Pwan Group, 2ND Floor Titi's place Building km 36, Lekki-Epe Expressway, near Royal Park Hotel and Suite, Eputu, Ibeju Lekki., Lagos (2026)

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02/09/2021

Dangote Refinery Complex in Nigeria Set to Cost $19 Billion

🎤Estimated price tag has more than doubled in eight years
Dangote Refinery Complex in Nigeria Set to Cost $19 Billion
🎤National petroleum company is buying 20% stake in the project

A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected.

“Our capex will almost go to $19 billion by the time we finish,” Devakumar Edwin, group executive director of Dangote Industries Ltd., said in an interview broadcast on Arise News on Aug. 31. The facility near Lagos, Nigeria’s commercial hub, was expected to cost $9 billion eight years ago, a price tag that had climbed to $15 billion by 2019.

The 650,000 barrel-a-day refinery is part of a vast petrochemical project that will also house the world’s biggest ammonia plant. Once operational, the facility is intended to curb, or even end, the nation’s dependence on fuel imports -- a source of embarrassment for the government of Africa’s largest crude oil refinery.

The refinery will be able to supply all the gasoline, diesel and aviation fuel used in the West African country, and a third of its output will still be available for export, Dangote told the Lagos-based television station. Originally set for completion in 2016, the project is now expected to be commissioned next year.

State-owned Nigerian National Petroleum Corp., which is in the process of buying a 20% stake in the complex for $2.7 billion, will pay a third of the purchase price in cash, Dangote said. Another third will be covered by supplying crude to the refinery, and the remainder “will be paid from the profit they are going to make from the business,” he said.

The NNPC said in June that the African Export-Import Bank is raising up to $1 billion to help it finance the aquisition of the 20% share of the refinery.

We at Pwan group, we encourage everyone to key into what is going on around the Ajah, Epe, Ibeju Lekki Axis to reap from the benefits as the refinery will be commissioned next year to begin production. Let us help you secure lands for both residential and commercial estates. Chat or call me so that we can show you how to invest.

Victor Eki.
best Realtor and Real estate investment agent.
🏠🏡🏘️🏚️⛪💒🏰🏫🏣🏖️⛱️🏝️🏜️🏯🏦🏯🏛️🏘️🏣🏘️⛱️🏝️🏦🏯🏛️🏠🏡

15/06/2021

*Where to buy cheap land in Lagos*

Owning a home is the dream of many Nigerians particularly urban dwellers. However, according to the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Nigeria has a 17 million housing deficit and the government alone cannot meet this demand. The efforts of several private players in the real estate industry to draw down this figure particularly in urban areas, cannot be overlooked.
In Lagos, several real estate firms offering both landed properties and built-up homes are jostling for the attention of middle to upper-class earners, with packages that enhance affordability for clients. Among these property firms are PROPERTY WORLD AFRICA NETWORK (PWAN) group, RevolutionPlus; and others.

The properties offered by these firms are spread out across the different parts of Lagos. Some of them will be explored in this article.

*Lekki, Ajah axis*
A prospective client looking to buy land in the Ajah axis of Lagos state can target fast-growing areas such as Ibeju Lekki, Lakowe, Abijo, Awoyaya, Sangotedo, Ajah, Lekki Phase 2, Ikota and other suburbs within the Lekki Peninsula.

At Max ville Estate, Odeomi, Ibeju-Lekki, the cost of land (600 sqm) goes for N900,000, and payment can be spread for a maximum of 12 months.Also at Okegun, along Lekki Epe Express Road, After Eleko Junction, a plot of land goes for between N4.5 million and N6 million, and they come with Approved Excision.

*Ikorodu*

Land in Ikorodu is also relatively cheap, particularly in Ogijo, Imota, Ijede, Igbogbo, Imowonla, Igberigbe, Igbolomu and Isawo areas.

For instance, in Morekete, Igbogbo, a plot of land now sells for between N3.5 million and N4.5 million, while a plot costs N3.5 million in Gberigbe. At Bayeku, a plot sells for N1.5 million.
There are good prospects for a rapid appreciation of properties located in these areas as well. Aside from the high demand for land in Lagos state, there is an ongoing road expansion project being carried out by the Lagos State Government in that axis, which is expected to be completed by August 2022. This access road is sure to increase the value of properties in the area once completed.
Isheri North (close to Channels TV)
The price of land in this area falls between N3.5 million and N5 million, depending on the proximity to the main Isheri North road. Also, 600 square metres of land at Diamond Estate, within OPIC Estate and close to Channels Television, goes for N4 million.
*Epe*
There are vast opportunities for real estate development in Epe and land in the area is still quite cheap. Some lands are still sold for as low as N1 million and as high as N4 million depending on the area. For instance, 600 sqm of land in Max Assets Estate Epe is sold for N2.5 million. *Bottomline*

Before purchasing any property, particularly those in the Lagos Island axis, it is important that you conduct a thorough investigation to ascertain the lawful owner(s) of the property and ensure that the property is not under government acquisition. The title documents for the property should also be vetted (preferably by your lawyer) for originality.

Finally, you are better off buying a property that is not in any form of legal or family dispute to avoid inheriting problems that could cost you an unbudgeted extra sum of money to solve.

This is the more reason you should buy from a genuine real estate company who has done all the verification of the properties.
Thank you,
Victor Eki
Your Best Realtor

26/05/2021

*Did you miss Legend Gardens scheme 1?*

*Relax!!!* Scheme II got you covered with an amazing discount promo price. Be among the lucky smart investor to grab this offer.

*Good title* ✔
*Location*✔
*Notable proximity*✔
*Promo price*✔

Legend Garden estate is located at Bogije ibeju- Lekki Lagos. Just adjacent to scheme 1.

*Promo price:* 7.5M
*Actual price:* 9M

*Title:* Government Excision & Registered Survey

*Landmarks:*

- Coscharis Automobile head office
- Lakowe Golf & Resort
- Omu Resort
- Eleko Roundabout

*Estate Facilities:*

- Recreational Area
-Security
- perimeter fence
- Good drainage
- Electricity
- Internal road network

*For site inspection booking/ Enquiries please call 09030014422*

*Powered by Pwan Legend*

02/05/2021

*A quick check on your real estate needs....*

♦️Is your current apartment too small??

A sign that you need a bigger one.

♦️Is your environment or neighbourhood crowdly inhabited???

A sign that you need a less crowded environment.

♦️Do you have noisy neighbors???

A sign that you need a serene environment.

♦️Is your peace of mind threatened??

You need to secure that.

♦️Your rental fee on a yearly increase??

You need to start building your own house..👏🏼👏🏼👏🏼👏🏼👏🏼

Land + blocks+ cement+ sand + roof= House..

It is time to enjoy 100% security, 100% ROI, 100% serenity and 100% peace of mind.

*Call or chat me let me show you the way to go about it all.*

*Invest in Prime locations in Asaba, Warri, Bayelsa, PH, Uyo, Calabar, Abakiliki, Umuahia, Owerri, Okigwe, Enugu, Awka, Onitsha, Ibadan,Oshogbo, Ogun, Lagos and Abuja where Kings and Queens dominate.*

Address

2ND Floor Titi's Place Building Km 36, Lekki-Epe Expressway, Near Royal Park Hotel And Suite, Eputu, Ibeju Lekki.
Lagos
23401

Telephone

+2349030014422

Website

http://www.pwangroup.com/

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