Rullion's Blog

We all have a stake in the infrastructure surrounding us — the roads, buildings, power lines, and telephone networks that we rely on daily. How well they're built and operated is crucial to economic growth and is a key arbiter of an economy's competitiveness — and yet, virtually every economy faces an array of infrastructure challenges. Just a few examples illustrate some of the pressing issues: South Africa's power distribution network has an estimated maintenance backlog of $4 billion — equivalent to half of the country's total investment in electric power generation and distribution in 2011. The U.S. Department of Transportation estimates that 15% of the country's roads are in an unacceptable condition and says that road congestion costs the U.S. an estimated $100 billion per year. In Jakarta, from 2005-2009, the number of cars rose by 22% annually, while the distance of usable roads actually declined (PDF). The UN Economic Commission for Latin America ...

Ogba on a N5million budget With its quick transport links to Ikeja (about 10 to 30 minutes depending on time of day, Ogba can be considered ‘central’ and following from this, prices of property are generally over the N5million limit. However, due to the various Government and LSDPC estates in the location, there are some flats which are on the market in this price range. One such estate is the LSDPC Oluwole Community  Estate where a two bedroom flat advertised by Victor Okpera & Co for N4.5million. A typical Government flat, the finishing is modest and the two bedrooms are of an average size with a bathroom and toilet. This particular flat is on the ground floor of the prototype 3 floor blocks and there are four clusters with three of such blocks in each cluster. Oluwole Estate with its high density environment sadly will have to accept the tag of barracks so it cannot be recommended as a dream home. On the flip side with rents in the N300,000 to N350,000 per annum range ...