Abuja buying blow

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Abuja buying blow

I had only made half payment for the shop space, and I usually buy the foodstuff I use in cooking on credit to pay back after each day's sale. Sometimes I am not able to pay but when the Red Cross gave me 61, naira in cash 2 years ago, I quickly paid off what was left of the shop rent and paid for the wares I bought on credit. I also invested some of the money into buying more wares to cook meals and sell. You won't believe it that I also bought Christmas clothes for my children from the money. As a hardworking, determined, and devoted single mother of three children, Victoria James's journey could be best described as jam mixed with sand. Having just relocated from Auchi, Nigeria, without her husband, who left her when their twins were only two months old, she lived in an uncompleted building in Galadimawa, a community prone to flooding in Nigeria's capital, Abuja. Her sister, who invited her to Abuja, gave her some money, which she used to buy wrappers for sale, but this business didn't do well so she quit. When she heard that a particular shop owner was looking to sell for 30,, naira, Victoria who didn't have the money upfront, pleaded with the owner to allow her to pay in two installments. I cook both rice and soup. After a while, I was able to gather half of the money for the shop rent while caring for my children all alone. It was obvious that we were living from hand to mouth. Life was very difficult. It seemed as though I was working for others. However, tragedy struck as the uncompleted building she was living in with her children in Galadimawa Community, collapsed. Victoria almost suffered a stroke, She was lucky as the Nigerian Red Cross Society NRCS visited the community to identify and assist the most vulnerable people affected by flood with cash. With this support, Victoria was able to pay off all her debt to the vendor she buys foodstuffs for her business, complete the payments for her shop, buy essential ingredients for her business, and even purchase Christmas clothes for her children. Today, just like her name, Victoria is now a winner. Though she still lives with her twins in her sister's house in Kabusa, she runs her food business with joy and confidence, knowing that she is no longer burdened by debt and that her children are well taken care of. Her eldest child is in secondary school and learning a skill. Thanks to the timely support of the NRCS, Victoria can now focus on growing her business and providing a bright future for her family. Victoria's story is a testament to the fact that a little support can go a long way in boosting the powers of strong will to succeed in the face of obstacles, even flooding. Her resilience is an inspiration to continue to show kindness to humanity and create a world where everyone has the opportunity to overcome challenges, thrive and build a better life for themselves and their loved ones. Breadcrumb Home. Nigeria Hunger Crisis Appeal. No amount is too small. A donation of as little as N1, goes a long way to improve the nutritional condition of the average household. Thousands of people are severely hungry in Nigeria. Children, women and the aged are the most affected. You might also be interested in. Join Us. Join the larget volunteer network in the world. Saving you and others around you by getting trained on First Aid. First Aid saves lives, train with us!

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Abuja buying blow

A recent report on real estate market review also estimates housing deficit in the city at , units. But all these statistics, which used to be both compelling and emboldening to investors, no longer have the appeal strong enough to lure big property investors to the city. Before now, talk about the real estate market in Nigeria was about Abuja, Lagos and, to a lesser degree, Port Harcourt. As a haven for politicians, and a predominantly civil service city, the rental market in Abuja is very active in such areas as Wuse, Garki, Maitama up to Gwarimpa because there are a lot of people renting within the city. The suburbs are even more active. Apart from the anti-corruption crusade of the present government which is after people with questionable sources of income, Abuja developers are not so much worried about their empty houses. They fix their prices and allowed them to remain because they are not under pressure to sell or to rent. A property vendor has confirmed to BusinessDay that Abuja developers are hardliners on issues of property prices, citing a particular property that came to the market for sell at N million. A worrisome development in the market is the thinking by the Economic and Financial Crimes Commission EFCC that some people have laundered proceeds of crime through land and property acquisition more in Abuja than other parts of the country. The commission once noted that the people involved in this act do not use financial instruments to make payment for properties, adding that such people do not bother to change ownership after such acquisitions, making it difficult to verify the identities of the new owners or the sources of funds. Lagos is different. The state government puts the housing deficit in this sprawling city at 2. Unlike Abuja, private sector operators are willing and ready to do business with government. The state has also come with Rent-to-Own schemes which could be more effective where they are more easily accessible. It has also completed a series of developments as part of its urban renewal project. The floor Isale Gangan towers and Gardens luxury apartments are some examples. Cooperative, devt partners plan N20bn affordable housing scheme. What a viable mortgage industry means to an economy. Affordable housing, public transportation as essential aspects of impact investing. What growing interest, confidence in JVs means to real estate consumers. Forgot your password? Lost your password? Please enter your email address. You will receive mail with link to set new password. Home Real Estate Abuja market: Between investors caution and compelling opportunity. Abuja market: Between investors caution and compelling opportunity. You might also like. Real Estate. Sign in. Remember me. Log in. Reset password. Welcome, Login to your account. Forget password? Sign in Recover your password. A password will be e-mailed to you.

Abuja buying blow