trees in this plantation, creating jobs for thousands of local people across the country.

"Unfortunately, till date, it remains to be seen if BUA with all its claim to be a foremost and major manufacturer in Nigeria, has really injected significant investment in real productive agriculture and manufacturing.

"Rather, it is said to have just been a company that imports bulk of its raw materials, many of which can be produced locally, little value addition and a lot of smile to the bank with huge margins, shipping most of the jobs and economic activities that should have been created to Asia and South America from where the significantly processed raw materials are mainly imported.

"Certainly, with Nigeria's economy now the way it is, this is not the time to encourage the kind of quasi-manufacturing operation which BUA has been accused of championing. Forex supply has reduced by almost 60 per cent, revenue to the federal government has dipped by almost the same percentage and the situation is forecast to remain gloomy for a long time to come. So, for operators who are not ready to get their hands dirty in actual farming and manufacturing, Nigeria certainly is no more the ideal market for their operations," a source stressed.