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Rents crash by 50% as businesses, individuals relocate

The persistent traffic gridlock along the Apapa – Oshodi Expressway has forced mass relocation of businesses and individuals out of Apapa, causing property rents to crash by 50 percent.

The Apapa-Oshodi Expressway links the nation’s biggest seaport, Apapa port, to other parts of the country. Hence most of the goods imported or exported are transported through this major road. The road in recent times has been rendered impassable due to traffic gridlock caused by several factors, chiefly tankers carrying petroleum products, which converge on the road in their hundreds to load products from the various petroleum tank farms located within and around Apapa city.

Vanguard gathered from visits to some residential areas in Apapa that a three bedroom flat along Warehouse Road now goes for N250, 000 per annum instead of N500, 000; a four unit of three bedroom flats along Liverpool Road goes for N2.5 million instead of  N5  million per annum; while a four bedroom flat with three toilets at Alhaji Kareem Street costs N400, 000 as annual rent. Also, a two bedroom flat at Apapa Ajegunle goes for N120, 000 as rent per annum.

Speaking on the sharp reduction in rent, a real estate agent who operates from Warehouse Road, Oni Seun told Vanguard that landlords in the area decided to reduce their rent as a way of attracting new residents to the area. He said: “Tenants are packing out, no one is ready to relocate to this area, and the traffic has thoroughly affected our business.

Prior to this time, we rent out a three bedroom flat for N500, 000 to N600,000, but right now, it goes for N250, 000 and yet people are not ready to settle here. Most houses in this area are vacant; we have a lot of office spaces to rent out. I am using this opportunity to call on the federal government to come to our aid because we are going through hell.”

– See more at: http://www.vanguardngr.com/2015/01/rents-crash-50-businesses-individuals-relocate/#sthash.OQoiNHSJ.dpuf


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PRESIDENCY: IBB backs Buhari

MINNA—Nigeria’s former military president, General Ibrahim Babangida (ret), yesterday, endorsed the presidential aspiration of General Muhammadu Buhari, saying the All Progressives Congress, APC, presidential candidate was suitably positioned to salvage the country.
Babangida who received Buhari in his Minna, Niger State residence also said the country’s retired generals would back Buhari being one of their own. He dismissed as fable, media insinuations of a feud between him and Buhari.

Buhari’s visit to Babangida was on the fringes of his campaign to Minna which was climaxed with the defection of the incumbent Deputy Governor of the state, Ahmed Ibeto to the APC.

Expressing his appreciation of Buhari’s unwavering commitment to service of the fatherland, during the visit to his Hill Top residence in Minna, General Babangida said: “You have beaten some of us in proving Gen. Douglas McArthur’s theory that “old soldiers never die but fade away gradually,” but you have refused to fade away.

“I wish to congratulate members of the party for the honour of nominating my colleague, General Muhammadu Buhari as your presidential candidate in 2015 election”.

Debunking media insinuations of an unending feud between himself and Buhari who he ousted as Head of State in 1985, Babangida said:
“You media men have created this impression that we are fighting each other. Look at us here today; he knows what I mean and I know what he means. We both fought to keep Nigeria one when we were young majors then. We were well travelled.

“I want to commend APC for choosing our colleague as your flag bearer. All of us will support you (Buhari) in this cause to salvage this country,” IBB stated.

Buhari had before then explained to Babangida that he was in Minna to solicit votes towards realising his aspiration to again lead the country as a civilian president and expressed joy on the reception given him and his delegation by the former military president.
Buhari said that he had earlier visited another former ruler, Gen. Olusegun Obasanjo who he said refused to decamp from the ruling Peoples Democratic Party, PDP but nevertheless gave his blessing to his aspiration.

On Buhari’s entourage were the national leader of the party, Asiwaju Bola Ahmed Tinubu; the deputy national chairman of the APC, Senator Lawali Shuaibu; Director-General of the Buhari Campaign Organisation, Governor Rotimi Amaechi; party chieftains including Chief Audu Ogbeh, Chief Bisi Akande, Prince Olagunsoye Oyinlola, Mr. Segun Oni and Ms Temi Harriman.

Others are General Abdurahaman Dambazzau, Senator George Akume, Chief Niyi Adebayo, Senator Bukola Saraki, Alhaji Kawu Baraje and Chief Kemi Nelson among others.

Following the courtesy call, Buhari addressed a large rally at the Polo Ground, Minna where he vowed that if successful in the election, he would wage a total war against insecurity in the country as he pledged to fully equip the military for the assignment.

He pledged that his administration would use the agricultural potentials of the state to an advantage and also promised that agriculture would be given the pride of place in his government.

The candidate urged those who turned out that the promises he was making would, however, only be realised “if the people go out to vote, peacefully stay behind and ensure that their votes count”.

Osinbajo, Tinubu speak
Before Buhari spoke, his running mate, Professor Osinbajo had told the crowd that an APC government would frontally address the problems in the power sector saying: “We have to settle the problem in the power sector. We know the problem and we are going to find solution to the problem. We have the answer, Nigerians should give us chance by voting for APC come February 14, 2015.”

Also speaking, Tinubu, also the Jagaban Borgu in Niger State, flayed President Goodluck Jonathan as a man not to be trusted with his words. He said the president had promised not to vie for a second term before the 2011 elections.

“President Jonathan in one African country in 2011 promised to spend only four years. He went further to say that if he can’t fix Nigeria in four years, he will not be able to succeed in 20 years, so why must we allow a man who failed to honour a promise he made four years ago?”

He described the Jonathan administration as a failure, saying the government could not count tangible achievements in six years.
Governor Amaechi in his address described the Jonathan administration as steeped in fraud. He dismissed last Sunday’s reduction in petrol price as a fraud as, according to him, the reduction was late and did not meet the reduction in global price of crude.

The rally was climaxed with the defection of the incumbent deputy governor of the state, Ahmed Musa Ibeto to the APC. Ibeto came along with 319 other PDP chieftains to APC.

– See more at: http://www.vanguardngr.com/2015/01/presidency-ibb-backs-buhari/#sthash.trmeTEN5.dpufIBB-Buhari


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Chad movement

Nigeria downplays Chad’s move to capture Baga: Boko Haram

In what has raised concerns over possible violation of Nigeria’s sovereignty, the Chadian government in collaboration with its Cameroonian counterpart, has sent troops to recapture Nigeria’s border town of Baga from Boko Haram insurgents, without the knowledge or approval of the Nigerian government.

The Nigerian military confirmed Monday it had no knowledge of an order by President Idriss Deby of Chad, deploying that country’s armed forces in pursuit of Boko Haram in Nigerian territory.

Regardless, defence spokesperson, Chris Olukolade, said the order makes little difference since Chad already belongs to a Multinational force alongside Nigeria, Cameroun and Niger, set up to tackle the terrorist group.

Boko Haram militants captured the town on January 3 after it sacked a base of the Multi-National Joint Task Force, MNJTF, there and unleashed terror on the civilian population in the town.

Amnesty International said over 2,000 people were killed in the attack, while the Nigerian military said the casualty figure was not more than 150.

Nigerien and Chadian troops who were part of the MNJTF had withdrawn from the town prior to the attack.

On Saturday, thousands of people marched some kilometres waving the Chadian flag in support of Chadian troops dispatched to fight Boko Haram troops in Nigerian and Cameroon.

The Chadian president, Mr. Deby, said in a speech read by the country’s head of parliament that the aim of the troops was to capture Baga.

“We answered the call of (Cameroon’s) President Paul Biya. We cannot remain indifferent to what happens to our neighbours. Cameroon must not be left alone to face this threat that has so hurt innocent people in Cameroon and in Nigeria,” said Mr. Deby.

Apparently left in the dark, the Nigerian military, however, seems confused over the development.

The Defence Spokesperson, Chris Olukolade, confirmed that the government was unaware of the deployments but said that he would need to “verify”.

“I’ll need to verify what you are saying but it is not as if everything is out of order, there is Multinational Joint Task Force which allows us to interact with forces of neighbouring countries among which they are,” he told PREMIUM TIMES.

“But even with that being the case, there cannot be solo operations in that area that will ignore the existing Nigeria’s arrangement for that area,” he added.

Security experts say the response of the Nigerian government to the development is worrying.

“The Nigerian government saying through the army spokesperson, General Olukolade that they are ‘lukewarm’ to Chad’s mission to Nigeria is very troubling to say the least. If Chad’s intentions and mission is good intended then why should the Nigerian government be kept out of the loop and be unenthusiastic? This questions the trust we as a people have in both governments. Would the Nigerian government not wish Chad assist them in rescuing occupied territories? Is there intelligence with the Nigerian administration that makes them suspicious of Chad; or are they uninterested in Nigeria’s liberation?” Peregrino Brimah, of the civil society group, Every Nigerian Do Something (ENDS).

Mr. Brimah said the announcement of Mr. Deby to his people that his troops were on a mission to re-capture Baga without informing President Goodluck Jonathan is similar to Mexico announcing it was going to rescue a troubled Texas with the knowledge of the United State government.

“Chad setting out to assist Cameroon at their request is appropriate, however for the Chadian president, Idriss Deby to announce formally to his people and to the international press that his troops will be invading Nigeria to “re-capture” Baga, without express permission and willful authorization by the Goodluck Jonathan administration is absurd. It is like Mexico deciding it will invade the United States to rescue a “plagued Texas” without the explicit approval of the United States government.”

This development is even more worrying with the allegation that elements in the Chadian and Nigerien armies are complicit in providing support for the terrorist group.

Last September PREMIUM TIMES exclusively reported that credible intelligence obtained by sources within the Chadian army linked former Governor of Borno State, Ali Sheriff and Mr. Deby to Boko Haram sponsorship. Messrs Sheriff and Deby are close friends.

“…members of Boko Haram sect are sometimes kept in Abeche region in Chad and trained before being dispersed. This happens usually when Mr. Sheriff visits Abeche,” a 2011 intelligence memo from field officers in N’djamena, the capital of Chad, read.

The report said Mr. Deby provided “ready army and possible refuge” to Boko Haram insurgents and his support for the insurgents is linked with his friendship with Mr Sheriff, a known gunrunner.

“Military reports from Biu pointed to Chadians being a major force in Boko Haram. Boko Haram courts ruling occupied parts of the northeast have been reported to be presided over by Boko Haram Chadian nationals and not even Nigerians. There are serious questions of Chad’s complicity to say the least in Boko Haram’s proliferation, the harbouring of Boko Haram terror training camps, Boko Haram’s sourcing of weapons, its trade in abducted persons and even allowing the nation be a place of retreat for wounded and fleeing terrorists and a dock where stolen properties from Nigeria are transferred,” said Mr. Brimah.

While suggesting better cooperation and trust between Nigeria and Chad, Mr. Brimah said Nigeria should not compromise on the issue of the violation of its national integrity and pride.

“Nigerians should not be forced to choose between Boko Haram terror and foreign violations of our national pride, sovereignty and international boundary laws. In the event of Chad “re-capturing” Baga; what are the terms of its returning this and other Nigerian territories to Nigeria? Such modalities should have been worked out before a Chadian proposition of a mission into Nigeria.” Source Premium Times http://www.premiumtimesng.com/news/headlines/175232-boko-haram-nigeria-downplays-chads-move-capture-baga.html

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