{"id":8333,"date":"2018-02-19T03:34:29","date_gmt":"2018-02-19T03:34:29","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/nnpc-to-invest-n100billion-unharnessed-land-in-real-estate\/"},"modified":"2018-02-19T03:34:29","modified_gmt":"2018-02-19T03:34:29","slug":"nnpc-to-invest-n100billion-unharnessed-land-in-real-estate","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/nnpc-to-invest-n100billion-unharnessed-land-in-real-estate\/","title":{"rendered":"NNPC to invest N100billion unharnessed land in real estate"},"content":{"rendered":"

<\/p>\n

\"\"<\/p>\n

NNPC tower<\/p>\n<\/div>\n

Plans are underway by the Nigerian National Petroleum Corporation (NNPC) to invest its over N100 billion worth of unharnessed landed property across the country in the real estate<\/a> sector. <\/p>\n

The feasibility of the plan would largely rely on the ability of the group to recover the assets across the country. It would also be a major shift from its initial lease administration of collecting rents from tenants occupying its property.<\/p>\n

NNPC Chief Operating Officer (COO) Ventures, Babatunde Adeniran, who disclosed this at the maiden edition of NNPC Properties Ltd (NPL), Festival in Abuja, said the plan would be honed through commercial opportunities adding that the company has already commenced the recovery of the corporation’s landed properties.<\/p>\n

According to him, NNPC Properties Ltd had shifted from the initial lease administration of collecting rents from tenants of the NNPC Properties to “exploring all commercial opportunities available in the real estate market to efficiently position itself as one of the key players of repute that fits the NNPC brand”.<\/p>\n

He added, “the current aggressive commercial drive by the NPL is yielding results as the company had recovered a number of the corporation’s landed property which had been lying idle across the country.<\/p>\n

He listed<\/a> some of the recovered property to include: a 92-hectre parcel of land on Chevron Drive, Lekki, Lagos; Royal Grove Estate, Port-Harcourt, and others in Abuja and Kaduna.<\/p>\n

NNPC staff.
\nHe lauded the subsidiary for developing the Third Party Home Ownership Scheme for staff with competitive interest rates from reliable banks and affordable deals from credible developers.<\/p>\n

Managing Director of the NNPC Properties Ltd, Danny Sokari-George stated that the company was determined to deliver quality and affordable houses<\/a> with the best funding<\/a> options and cautioned staff member against frivolous spending to be able to acquire house with ease.<\/p>\n

George said he was committed to turning the NPL into a revenue generating Strategic Business Unit (SBU) of the NNPC.<\/p>\n

Also speaking at the event, officials of Access Bank and Infinity Trust Mortgage<\/a> Bank assured staff of friendly packages with low interest rates for property acquisition.<\/p>\n

Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NNPC tower Plans are underway by the Nigerian National Petroleum Corporation (NNPC) to invest its over … NNPC to invest N100billion unharnessed land in real estate<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8334,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1398,617,489,684,1384,1032,522,1432,1431,416,41,84,2878,857,15282,907,3053],"class_list":["post-8333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-developers","tag-house","tag-houses","tag-lagos","tag-lekk","tag-mortgage-bank","tag-nigeria","tag-petrol","tag-petroleum","tag-properties","tag-property","tag-real-estate","tag-real-estate-market","tag-real-estate-sector","tag-ross","tag-tenant","tag-tenants"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NNPC.jpg?fit=1280%2C720&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2958,"url":"https:\/\/amazingproperty.com.ng\/blog\/uk-reveal-property-accounts-houses-owned-nigerian-public-officials-soon\/","url_meta":{"origin":8333,"position":0},"title":"UK to reveal property, accounts, houses owned by Nigerian public officials soon","author":"Amazing Property","date":"April 4, 2017","format":false,"excerpt":"New York \u2013 The British Government will give the Federal Government information about Nigerians who own property in that country next year, a presidential aide has said. Prof. Bolaji Owosanoye, Executive Secretary, Presidential Advisory Committee against Corruption, said in New York that negotiations on this had reached advanced stage. Owosanoye\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nigerian properties","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/corruption4.jpg?fit=412%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1872,"url":"https:\/\/amazingproperty.com.ng\/blog\/developer-unveils-200-unit-goshen-garden-city-in-edo\/","url_meta":{"origin":8333,"position":1},"title":"Developer unveils 200-unit Goshen Garden City in Edo","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"Goshen Garden CityEfforts to propagate the concept of affordable housing could manifest early successes this year, if a new initiative being worked out by a private developer in Benin, Edo State is anything to go by. The new initiative is christened Goshen Garden City, and sits on 32 hectares of\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Goshen-Garden-City.jpg?fit=640%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Goshen-Garden-City.jpg?fit=640%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Goshen-Garden-City.jpg?fit=640%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4841,"url":"https:\/\/amazingproperty.com.ng\/blog\/chevron-nigeria-limiteds-committed-to-connecting-people-to-nature\/","url_meta":{"origin":8333,"position":2},"title":"Chevron Nigeria Limited\u2019s committed to connecting people to nature","author":"Amazing Property","date":"June 5, 2017","format":false,"excerpt":"According to him, CNL has in place a company-wide health, environment and safety guideline to ensure that its performance is world-class. \u201cIn Nigeria, our Operational Excellence obliges us to deliver industry-leading performance in process safety... It is a fact that some corporate bodies have made environmental stewardship part of their\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/chevron.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/chevron.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/chevron.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/chevron.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/chevron.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7439,"url":"https:\/\/amazingproperty.com.ng\/blog\/irep-to-boost-nigerias-property-market-assures-corporate-tenants-of-best-services\/","url_meta":{"origin":8333,"position":3},"title":"IREP to boost Nigeria\u2019s property market, assures corporate tenants of best services","author":"Amazing Property","date":"December 12, 2017","format":false,"excerpt":"By Kingsley Adegboye To promote global real estate as well as diversify the nation\u2019s economy particularly as the country exits economic recession, International Real Estate Partners, IREP, a reputable global real estate service firm, has launched into Nigeria\u2019s property market to offer end-to-end real estate solutions to corporate tenants across\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Estate 010.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/estate-010.jpg?fit=412%2C276&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11174,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-to-list-a-private-rental\/","url_meta":{"origin":8333,"position":4},"title":"How to list a private rental.","author":"Amazing Property","date":"November 22, 2022","format":false,"excerpt":"This is private rental and how to list a private rental. In many facets of modern life, there\u2019s now a do-it-yourself option and it\u2019s no different when it comes to managing a rental property. Australian Bureau of Statistics data shows about 33 per cent of property owners across the country\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"private rental","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/01\/private-rental-300x240-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":3203,"url":"https:\/\/amazingproperty.com.ng\/blog\/growth-in-online-real-estate-market-threatens-agents\/","url_meta":{"origin":8333,"position":5},"title":"Growth in online real estate market threatens agents","author":"Amazing Property","date":"April 10, 2017","format":false,"excerpt":"\u00a0 Real Estate Figures from online platforms are pointing to an increase in the number of owners and prospective tenants who are opting to sell their homes or rent property online without the use of an agent. The Guardian\u00a0learnt that the number of renters searching for property online platforms rose\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"real estate news","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Tips-for-Real-Estate-Content.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Tips-for-Real-Estate-Content.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Tips-for-Real-Estate-Content.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Tips-for-Real-Estate-Content.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Tips-for-Real-Estate-Content.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=8333"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/8334"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=8333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=8333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=8333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}