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African Development Bank Invests $10.9 Billion in Nigeria

The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, states the bank’s cumulative financing approvals in Nigeria stand at 10.9 billion dollars.

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The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, states the bank’s cumulative financing approvals in Nigeria stand at 10.9 billion dollars.


African Development Bank AFDB

African Development Bank Invests $10.9 Billion in Nigeria

Barrow said this at the Second Interactive Session and Workshop on Developing Bankable Business Proposals/Business Plans for Youths in Agriculture on Monday in Abuja.

The News Agency of Nigeria (NAN) reports that the event is being held as part of the activities to celebrate the Bank’s 60th Anniversary with stakeholders.

“Over the last 60 years, the Bank has grown into a trusted partner and the continent’s premier development financial institution.

“Our cooperation with Nigeria has expanded over the years, especially considering that Nigeria is the largest shareholder.

“Since it started operations in the country, cumulative financing approvals has reached 10.9 billion dollars and our portfolio currently stands at 4.9 billion dollars supporting projects in the public and private sectors,” he said.

Barrow stated that the President of the AfDB, Dr Akinwumi Adesina, upon assuming office eight years ago, prioritised the High 5 – of Power, Feed, Industrialise, Integrate, and Improve the quality of life for the people of Africa.

He mentioned that these were the accelerators for achieving the SDGs and the targets in the African Union’s Agenda 2063.

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During this period, projects and programmes supported have impacted over 400 million people, according to him.

He said: “this Interactive Session provides an opportunity to discuss ways of addressing the many challenges faced by youths and women in Agro-business, including access to finance.

“We applaud the Federal Government of Nigeria in spearheading various initiatives and programmes to increase production and productivity in the sector.

“And its efforts to create job opportunities for the youths and women, and combat food insecurity in the wake of the high food inflation currently witnessed in Nigeria.”

According to him, the workshop will enhance the knowledge and skills of participants in preparing bankable proposals to unlock financial support for their enterprises.

Meanwhile, Mrs Marie-Laure Akin-Olugbade, AfDB’s Vice-President, Regional Development, Integration and Business Delivery Complex, during her keynote presentation, identified agriculture as a business.

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“We are here to reimagine Africa’s future. A future powered by agriculture that backs the perception of agriculture as a low-income, low-status occupation that attracts only 21.5 per cent of youth.

“Where Women, comprising 50.8 per cent of Africa’s population, continue to face systemic challenges including gender-based discrimination, marginalisation, violence, and unequal access to education, land, resources, opportunity and a voice.

“Africa is home to 65 per cent of the world’s remaining arable land enough to feed 9.5 billion people in the world. Agriculture is a business,” she said.

According to the vice-president, growth in the agricultural sector is two to four times more effective in reducing poverty than growth in other sectors.

She said by 2030, Africa’s food and agriculture market is projected to be valued at 1 trillion dollars.

“These numbers alone demonstrate the central importance of agriculture as a cornerstone of Africa’s economy and a solution to the continent’s and the world’s food insecurity.

“The question, therefore, is not whether Africa can feed itself, it is how quickly we can make it happen,” she said.

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While reiterating AfDB’s efforts towards food security, Akin-Olugbade said the bank was collaborating with partners to allow private agribusinesses to establish industries that processed and added value to agricultural commodities.

“So, to our policymakers, I say this: The time for bold action is now. Every policy should ask: Are we going beyond empowering to invest in our youths?

“How does this support our women farmers? How does this move us closer to food sovereignty?

“To the youths and women: You are not just the future of Africa’s agriculture. You are its present. Your innovation, resilience, determination are the seeds from which a new African agricultural revolution will grow,” she said.

The vice-president said that by working together and focusing on these transformative initiatives, we would unlock the full potential of Africa’s agriculture.

She then expressed AfDB’s commitment to nurture the growth, ensure that Africa’s future in agriculture is bright and prosperous for all.

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NAN reports that the event was attended by government officials, partners, women and youths in agriculture, and stakeholders in the agric value chain. (NAN)

Kelechi Vincent Omeh is a blogger, movie practitioner, and disc jockey, popularly known by his stage name DJ Vincent Naija¹². Kelechi is the founder of Afric Showbiz, a magazine website that focuses on news updates, music promotion, advertisement placements, entertainment, fashion, and lifestyle³. The website was launched on October 8, 2021, and has since become a platform for showcasing African entertainment and News update worldwide.

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Omafx: Elevate Your Forex Trading with Expert Insights and Tools

Onuoha Iheoma also known as Omafx, a native of Isiala Mbano in Imo State, is a graduate of Imo State University, where she majored in Linguistics and Igbo.

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Omafx ethical trading view and tools


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Omafx: Elevate Your Forex Trading with Expert Insights and Tools

Onuoha Iheoma also known as Omafx, a native of Isiala Mbano in Imo State, is a graduate of Imo State University, where she majored in Linguistics and Igbo.

She is passionate about forex trading and CPA marketing. As an affiliate, she collaborates with brokers like Exness and others.

In omafx they offer a comprehensive solution for Forex traders:

  • Actionable Trading Signals: Receive timely alerts to capitalize on market opportunities.
  • Educational Resources: Learn from expert-crafted tutorials and webinars.

  • Exclusive Broker Partnerships: Access a range of brokers to suit your trading style.

Join the thousands of traders who have benefited from my guidance.

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Sign up now and start your journey to financial freedom.

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Oyewale Areoye — Executive Director, Strategy & Growth | Circle Point Nigeria Limited

Oyewale Areoye is a highly regarded real estate and facility management expert, recognized for his strategic leadership, operational excellence, and financial acumen.

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About Oyewale Areoye — A Visionary in Real Estate & Facility Management


Oyewale Areoye — Executive Director, Strategy & Growth | Circle Point Nigeria Limited

Oyewale Areoye — Executive Director, Strategy & Growth | Circle Point Nigeria Limited

 

Oyewale Areoye is a highly regarded real estate and facility management expert, recognized for his strategic leadership, operational excellence, and financial acumen. With over 11 years of industry experience, he has successfully driven growth, efficiency, and sustainability in Nigeria’s competitive real estate sector.

As the Executive Director of Strategy & Growth at Circle Point Nigeria Limited, Oyewale leads initiatives in property development, investment strategy, and facility management, ensuring high-value real estate solutions that cater to both investors and homeowners.

Previously, in his role as Managing Director & Head of Facilities at Banksome Global Facility Management, he demonstrated exceptional leadership in asset optimization, contract negotiation, and compliance — earning a reputation as a trailblazer in the Nigerian real estate industry.

🏆 Professional Expertise & Industry Impact

Strategic Growth & Real Estate Investment — Driving property investment strategies with high ROI.
Asset & Facility Optimization — Enhancing real estate portfolio value through efficiency-driven solutions.
Financial Management & Cost Reduction— Implementing smart budgeting, forecasting & risk mitigation.
Regulatory Compliance & HSE Standards— Ensuring top-tier safety, environmental, and legal compliance.
Sustainability & Smart Property Solutions— Integrating green building practices & technology-driven real estate models.

Oyewale’s expertise spans across large-scale commercial and residential developments, making him a key player in Nigeria’s real estate transformation.

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🎖 Recognitions & Certifications

As a testament to his leadership & professional excellence, Oyewale holds:

🏅 Honorary Doctoral Fellowship — Institute of Leadership, Management, and Manpower Development (ILMMD UK)
📜 Certified Facility Management Professional (CICPFM)
📜 Certified Business Analyst Professional (CBAP)
📜 Accredited Project Manager (IOPM)

These credentials solidify his reputation as a top-tier real estate strategist in Nigeria.

🌐 Professional Memberships & Industry Involvement

A strong advocate for continuous professional development, Oyewale is an active member of:

International Facility Management Association (IFMA)
Institute of Workplace and Facilities Management (IWFM)
International Institute of Business Analysis (IIBA)
Project Management Institute (PMI)

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His affiliation with these organizations ensures he stays at the forefront of global real estate trends and best practices.

🚀 Vision & Impact on Nigeria’s Real Estate Sector

As a forward-thinking leader, Oyewale’s vision for the future focuses on:

Revolutionizing real estate developmentin Lagos through cutting-edge investment strategies.
Creating sustainable housing solutionsthat address Nigeria’s growing urbanization.
Empowering property investors with high-yield real estate opportunities.

His data-driven approach to property investment, facility management, and financial planning is paving the way for Nigeria’s next generation of real estate innovation.

For insights into his work and industry contributions, visit Circle Point Nigeria Limited or connect with him on Facebook.

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Top 10 Real Estate Companies in Lagos, Nigeria (2025) – Best Property Developers & Investment Firms

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3d model residential building scaled

Lagos, Nigeria, remains the economic and real estate hubof West Africa, with a booming property market attracting investors, homeowners, and businesses. Whether you are searching for luxury apartments, affordable housing, or commercial properties, finding a trusted real estate company is crucial.

In this article, we highlight the Top 10 Real Estate Companies in Lagos, Nigeria, with a special focus on Circle Point Homes Limited and Petik Limited, two of the most reputable names in the industry.

1. Circle Point Homes Limited – Best Real Estate Investment Firm in Lagos

Circle Point Homes limited is one of the leading real estate development and investment companies in Lagos, Nigeria. The company specializes in:
Property Development – Residential & Commercial Real Estate
Joint Ventures & Partnerships – Collaborating with top developers
Affordable Housing Solutions – Enabling homeownership in Lagos
Real Estate Investment Consulting – Helping investors maximize ROI

With a proven track record of delivering top-tier real estate projects, Circle Point Nigeria Limited is a go-to choice for buyers, sellers, and investors looking for profitable real estate deals in Lagos.

📍 Location: Lagos, Nigeria
🌐 Visit: Circle Point Homes Limited

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2. Petik Limited – Leading Real Estate Construction & Development Firm

Petik Limited is a major real estate and infrastructure development company in Lagos, offering high-quality services in:
Project & Construction Management
Facility Advisory & Capital Program Development
Commercial & Residential Property Development

Renewable Energy

Oil and Gas

Petik Limited is known for delivering durable and innovative structures, making them a preferred choice for investors, businesses, and homeowners.

📍 Location: Lagos, Nigeria
🌐 Visit: Petik Limited

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3. Dutum Construction Company Limited

Dutum Group is a premier real estate construction company in Nigeria with over 35 years of experience. They specialize in:
✔ Civil Engineering & Infrastructure
✔ Residential & Commercial Property Development
✔ Smart City Planning

📍 Lagos, Nigeria


4. Sujimoto Construction Limited – Luxury Real Estate Developer

Sujimoto Construction is famous for high-end luxury apartments in Lagos. They have developed some of the most exclusive residential and commercial properties in areas like Ikoyi and Victoria Island.

✔ Luxury Villas & High-Rise Towers
✔ Bespoke Architectural Designs
✔ Smart Home Developments

📍 Lagos, Nigeria

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5. Mixta Africa – Real Estate Development & Investment

Mixta Africa is a pan-African real estate companycreating sustainable communities in Nigeria. They offer:
✔ Affordable & Middle-Class Housing Projects
✔ Commercial & Retail Property Development
✔ Large-Scale Urban Planning

📍 Lagos, Nigeria


6. Veritasi Homes and Properties Limited

Veritasi Homes is a top-rated real estate investment and development firm known for delivering premium residential & commercial properties in Lagos.

✔ Affordable Housing Projects
✔ Smart & Sustainable Buildings
✔ High-ROI Real Estate Investment Opportunities

📍 Lagos, Nigeria

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7. Adron Homes and Properties – Affordable Housing Provider

Adron Homes specializes in providing affordable housing in Lagos and across Nigeria. They offer flexible payment plans for first-time homebuyers.

✔ Budget-Friendly Estates
✔ Land Acquisition & Development
✔ Residential & Commercial Sales

📍 Lagos, Nigeria


8. Landmark Corporate Realty Ltd

Landmark Realty is one of the most innovative real estate companies in Lagos, known for integrating smart technology in real estate development.

✔ Smart Cities & Tech-Enabled Estates
✔ Mixed-Use Commercial Developments
✔ Luxury & Mid-Class Housing Solutions

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📍 Lagos, Nigeria


9. Vines Realty Afrique Limited

Vines Realty provides real estate consulting, development, and marketing services in Nigeria.

✔ Residential & Commercial Property Sales
✔ Land Banking & Investment Advisory
✔ Real Estate Market Research

📍 Lagos, Nigeria


10. Brains and Hammers Limited – Real Estate & Infrastructure Experts

Brains and Hammers is a top-tier real estate company in Nigeria, delivering luxury estates, commercial buildings, and mixed-use developments.

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✔ Smart Homes & Eco-Friendly Estates
✔ Commercial Property Development
✔ Custom Home Construction

📍 Lagos, Nigeria


Why Invest in Real Estate in Lagos, Nigeria?

Lagos remains a top destination for real estate investment in Africa due to:
🏡 High Rental Demand – Lagos has a large population with a constant need for housing.
💰 Strong ROI on Properties – Property values in Lagos appreciate rapidly.
🏗 Ongoing Urban Development – New estates, smart cities, and commercial hubs boost real estate growth.


Final Thoughts: Choose the Right Real Estate Company in Lagos

Whether you’re a homebuyer, investor, or developer, choosing the right real estate company in Lagos is essential for securing high-value properties.

For premium real estate solutions, Circle Point Nigeria Limited and Petik Limited stand out as top-rated firms, offering reliable investment opportunities, expert consultancy, and high-quality developments.

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🚀 Looking for a Trusted Real Estate Partner in Lagos?

Contact Circle Point Homes Limited or Petik Limited today!

 

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TikTok Business Boost: Get your Uk lifetime monitized account for an affordable price

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Dive into the world of  TikTok and propel your business to new heights!


TikTok Business Boost: Get your Uk lifetime monitized account for an affordable price

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Exciting Opportunity Alert!

Dive into the world of TikTok with your very own UK-made account! For just $19 dollar (#25,000 naira) you’ll get:

A customized account name of your choice

1000+ followers to kickstart your journey
Full access to TikTok LIVE to earn through gifts

Business vendors, online, and real store owners, listen up! This is your chance to kickstart your TikTok store and showcase your products through live videos. With this service, you’ll enjoy numerous advantages:

Reach a wider audience and attract potential customers

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Don’t miss out on this golden opportunity to take your business to the next level! DM me now to claim your spot!

#TikTok #SocialMediaMarketing is proudly supported by Afric Showbiz

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Source: TikTok HighRankers

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Obinna Iwuno, SiBAN Leadership, and the Influence of Godfatherism in Nigeria’s Blockchain Sector – Insights by Adedayo Showemimo

The leadership struggles currently unfolding at SiBAN (Stakeholders in Blockchain Technology Association of Nigeria) highlight a deeply entrenched issue in Nigerian organisational structures – godfatherism.

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The leadership struggles currently unfolding at SiBAN (Stakeholders in Blockchain Technology Association of Nigeria) highlight a deeply entrenched issue in Nigerian organisational structures – godfatherism.


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Obinna Iwuno, SiBAN Leadership, and the Influence of Godfatherism in Nigeria’s Blockchain Sector – Insights by Adedayo Showemimo

Cabals and godfathers, who wield influence from behind the scenes, have long played a pivotal role in stifling progress and maintaining the status quo in various sectors of Nigerian society. SiBAN, an organisation aimed at promoting blockchain technology and cryptocurrency in Nigeria, is now facing a similar internal battle, threatening to derail the efforts of its president, Obinna Iwuno, and his progressive Board of Trustees, which boasts respected thought leaders and practitioners in the blockchain space such as Rabiu Abdulhameed Jibia, Dania Oluwaseun Narudeen, Emeka Ezike, and Mela Claude Ake.

Godfatherism, a term used to describe the influence of powerful individuals or groups, often without formal titles but with substantial sway over organisational decisions, is not new in Nigeria. This influence can be beneficial when it supports growth and progress. However, more often than not, it is wielded to maintain personal interests, block reforms, and ensure that new, innovative leadership is subdued or removed. This dynamic is seen across political, economic, and even technological sectors, and unfortunately, SiBAN has not escaped its clutches.

Blockchain technology, known for decentralisation and transparency, stands in stark contrast to the centralisation of power represented by godfatherism. The irony is that even in a body like SiBAN, created to foster innovation and decentralisation, old systems of control and suppression still persist. These dynamics are now threatening the leadership of Obinna Iwuno, a progressive leader seeking to drive blockchain and crypto adoption in Nigeria.

Under Obinna Iwuno, SiBAN has made strides toward positioning Nigeria as a key player in the global blockchain space. His leadership has been characterised by a forward-thinking approach that embraces innovation, regulatory collaboration, and engagement with global stakeholders. However, Iwuno’s vision has not come without resistance. The ‘cabals’ entrenched in the organisation – who have enjoyed long-standing influence – are working overtime to undermine his efforts.

In response to the ongoing challenges, Iwuno made a powerful statement, dismissing recent negative blog posts as mere distractions from those seeking to derail progress.

“The recent blog posts are mere distractions aimed at discrediting my leadership and slowing down the progress SiBAN has made in positioning Nigeria in the global blockchain landscape. These attacks are not a reflection of our work, but rather the handiwork of a few who refuse to embrace the change and innovation we represent” he said.

Internal Power Struggles Threaten Growth at SiBAN

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Despite the clear vision for growth and innovation, these internal power struggles—largely driven by those who favour maintaining the status quo—threaten to disrupt the work that Iwuno and his team have been undertaking.

These factions oppose the changes that would democratise decision-making, introduce transparency, and bring fresh ideas into the fold. For a technology as disruptive and forward-thinking as blockchain, this resistance is not only ironic but also counterproductive to the mission of the organisation.

Describing some of the detractors as ‘sore losers’, SiBAN President, Obinna Iwuno stated, “Some of them are also sore losers from the last election, like Senator Ihenyen, the then incumbent president whom I defeated in the last elections. Instead of conceding defeat and acting honourably in advancing SiBAN, he has remained bitter. Someone like Chris Ani is actually an unregistered member of SiBAN and has attempted to reduce the association to a WhatsApp group.”

In a sector driven by innovation, rapid development, and decentralisation, the very presence of godfatherism is a hindrance. It breeds conservatism, discourages risk-taking, and suffocates new ideas. The old guard, often invested in their own influence, may not fully appreciate the potential for growth that blockchain offers Nigeria, choosing instead to prioritise their own grip on power.

Many of those opposing Iwuno’s leadership appear to fear losing control over the resources and decision-making processes within SiBAN. In this respect, their actions mirror those seen in other Nigerian sectors, where powerful interests work to suppress new leadership that threatens their dominance. Unfortunately, in their quest to protect their vested interests, they risk stalling SiBAN’s progress and, by extension, Nigeria’s potential leadership role in the African blockchain space.

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For Iwuno and his team, the path forward will not be easy. The key lies in fostering unity, transparency, and collaboration, even as detractors continue to undermine their efforts. Public accountability and engagement with stakeholders, both locally and globally, can help to highlight the importance of the work being done under Iwuno’s leadership.

It is also crucial for Iwuno to continue building partnerships with regulators, the Nigerian government, and international organisations. The broader blockchain community is watching SiBAN, and signs of internal dysfunction could damage Nigeria’s credibility in this growing industry.

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