E-Business
Lamudi Controls 43% Total Nigeria Online Real Estate Listings
The real estate market in Nigeria went online some few years ago making the way people buy, sell and lease properties easier and faster.
Among the leading online platforms showed that Lamudi controls 43% of the total listening with 25, 291 out of total 58,342 listing as at the time of filing-n this report.
Various platforms offering diverse forms of services entered the market and with the advent of smart phones and the increasing number of smart phone users, the trend has been able to sustain its self.
Knowing what website service to subscribe to may be a bit challenging as each player in the field claims a top spot on the ladder.
Whether they deal on luxury, retail, industrial or commercial properties, there is always a struggle for the number one spot.
The leading solution providers to include, Lamudi.com.ng, ToLet.com.ng, Nigeriapropertycentre.com and Privateproperty.com.ng.
Lamudi Nigeria
Lamudi Nigeria’s leading real estate listings platform including residential, land and commercial property.
Their goal is to empower consumers with the most thorough information on the market and bring them in direct contact with the agents.
Presently, they have presence in 34 states in Nigeria including the northern part of the country. Lamudi Nigeria has a total number of 25,291 listings from these states.
With the number of listings of in each online platform, the days of visiting local real estate agent and going around viewing properties before making a choice is, obviously, over.
ToLet.com.ng
ToLet.com.ng is an online letting agency which started business fully in 2013.
The platform has a team defined by its eclectic mix of backgrounds which for them creates fresh perspective and drives their ability to attack problems in a new way.
They have done pretty well in this last year as they have 3,804 listings on their website.
Their properties cover Lagos mainland and Island.
Nigeria Property Centre
Nigeriapropertycentre.com is operated by Dilmak Solutions Ventures Limited, a privately held company in Nigeria.
According to their online profile, they have advertisers who are property professionals such as estate agents, letting (rental) agents and new homes developers who offer properties within Nigeria for property hunters.
Nigeria Property Centre has searches for all states in Nigeria and have an overall listing of 10,241 properties in Nigeria.
Private Property
Privateproperty.com.ng is a site passionate about property and technology. The owners allow listings for both private and selected agents.
Their vision is to Create Nigeria’s digital property Market Place. The online platform has properties for sale, rent, international properties and agent services.
Private Property covers some states in Nigeria such as Lagos, Abuja, Rivers, Ogun and oyo state. Together, there are about 19,006 listings on the website from these states.
All these websites have made it possible to do so from potential property owners or clients computer or mobile phone as websites like Lamudi Nigeria has its mobile application.
E-Business
Senate Passes Bill to Re-enact NIMC Act

The Senate has passed a bill, seeking to repeal and re-enact the National Identity Management Commission (NIMC) Act.
This followed adoption of report of Committee on National Identity Card and Population at plenary on Wednesday.
The report was presented by Senator Victor Umeh (LP-Anambra), chairman of the committee.
Senator Umeh in his presentation said the bill sought to provide for the establishment of a national identity database and the National Identity Management Commission.
According to him,the agency will be charged with responsibilities for maintenance of national database, the registration of individuals and the issuance of identity credentials.
He said the bill would lead to the creation of national identity database to source business biometric and empower NIMC to issue regulations and guidelines for implementation of the act and other related matters.
He said the bill sought to strengthen the legal framework of national and digital identity, hereby creating an optimal foundational identification ecosystem that fosters inclusion, universal coverage, and accessibility.
Senator Umeh said the act would establish a harmonious foundational identity system that is governed by a less restrictive, less cumbersome, non-discriminatory, non-punitive data protection, cost-effective, and compliance with global borders.
Senator Umeh said the bill, when passed into law, would address the challenges and limitations of national Identity management commission Act 2007, repeal it, and then close the gap of incomplete and inaccurate national identity database, provide efficient governance and service delivery.
He said the bill received overwhelming support from stakeholders at the public hearing due to the need to implement the long-awaited database system.
E-Business
World Bank Expresses Concern over Nigeria’s Poor Data, Statistics Quality

The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country lags behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil.
Mrs. Julie Osagie-Jacobs, director, Information and Public Relations, Ministry of Budget and Economic Planning, stated this in a statement after a courtesy visit to Senator Abubakar Bagudu, minister of Budget and Economic Planning, by a delegation from the World Bank led by Ndiame Diop, country director; and Mr Johan Mistiaen, practice mfor West and Central Africa, on Wednesday.
In his presentation titled “Next Level Statistics to Support Nigeria’s Reform and Growth Agenda,” Mistiaen stated that Nigeria’s statistical system was not on par with those of its developmental counterparts.
He advised that an annual investment of between $10m and $15m in the country’s statistical infrastructure would significantly improve performance and align Nigeria with its peers.
The statement read in part, “Earlier, Mr. Johan Mistiaen in his presentation on the next level statistics to support Nigeria’s reform and growth agenda, observed that the country’s statistical performance was not at par with its aspirational peers as Mexico, Colombia, South Africa and Brazil.
“He suggested that investing about $10-15m annually into the country’s statistical system can raise performance to that of its aspirational peers.”
Responding, Bagudu assured that the Federal Government would continue to guarantee the independence of the National Bureau of Statistics.
He commended the Bureau for consistently releasing credible and methodical data that have been relied upon by reputable international organisations.
The minister stressed that there would be no government interference in the operations of the NBS.
E-Business
FG Plans to Link Social Register to NIN for Humanitarian Crisis

Federal government has disclosed that efforts are ongoing to link the National Social Register (NSR) to the National Identity Numbers (NIN).
Prof. Nentawe Yilwatda, minister of Humanitarian Affairs and Poverty Reduction, explained that the linked data would assist the country to anticipate crises, mobilize resources faster, and ensure aid reaches those who need it the most.
He said harnessing data would save the country and relevant stakeholders the stress and bottlenecks of outdated processes.
He also identified bureaucratic crisis as the biggest crisis in the humanitarian space which stalls responses to humanitarian issues.
Speaking in Abuja on Tuesday at the National Humanitarian Roundtable programme, the minister said: “People are traumatized by climate change, security threats and economic shock across the country and in the midst of these, we have limited funding.
“The biggest crisis we have is not just the people being killed, the crisis we have is a bureaucratic crisis that does not respond to a humanitarian crisis. Every delay in decision making, every inefficiency in coordination, every shortfall in funding, costs the life of people.
“They say knowledge is power, but knowledge can be destructive too. It can only be power if we use it effectively. By leveraging data and technology, we can anticipate crises; we can mobilize resources faster and ensure aid reaches those who are in need the most and without the bottleneck of outdated processes.
“We are linking the social register to national identity numbers and geotagging all homes of those who are vulnerable across the country so that if there’s any crisis, we don’t need to begin to walk around communities and taking names and asking the States Emergency Management Agency and the National Emergency Management Agency (NEMA) for data.
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