General
Propertymart Allots Plots at Fairmont Hilltop Estate
By Modupe Gbadeyanka
Those who subscribed for the Scheme Two of Fairmont Hilltop Estate, Alagbado, Lagos, have been given their plots of land by Propertymart Real Estate Investment Limited, promoters of the property.
The buyers of the landed property were allotted their plots at the weekend and one of the allottees, Mr Biodun Koleosho, praised Propertymart for the excellent layout of the Estate and not using the COVID-19 lockdown to delay allocation of plots.
“They have done an excellent job of following up, keeping to their word and that is being able to deliver plots to customers. In terms of documentation, despite the COVID-19 lockdown, they got in touch with me and sent me an e-copy of the contract pending when I could come to the office and sign the hard copy. So, despite the challenges of COVID-19, they are still able to deliver as promised,” Mr Koleosho said.
Another beneficiary, Mr Gibson Eze, praised the company, saying, “I’m impressed with Propertymart. I like their customer service in particular and I will be recommending this estate to others because my experience so far has been excellent.
“Every one of their activities is documented, and since it’s documented, it gives you the room to have trust. Once there is documentation, trust can easily flow.”
On her part, Mrs Abiola Oni, who also received her plot of land, stated that, “I like the speedy nature of the sale and documentation process. We paid around early February, and here we are in June with our plot. The environment is nice and cool. I am impressed with Propertymart.”
For Mrs Lynda Esohe Ugbesi, who stood in for her brother, Mr Lucky Anthony, she couldn’t contain her excitement with the serene estate.
“The environment is conducive and accessible. The terrain is excellent. I can see flooding won’t be an issue. The allocation process is transparent.
“I’m happy with the way everything has been done. I was even asking if they have more plots available so that I can tell others about the estate,” she said.
While commending the beautiful location, another allottee, Mr Timothy Oyeniyi, said he had been on the lookout for a beautiful estate to invest in and that Fairmont Hilltop fit the bill perfectly.
“It is secure from the hustle and bustle of the main Ota; it is close to Lagos. You can jump in and out without having to go through the potholes that many people experience in Ota.
“It’s a serene environment. That’s what I like about the location itself. And the fact that it’s a border town between Ogun and Lagos States,” he said.
Business Post reports that Propertymart has been intensifying its effort to provide affordable housing to Nigerians and support the federal government bridge housing deficit in the country.
The General Manager in charge Sales and Marketing at Propertymart, Mr Oluwasegun Damiro, stated that the real estate giant was committed to helping Nigerians own their homes in a safe and secure environment and at pocket-friendly prices.
“We are for the grassroots and what we want to sell to people, particularly first-time homeowners, is affordability.
“Inside this estate, we have some two-bedroom bungalows that we are constructing for people who won’t have time to build and want to save themselves the hassles of buying land and clearing. This is apart from the common land grabbers issue,” Mr Damiro stated.
He added that though plots in Schemes One and Two in the estate have been fully taken, prospective homeowners can take up the exciting promo offers in Scheme Three which run till the end of June.
“Ordinarily, our plot size is 500 Sqm, but we have 400 Sqm, 324 Sqm and 240 Sqm so that you could pay as low as N5 million. It’s all to encourage people.
“The promo price for 500sqm in Scheme Three is N7.8 million. That’s a discount of about N2 million from what you have in Schemes One and Two,” he said.
Mr Damiro further added that Propertymart, which has been in the real estate business for over 12 years, doesn’t just sell land, but a lifestyle to its customer.
According to him, “We have allocated over 6,000 homes and serviced plots since inception and we are glad that our customers have faith in us.
“We don’t just sell land. What we sell is a lifestyle. Before people move in, infrastructure is ready. Street light, roads, electrification, which means that even before you start building, you have a planned estate where you can start dreaming of where to keep a home—your children, where they are going to play. Where you can get your groceries. What we sell every day is a lifestyle, not just the normal Omo Onile.”
Fairmont Hilltop Estate, Alagbado, is part of the ‘The Fairmont’ serviced plots strategically located in Arepo and Lekki-Ajah. They are not only affordable but also allow clients to live in safe, beautiful environments with well-defined perimeters.
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
