Preparing Today For Tomorrows World

PREPARING TODAY FOR TOMORROW’S WORLD

FROM THE CEO

We are at the beginning of a revolution that is fundamentally changing the way we live, work and relate to one another, The Fourth Industrial Revolution.

Prior to the nineteenth century, systematic investment in human capital was not considered especially important in any country. Expenditures on schooling, on-the-job training, and other similar forms of investment were quite small. This began to change radically during this century, as education, skills, and the acquisition of knowledge have become crucial determinants of a person’s and a nation’s productivity.

The industrial age taught us how to educate second-class robots, people who learn in standardized settings and become good at repeating what we tell them. In this age of accelerations, we need to think harder about what makes us first class humans, how we complement, not substitute, the artificial intelligence we have created in our computers, and how we build a culture that facilitates learning, unlearning and re-learning throughout life. The new generation of citizens require not just strong academic skills, but also curiosity, imagination, empathy, entrepreneurship and resilience.

Never before has effective career guidance been so important and never before has there been a greater onus on industries, especially the private sector, to step up and replicate positive benefits linked to first-hand exposure to the working world through programs of career development activities, providing the necessary platforms to help young children reflect on who they are, and to think critically about the relationships between their educational choices and future economic life.

We owe it to our children to ensure that they go through education blind, neither to the opportunities offered by the working world nor to its potential pitfalls. We owe it to our children to ensure that effective education systems will go beyond traditional teaching techniques that will provide learners with knowledge relevant to career development.

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

WITH EMPHASIS ON OUR PERSPECTIVE

Whether in a building or in an individual, the importance of a solid foundation cannot be over emphasized, as this lays the basis and sets the tone for the future. Studies have shown that aspirations are important, but also emphasized how the “early years of a child’s life are a key time in their formation and development” (Gutman & Akerman 2008). Introducing children to the world of work and learning about future jobs and careers in primary education is a resource which needs to be harnessed in the development of knowledge and skills and applied as a mechanism to influence the aspirations of children.

Across the world, young people who leave education today are, on average, more highly qualified than any preceding generation in history. They often enter the working world with considerably more years of schooling than their parents or grandparents. This is an enormous achievement of which the global education community can be truly proud. And yet, in spite of completing an unprecedented number of years of formal education, young people continue to struggle in the job market, and governments continue to worry about the mismatch between what societies and economies demand and education systems supply.

It is to this end that we must strive to:

Rethink the Education Model

The coexistence of unemployed university graduates and employers who say they cannot find people with the skills they need, shows that more education does not automatically mean better jobs and better lives. For many young people, academic success alone has proven an insufficient means of ensuring a smooth transition into the world of work.

Every day, teenagers make important decisions that are relevant to their future. The time and energy they dedicate to learning and the fields of study where they place their greatest efforts profoundly shape the opportunities they will have throughout their lives. A key source of motivation for students to study hard is to realize their dreams for work and life. Those dreams and aspirations, in turn, do not just depend on talents, but they can be hugely influenced by their personal background, families, as well as by the depth and breadth of their knowledge about the world of work.

 

In Nigeria today, it is easy to see why children choose occupations that they are more exposed to or occupations that society deems prestigious and offers financial success such as Engineering, Medicine and Law. Today’s young people must make more decisions about what, where and how hard they will study, and good schools and industries will respond by empowering them to become critical thinkers.

Make a Difference

The idea of empowering the whole person for the whole world is gaining momentum rapidly. But it requires complex change on a massive scale. It requires transforming existing education systems into new “learning ecosystems”—dynamic networks of educators and others who influence the experience of young people, working together to ensure that every child develops the knowledge, skills, and inclinations that are prerequisites to creating a better world.

Transforming education systems must begin with us. We cannot create learning ecosystems if we are not modeling them ourselves. That is why our (Bilaad Realty’s) “For kids” approach to change involves organizing communities of Industry Leaders into self-led teams that, like the learning ecosystems we want to create, plan systemically, communicate, learn, and expose children to the unspoken career choices that exists, distributing leadership of system change widely.

 

OUTLOOK OF POST-COVID-19 NIGERIAN REAL ESTATE SECTOR

OUTLOOK OF POST-COVID-19 NIGERIAN REAL ESTATE SECTOR

COVID-19 sent shockwaves throughout the global economy in 2020. Governments across the world responded with different policies to limit the human and economic impact of the pandemic. One year after the World Health Organisation (WHO) declared COVID-19 a pandemic, nearly three million people had died from the disease globally, with more than 127 million cases recorded as of the end of March 2021.

Powering Innovation Through Sustainability

Powering Innovation Through Sustainability

FROM THE CEO

There is no alternative to sustainable development. We live in a time of technological advancement that is unprecedented in its pace, scope and depth of impact. Harnessing that change is the most secure path for the international community to deliver on the 2030 agenda for people, peace and prosperity. Frontier technologies hold the promise to revive productivity and make plentiful resources available to end poverty for good, enable more sustainable patterns of growth and mitigate or even reverse decades of environmental degradation. But technological change and innovation need to be directed towards inclusive and sustainable outcomes through purposeful efforts by governments, in collaboration with civil society, business and academia.

To develop innovations that yield sustainable results, leaders must question the implicit assumptions behind current practices. This is exactly what led to today’s industrial and services economy. Someone once asked: Can we create a carriage that moves without horses pulling it? Can we fly like birds? Can we dive like whales? By questioning the status quo, people and companies have changed it. In like vein, we must ask tough questions: Can we develop waterless detergents? Can we breed rice that grows without water? Can biodegradable packaging help seed the earth with plants and trees? Can I fold my house and move it to a new location? Or change the internal structure of my home without breaking any walls?

Indeed, the quest for sustainability is already starting to transform the competitive landscape, which will force companies to change the way they think about products, technologies, processes, and business models. The key to progress, particularly in times of economic crisis, is innovation. Just as some internet companies survived the bust in 2000 to challenge incumbents, so, too, will sustainable corporations emerge from today’s recession to defy the status quo. By treating sustainability as a goal today, early movers will develop competencies that rivals will be hard-pressed to match. That competitive advantage will offer superior corporate positioning, because sustainability will always be an integral part of development.

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

WITH EMPHASIS ON OUR PERSPECTIVE

The 2030 Agenda for Sustainable Development sets ambitious global goals, demanding unprecedented actions and efforts across multiple interconnected social, economic and environmental issues. Science, Technology and Innovation (STI) must play a central role in the achievement of these goals. The process of creative destruction initiated by technological progress can help to transform economies and improve living standards, by increasing productivity, and reducing production costs and prices.

 

Sustainability assumes greater relevance in the context of innovation. While it is valid to discuss sustainability as an important driver in value creation, differentiation of products and services will ultimately play a greater role in shaping a company’s prospects in the market. Increasingly, that differentiation is the product of sustainability-driven innovation.

Efforts to drive innovation can either be sustaining, providing an incremental advantage within the current competitive landscape, or they can be disruptive. Both types of innovation are important because they add value to a company, but disruptive innovation opens up new roads that organizations may not have considered. Either type may be driven by sustainability concerns.

Because innovation in business is generally intended to confer an advantage, it can be useful to view innovation in terms of those advantages—foremost among which are cost leadership, quality/performance and speed to market.

Some examples:

-Cost leadership: Calling cards are an example of a sustaining innovation that increased the convenience associated with making long distance or international calls. However, Internet telephony is a disruptive innovation that is redefining the cost equation for the entire telecommunications industry.

-Quality/performance: Compact fluorescent light bulbs (CFLs) are an incremental innovation that use less energy than traditional light bulbs. But new light emitting diode (LED) bulbs are a more significant sustaining innovation. They are even more energy efficient than CFLs, deliver higher-quality illumination, last much longer, are cooler to the touch and contain no mercury.

-Speed to market: DVD-by-mail was disruptive, increasing competitive pressures on local video stores through the creation of a new channel (or, perhaps more accurately, repurposing a channel that dates back to the 1840s). Now on-demand streaming video is giving DVD-by-mail a taste of its own medicine, being disruptive both to DVD-by-mail and the video store models.

Sustainability-driven innovation goes beyond designing green products and packaging solely on their inherent virtue. It entails improving business operations and processes to become more efficient, with a goal of dramatically reducing costs and waste. It’s also about insulating a business from the risk of resource price shocks and shortages. When considered together, these enhancements can deliver business benefits that go beyond the bottom line—whether it’s improving overall carbon footprint, enhancing brand image or engaging employees in a more profound way.

 

In a constantly evolving world, even a traditional sector such as real estate changes and innovates. In our view, the future of real estate is directly linked with innovation. The startups of today are the potential industry leaders of tomorrow. Traditional approaches to business will collapse, and companies will have to develop innovative solutions. That will happen only when executives recognize a simple truth: Sustainability = Innovation.

Agenda for sustainability in Nigerian real estate sector

AGENDA FOR SUSTAINABILITY IN NIGERIAN REAL ESTATE SECTOR

The global real estate industry contributes significantly to the gross domestic product (GDP) of many developing and developed nations. However, residential, commercial and industrial buildings are responsible for 20 per cent of carbon dioxide (CO2) emissions. These buildings are sources of CO2 and other greenhouse gases (GHGs) emissions, due to the huge amount of natural resources they consume and waste they generate. Real estate consumes over 40 per cent of global energy annually; 30 per cent of raw materials and 12 per cent of drinking water. The industry accounts for 25-40 per cent of solid waste.

Building SustainABLE Communities

Building SustainABLE Communities

FROM THE CEO

The demand for value-led, people-oriented, and sustainable development is arguably the most significant shift across property, architecture and design. The world around our homes is changing rapidly. The role of the cities and our place within them are being rethought. More than ever, we are becoming more aware of the significance of creating a healthy and nurturing environment for us to withdraw and recuperate.

Cities are the focal points and drivers of societal development in all countries. They are responsible for many significant environmental challenges, considering they are the largest consumers of natural resources and, among the largest sources of pollution and greenhouse gas emissions on the planet. Thus, there is a need for a notable shift in designing our cities to overcome all of these problems. Starting with the communities, we design and the connections we build.

It is no coincidence that as our cities get ever bigger, people long for more meaningful connections with those around them. People want more thana place to live – they want to belong. Much-lauded projects such as The Commons (Brunswick and now Hobart) and Nightingale align affordability and sustainability, and in doing so naturally, attract a community of like-minded people.

A sustainable community is far more than an eco-friendly one. It is one where everyone can thrive and flourish – they are vibrant, inclusive and support our individual and collective sense of wellbeing. It is about people, places and the relationships between them.  Since our inception, the question of how best to design a sustainable community is one that we have continuously explored to ensure a sustainable lifestyle for all.

 

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

WITH EMPHASIS ON OUR PERSPECTIVE

Technology has seeped into virtually every aspect of the human experience, and the sharing economy is just one manifestation of its impact. Tech startups like Uber and Airbnb represent the vanguard, reshaping the way we spend our vacation or simply travel across town.

In recent years, the concept of utilising shared resources has gained traction in the housing market. Targeting cities where demand for rental properties have prompted a spike in prices, communal living has emerged as a cost-effective alternative. The rise of communal living is an attempt to fill a gap in the residential marketplace. However, the issue for real estate developers is whether it is a trend that is both sustainable and powerful enough to transcend beyond a small market niche.

The word ‘community’ resonates throughout our lives. Community embraces a quality of life that seems universally valued. Whilst many of us may disagree on its definition, we all have a sense of when it is absent or present. In recent decades there has been a growing sense that much of the development – emerging urban sprawl – on the fringes of Australian cities does not adequately support or encourage the development of community.

This mounting concern for community, combined with the rise of sustainability – environmental, economic and social – as a core component in urban development, has led to the emergence of an increasing number of master-planned communities that seek to offer residents’ sustainable’ communities, ‘vibrant’ communities, ‘liveable’ communities and so on. Whilst some of these offers are little more than enticing marketing campaigns, others are based on genuine attempts to encourage the growth and emergence of ‘sustainable’ communities.

Bilaad Realty’s approach to sustainability

In their attempts to create ‘sustainable’ communities, developers have focused their attention on how appropriate housing, public spaces and community facilities within the physical design can provide a basic platform that gives residents the best opportunities to build community. They have also broadened their focus beyond the physical environment to develop networks, relationships, capacities and possibilities for social interaction.

Social wellbeing arises from a sense of security, belonging, familiarity, support, neighbourliness, cohesion and integration of different social groups, based on respect for different cultures, traditions and backgrounds. The measures of sustainable communities are not exhaustive or mutually exclusive. Rather they are mutually reinforcing and overlapping. We have divided them into four to simplify the process of measuring how sustainable a community is.

A sustainable community involves minimal ecological impact, minimal waste or pollution and maximum recycling, protection and enhancement of the natural environment, so that all may enjoy environmental benefits such as greenery, careful planning for physical and social well-being, space to walk, cycle, refresh and relax.

Community organisation and neighbourhood management are essential to social networks and urban viability, ensuring well maintained and secured conditions which are the prerequisite of stable, long-term, participative and cohesive communities; e.g. neighbourhood management organisations can transform basic street conditions, community safety and security, social contact and youth engagement, by acting as a local conduit for decisions, coordinating supervision and frontline service delivery.

As a priority, sustainable communities utilise cutting edge technology in the provision of home-specific and communal security systems. In many cases, remote closed-circuit television surveillance (CCTV) systems are developed to cater to the safety of people who live within.

Minimizing energy use and environmental impact contributes to sustainability, helps combat global warming and encourages long-term stewardship of communities. An essential part of sustainable communities is the utilization of energy-efficient appliances supported by renewable, clean energy (solar or wind); offering residents long term cost saving.

At Bilaad Realty, we are conversant with the fact that today’s world is fast-paced, full of people who increasingly seek authentic experiences from places where they live, work and interact. Looking forward, today’s housing environments are not only about the residential surroundings but about delivering functionality and shaping lives.

Sustainable Construction II: What Does It Really Mean?

Sustainable Construction II: What Does It Really Mean?

CEO’s MESSAGE

Since time immemorial, homes have provided that sense of belonging, making them subjects of many a famous creative endeavor around the world. Given that it evokes such deep emotion in us, it is easy to forgo pragmatism while buying a new home.

As more businesses are starting to realize the weight of customer satisfaction, its impact has become a widely discussed topic, yet reports on poor construction quality in the real estate sector are frequently talked about. This may be attributed to several reasons such as unskilled construction workers, inexperienced site supervisors, substandard materials, disorganized and labor-intensive construction works.

We see clients increasingly becoming aware of the cost associated with purchasing poorly built structures. Apart from the consequences of potential collapse, rework is always more expensive than implementing it the right way, the first time. Therefore, as real estate developers, we must hold ourselves accountable through sustainable partnerships in the provision of optimum value across installations to the benefits of clients.

Delivering quality and designing a satisfactory home buying experience for clients is at the core of everything we do. For us at Bilaad Realty, relationship with the buyer does not end after sales but begins the very moment the client makes the purchase and thus becomes part of its growing family.

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

WITH EMPHASIS ON OUR PERSPECTIVE

One of the factors one looks for while purchasing a home today, is quality construction. A home buyer wants to ensure that the home will:

Be safe and sound for its inhabitants.

 Usable for a maximum possible number of years.

 Will not develop problems over time.

 Have good resale value if one decides to sell it.

These aspects are next to impossible to judge when a residential project is new or only a couple of years old. Naturally, most property developers will ensure that everything looks ship-shape on the surface even if they do not necessarily follow quality construction norms.

It has become a common marketing practice for developers to claim that their projects are of high-grade construction, with the current owners of resale flats undertaking cosmetic touch-ups to make their properties look as new and unflawed as possible.

Those who do so without justification are aware that most home buyers are not equipped to make valuable judgement on such claims, because home buyers often select properties on the basis of location advantages such as access to public transportation, shopping malls and hospitals.

However, buyers must do more to educate themselves on the market, as a lot of regrets can be avoided by approaching a property purchase decision with sufficient personal research and pre-meditation. In that respect, the concept of due diligence must necessarily transcend the usual sense of ‘legal health check-up’.

There are various ways in which a home buyer can check on the general quality of construction:

Foundation

Patched cracks in a building’s exterior can be an indicator that the project has a faulty foundation. Other signs to look for are small cracks in walls, creaking or sticking doors and windows and improperly aligned or uneven floor, bathroom and kitchen tiles.

Design

A quality construction project is designed in such a way that the weight of the overall structure is evenly and scientifically distributed. Also, a developer focused on quality will not spare costs when it comes to providing detailed finishing and intricate detailing, both in the building’s common areas and within the residential units themselves.

Fixtures

Developers who pride themselves on the use of quality construction materials do not allow cheap, low quality fittings by their contractors. Likewise, common facilities such as elevators will be by established manufacturing brands and will be under a maintenance contract by a reputable facilities management agency. Any evidence of obscure, unfamiliar brands should be viewed with suspicion.

“Fresh” Paint

Fresh paint looks great when you’re moving into a new home. Unfortunately, it’s also really good at covering up watermarks, wood rot, stains or mold. Ask what areas received a coat of fresh paint and be extra vigilant when inspecting for signs of water or mold damage.

Concrete Quality

The quality of the concrete used in a building depends on what grade of concrete has been used, what the concrete/sand ratio is and whether the concrete was allowed to cure for a sufficient amount of time. One rule of thumb is that it should not be too easy to drive a nail into the walls.

Look up

No matter how thoroughly you ogle the kitchen and closet, don’t forget to also look up. Inspect the ceiling for water stains, which are signs of a leaky roof.

With the excitement of buying a new home, it’s easy to overlook important factors that can make or break the experience. Our adoption of sustainable construction methods are deliberate; we are conscious of advancements made in developed countries where alternative building materials are utilized in construction; however, we understand the current state of awareness and cultural acceptability of our market. The concept remains the same, but its integration across different locations will be specific to our needs in a progressive manner. We are certain that sustainable construction is here to stay.

SUSTAINABLE VALUES

SUSTAINABLE VALUES

CEO’s MESSAGE

Business and society, in the past year have been faced with multiple challenges: the coronavirus pandemic which has triggered a wider economic crisis; and a deeper, longer-term sustainability crisis caused by pollution, resource depletion, burgeoning global population, and unsustainable production and consumption. These crises intensify what was already an emerging debate about the purpose and benefits of sustainable value in business.

Values are increasingly becoming the focus of public discussion, yet their role in our lives and their importance for our wellbeing are not always fully understood. Values are what we consider excellent, useful, or desirable, they are what we praise and hold in high esteem. They are a fundamental part of how we define ourselves, our culture and our society. They are generally enshrined in our conception of the world, our definition of a human being, our ideology. As a result, they are often unconscious and unquestioned.

With 2021 finally here, now is the time to lay the foundation for a successful year –– sustainable values. If there’s anything we’ve learned in 2020, it’s that there’s no predicting what might unfold with a new year. We can, however, set ourselves up to be more equipped, adaptable and resilient. The path forward into the new year for any individual, group, or organization should be prioritized around nurturing and sustaining a vibrant and strong internal culture to fuel the health, well-being, and productivity of your people. This investment will pay even more dividends in 2021 and years beyond.

Happy New Year.

ALIYU ALIYU, CHIEF EXECUTIVE OFFICER

WITH EMPHASIS ON OUR PERSPECTIVE

The success of economic growth is dependent on a healthy and stable society. In an age when information is shared almost instantly, corporate supply chains and their effect on the local populous, no matter where in the world, is constantly being assessed for social license. Within an organization, the social side includes contributing to employee health and well-being, value flowing back through improved productivity.

The current placing of sustainability is supported by the strategic shift in the way organizations’ performance is evaluated. Profit with purpose is set to become the new norm as leaders, today are giving a new, more profound meaning to the word ‘Sustainable Value’, regarding it not just as the profitable or right thing to do, but an essential component of growth.

After a year of uncertainty, chaos, and social unrest, how companies function internally not only has a profound impact on employees and corporate reputations, but it directly affects organizational growth, society, and influences every aspect of business. Despite the great unknowns, there’s one critical action that should guide every leader’s vision in the new year: prioritizing internal culture.

While many businesses have designed and implemented all kinds of operational efficiency measures and have saved money doing it, the pathway to capturing more sustainable value from sustainability is still not widely understood or pursued. The opportunity cost of stopping at operational efficiency can be significant because diving more deeply into Sustainable Value opportunities almost always translates to higher beneficial impact on business performance.

Fostering innovation 

in sustainability often leads to redesigning more socially and environmentally responsible products and services. This focus inevitably brings new business opportunities. Nike, for instance, embedded sustainable values into its product design process and created the Flyknit line, a specialized yarn system which requires minimal labor and brings large profit margins. Launched in 2012, this system is reported to reduce footwear waste by 80% (3.5 million pounds). 

Building loyalty from customers. 

Many of today’s customers expect transparency and tangible local and global impact from companies they support. Several studies have showed that nearly two-thirds of consumers across six international markets think they have a “responsibility to purchase products and services that are good for the environment and society” (82% in emerging markets and 42% in developed markets).

 

Companies who embed sustainable values in their core business are more likely to treat employees as critical stakeholders. These organizations tend to create desirable organizational cultures that are sought by talented recruits, as they exhibit a deeper focus on purpose, making employees feel they are part of a broader set of objectives and actions. One study found that morale was 55% higher in companies with more robust sustainability programs, compared to those with much less apparent ones, and employee loyalty was rated 38% higher as well. These conditions translate into improved productivity and reduced absenteeism.

 

We need to restructure the economic and social institutions of our society to reflect a similar set of values enhancing sustainability. Just as an individual should see work as a form of service, so should businesses and governmental bodies be reoriented to be of service to the whole society, and not just a favored part. A business enterprise should be legally responsible for providing a good or service in the best way possible. Profit should be one measure of the efficiency with which the service is performed, rather than an end in itself.

At Bilaad Realty, our four corporate values of Integrity, Efficiency, Excellence, and Ethics drive every business decision, helping us to better tailor our services for a productive year.

2021: OUTLOOK AND PERSPECTIVES

2021: OUTLOOK AND PERSPECTIVES

CEO’s MESSAGE

The year 2020 emerged with unforeseen turn of events that have initiated unprecedented trends in the Nigerian market, and the world at large, with severe impacts on supply chains, economic activities, and international trade.

Economies are trying to manage unemployment by reductions in interest rates, and other governmental action that impacts industries – mainly travel, tourism, and hospitality. Currently, global markets are trying to recover, the IMF warns of a slower 2021, and individuals and businesses are left to wonder, “how long will this trend continue?”

This pandemic will forever change all that we know, and have taken for granted as being ‘normal’, and it would be naive of us, almost catastrophic in fact, to think that things will simply just go back to normal as they were earlier this year.

This new reality has changed us as consumers, and the organizations we lead must change too, if we are to survive and thrive in the coming era of work. While every country is at a different stage of the pandemic, and many businesses are struggling to tackle the ‘here and now’ situation, it’s important that we also start to focus our attention on the future sooner, rather than later.

In this edition, we discussed with some industry experts on what we can expect in the coming months and how best to navigate the new year. As the year draws to a close, let us put in more collective efforts, play our parts as individuals, and hope for a whole new era of economic prosperity.

Happy Holidays.

WITH EMPHASIS ON OUR PERSPECTIVE

The Year 2020, although filled with many hurdles, was a year packed with lessons. But, how best can business owners and investors plan for 2021, help rebuild the economy, invest wisely and get value for their money? This is what a few industry experts have to say:

ON NAVIGATING 2021

“For businesses and individuals to thrive come 2021, amidst increasing prices of commodities in the country, there is need to prioritize our expenses. We must carefully think through all business decisions as regards spending and come up with cost-cutting measures to stem the tide of increased cost of living.

In 2021, businesses should do more; be flexible in carrying out their business and Increase focus on online sales – proven over time to help grow businesses organically.”

––Eze Nwogu

Head, SME Asokoro 

“We are projecting recession in the second quarter or at the end of the first quarter of 2021. So, it is important that we keep an eye on certain sectors like the real estate market, to ensure that expending continues in that sector in order to stay on top of the economic recession and mitigate the impact of COVID-19.”

–– Alfred Friday Okoh

Consultant

“Real Estate still remains the Asset of choice when it comes to Investment and this has proven more than ever before to be so, in 2020. Buyers should be careful where they put their money in 2021. Extensive research should be carried out before making any investments, to ensure they work with companies with proven track record of delivering value.

–– Abdulmalik S. Mahdi

Managing Partner, Modern Shelter

The Nigerian economy has been hit with both the Covid 19 pandemic outbreak, dip in oil price and Foreign Exchange (FX) volatility. The society at large have become less interested in investments, with capital savings yielding negative returns in the wake of rising double-digit inflation currently at 13.7%. It is important for organizations to prioritize spending and postpone expenses that will not add value in the current situation.

–– Mrs Amina Lawal

Banker

 

ON COLLABORATION

“In 2021, we should look out for more meaningful and life-changing collaborations between Government (Public) and Private Sector. The private sector will come to the rescue of the deficit budgets being experienced by the Government, and will channel their investments to providing infrastructure and capital projects that will create an enabling environment for Small and Medium Scale businesses to thrive and on the other hand, increase the Gross Domestic Product (GDP) of the Nation.”

–– Victor Asogwa

Chairman, Pentfield

“This is a fantastic time to collaborate, and every business should jump on it as we enter the new year. By joining forces with other businesses or organizations, new expertise and ideas will emerge, helping to either rebuild the economy or to deal with business challenges.”

––Alfred Friday Okoh

Consultant

“More than ever, developers should implement strategies based on needs, and consider collaboration within the industry through cooperative development in order to minimize investment risks.”

–– Mrs Amina Lawal

Banker

“Collaboration is the best way to face uncertain times and the ever-volatile business environment. The Government should look for ways to ease business for players in the real estate sector; tax reduction and duties on building materials, providing access to land for credible developers and ease multiple regulatory requirements, of course without compromising on standards. 

The private sector players on their part need to work together in coming up with out-of-the-box solutions that would help the entire industry not just one player. There needs to be increased advocacy in engaging with the Public Sector and better coordination among industry players.”

–– Abdulmalik S. Mahdi

Managing Partner, Modern Shelter

The growth of a nation’s economy is not dependent on the abilities of one individual but on the combined efforts of various business ventures, institutions, public and private bodies.

Big on collaborations, Bilaad Realty is building sustainable solutions, and ensuring that every investor, partner and customer gets value for every Naira spent.

Oldest buildings in Nigeria

ARCHITECTURAL EVOLUTION IN NIGERIA

Buildings are the major domino in the puzzle of cities and bring an entire city together. From the very first building in Badagry in 1985 to current infrastructures around the country, real estate has come a long way and building styles have evolved. The evolution of buildings has been an interesting one in Nigeria so here’s a list of some of the oldest buildings in Nigeria.

 Jaekel House, Lagos.

Located inside the Ebute-Metta premises of the Nigeria Railway Corporation, Jaekel House is a restored colonial mansion. It now serves as a railway museum and photo gallery of the NRC’s colonial era. Smack dab in the middle of the hustle and bustle of Lagos, it can be quite a surprise to go into the premises and suddenly become far removed from the noise and people – such as the sheer size of the grounds.

Named after Francis Jaekel, a former Superintendent of the NRC, it was originally built in 1898. This makes it 119 years old and therefore is certainly one of the oldest buildings in Nigeria still standing! Its age does not show on it though, due to the recent restoration carried out on it. Fancy a visit to this beautiful building to take a rail journey into Nigeria’s past?Located at the Railway Compound, Ebute-Metta, Lagos, and opens throughout the week.

 The first European storey building in Nigeria

Yes, that one. This famous white one-storey building in Badagry was constructed by the Rev. Henry Townsend of the Anglican Church Mission Society (CMS) in 1845. Located on the Badagry Marina, this historic structure served as a Vicarage for Saint Thomas Anglican Church, Badagry. Later on, the Anglican Bishop Samuel Ajayi Crowther famously lived here while translating the Bible from English to Yoruba. Still standing completely intact after 171 years, this building has huge historical significance in the history of the slave trade and colonialism. It is also very close to the excellent recreational amenities of Badagry. These include several water resorts, hotels, beaches and hangout spots. If you are brave enough, you can even venture into the house, which generates hundreds of ghost stories from tourists and visitors every year.

The cenotaph of Taiwo Olowo, Lagos.

Daniel Conrad Taiwo arrived in Lagos as an indentured servant in 1848. By the time he died in 1901 at the age of 120, he had amassed so much wealth that he earned the nickname Taiwo Olowo (Taiwo the Rich Man).

In the course of a successful (if somewhat amoral) career trading in everything from slaves to weapons, Taiwo Olowo also became very powerful in the political landscape of Lagos. He single-handedly controlled all trade routes and markets in Isheri. He married 16 wives and his descendants currently number in the hundreds.

In 1905, the Brazilian-returnee master builder Senhor Jorge DaCosta constructed the impressive monument commemorating his life. It features plaques forged from hundreds of melted copper pennies in line with Taiwo Olowo’s status.

Just across the street from the cenotaph is his family house,  Iga Taiwo Olowo (Palace of Taiwo the Rich Man). It is still owned and inhabited by his descendants. If you are lucky, you may even get to meet one of them and enjoy a nice chat about the Legend of Taiwo Olowo.

Mapo Hall, Ibadan

It may not look like it, but this too is one of the oldest buildings in Nigeria. Built in 1929, Mapo Hall has witnessed 87 years of Nigerian history from its vantage point at Mapo Hill summit, the highest point in the city of Ibadan. Designed by the British Engineer Robert Taffy Jones, this sprawling edifice is one of the most impressive structures in Ibadan, towering over the metropolis with its huge stone pillars and Victorian architecture.

Mapo Hall was originally constructed for administrative purposes and public hearings. Nowadays, especially since its renovation in 2006, it is as a conference location and tourist destination, with its own in-house mini-museum and an impressive hallway portrait display of all past and present Olubadan of Ibadan.

 

St. George’s Hall, Lagos

This charming building located on Broad Street was constructed in 1907. It houses St. George’s Lodge No. 3065 of the global Freemason Order. Prior to its construction, Sir Walter Egerton, then Governor of the Colony and Protectorate of Southern Nigeria granted a 99-year lease for the plot of land, free from taxes and rates.

Over the years, some of the most famous names in Nigeria’s history have been frequent visitors to this building. These include Sir Adeyemo Alakija, Nat Sowande Cole, Chief Oludare Holloway and Willoughby Osbourne. The building features typically elaborate and ornate Victorian design and finishing.If you would like to take a tour of this historic building, it is open on Sundays between 11:00 and 17:00.

Lugard Footbridge, Kaduna

The Lugard Footbridge a 113-year-old pedestrian bridge currently located in the General Hassan Park, Kaduna. Originally built in Zungeru, present-day Niger State by Frederick Lugard in 1904. At the time, Zungeru was the capital of the Northern Protectorate of Nigeria.

Following the 1914 amalgamation, the bridge moved to Gamji Gate, Kaduna and reconstructed. Since 1956, the bridge has been classified as a historic national monument.

Kajuru Castle, Kaduna

While the other buildings on this list are very old, Kajuru Castle is not since It was built by an unnamed German expatriate in 1978 and is only 39 years old. Yet It makes this list by virtue of its unusual German-style architecture and backstory because it’s not every day you see a full-sized German castle in Kaduna! If you would like to explore Kajuru Castle, you have to rent out the entire building. This reportedly costs between N240,000 and N350,000 a day.

Oba of Benin Royal Palace, Benin

Visitors to the Oba’s palace are forbidden from taking pictures. Because of this, it is notoriously difficult to get a picture of this historic building. While originally built by Oba Ewedo (1255AD – 1280AD) as the symbol of the mighty Bini Empire for 6 centuries, Oba Eweka II (1914 – 1932) rebuilt it following its destruction due to the British punitive expedition of 1897. It still stands as one of the oldest buildings in Nigeria and is listed by UNESCO as a World Heritage Site.

Kings College, Lagos.

Kings College, built in 1909 by the British colonial administration in Lagos. Built at the cost of £10,001 and is one of the oldest buildings in Nigeria.  The building was originally created due to the need to prepare male students for the Matriculation exams of the University of London. Today, almost 120 years later, Kings college still stands at its original location on Catholic Mission Street, Lagos Island.

Lugard Hall, Kaduna

 Lugard Hall, the seat of the Kaduna State House of Assembly was built in 1914. Therefore, it is 103 years old. Named after Frederick Lugard and originally served as the seat of legislative power of the Northern Protectorate. The building style is an imitation of the British House of Commons and House of Lords in Westminster, London.

It’s interesting to see how far Nigeria has come both infrastructure and development wise, and thats why we at Bilaad Realty are aimed at developing quality structures that are not only in line with current times, but also the future.

Fajuyitan, D., 2020. David, Author At Hotels.Ng Guides. [online] Hotels.ng Guides. Available at: <https://hotels.ng/guides/author/david/> [Accessed 24 November 2020].

THE QUEST FOR STRENGTH II

THE QUEST FOR STRENGTH II

CEO’s MESSAGE

Technology has never been more advanced than it is today. From wearables to rugged tech, the digital world has infiltrated every aspect of business, and everyone is drooling over the latest gadgets. Although technology is front-and-center in today’s corporate world, we cannot underestimate the most important element of business success: the human element.

According to popular opinion, organizational success is when an organization can achieve certain milestones that allows it to be competitive within the industry it exists. The manner to which these outcomes are determined depends on the internal efficiency of the organization. Furthermore, the ability to properly manage people, resources and time, can result in improvement of quality standards, creativity and innovation.

We’ve seen one too many enterprises fail because the focal point was merely producing results. While this is a given to any business that wants to achieve long-term goals, the saying “the end justifies the means” is just not the right way to conduct business. Achieving results at the expense of employees is a quick shortcut down the path to failure, and enterprises need to come to a realization that their employees are their greatest asset.

Thus, the road to being successful as a corporate entity cannot be solely journeyed by good products. By understanding the human element, business can be more profitable, lead more effectively, and create brand loyalty. Now more than ever, we must adopt the right strategies to improve internal efficiencies within the industry.

 

WITH EMPHASIS ON OUR PERSPECTIVE

If there is one thing most organizations have in common, it’s the never-ending requirement to improve the performance of their business.  It’s all about long-run sustainability, remaining relevant, winning and being the frontrunner in the marketplace. The pressure is constant and the expectations are high. But how do you get there and how do you stay there?

 It’s been said that the primary responsibility of every leadership team is to create a culture that allows the organization to achieve its objectives.  But where does one turn when it comes to building a winning culture that delivers extraordinary results?  Perhaps an organization is customer-centric, technology-centric, or service-centric in its value proposition –– in essence, the business’ core competency has very little to do with what it takes to be a leader in their industry.

The common denominator in all cases is found in the quality of the workforce, and can be reduced to a single factor — the human factor. More specifically, it is the attributes of an organization’s workforce that separates them from the pack. People are the primary determinant of success, and the common denominator in every function of every business and people are the key point of differentiation.

This has all kinds of implications on every business. Is your compensation and benefits program attracting the model employee? Is your performance management system enabling your leadership team to coach and mentor for continuous improvement? Is your culture a positive, compelling and infectious culture that extracts the very best out of your labor pool day in and day out? Growing companies must have a people strategy too, and that is why we agree that the following factors are important:

–– Nurture a learning environment

Henry Ford once said, “The only thing worse than investing in your employees and having them leave is not investing in them and having them stay.” Constant learning not only elevates an individual as a worker and as a person, it opens opportunities for the establishment to transform continuously for the better.

–– Treat Your People Like Family

What is the difference between a good company and a great one? It’s people. Prioritizing happy customers and happy employees seems like a no brainer; however, it’s hard for employees to deliver a great customer experience if the company does not promote a good experience for them. Treating employees with respect and kindness, contributes to the longevity of any business.

In resonating with the unique characteristics of the horse, we believe that our strength lies in our team who continuously thrive in setting the pace for positive change within our communities and beyond.

Our passion is people. What is yours?

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Plot 111 &112 Wing A Jahi, Abuja.
 
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Email : info@bilaadnigeria.com

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