Make a strategic exit plan, invest at home, Adeyemo tells Nigerians in diaspora
A realtor and the CEO of Pelican Valley, Babatunde Adeyemo has called on Nigerians in the United Kingdom, United States and other parts of Europe to join hands with Nigerians at home to build the nation.
Adeyemo gave the advice separately on Sunday night while addressing the Nigerians in the UK during the Avenue Impact Business Networking and Winter Ball at the Crown Plaza Hotel, London.
The real estate boss advised the participants not to wait until they’ve attained the retirement age before making plans to relocate back home or establish investment ties with their fatherland.
Adeyemo told the Nigerians in diaspora that the time to make strategic exit plans and establish investment ties with home is now that many of them are still active or have few years ahead of their retirement age so that the process of relocation would be seamless, thorough and achievable when the period beckons on them.
The CEO of Pelican Valley Nigeria Limited, a foremost Nigerian real estate firm behind the Pelican Valley Estate Laderin, Abeokuta, Pelican Valley’s Brief Estate, Pelican’s Ecostay Apartments and Pelican Valley Green Acres Farm Estate – all at Kobape – Masa corridor of Ogun State spoke on the Investment opportunities in the real estate business back home at the well attended event by Nigerian professionals and government officials, including the Chairperson of the Diaspora Commission, Hon. Abike Dabiri – Erewa, the Mayor of Southwark London, Michael Shitu and Mr Smart Kemiki, the Director of Dominion Forever Limited.
Adeyemo who is a multi – award winning real estate practitioner, urged diasporas to make hay while the sun still shone or better still, take a bow when the ovation is heard loud, even as he said they could venture into the real estate industry with little or no funds by starting as realtors, earn commissions and grow to be like the Pelican Valley within the next 10 years.
He, however, identified capital, due diligence, development and value adding as well as goodwill as four basic necessities to be in place for one to succeed or excel in any venture, especially the real estate industry.
The ECOWAS Youth Ambassador and an Anti – Corruption Ambassador, explained that carrying out due diligence, for example, is very critical when buying any piece of land lest one falls into the hands of scammers and have one’s fingers burnt while the goodwill is essential to a successful marketing of real estate products.
According to him, if any of the diasporas follows those four key factors with a strategic exit plan long before retirement and possible relocation to Nigeria, the better the chances of success.
“As we have, japa so we have japada syndrome…infact, to japada syndrome is even more complex than to japa…if you don’t want to eventually become a mama londona or baba londona in future…they say, Ile ni abo sinmi oko …the time to start having an investment ties with your homeland is now…don’t ever procrastinate…the ovation will soon be loud and it will be in your best interest to take a bow when the ovation is loud,” he advised.
Adeyemo recalled with pride and satisfaction that he has been practicing real estate business for over 14 years without a single dispute or court case and without running to the police for any land dispute, warning investors to be mindful when they ‘see a real estate company doing aggressive marketing,’ they should know that something is chasing such a firm.
He noted that in Pelican Valley, they don’t call their prospects, having been convinced that real estate is value driven.
He said, “If you Google “the only estate with full government approval in.Ogun state now, you will definitely see what the Ogun State government said about our Estates…not only the Ogun State government but also private individuals and investors.
“Pelican Valley Estate has 100 percent positive reviews on Google….The values we add to our projects made our client’s ROI to move up by almost 300 percent in just one year.
“We launched Pelican Brief with a paltry sum of 685 just 3 years ago, today, Pelican-Brief is #5m per plot and it will be N7.5m per plot starting from next tomorrow which is the 5th of December.
“In that Estate, we have a 500 kva electric transformer, fully energized, 5 armed security guards, Camels and peacocks for tourist attractions…..less than 50 mins drive to.the.Lagos State governors office and 15 mins from the Ogun State governors office.
“We also have Pelican Valley estate, Laderin…we introduced that estate for just 800K per plot 9 years ago but today, the plot is N 25Million and it will be N30m next tomorrow…I live in that Estate with my family presently. These are lands we bought as low as 300K per plot about ten years ago.”
Earlier in his welcome address, the CEO of Avenue Impact Limited and Convener of the event, Mr. Funso Akinwunmi appreciated Honourable Abike Dabiri-Erewa for her presence, and lauded her for the dedication to fostering stronger ties between Nigerians in the diaspora and their homeland, adding that the establishment of the NIDCOM is a testament to the Nigerian government’s dedication to leveraging the diaspora’s vast human capital and material resources.
“We extend our encouragement to the government to proactively cultivate an environment that makes Nigeria a home and an attractive destination for those contemplating travel abroad. Our beloved Nigeria holds immense potential, and fostering an environment conducive to growth and prosperity will undoubtedly serve as a magnet for Nigerians at home and abroad.
“It is our collective responsibility to engage in nation-building actively, and a critical aspect of this endeavour involves addressing key areas that influence citizens’ decisions, including the desire to travel abroad. By investing in robust infrastructure and fortifying the economy, the government can instil confidence and pride in Nigerians, making them enthusiastic about contributing to the nation’s growth and development.
“We also urge the government to seize this opportunity to prioritise initiatives that enhance the appeal of Nigeria, both for its residents and those living abroad. A thriving and welcoming Nigeria will retain its talented citizens and attract the global Nigerian diaspora, fostering a collective effort towards building a stronger and more prosperous nation,” he said.
Akinwunmi also appreciated the CEO of Pelican Valley Nigeria Limited whom he described as a distinguished expert in property investment for gracing the business networking event and sharing his useful wisdom in the real estate business within the Nigerian context.
“Your wealth of knowledge and strategic vision have undoubtedly played a crucial role in the real estate sector, and we are privileged to have you share your wisdom with us,” he said.
