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T H I S D AY • TUESDAY, MARCH 21, 2017
PROPERTY & ENVIRONMENT UK Trade Department Discusses Development in Imperial City, Lagos
Infrastructure
The UK Department for International Trade has indicated interest in getting British firms to develop key infrastructure such as energy, transportation and ICT in the evolving Imperial International Business City. Bennett Oghifo reports
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fficials of the UK Department for International Trade | British Deputy High Commission met, recently, with the promoters of Imperial International Business City, IIBC, to discuss how British firms can collaborate with them to provide energy, efficient transportation and ICT in the new city. The Imperial International Business City is a new work and live-in community, evolving on the shores of the Lagos Lagoon, which the promoters estimate will cost $300 million to build. The city is being developed on 200 hectares of land through a joint venture arrangement between HRM Oba Saheed Ademola Elegushi and Channeldrill Resources Ltd. The meeting was attended by the Elegushi of Ikate Land and Environ, HRM Oba Saheed Ademola Elegushi; Managing Director, ChannelDrill Limited, Femi Akioye; Project Coordinator/Investment Adviser, Imperial International Business City, Benson Evboren; Chairman, ChannelDrill Limited, Emeka Ndu; Head, Infrastructure, Department for International Trade, British High Commission in Nigeria, Kemi Williams; and Director, Department of International Trade, British High Commission in Nigeria, Ahmed Bashir. At the meeting the outgoing
UK Deputy High Commissioner promised Oba Elegushi that the UK Department for International Trade would assist the developers of IIBC to leverage on its experience and contact in making the city a reality. The department, he said would also introduce the developers of IIBC to willing investors from the UK. The Deputy High Commissioner said Lagos State was fast developing as the economic nerve centre of Africa and believes that such laudable project should be encouraged for the state to meet the needs of its growing population and its demand for world-class infrastructural development. This, he stressed also fits perfectly into the plan of the UK government to help emerging economies grow faster and fully develop their potentials. The team later visited the site of the proposed city after the meeting at the Ikate Elegushi Palace. HRM Oba Saheed Ademola Elegushi said he went into the partnership based on his experience, living in such facilities abroad, stating that it was important for Nigerians to live green. Building the city, he said was beyond quest for profitability, stating that it was about leaving a legacy. “It about doing what people think a typical Nigerian cannot achieve.” He said movement within and around the city was not going to be a problem because the
L-R: Project Coordinator/Investment Adviser, Imperial International Business City, Benson Evboren; Chairman, ChannelDrill Limited, Emeka Ndu; Head, Infrastructure, Department for International Trade, British High Commission in Nigeria, Kemi Williams; The Elegushi of Ikate Land and Environ, Oba Saheed Ademola Elegushi; Director, Department of International Trade, British High Commission in Nigeria, Ahmed Bashir, Managing Director, ChannelDrill Limited, Femi Akioye, during a visit to the Oba’s Palace… recently
Lagos State government was already opening up the area with alternative link roads. Managing Director, ChannelDrill Limited, Femi Akioye said investors would reap a
hundred per cent returns on their investment. The city, conceived as a sustainable and green 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 Spar supermarket before Jakande. Another access road to be constructed will be through Femi Okunu by Jakande roundabout in the future.
NIOB to Discuss Site Management Practices for Builders The Nigerian Institute of Building plans to discuss ‘Site Management Practices for Builders’ at its mandatory professional development workshop. According to the Chairman, Professional Development Committee, Builder Kunle Awobodu, the training with sub themes:
‘Concept of Site Management; Construction Methodology; and Project Programming would hold simultaneously in Lagos at the Nigerian Institution of Surveyors’ building, Alausa, Ikeja and at Tauba Hotels in Abuja on March 29 and 30, while it would hold in Uyo and Katsina on April 5 and 6.
He said the course outline included: Concept of Site Management; Understanding the Importance of Building Site Management; Practical Ways of Managing a Building Site; Ability to Develop a Work Breakdown Structure. For A Building Project; Preparation of a Construction
Methodology For A Building Project; Understanding The Concept And Purpose Of a Construction Programme; Importance of Work Breakdown Structure; Understanding the Steps of Preparing a Construction Programme; and Preparation of a Practical Construction Programme.
Community Leaders, NMRC, REDAN Sign MoU on Housing Finance, Research Lawmaker, Back Ambode’s The Nigerian Mortgage “A country that ignores policy formulation with a 2017. The MoU is to create Refinance Company (NMRC) significance of housing in view of having effective Opportunities in increasing Cleaner Lagos Initiative has signed a Memorandum its economy ignores the and deliverable policies. It investment flow to housing
Fadekemi Ajakaiye
The Cleaner Lagos Initiative (CLI) of the Lagos State Government has been described as a revolutionary move which would go a long way in ensuring proper waste management in accordance with international best practice. The commendation was given recently by some market and community leaders, as well as a federal lawmaker. Speaking at separate interviews, the community leaders commended the governor, Mr. Akinwunmi Ambode for coming up with the initiative, saying that it now behooves the residents of the state to embrace the initiative and support government in its quest to address the environmental challenges confronting the state frontally. Reacting to the development, a member of the House of Representatives, representing Agege Federal Constituency, Taofeek Adaranjo said there was no question at all about the good intention
of the government with the initiative, adding that it would help to checkmate the health challenges associated with filthy environment. Adaranijo, who was the Chairman of Orile-Agege Local Council Development Area (LCDA), said with the initiative, Governor Ambode has further demonstrated his genuine intention to transform the State and turn it into a mega city in the true sense of the word. “Everybody must key into this initiative because it is a good one aimed at ensuring that we have a clean environment. I want to particularly urge the market men and women, those at the Local Government, the Private Sector Participants (PSP) operators and all the people to support government to achieve the purpose of coming up with this very laudable policy. “It is better for us to key into it and ensure that we support government because at the end of the day, the policy is for our greater good,” the lawmaker said.
of Understanding with the Real Estate Development Association of Nigeria (REDAN) on research, advocacy and housing finance to bolster the sect The signing of the MoU was held recently at the just concluded REDAN building expo and intensive workshop in Abuja. Prof. Charles Inyangete, Director General, NMRC stated that the MoU was intended to allow the housing developers who were critical housing suppliers to be part of its long term funding in housing monetary value chain. Inyangete stated that the NMRC was committed to partnering with REDAN and all stakeholders to achieve deep investment in creation of robust mortgage market system. He described NMRC mortgage market system as a disruptive technology innovation which consolidated Nigeria’s fragmented housing market by integrating the housing value chain.
key sustainable economic growth development initiatives. Partnership is needed to achieve affordable housing for Nigeria,’’ he noted. Rev. Chime Ugochukwu, REDAN President noted that the two organisations agreed to work together in the area of research, advocacy, training and housing finance. Chime said that the MoU also captured the interface with the state governments and the Federal Capital Territory on land administration, approvals, titling, foreclosure and permits. “With the bridges being built, we envisage a new era of cooperation and enhanced access to opportunities and growth of real estate sector. The expert reiterated the association’s commitment to collaborate with critical stakeholders in the sector with a view of galvanizing resources to reflate the economy. “Beyond finance, critical stakeholders should always be brought on board in
will be recalled that REDAN had also signed an MoU with Shelter Afrique, a Pan African Housing Finance Institution and Federal Mortgage Bank of Nigeria (FMBN) in Feb. 18,
with a 200 million U.S dollars annual line of credit, which will certainly have positive impact on shelter provision, employment generation and inclusive economic growth.
Electronic Payplus Bags ISO Certification Electronic Payplus Limited, a foremost smart card and payment solution provider has satisfactorily completed its ISO 9001: 2015 Quality Management System Certification and has, recently, been awarded a completion certificate by the United Kingdom Certification Agency (UKAS). According to the Chief Executive Officer of the Company, Mr. Bayo Adeokun, “This Award is in continuation of our relentless pursuit of customer satisfaction. It is also our belief that the certification will create a
continual improvement culture within the organization as we engage our employees and other stakeholders in a quality process that yields better product offerings for the consumers. “Now, we are looking at our overall systems interaction through the process and riskbased approach thereby leading to better process integration,” Adeokun said. “All of these will further help us to strengthen our core values of TIIPS (Team Work, Integrity, Innovation, Professionalism and superior Service delivery).”