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Tejuosho Market
Tejuosho Market is an ultramodern market located along the Ojuelegba-Itire Road in Yaba, Lagos, Lagos State, Nigeria. The market which is divided into two phases (Phase I and Phase II) contains about 2,383 lock-up shops in a sprawling four-storey building and about 1,251 K-clamps units, banking spaces, 14 food court spaces, eight lifts, two escalators connecting the four floors, 600 parking lots and basic facilities like stable electricity and water supply, equipped fire station, two rams to assist the physically challenged and a crèche. Some years after a fire incident that destroyed most part of the market, the Lagos State Government, Stormberg Engineering Limited, and First Bank of Nigeria in a public-private partnership reconstructed the market into a mega shopping plaza as part of plans to turn Lagos into a "Mega City". Criticism Tejuosho market was a middle class conventional market where commodities were sold at a cut-price. The hike in price of stalls after the marke ...
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MORNING MARKET
Morning is the period from sunrise to noon. There are no exact times for when morning begins (also true of evening and night) because it can vary according to one's lifestyle and the hours of daylight at each time of year. However, morning strictly ends at noon, which is when afternoon starts. Morning can also be defined as starting from midnight to noon. Morning precedes afternoon, evening, and night in the sequence of a day. Originally, the term referred to sunrise. Etymology The Modern English words "morning" and "tomorrow" began in Middle English as , developing into , then , and eventually . English, unlike some other languages, has separate terms for "morning" and "tomorrow", despite their common root. Other languages, like Dutch, Scots and German, may use a single wordto signify both "morning" and "tomorrow". Significance Greeting Some languages that use the time of day in greeting have a special greeting for morning, such as the English good morning. The appropri ...
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Ojuelegba, Lagos
Ojuelegba is a suburb in Surulere local government area of Lagos State. Known for its crowded setting as depicted in Fela's 1975 ''Confusion'' album, Ojuelegba is regarded as one of the busiest places in Lagos. Structural composition Ojuelegba is one of the key transport modes of Lagos, connecting the city's Mainland with the Island. It also serves as a connecting point for people who commute the three surrounding districts of Yaba, Mushin and Surulere. Life in Ojuelegba has been depicted in several musical works, including Fela's ''Confusion'' album, Wizkid's " Ojuelegba" single and Oritse Femi's "Double Wahala" single. Night life In the 80s and 90s, Ojuelebga was known for its boisterous night life, connecting revelers to Fela Kuti's Moshalashi Shrine on Agege Motor Road and to the red light district starting in Ayilara street through to parts of Clegg Street. Mini Gallery Ojuelegba Bridge view, Ojuelegba, Lagos.jpg Ojuelegba bridge.jpg Ojuelegba Link Bridge from Ikorodu ...
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Yaba, Lagos
Yaba is a suburb located on Lagos Mainland, Lagos in Lagos State, Nigeria. There are several federal government institutions in the area, which include Queen's College, the Nigerian Institute of Medical Research, the Yaba College of Technology, Igbobi College, the University of Lagos, the Federal Science and Technical College, and the Federal College of Education (Technical) Akoka. Yaba has one of the busiest market sites in Lagos, known as Tejuosho Market. The old Tejuosho market was demolished in 2008 and rebuilt into a modern shopping complex by the end of 2014. Directly opposite the Yaba market is a psychiatric hospital popularly known by many Lagosians as Yaba Left. Yaba is one of the go-to places for technology renaissance in Africa, with tech startups such as Hotels.ng, Andela, Cc-Hub and many others with a positive impact on the economy. The redevelopment of the Tejuosho Market, which was undertaken as part of the Lagos Megacity Project, has transformed it into a m ...
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Lagos State
Lagos State ( yo, Ìpínlẹ̀ Èkó) is a state in southwestern Nigeria. Of the 36 states, it is both the most populous and smallest in area. Bounded to the south by the Bight of Benin and to the west by the international border with Benin Republic, Lagos State borders Ogun State to the east and north making it the only Nigerian state to border only one other state. Named for the city of Lagos—the most populous city in Africa—the state was formed from the Western Region and the former Federal Capital Territory on 27 May 1967. Geographically, Lagos State is dominated by bodies of water with nearly a quarter of the state's area being lagoons, creeks, and rivers. The largest of these bodies are the Lagos and Lekki lagoons in the state's interior with the Ogun and Osun rivers flowing into them. Many other rivers and creeks flow throughout the state and serve as vital means of transportation for people and goods. On land, non-urbanized areas are within the tropical N ...
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Storey
A storey (British English) or story (American English) is any level part of a building with a floor that could be used by people (for living, work, storage, recreation, etc.). Plurals for the word are ''storeys'' (UK) and ''stories'' (US). The terms ''floor'', ''level'', or ''deck'' are used in similar ways, except that it is usual to speak of a "16-''storey'' building", but "the 16th ''floor''". The floor at ground or street level is called the "ground floor" (i.e. it needs no number; the floor below it is called "basement", and the floor above it is called "first") in many regions. However, in some regions, like the U.S., ''ground floor'' is synonymous with ''first floor'', leading to differing numberings of floors, depending on region – even between different national varieties of English. The words ''storey'' and ''floor'' normally exclude levels of the building that are not covered by a roof, such as the terrace on the rooftops of many buildings. Nevertheless, a flat r ...
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Lagos State Government
Lagos State Government is the government of Lagos State, concerned with the administration of the state ministries. The government consists of the executive, legislative and Judiciary. The government is headed by the Governor who is the policy-maker and often assisted by the commissioners and other civil servants of the state. Office of the Governor The Office of the Governor was created along with the creation of the state in 1967. It is currently headed by Babajide Sanwo-Olu, who is the fifteenth Governor of the State. This office is responsible for the effective coordination of all government activities for the good of the people of the State. The state vision is "Making Lagos Africa's Model Mega City And Global Economic and Financial Hub", and the state policy thrust is "Poverty Eradication and Sustainable Economic Growth through Infrastructure Renewal and Development." Judiciary The Judiciary is one of the three co-equal arms of the Lagos State Government. It is concerned w ...
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First Bank Of Nigeria
First Bank of Nigeria Limited is a Nigerian multinational bank and financial services company in Lagos, Nigeria. It is the premier bank in West Africa. The First Bank of Nigeria Limited operates as a parent company, with the subsidiaries 'FBN Bank' in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal; FBN Bank UK Limited in the United Kingdom with a branch in Paris; First Bank Representative Office in Beijing to capture trade-related business between geographies. First Bank also operates First Pension Custodian Nigeria Limited, Nigeria's foremost pension custodian. The teeming customers of the First Bank Group are serviced from a network of over 700 business locations across Africa. To promote financial inclusion and reach the unbanked, First Bank has an extensive Agent Banking network, with over 53,000 locations across Nigeria. The Bank specializes in retail banking and has the largest client base in West Africa, with over 18 million customers. For e ...
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Middle Class
The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. The term has historically been associated with modernity, capitalism and political debate. Common definitions for the middle class range from the middle fifth of individuals on a nation's income ladder, to everyone but the poorest and wealthiest 20%. Theories like "Paradox of Interest" use decile groups and wealth distribution data to determine the size and wealth share of the middle class. From a Marxist standpoint, middle class initially referred to the ' bourgeoisie,' as distinct from nobility. With the development of capitalist societies and further inclusion of the bourgeoisie into the ruling class, middle class has been more closely identified by Marxist scholars with the term 'petite bourgeoisie.' There has been significant global middle-class growth over time. In February 2009, ''The Economist'' asserted that over half of ...
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Cost Reduction
Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or products, the strategies can vary. Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project or the construction of a building. Companies typically launch a new product without focusing too much on cost. Cost becomes more important when competition increases and price becomes a differentiator in the market. The importance of cost reduction in relation to other strategic business goals is often debated. Cost reduction strategies * Supplier consolidation: see examples in the aerospace manufacturing industry * Component consolidation * Low-cost country sourcing * Request for quotations (RFQ) * Supplier cost breakdown analysis * Function cost analysis / Value analysis / Value engineering * Design for manufacture / ...
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Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be ...
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List Of Markets In Lagos
Markets in Lagos, Nigeria, offer a broad and diverse range of new, second-hand goods, products and merchandise for consumers. Notable markets in Lagos include: *( Agbalata market badagry lagos ) * Alaba international market * Ajah Market * Aratumi Market * Balogun Market, Lagos Island * Bar Beach Market * Computer Village * Èbúté Èrò Market, Lagos Island * Epe Fish Market * Iyana-Iba Market * Ikotun Market * Idumota Market * Ita Faji Market * Isale Eko Market, Lagos Island * Jankarra Market, Lagos Island * Ladipo Market * Lekki Market * Agboju Market * Daleko Market * Morocco I and II markets * Mushin market * Oyingbo Market * Mile 12 Market *Oniru New Market * Fespar market * Oshodi Market * Rauf Aregbesola Market * Téjúoshó Market * Sangotedo Market * Ajuwe Market * Jakande Market * Akodo Market, Epe * Boundary Seafood Market * Apongbo Market (household and souvenirs) * Liverpool Crayfish Market * Arena Market * Cele Market * Ijesha Market, Ijeshatedo * Stat ...
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