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Propertymart assures Residents of Citiview Estate of continued Provision of infrastructure

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 Leading real estate company, Propertymart Real Estate Investment Limited, has reaffirmed its commitment to continued provision of quality infrastructure at its Citiview Estate, Arepo in Ogun State. This assurance was given by the spokesperson of the firm, Barrister Taiwo Adedeji, at a meeting with some concerned residents of the estate at the firm’s corporate office in Magodo following the flooding witnessed in the estate as a result of the opening of the Oyan Dam in the wake of the recent heavy downpour in the country. “We are right now addressing the natural challenge of flooding confronting partners who live in our Citiview Estate. For more than 8 years, the estate has never encountered flooding; save for a particular year when there was water seepage from the rear end of the estate. Prior to this season, residents of Citiview Estate had been insulated from severe flooding witnessed by other neighbouring estates and we are only impacted this year majorly because of the dredging activities around Ogun River which has affected the landscape and consequently the flow course of water. Initial parts of the estate which were not prone to flooding are now exposed by the dredging activities”, he said.
 Adedeji also disclosed that a frontline construction giant, PW, was engaged to construct the road infrastructure leading into the estate as well as major areas within the estate, and that Propertymart has been overseeing its maintenance since the opening of the estate. On the issue of title documents, Adedeji explained that majority of those who have paid up their requisite fees have been given their Deed of Assignment. According to him, “allocation of title documents does not start and end on our table; it is tied to the activities of the Government.  The larger percentage of the residents, especially those that have fully paid have their title documents while the rest are still under processing. But there are some who have not paid the necessary fees for the perfection of their title documents. These people also are currently yet to get their title documents.” “The Land Use Act vests ownership of land in state governments and as a company, we won’t hold on to anybody’s title document especially if they have paid. We have engaged the relevant authorities to ensure that outstanding documents are released as soon as possible, but the larger percentage of those who have fully paid up have their title in their possession.” Commenting on other concerns raised by the residents of the estate, Adedeji disclosed that they were being addressed in fulfilment of promises made to stakeholders by the company. Adedeji further disclosed that the company has noted the increasing expansion of the Estate and is working hard to ensure that the facilities are commensurate. He said: “The estate is an expanding project, some people moved in years ago, while others recently did. Some others are planning to move in soonest and we have not gone to sleep on some of the emerging issues. It is a habitable estate and as it develops, we will expand the infrastructure. Please be rest assured that the estate is not neglected and will never be neglected. It remains one of the most beautiful estates in the neighbourhood. We are taking full responsibility for its maintenance.” A significant player in Nigeria’s real estate sector since its incorporation in 2008, Propertymart has delivered over 6,000 housing units and serviced plots to families and individuals in Lagos and Ogun states, as well as the Federal Capital Territory (FCT). Some of its key projects include Citiview Estate, Arepo; Mitchel Mews, Magodo; Edensville Estate, Simawa and Mitchville and Bel Terraces, Abuja.

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Oando Boss Wale Tinubu Showers Encomium on Dangote @67

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Aliko Dangote with Wale Tinubu

‘Celebrate true friends. They are a part of you that always sparkle’ – Amy Leigh Mercree

The English-born actress may have had the boss of Oando Group, Jubril Adewale Tinubu in mind when she made this quote.

Truly, the trained lawyer never forgets to celebrate and appreciate his good friends whenever it is necessary. In fact, he is one gentleman who values and understands the definition of true friendship.

This played out yesterday, Wednesday, April 10, 2024, when he showered praises on his friend of many years, Africa’s richest man and Chairman of Aliko Group, Alhaji Aliko Dangote, when he clocked 67.

In celebration of Dangote, the oil and gas top player wrote:

“Happy Birthday to a visionary and accomplished entrepreneur whose impact continues to reverberate across Africa and beyond.

I hope your day has been filled with joy, laughter, and limitless blessings. May the world continue to recognise and applaud your remarkable achievements.

As you enter a new year, my prayer is that your commitment to building Africa never waivers but now and again you stop to appreciate the phenomenal difference you have made to the capacity of indigenous entrepreneurship on the global stage.

Wish you many more years in good health.

Dangote, a name that means so many things to many people. But what no one can deny is the fact that the name is essentially synonymous with success.

Since he made his mark in the nation’s business sector, many years ago, he has risen to become a glittering star in the business firmament.


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Inflation: Real reason Indomie reduced Prices of Popular Staple Food item Revealed

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A flagship brand under Dufil Prima Foods Limited, Indomie Instant Noodles, has announced a significant reduction in prices to ensure affordability for consumers amidst Nigeria’s escalating inflationary pressures.
The decision came as a response to mounting economic challenges faced by Nigerians, with the aim of maintaining accessibility to this popular staple food item.
And this has been confirmed by a recent survey conducted across various stores in Lagos, which revealed a notable decrease in the prices of Indomie products. The cost of the 70g pack of Indomie Regular Chicken noodles plummeted from N300 to N250 compared to the previous month.
Additionally, the price of a 40-pack carton of Indomie dropped from N12,000 to N10,000 within the same timeframe. Prior to this adjustment, Indomie’s prices had surpassed those of competing brands such as Mimee (N200) and Honeywell noodles (N250).
Temitope Ashiwaju, the group corporate communications & event manager at Dufil Prima Foods Limited, attributed the price reduction to favourable changes in operational costs.
He emphasised the company’s commitment to passing on benefits to consumers, stressing their dedication to fairness and affordability.
“We are never going to be taking advantage of the populace. We want to make profit, but in a fair way,” the spokesman added. “That is why we are determined to keep our products affordable to Nigerians.”
Contrary to speculations suggesting low patronage as the driving factor behind the price adjustment, Ashiwaju reaffirmed that the decision was rooted in the company’s ethos of customer-centricity and fairness.
Industry experts have hailed Dufil Prima’s move as influential, predicting a ripple effect that could prompt other brands to follow suit because Indomie’s dominant position in the market has positioned it as a price setter, prompting expectations for broader shifts in pricing strategies across the industry.
The price reduction by Indomie comes amidst a backdrop of economic challenges in Nigeria, characterised by soaring inflation rates.
Over the past nine months, Nigeria has witnessed a steady rise in headline inflation, driven primarily by government reforms such as the removal of petrol subsidy and naira devaluation.
As a result, food inflation has surged, exacerbating the financial strain on households and leading to an increase in poverty levels.
Despite these economic headwinds, a recent report by Euromonitor International indicates robust growth in the sales value of noodles within Nigeria’s formal market.


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Sosa Fruit Drink and Rite Sausages Thrill 60 Consumers with Movie Hangout and Freebies

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Sixty lucky fans of premium Sosa Fruit Drink and delicious Rite Sausages, owned by Rite Foods Limited, were treated to an exhilarating movie experience on Saturday, February 24th, 2024. These consumers, selected from an online Valentine’s Day engagement, enjoyed the romantic comedy “All’s Fair in Love” at the Silverbird Cinema in Ikeja City Mall.

The winners, along with their companions, received valuable gift items and expressed their gratitude to the award-winning brands for creating a memorable and refreshing afternoon. They savoured the variety of Sosa Fruit Drink flavours (Orange, Apple, Orange Passion Mango, Mixed Berries, and Cranberry) in both 35cl and 1-liter packs, alongside the popular Rite Spicy Beef and Bigi Beef Sausage Roll that have become consumers’ favourite.

“This event was an innovative way to show our appreciation for our loyal customers and celebrate the spirit of Valentine’s Day,” said Ms. Adebola Adeyinka, Assistant Marketing Manager, Rite Foods Limited. “We are committed to providing value and opportunities for our customers, and this event was a fun way to do just that.”

The free movie outing reinforces Rite Foods’ commitment to its core mission of putting consumers at the heart of everything they do. The company’s dedication to quality and value is evident in the numerous awards their products have received, including the “Outstanding New Product of the Year – Juice” award for Sosa Fruit Drink in 2023 and the “Best Value for Money – Sausage Brand” award for Rite Foods’ Sausage Roll in 2023.


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