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Chief Fabian Nwaora: The Visionary Behind Efab Properties Ltd and His Legacy in Nigerian Real Estate

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Chief Fabian Nwaora has become one of Nigeria’s most influential figures in property development, overseeing an empire of 15 ultramodern estates in the Federal Capital Territory (FCT) through his company, Efab Properties Ltd.

His journey began modestly, apprenticing under his elder brother to learn the trade of home-use electrical components. Driven by ambition and a vision for growth, he ventured to Kano and Sokoto before eventually relocating to Abuja. In Abuja, he purchased his first plot of land in Idu at a bargain price, where he built his home and began generating income from renting out quarters in his property. Observing the rapid return on his investments, Chief Nwaora expanded his portfolio, purchasing additional land, developing properties, and renting them out.

This expansion led to the founding of Efab Properties Ltd, which has since become synonymous with excellence in property development in the FCT. Through strategic investments and loans, Chief Nwaora acquired further lands, constructed residential buildings, and made properties available for both sale and rental.

In an effort to optimize costs and maintain high standards, he also launched a construction division within his company. This construction arm now handles the building projects for Efab Properties and provides services for other external projects, establishing Efab Properties as a self-sustained and versatile real estate company.

Beyond real estate, Chief Nwaora is also the owner of First Generation Mortgage Bank Ltd, which has awarded over 2,400 mortgage loans, empowering Nigerians to own homes and contributing to the nation’s housing sector.

Hailing from Akabu, Osumenyi in Nnewi South, Anambra State, Chief Nwaora is also a respected traditional leader, bearing the title “Chikeluba.” Over the past three decades, he has not only built some of the most sought-after estates in Abuja but has also created substantial employment opportunities and played a significant role in nation-building.

Chief Nwaora’s legacy in real estate stands as a testament to his vision and commitment to Nigeria’s development. Through Efab Properties Ltd and First Generation Mortgage Bank, he continues to shape the future of Nigeria’s real estate and banking sectors, leaving an indelible mark on the industry and his community.

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PRESIDENT TINUBU TO GOVERNORS: YOU ARE THE MOST IMPORTANT LINK TO NIGERIA’S DEVELOPMENT AND PROSPERITY

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President Bola Tinubu, on Wednesday in Lagos, emphasised the critical role of state governors in driving Nigeria’s development and prosperity, saying their leadership at the subnational level is central to achieving food security, economic prosperity and rapid national growth.

During a New Year homage by Vice President Kashim Shettima and members of the Nigeria Governors Forum (NGF) at his Ikoyi residence, the President expressed his gratitude for their support and collaboration while highlighting key areas requiring joint effort for the nation’s progress.

“You are the most important link to Nigeria’s prosperity and development. The Federal Government accounts for about 30 to 35 per cent of the allocated revenue; the rest comes to you. The agricultural value chain depends on you. You own the land, and the job is in your hands,” he said.

President Tinubu called for stronger collaboration between the federal and state governments to address pressing challenges, including local government…

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Nigeria Unveils Bold Plan for Sustainable Growth and Poverty Reduction

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In a landmark announcement, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has outlined Nigeria’s ambitious economic blueprint aimed at fostering sustainable growth and alleviating poverty. Central to this strategy is a proposed ₦50 trillion budget for 2025, underscored by strategic investments and transformative reforms.

Speaking during a stakeholder engagement session at the Ministry of Finance Auditorium in Abuja, Mr. Edun emphasized President Bola Ahmed Tinubu’s unwavering commitment to economic reform and inclusive growth. He highlighted the administration’s resolve to lift millions of Nigerians out of poverty through sound fiscal management and innovative initiatives.

Key Achievements and Targets

Among the notable achievements of the administration are subsidy reforms, which have stabilized Nigeria’s macroeconomic environment. These reforms have reduced the fiscal deficit to 4.4% and brought the debt service-to-revenue ratio down significantly from 149% in 2023 to 67%. Additionally, foreign reserves have experienced a marked increase, now…

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NCC in 2024: Putting Subscribers First and Driving Telecom Growth

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The Nigerian Communications Commission (NCC) has been a game-changer in 2024, reaffirming its commitment to Nigerian subscribers and the telecom industry. Addressing recent speculations about a tariff hike, the Commission has reassured Nigerians that they remain at the heart of its decisions.

This year, the NCC has taken bold steps to ensure that subscribers enjoy improved services and better protection. For instance, it mandated telecom providers to resolve customer complaints within 30 minutes at service centers, saving subscribers time and enhancing their overall experience.

The Commission has also been instrumental in expanding broadband access across the country. With its drive to achieve 70% broadband penetration by 2025, millions of Nigerians now have better access to affordable and reliable internet, creating opportunities for businesses, education, and social inclusion.

One of the standout achievements this year has been the NCC’s efforts to promote digital inclusion. Through partnerships and campaigns, the Commission has brought internet…

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Best Practices for Secure Cloud Infrastructure in Africa and the Global Digital Landscape

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As the world increasingly shifts towards digital transformation, organizations globally, including those in Africa, are rapidly adopting cloud technologies for their scalability, flexibility, and cost-effectiveness. While the cloud provides unmatched opportunities for innovation, it also introduces significant security challenges. Protecting sensitive data, maintaining compliance, and ensuring business continuity in the cloud have become top priorities for organizations operating across industries.

For businesses in Africa and beyond, implementing secure cloud infrastructures is crucial to mitigate the risks associated with cyber threats, data breaches, and system failures. As cloud adoption grows exponentially, it is essential that African organizations align their practices with global standards to safeguard digital assets and build trust with clients and stakeholders.

  1. Implement a Robust Identity and Access Management (IAM) System

Effective identity and access management (IAM) is the foundation of any secure cloud infrastructure. A robust IAM system ensures that only authorized users can access critical data and…

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Zoracom Hosts Successful Policy Sensitization Workshop

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Zoracom recently held a Policy Sensitization Workshop designed to strengthen staff understanding of the organization’s core policies and operational values. The event provided an in-depth overview of the company’s essential guidelines, equipping employees with the knowledge to align with Zoracom’s principles in their daily tasks.

The workshop emphasized the importance of adhering to policies as a foundation for delivering reliable and secure services to clients. This initiative reflects Zoracom’s unwavering commitment to excellence, particularly in the precise monitoring and management of its network infrastructure.

With a focus on professional growth and team alignment, the workshop underscored the company’s dedication to empowering its workforce to uphold its reputation for superior service delivery.

For businesses seeking to enhance their network infrastructure, Zoracom invites you to book a demo and experience the difference its expertise can make.

#Zoracom #PolicySensitization #ProfessionalDevelopment #TeamExcellence

 

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Yam Farming Trends in Nigeria: Regional Insights and Cultural Significance

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Yam, one of Africa’s most revered staple crops, continues to hold a central role in the agricultural and cultural fabric of Nigeria. The recently released General Household Survey (GHS) report from the National Bureau of Statistics (NBS) highlights the distribution of farming households engaged in yam cultivation across the country, revealing significant regional disparities in its production for the 2023/24 farming season.

Regional Analysis of Yam Farming

The report shows that the South East dominates yam farming activities in Nigeria, with 41.9% of households engaged in cultivation. This high percentage underscores the region’s historical and cultural ties to yam farming, particularly in Igbo land, where yam holds immense socio-cultural and economic significance.

The South West follows with 28.9%, reflecting its robust agricultural base and a growing interest in diversifying staple crop production. The South South region also records a strong showing, with 27% of households involved in yam farming, emphasizing its adaptability…

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Airtel Nigeria Spreads Festive Cheer with 10th Edition of “5 Days of Love”

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Airtel Nigeria has brought love and joy to communities nationwide with the successful conclusion of the 10th edition of its annual “5 Days of Love” initiative. The event, which spanned six states, reinforced Airtel’s commitment to giving back and spreading goodwill during the festive season.

This year, over 6,000 people across Lagos, Abuja, Borno, Enugu, Rivers, and Osun experienced the generosity of Airtel’s “Love train,” which made celebratory stops in each state. The initiative featured the distribution of hot meals and refreshing drinks to individuals and families, emphasizing the spirit of togetherness and care that defines the festive season.No alt text provided for this image

A Decade of Giving

Since its…

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Nigeria Needs Industrialists, Not Traders: Efe Obiomah Champions Economic Change

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“Nigeria doesn’t need more traders; it needs more industrialists,” says Efe Obiomah, a Marketing & PR Consultant and Trainer, as she reflects on the country’s economic challenges. Her call to action is not just a critique but a rallying cry for a shift in mindset and priorities.

Efe recalls a defining moment when she decided to leave an alumni WhatsApp group. The group was abuzz with conversations about a celebrity’s extravagant display of wealth at his mother’s funeral. While many applauded his success in supporting importers and traders, Efe took a different stance.

“I argued that Nigeria didn’t need more traders. We needed more Dangotes—people willing to build industries that could transform the economy. But my perspective wasn’t well received,”…

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