Leveraging global best practices in real estate ecosystem key to Investors’ Forum
Amid the economic challenges investors in real sector ecosystem go through, discussions around attracting net-work individuals and entrepreneurs will take centre stage at the maiden edition of Prindex Properties Investors’ Forum.
The event holding today in Lagos will bring together high net-worth individuals, entrepreneurs, professionals and prospective real estate investors.
Tolu Bawa-allah, managing director, Prindex Properties, says the company’s portfolio is a mix of completed, ongoing and planned developments, adding that participants at the investor forum will get a feel of the culture of value creation.
He opines that since inception in 2012, the Prindex Properties, established by Tolu Bawa-allah and Supo Jagun, has distinguished itself with its commitment to professionalism, innovation and transparency.
According to Bawa-allah, “In a country where real estate developershavebeenknowntocutcorners to maximise profit, often leading to building collapses and failed investments, Prindex Properties promisespeaceofmindbyholding itself to the highest standards.”
Supo Jagun says, “As Architects and real estate professionals, our projects are built in line within statutory, regulatory and safety guidelines. We also ensure that our spaces are functional and aesthetically pleasing to the end user. We do not compromise on the quality of our finishing materials as we want our clients to have peace of mind.
“As a company that prides itself in being indigenous and transparent, the Investors Forum is designed to bring our clients and previous investors closer to the faces behind the brand.”
Bawa-allah notes, “We are not a faceless company; we are real people. Our team comprises of professionals in the real estate industry; architects, engineers and surveyors. As developers, our competencies and experience over the years is what sets us apart. This is why we are able to deliver value clients and investors without compromising quality.”
He further explains that after several years of servicing clients with bespoke homes and building projects across Nigeria, they identified a gap in the residential real estate space and decided to fill that gap. In his words: “We have expanded our scope beyond ‘construction as a service’ to Real Estate development by completing other aspects of the value chain such. From 4 units of residences in 2014 to 23 in 2019, we are growing this number to 85 by 2021.”
Border Security: AFC to invest $450m for automation of Customs operations
The African Finance Corporation (AFC) has expressed the readiness to invest $450 million in the automation of the operations of the Nigerian Customs Service (NCS) for its turnaround within 12 months.
Managing Director of Bionica Technologies W.A Limited, Umar Kuta, disclosed before the House of Representatives Joint Committees on Finance, Customs and Public Petitions Co-chaired by James Faleke, Yusuf Kila and Jerry Alagbaoso, respectively. The joint Committee is looking into the modernisation of the Nigerian Customs projects.
Kuta assumed that the platform would improve revenue generation by the Nigerian Customs and enhance security at the nation’s borders.
According to him, “A complete automation of the activities of the NCS within 12 months will boost revenue and eliminate all forms of sharp practices in the system.”
Recall that the e-custom Strategic Plan, began in 2016, 94 companies responded to a bid request by the Nigerian Customs, fifteen companies were pre-qualified and all were invited to make presentations on their solutions to enable Nigeria realise its vision of attaining complete automation and enthroning best practices in Customs operations.
The managing director said Bionica Technologies emerged tops after the evaluation process by Nigerian Customs.
According to the document made available to journalists after his meeting with the Committee, Kuta said that firm has five technical partners, namely Paramout Group, Huawei Technology, Smiths Detection, Larsen & Toubro Group and Nuctech of China.
The partners, he stated, are mobilising about $ 450 million in investment to attain the complete turn-around programme.
He told the Committee that the Africa Finance Corporation, has also indicated its interest in supporting the Customs automation programme.
The company chief executive stated that the consortium is to partner Nigerian Custom Service by direct capital investment in collaboration with Original Equipment Manufactures to develop and implement specific modernization programs, with full automation of all the NCS business processes and procedures through the development and implementation of a robust and secured ICT platform.