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Want to construct a building at a reduced cost in Nigeria? See these 7 ways



Building Construction is becoming more expensive for many reasons. Knowing the situation of things in the Country and how unstable our market is—for instance, there’s a rapid increase in the cost of raw materials and the price fluctuations of gas and fuel plus the costs of running heavy machinery and other related mechanical equipment. Thus, setting up a building isn’t cheap, and sometimes it can be way above our budget.

In construction, it’s not really advisable to cut corners because you may end up spending more due to some errors that might occur in the future. Building construction requires a significant capital investment.Shelter being one of the most important needs for man leads us to write this article on ways to lower the expenses on constructing a building without skipping the various necessities for the construction.


1) Professional Layout Plan: Just like this popular quote from Benjamin Franklin which states, “Failing to plan is planning to fail,”. So, for one to reduce expenses in their building construction, it has to start with a professional layout plan. This plan must be realistic and include all the costs for the construction. This will help provide you with the necessary information you need to reduce the costs and also achieve the project within the required budget. A professional layout plan help create a detailed scope of work that can lead to less money being spent on the project.

2) Services of Professionals:In erecting a building construction, it’s highly recommendable you seek the service of professionals. This is to avoid unnecessary issues that may lead to more expenses in the future if things go wrong.

Some of these professionals include:

Architect: This professional helps draft out your plan on a sketch. The plan layout is called schematic designs; it involves a rough layout of the floor plan and other specific views of the building.

Engineer: We also have the structural engineer and services engineer under this section. The structural Engineer oversees the building structure and design. He ensures that the building is designed in a way to suit and withstand both its loads and superimposed loads to avoid collapsing.

The Services Engineer is responsible for the mechanical and electrical fittings of the building. He monitors and makes sure everything is perfectly fit and functioning. He oversees the plumbing works and accessories, electrical works and other interior accessories.

The next professional is a Quantity Surveyor and others.

3) Budget: Before starting your building project, it’s important to plan out the process, this is something that all successful construction teams always do first. Meanwhile, to help reduce costs, the planning must include a budget limit and you must find ways to remain within the confines budget of the project.

Then, immediately the project gets started, all procedures should continually be in-line with the construction budgetary plan.For instance, if the plan outlines a certain limit for manual labor, then also for hiring the service of personnel is the main concern. Budgeting goes a long way with the managerial aspect of the building construction. Properly executing the job within a particular timeframe and the productivity of the workers. This certainly helps your building project stay in the green.

4) Building Material Alternative: You need to have other building materials alternative for your project, don’t just concentrate on one option. You should have other alternatives as far as they can serve the purpose you truly need. Like the quality must be trusted for that option to be considered. This is obviously one way to reduce costs in building construction. You can get other cheaper but trusted alternate materials for effective work.

For example, when it comes to the roofing aspect of the building, you can consider various types of roofing sheets which may be right for your project, check their price difference and know how to reduce cost. For instance, we have the Aluminium roofing sheet which is most popular in different homes in Nigeria due to its ability to resist corrosion and it’s also durable. It can last for 25 to 50 years.Also, we have the Industrial or normal roofing sheets, Metra, Stone Coated, Shingles, and many others roofing sheets you can consider.

5) Eliminate Change Orders: Change order simply means the process of changing or fixes things at the last minute. This can arise from different sources, it can be as a result of final review, or because the building owner wants something else or opts for another different option. Whatever the case, it’s always advisable to avoid them if possible.

Rather, a good method is to take change orders for critical issues like emergencies or fatal errors. Other smaller options like requests and upgrades should all be implemented much earlier from the beginning of the project to reduce the impact they have on your time, money, resources and even supplies.

6) Get your supplies Dynamically: Most times, you see contractors getting their supplies and materials from the same source or company. Building construction companies tend to use a particular supplier or distributor for their building project and most times may not be beneficial in the long run even though, those suppliers tend to offer discounts once in a while. The company may be losing out because they don’t get their supplies dynamically. Hence, don’t know the market price for the product or they’re not purchasing it at the best price.

Therefore, learn to purchase dynamically, or, ensure to make enquire from other base or shop and purchase based on product prices and availability. Don’t automatically assume that a supplier used earlier is selling at the best or lowest prices. Undergo thorough research on the products and know what supplies are available, also where and who has the best or lowest prices to offer.

7) Hire Multi-Tasking Employees: This part deals extensively with hiring workers that can successfully multitask and are willing to achieve more than what’s in their area of work. This comes with a lot of benefits as you get maximum productivity from your workers, hence get rid of worker downtime. It can also help to complete the building construction project on time even before the set date, thereby saving time and reducing costs as well.

Even though the budget required for the building may be high, this process may help reduce the high costs. You don’t need to worry about hiring new competent employees, you’ll focus on other important aspects of achieving your building project within the set time.

In conclusion, the cost required for building construction may be on the increase side, but it is very possible to lower the costs. All you need is just to focus on implementing these cost-efficient measures on your building project.


Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate Email: or Whatsapp/Call +2348164741041


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REAL ESTATE: is investing in a commercial real estate in Lagos a good one?




Buying and establishing real estate is a great investment strategy that can be both lucrative and fulfilling to accomplish. Quite different from bond and stock investors, potential real estate owners can decide to use leverage to acquire a property of choice. This is achieved by using leverage to pay for the total cost of the property acquired upfront, then completing the payment off the balance as time progresses.

Many of the real estate investors’ primary purpose of investment is for profit maximization and some may even be a long-term investment. Flipper investors buy property to resell at a higher price to earn income, while other real estate investors simply want to be a landlord of their rental property. Before we proceed, let’s find out the meaning of Commercial Real Estate?

What is Commercial Real Estate?

This is the process of acquiring real estate that its main purpose is majorly for business-related and income-generating aim. This type of real estate can either be for multi-family rental residential or mainly for industrial purposes, most times a combination of both. However, we have the various categories that make up commercial real estate, they include office space, retailers’ shops, hotels & resorts, malls &restaurants, and even healthcare facilities.

Commercial real estate yields rental income in combination with other capital appreciation on the property as time progresses. Although,investing in commercial real estate always need more sophistication and huge amounts of finance from investors than does residential real estate.

How Do Commercial Real Estate Works?

Just as the name implies, commercial real estate is available for industrial/commerce, multi-unit rental and can also serves as a residential space for tenants. It works through different methods that’ll discuss in this article. They include;

  1. Long-term Commercial Lease: In this method, the property is leased by the investor or group of investors who own the property to the interested user for a long time, like 5-10 years.
  2. Short-term Rental Period: In this method, the property is rented for a short period, like 12 months after the rental rate has been concluded by both parties. It can even be leased for a short period of a month.
  3. Flipping Commercial Method: This is the process whereby an investor or group of investors simply acquire a property or some properties for reselling aim. They buy at a cheaper rate and resell at a higher rate for profit gain. Some investors can keep the property for as long as they wish before reselling but a large percentage resell within a short period (like 3 to 6 months) of it being purchased.

Managing Your Commercial Real Estate

This can be done by the owner or through the services of a good commercial real estate management firm that aids in the proper maintenance & management of the property. The firm assists the owner to find & retain tenants, manage, co-ordinate the activities of the property. Most times, the services of a commercial real estate firm is highly recommended because of their vast knowledge of the rules and regulation, government policy guiding real estate investment in our country. Meanwhile, let’s see if investing in commercial real estate in Lagos is such a good idea.

Is Investing in Commercial Real Estate in Lagos a Good Idea?

Lagos is the World’s sixth megacity, a major economic hub in Nigeria with a population of 24.6 million inhabitants in 2015 according to UN-Habitat and international Agencies. Thus, Lagos population is increasing 10 times faster when compared to New York City and Los Angeles, also  bigger than the population of 32 different African nations joined together. Lagos state’s population increases by 77 people every hour. Of course,with this kind of population, housing requirement is such a hot cake and a core investment area. Hence, as Lagos city grows, also is the same increase in demand for housing and commercial real estate.

Housing Sector in Lagos

Housing has been one of the most challenging issues with urban areas especially in Lagos state due to the increasing inflow being recorded yearly. Over 500,000 people relocate to the megacity each year, this has also caused a housing deficit of upto 17 million units. Thus, this deficit provides a market and brings an opportunity for real estate investors who’re interested in building real estate mainly for commercial purposes. According to a BBC report concerning housing in Lagos, it was estimated that middle to high income housing expense cost at the rate of $2,000 to $35,000 yearly that’s for a 2-bedroom apartment and above. Even at this price, there’s inadequate housing provision for the inhabitants of the state.

Meanwhile, when compared with the cost of renting a commercial apartment in other states such as Ogun, Anambra, Oyo, Enugu, Kaduna, Cross river, etc. Lagos state has about 35% to 55% higher cost in renting an apartment or any commercial real estate category to other states. So, for investors trying to set-up a commercial real estate in Lagos, they can never go wrong with their investment once they follow judiciously the standard guiding building a commercial real estate investment in the state.

But this can’t be assured for other states. For instance, I have a client who first set up a commercial real estate (a retailer’s shop outlet) in the rural area of Mowe, Ogun State. And, since his investment in the area, he hasn’t been able to recover 60% cost of the building for over 5years now. And this was as a result of low population & low cost of living in the area. Meanwhile, that same client setup another investment at Sangotedo, Lekki almost the same as the one at Mowe but a little different due to the standard required by the Lagos state government and has made over 200% Return on investment on the property.

Therefore, I won’t be wrong if I state that commercial real estate in Lagos a good idea and a huge platform for one to invest in because of its market availability on the ground. So, from our discussion, you can see that commercial real estate in Lagos is favourable depending on your purpose of investment.


Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate Email: or Whatsapp/Call +2348164741041

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Keep your apartment comfortable this rainy season

These seven ways ill help you




The rainy season is that period of the year where your home and its content deserve extra care to avoid unforeseen circumstances that may bring discomfort to your household. However, failure to protect and preserve your property from rain can cause several damages such as potential flood basement, mold growth, destruction of building materials, and many more. And these damages may be very expensive to repair if not entirely difficult to repair or replace.

For instance, mold can be a huge threat to your family or occupants’ health and it can be prevented from your property if you take time enough to prepare for the rainy season. Just as we’re about to step into the rainy season here in Nigeria and there’s a big probability that rain may penetrate to your apartment through the wall or even the roof if you’re staying in an area prone to bad drainage or known to constant overflooding. Then, you need to read this article to know the best way to protect your apartment and make it comfortable in this rainy season and for more to come. But before then, let’s see the…

Benefits of Preparing Your Home for Rainy Season

  1. You’ll have a safe and comfortable place perfect for you and your household
  2. Eliminating the mold makes it great for your health
  3. Reduction in the home humidity levels
  4. Your clothes will be free from damages due to rain penetration
  5. No flooding of the basement or your property surrounding

Here Are 7 Ways to Make Your Apartment/Home Comfortable in Rainy Season

1.Create Ventilation: Our first step is to create ventilation most especially in those areas or corners of our apartment known to form moisture. Such as the bathroom or restroom, basement, and Kitchen. Creating ventilation aids in controlling our indoor temperature, humidity, get rid of moisture, and moderate dampness. It can be done through the presence of vent fans. Always turn them on and allow them on much longer. Vent fans can easily be fixed by an electrician if it’s not available in your apartment.

Meanwhile, you can install AC as well and while cooking, ensure to cover the food. This is to take complete advantage of the exhausted fans installed. The kitchen oven and stove-top cooking utensils generate more moisture in the home. Don’t forget to place your clothing dryer outside to help reduce moisture in the bathroom or basement.

2. Build Waterproof: A  lot of residents complain of rain penetration into the building structure of their apartment. And it’s quite severe during heavy rainfall, this issue can be solved by sorting out where the defect is located and have it fixed. But If the landlord/property owner fails to sort out the issue with the defect, you can choose to set up a waterproof coating over your apartment, that’s the external wall, this can serve as a barrier to prevent rain or water from penetrating into the building and eliminate damp walls in your apartment.

Waterproofing serves as a medium to prevent structure deterioration, prevent damage to the building interior and eliminate the growth of mildew and mold in your apartment.

3. Increase Indoor Temperature: You need to increase the indoor temperature so as to decrease the humidity of your apartment. This is the fact that an increase in the temperature of a room causes a decrease in humidity.In addition, you can as well make use of a dehumidifier to maintain the humidity in your apartment.

For instance, if you live in a less or older apartment. It’s mainly placed in the basements or in the bathrooms or even any specific location in your apartment where you need moist removal. To ensure well circulation, the dehumidifier works perfectly with closed windows and doors. It should also be placed far away from furniture and the wall excluding models that have an air vent installed on top.

4. Fix Wall Cracks:Fixing your apartment wall cracks helps keep your home safe and comfortable during the rainy season. It aids in the prevention of rain penetration into the apartment and it’s very advisable you fix it with a high-quality wall product.Therefore, it’s good to check for any cracks in your apartment and seal them before rain comes. These cracks cause the major issue in your home, it allows moisture into the structure of your building which can aid the growth of molds, peeling paints, fungus, leakages and even make your apartment extremely cold and dank.

5. Clear Drainage System/Route: This is very important; it helps prevent erosion and flooding of your property. If not attended to can cause the drainage pathway to be blocked, thus obstructing the passage of water or rain. Also, it can lead to the presence of stagnant water in your property which can be a breeding home for insects and mosquitoes. And it’s very dangerous to one’s health. It’s always advisable to clear the drainage system around your home and not be blocked with plastic bottles, nylon, leaves and others.

Once, it has been cleared, don’t leave the dirt by the roadside because once it starts raining, it pushes the dirt back to the drainage system again which can lead to flooding.

6. Fix Bad or Broken Windows and Door: This is another way to ensure your home is in perfect shape before the rainy season comes. Check out for any damage or broken windows and door. Check that their hinges are in good condition, if damaged, ensure to replace them immediately before the rainy season.

7. Fix Leaking Roof: This can be a major disaster waiting to happen, with your roof leaking, there’s no way you can be comfortable during the rainy season. How can you overcome this challenge? Simply, by checking and fixing any faulty roof or damaged roof by a professional before the season. What to check – Checked for holes, leaks and cracks, and have them fixed immediately.

In conclusion, the rainy season is a beautiful period in Nigeria and usually runs from March to October annually. If care is not taken may result in wearing off on the apartment’s interior decoration, wall dampness that may result infungus growing on your clothes in the closet. This is not only embarrassing but also risky to our health. Therefore, maximum preparation of your apartment towards the rainy season is highly encouraged.

Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate Email: or Whatsapp/Call +2348164741041

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“Lekki Free Zone will open to commercial activities in 2023”




Commercial operations at the Lekki Deep Seaport in Lagos Free Zone (LFZ) will begin in the first quarter of 2023, Governor Babajide Sanwo-Olu, on Friday, got the assurance from Tolaram Group – the frontline investor handling the project.

The Governor and members of the State’s cabinet are currently on a two-day working tour of the three free trade zones established in Ibeju Lekki area of Lagos.

The port, which is being constructed by China Habour Engineering firm, is occupying 90 hectares in the entire 830 hectares of land carved out for the Lagos Free Zone, created in 2012 to enhance economic position of Lagos as manufacturing and logistics hub in West Africa.

The first phase of the seaport project, which is being financed by $629 million facility from China Development Bank (CDB), is at 48 per cent completion.

After going through the project master plan, Sanwo-Olu said his administration remained committed to delivering project, stressing that the deep seaport and other investments happening in the corridor had the potential to increase the State’s GDP in multiple folds.

He said: “Given the report I got and what I have seen here, I can say that Lagos Free Zone has made tremendous improvement. We have seen the level of partnership Tolaram Group is bringing in terms of international investment and local brands on this corridor.

“I commend all stakeholders that are with us on this journey we have found ourselves. With the level of work we have seen, I’m truly excited. It is more gratifying that, we are taking up this assignment with all energies required and we all can see what we can achieve when we work together.

“Since we signed a loan agreement less than 18 months ago, we have demonstrated strong capability in bringing the project to reality. This is the first quarter of 2021 and we have seen the project in about 48 per cent completion. The investors have given us the commitment on first quarter of 2023 completion date. We will fulfill all our parts to make sure this date becomes reality.”

Sanwo-Olu, who noted that he had been part of the conversation for the development of the free zones as a Commissioner for Commerce and Industry in 2006, said his administration had recorded significant progress in bringing the projects to reality.

The Governor said the priority accorded to the construction of complementary infrastructure projects along the corridor was a demonstration of his Government’s fulfillment of its pledge to Lagos residents. He promised the State would work with the timeline to ensure all projects mapped out in the zones are deliver.

Sanwo-Olu said the size of the deep seaport will allow 18,000 TEU capacity vessels, which are four times bigger than the ones berthing at Apapa seaports, thereby scaling down the cost of container transportation from any part of the world.

He said: “The interesting part is that, our youths and young women will be the beneficiaries of this project. The project managers have engaged large number of our citizens in the construction parts of the work; all personnel are not expatriates. All the technical work and technology deployed have local component to it.

“For us a Government, this is the strongest point we have made with the project. I am fully convinced that the delivery of this project will transform commercial architecture of West Africa and bring about quick turnaround time in maritime sector.”

When it is completed, the deep seaport is expected to generate more than 170,000 direct and indirect job opportunities for Lagos residents, and serve as alternative in an effort to decongest the Federal Government-owned seaports in Apapa.

Chief Executive Officer of Lagos Free Zone, Mr. Dinesh Rathi, said Tolaram Group, a Singaporean coy, initiated a $2 billion investment in the Lagos Free Zone, out of which the investor committed $950 million to developing manufacturing hub in the zone.

When the deep seaport is completed, Rathi said the maritime project was expected to generate more than 170,000 direct and indirect job opportunities for Lagos residents, and would serve as alternative in an effort to decongest the Federal Government-owned seaports in Apapa.

Chairman of Lagos Free Zone Development Company, Mr. Biodun Dabiri, hailed the State Government for its commitment towards changing face of commerce in Africa, stressing that all statutory permits, licences and endorsement for the Lekki port project were already secured.

“There is strong guarantee that the port will be delivered before time, going by the inflow of capital investment and technical services,” Dabiri said.

The Governor and his entourage also visited Africa’s second largest manufacturing plant of Kellogg Tolaram, manufacturer of cornflakes, which is built in Lagos Free Zone. The Governor toured the processing unit of the firm and inspected the production chain.

Also joining the Government’s team in the tour are the Chief Executive Officer of Lekki Freeport LFZ, Mr Du Ruogang, and Head of Marketing for LFZ, Ms. Chinju Udora, among others.


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