DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 5435

Documents constituting good root of title to land in Nigeria

0

Flowing from my previous article where I stated that certificate of occupancy does not guarantee that you are the owner of a property, it only raises a presumption in your Favour which can be rebuttable hence it’s not a good root of title, readers have reached out to know what documents can constitute a good root of title when it comes to real estate or landed  properties. These documents constituting a good root  may include:

  1. Deed of gift:  A gift of land is permanent therefore a document transferring the gift which is called deed of gift can he said to constitute a good root of title:
  2. Duly perfected Deed of Assignment:  Deed of assignment transfers perpetual and unexpired terms in the land.
  3. Deed of legal mortgage: Deed of legal mortgage transfers legal interest in the property.
  4. Land certificate-Title acquired by a subsequent purchaser of registered estate under the RTL (Registration Title Law)
  5. Certificate of purchase: It certifies sale of land pursuant to a court process.
  6. Assent (PCL)and probate
  7. Deed of Conveyance: It was in force before the advent of the Land Use Act. It gives absolute title forever, without the payment of any ground rent. Unlike the C of O, where the grantee is made a tenant for 99 years, coupled with payment of ground rent every year. else, it is revoked.

Ps: don’t forget to always consult a lawyer.

Tekedia Capital Wins Nigeria’s Best Venture Capital / Angel Investing Group Award

0
Thank you young Nigerians for honouring Tekedia Capital as the best in the nation. It was a moment for our young subsidiary to rise quickly to the top in just less than a year of operations.
 
We have sent companies to Y Combinator, Techstars and global mega investors and you young people have made us better. So, we send our own awards to all the young people in Nigerian tech with this note: we will continue to believe in those who are building. I like writing that first cheque including giving the innovator money to incorporate the business. And so far, NONE has disappointed.
 
It is only in Nigeria that you get into a startup in Feb at $1.2 million and by Oct it raised money at $45 million valuation. Thank you for this plaque and the REAL awards which you are delivering in markets.
 
Tekedia Capital >> making friends with tech innovators. Go here and learn how we are building the NEXT Africa through entrepreneurial capitalism.

PROLOGUE: Shophouse as an Urban Poverty Escape Strategy

0

The submission from professionals and non-professionals had always been that rural areas or communities are full of various forms of poverty. Largely, unemployment and lack of basic social amenities have driven and still driving a huge number of youths from rural areas to urban centres. But economists and political scientists believe that urban areas are not exempt from different forms of poverty as well.

With this conflicting presentation of rural and urban areas, our analyst notes that it is difficult for anyone to conclude that indeed human beings are in a great dilemma of where to live and explore opportunities for sustainable living. Apart from the poverty factor, there are other contributors to the incessant rural-urban migration in every country in the world.

Between 2010 and 2020, rural-urban migration growth in Nigeria in the context of urbanization was alarming. From 43.48% in 2010 to 51.96% in 2020, it is obvious that Nigerians want better living conditions. Hence, the need to move from locations where opportunities and access to basic social amenities are limited to where sustainable opportunities could be pursued without fear and unnecessary uncertainties.

After some years of being in the new locations (urban areas), people with financial strength usually bought or built personal houses. This single act has continued to help the host communities to expand socially and economically. Various sources indicate that Nigerians who migrated to urban areas and indigenes of the areas have been borrowing ideas from some countries in the South East Asia regarding shophouse construction.

Shophouse is a building that has residential and commercial business purposes. In the region, shophouse has “an opening onto the pavement and also used as the owner’s residence.” This has been the tradition since 1950s. Several reports in the region and outside indicate that shophouse remains one of the elements of the urban economy. It is also an economic opportunity for homeowners.

According to our preliminary results of the ongoing observational and longitudinal studies, shophouse is being used as an urban poverty escape strategy. In our investigation, we found that Nigerians are building shops as part of their residential building when it is obvious that their locations are strategic to residents and visitors. We also discovered that places that are not in core urban areas, homeowners are constructing shops to augment their monthly income. In another perspective, a number of homeowners are not necessarily constructing the shops for rental purpose. They are making the shops available to their wives as a way of reducing the stress associated with working in corporate organisations and uplifting them financially.

In 2022, our analyst will report significant insights from the studies which are being carried in Lagos, Oyo, Ondo and some states in the eastern region. Our expectation is that concerned stakeholders in small and medium scale business management and development would learn from the insights. For instance, it is expected that government agencies and enterprise support organisations would see reason for developing policies and programmes towards sustainable urban poverty elimination.

Tekedia Live

2

Only the first 100 participants will join via the Zoom link below. Others will watch via YouTube Live here which will be posted on Saturday.

We invite you to join Tekedia Institute’s annual outlook for the year ahead. The event is scheduled as follows:

  • Topic: The 2022 Outlook – Nigeria, Africa, Global: Potency of Entrepreneurial Cambrian Moment
  • Date:  Saturday, Dec 18, 2021
  • Time: 4pm – 5.30 pm WAT
  • Presenter: Prof Ndubuisi Ekekwe, Lead Faculty, Tekedia Institute
  • Zoom Link:  Click this Zoom link

About Tekedia Institute

Tekedia Institute offers an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents.

We offer Tekedia Mini-MBA, Tekedia Advanced Diploma Programs, Tekedia Startup Masterclass, etc. You can register and join any of these programs here.

Find your OWN customers and FANS

0

Find your OWN customers and FANS. Great companies turn customers into FANS. Create a fandom in that market.

Your product cannot be for every person; find your niche and your own customers.

Great companies do not just create a niche, they “invent” new markets and bring tribes of customers into that new world.

Do not build for all, find your OWN customers!

Comment on LinkedIn Feed

The world’s winning companies are often those who sell Lifestyle, not those who sell Products and Services.

Apple sells Class, not Gadgets.
Tesla sells the Dream, not Cars.
Nike provides you with Inspiration, not Shoes
Instagram curates your Fantasies, not your Media.
Meta sells Experience, not Communication.
Tiktok is Funsville, not a Short Videos Platform.
Andela offers a Life of Opportunity, not Computer Training.
Xiaomi preaches Simplicity, not Eectronics.

Create a Unique Lifestyle through Business Model Innovation and your FANS will not only locate you, but they’ll stay loyal to you because you’re their right kind of crazy.