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T H I S D AY • TUESDAY, NOVEMBER 15, 2016
PROPERTY & ENVIRONMENT
Elegushi, Channeldrill Introduce Imperial International Business City Bennett Oghifo A city of the future, Imperial International Business City (IIBC), is evolving in the Lekki axis, courtesy of a unique collaboration between HRM, Oba Saheed Ademola Elegushi and Channeldrill Resources Ltd, who are the joint developers. Imperial International Business City (IIBC), which was presented recently, is conceived as the first self-sustaining ecofriendly smart business city that will be built in Africa, said the Managing Director/CEO Channeldrill resources Ltd., Mr. Femi Akioye. Imperial International Business City is situated in the neighbourhood of Lekki Phase I. There are three access roads to IIBC presently; Freedom road through Lekki Phase 1 (Lekki Third Roundabout); Kunsenla Road by 4th Roundabout of Lekki Epe high way; and Oba Saheed Ademola Elegushi Road by spare supermarket before Jakande. Another access road to be constructed will be through Femi Okunu by Jakande roundabout in the future. The project offers different varied sizes of plots. The minimum plot-size is 650 sqm. Other sizes include: 800sqm, 1000sqm and 1200sqm, 2000sqm, 3000sqm and 5000sqm. He said, “This vision is majorly about building the city for the future. There are two things that will define the
future of modern cities in the world, Smart and Green and there is no better place to start this campaign in Africa than Nigeria. “There is also definitely not a more qualified city in Nigeria to kick start this revolution than Lagos state which is the economic nerve center of Africa. One of the major keys to the sustenance of Lagos remaining that economic capital is the Lekki axis and within that axis, the Ancient Ikate Elegushi Kingdom seats at the center of the area that has been projected will account for over $50b Foreign Direct Investment in the next four years.” Akioye said Lagos state is the 4th largest economy in Africa with a GDP of $131B equaling the economy of 42 countries, the state has over 18million population, an unbelievable growing middle class of 4-5 million people that needs a good place to live. The state also accounts for 90% of Foreign Direct Investment (FDI) in Nigeria within the last one year. It is also one of the largest growing cosmopolitan cities in the world and Lekki is a big part of that. There is a lucky-deep scheme to enable those who desire a piece of the city to win a plot of land. It is called Imperial City Promo. “The Elegushi Royal Family and Imperial City have decided to give hard working citizens of Nigeria the chance
to dream and be part of this future even when they cannot ordinarily afford it. “Imperial City Promo is a special Corporate Social Responsibility (CSR) and awareness campaign that is happening for the first time in Africa. This is a chance for the average Lagosian and Nigerian to win a plot in a city that will become the most expensive in Africa in few years’ time for just N500. “This promo is borne out of the vision to make the IIBC an all-inclusive project where those we refer to as the average Nigerian can aspire to and obtain a piece of the future. We want those on minimum wage, the working class men and women, your
hard working social worker, the civil servant, the teacher and all other citizens who have been putting in their fair share into the commonwealth to be part of this future we talk about. “For the very affordable fee of N500, you can become a part of the future by buying a raffle ticket for our special draws which has been approved by the Lagos State Lotteries Board.” Akioye said, “In preparation for this massive investment that is coming to Ikate Elegushi domain, IIBC is determined not to only build a city for the future, but to build a city that will become a case study all over Africa. The future they say is for the visionary person that sees what people will see in 10 years today and that is
what IIBC is about. To help us actualize this dream, we have engaged the best contractors and consultants the western world can offer to make this a reality. The project Consultants and contractors are: Dredging Company- Dredging International Limited- Belgium; Marine engineer and reclamation consultants- Royal HaskoningDHV- Netherlands; Infrastructure engineering consultants – Mott MacdonaldUnited Kingdom; and Master and town Planner- Gensler associates – United Kingdom. The city will have roads with walk and bicycle way; waterways and lakes within the city; underground drainage; sewage treatment; water and water
treatment plant; independent gas fired electricity and cooking gas piped to every house; fibre optics cable; cloud enabled Communication network and smart city/house infrastructure for willing subscribers; Mini marina and water park; Mini Gulf course; Perimeter Fencing; First Smart Shopping Mall in Africa; cloud-enabled 24 hours spy-eyed security connected to a central security center; Private Data center; and world class hospital & recovery resort within a dedicated Healthcare Zone. The city will be zoned into Residential, Mixed used and commercial. Each zone will have low, medium and high density area within each zone. Each area will also have lagoon/ water view area.
Knightstone Properties to Unveil New Identity, Ambassador Knightstone Properties Limited (formerly known as Adaksa Nigeria Ltd), will officially unveil its new brand identity and Brand Ambassador in Lagos, tomorrow. The event is expected to attract leading stakeholders, entrepreneurs and investors in the nation’s property landscape. According to a statement signed by Miss Menzi Iwedi, Branding and Communications Executive, Knightstone Properties Limited, “the evolution and rebranding process from Adaksa Nigeria Limited to Knightstone Properties Limited is a culmination of the totality of experiences garnered by the company in 12years of operations in the Nigerian Market. It is also an expedient and strategic move to reposition the company’s products and services, in line with fresh challenges in the nation’s dynamic property market.” Iwedi, in the statement, explained that the company’s logo has been given a fresh appeal to reflect the creativity and dynamism in Nigeria’s property market, while the name change represents Nobility (Knight) and Bedrock (Stone). It also represents a strategic reawakening to the company’s present strengths and determination to play stronger and more dynamic roles in the market in the near future. “We are indeed proud to unveil this New Corporate Identity as part of the ongoing evolution of our company’s brand. As a business, we have grown tremendously in
12 years and we felt this kind of brighter presentation of our logo underscores our transformation process, just as our new unique products effectively state our resolve to continue to play big in the industry,” she explained. The event will feature a lecture on the theme: - Private Sector: Bridging the Housing Deficit Gap in Nigeria, to be delivered by Mr. Dele Martins, Group Managing Director, HFP Limited. Another highlight will be the unveiling of the Company’s Brand Ambassador whose face would adorn diverse promotional platforms for the company’s various product offerings. Knightstone Properties Limited, a construction and real estate company, was incorporated in 2003. It presently has built-up properties and land for sale in various estates and locations namely Ibeju Lekki (Lagos); Ajah (Lagos); Shapatti (Lagos); VGC (Lagos); Ikeja GRA (Lagos); Bwari (Abuja) and Kuje (Abuja). These include terrace apartments, 4-Bedroom/ Semi Detached Duplex, 3-Bedroom Apartments and 3-Bedroom Terrace Apartments. According to Miss Iwedi, “the company’s houses are available on very flexible payment plans structured over four years; while possession can be taken with as low as 60 percent down payment. Plans are also at an advanced stage on a Rent-To-Own scheme, where buyers will have the opportunity of moving into our properties with payment structure as rent.”
: L-R: Mr. Akin Bolarinwa; Managing Director/CEO Channeldrill resources Ltd., Mr. Olufemi Akioye; Chief Segun Elegushi; Chief Moruf Elegushi and Mr. Benson Evboren, at the launch of the Imperial City promo in Lagos... recently
Ngozi Okonjo-Iweala: Tackling Poverty and Climate Change Ngozi Okonjo-Iweala Developing nations have contributed the least to the climate change crisis through their carbon emissions, yet their often impoverished, vulnerable citizens are more likely to suffer its devastating impacts, including food insecurity, damage to marine communities, lack of access to safe water and displacement. Left unchecked, increasing global temperatures and climate change impacts will only make this untenable and unjust situation worse, and ensure a widening chasm between the rich and poor in our world. With the entry into force of the historic Paris Agreement last week, we have an unprecedented international commitment to change course, limit emissions and build a thriving net zero greenhouse gas emissions economy. To achieve the true ambition of Paris, however, we must ensure that we prioritize efforts to provide vulnerable communities with access to the sustainable energy resources they need to achieve their fundamental right to development. Because solving climate change is, at its core, about upholding the human rights of people around the world. A sustainable, resilient economy is compatible with
Ngozi Okonjo-Iweala
growth in the developing world. We must focus not just on the transition, but on how we are transitioning. If effectively managed, building low-carbon, clean-energy growth economies across the global south will create millions of new jobs, engage young people, lift communities out of poverty, reduce inequality and improve health. That’s why, of the many noteworthy components of the Paris Agreement, among the most significant was the pledge by wealthier nations to mobilize $100 billion in annual climate finance by 2020 to enable all countries and people to make the transition to a clean energy economy on the same timescale, while simultaneously preparing to adapt in order to manage already irreversible impacts. The $100 billion in annual investments is a significant
figure - and can undoubtedly help to move us closer to a just transition. But it’s not enough to protect lives and enable communities to survive and thrive without jeopardizing positive development in areas like education, infrastructure and healthcare. Achieving net zero emissions, realizing Paris’ ambitious targets, and creating a climate resilient economy requires both public and private finance at scale. Effective mobilization of private investment, in particular, can help us to reach these critical financing needs, supporting the development of sustainable infrastructure for energy projects, urban development and effective land use management. To make this transition inclusive, we must also ensure that the public sector has the resources it needs, by ensuring
all companies pay their fair share of taxes. We need more companies to do the right thing, and recognize that their future success is inextricably linked to the success of their employees, and the communities in which they do business. Tackling poverty and climate change go hand in hand. A green energy economy is a more resilient economy. New energy technologies in wind and solar, once seen as the provenance of rich countries, are gaining momentum around the world. According to a report by the United Nations Energy Programme, in collaboration with Bloomberg New Energy Finance, developing and emerging economies committed $156 billion to renewables in 2015. This is an increase of 19% from 2014 and an astonishing 17 times the 2004 investment levels. As we make economies more climate resilient and less carbon-intensive by increasing access to low-emission energy and transport; energy-efficient buildings, cities and industries, let’s be sure that we increase respect for the rights and growth aspirations of the developing world. Closing the gap between rich and poor depends on it. Dr. Ngozi Okonjo-Iweala, B Team Leader and Fmr. Coordinating Minister of the Economy and Minister of Finance, Nigeria