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Why Rayfield Gardens City Estate Ibadan is adopting Solar Power – Fendini Homes MD Reveals

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The MD/CEO of Fendini Homes, Prince Laja Adeoye, has disclosed the idea behind the adoption of solar energy to power the Rayfield Gardens City Estate in Ibadan.

Adeoye, the developer of Rayfield Gardens City Estate, Christopher Adebayo Alao Akala GRA, Wofun, Akobo Extension, Iwo Road, Lagelu Ibadan, explained this in an exclusive interview with Journalists in Ibadan, Oyo State capital.

According to him, he said that for any modern estate to function and to have near constant electricity, they must be able to provide residents with constant power, which has made Rayfield Gardens City to switch all the street light in the estate to 100% Solar power.

Laja further averred that, Fendini Homes is out to give their subscribers a whole new living experience, in a more serene environment, with modern Architectural smart home designs, and quality construction aimed at creating lasting impression for the subscribers.

He noted that Fendini aim is to ensure that at no point the Estate is in darkness, because they cannot control the government generated electricity but with Solar, their subscribers can be assured of effective Estate lighting at night, which will enhance liveliness, visibility and security of residents.

He said: “As you can see in our proof of concept, we have had street lightning on for the past one year in the Estate, as there is no night you come here to our Estate that you won’t see light.”

“In addition to perimeter fence lighting units in every homes, each of the houses will have solar light pole installed to them, to ensure that the entire Estate is well illuminated at every point in the night.”

“Renewable sustainable Energy is the game changer and for us, we are out to ensure that we provide all our residents with quality Infrastructures, such as solid paved roads, drainages, multi-layer power (Grid and Solar Power) and Security, treated water plants, fiber optics fast internet penetration/5G Network and smart homes automation technology.”

“We carefully and painstakingly designed each of the houses to have at least 10-20KVA of solar power installed on them, depending on energy needs of the residents, to phase out generators in order to achieve Zero Noise Estate.

“To us, the beautiful and esthetics environment matter so much to us, as there will be clean air, clean environment, flowers and Gardens.

“Again, we are also trying to achieve Zero noise, away from from fossil fuel powered Generator, which comes with carbon emissions, but Solar Lights on the Streets and those installed in each units of the houses will mitigate against air and noise pollution in the Estate.

“We are also going to have centralized treated water plants, which will be piped and metered to each units of the houses. All of these will be handled by the Facility Management department of the Estate, thereby creating good services and value to all the Subscribers.

Laja also briefly spoke about funding and investment opportunities of the project, and according to him, he said interested Sub-developers, who wants to invest to develop some of the units of the Estate are allowed to join as they already have a template for investors, who wants to do business with the company.

“We have designed a master plan, which fits for everyone who wants to do business with us, and interestingly, we have landed spaces in our commercial wing for those who wants to invest and build Standard Hotels, Primary and Secondary school, Office complex/ Banking Hall/Show Rooms, Amusement Park, Hospital/Pharmacy Complex, Conference Center, gym house and more.

“The idea is to have a one stop shop Estate, first of it’s kind in Oyo State, where you can simply walk into Shopping Complex in the Estate to buy groceries, visit gym to exercise your body for fitness, take your kids to school without hassles, host your friends in the Hotels, or take your kids to amusement park for holidaying, he said.

Development of Rayfield Gardens City Estate, which situated at Christopher Adebayo Alao Akala GRA Ibadan is a Public Private Partnership (PPP) initiative between Oyo State Government and Fendini Limited, to provide about 400 housing units to residents and interested prospective home buyers across the world.

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Beyond GDP, UNCTAD to launch new economic indicators for measuring countries prosperity

Accordingly , a High-Level Expert Group on Beyond GDP, mandated by the UN’s landmark Pact for the Future has been tasked with developing recommendations for a set of universally relevant indicators that countries can own and use to guide policy.

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Photo: UNCTAD Secretary-General Rebeca Grynspan. Credit: UNCTAD

UN Trade and Development (UNCTAD) says a new metrics for measuring countries progress beyond GDP, will be launched during the upcoming UN General Assembly in the spring of 2026.

Accordingly , a High-Level Expert Group on Beyond GDP, mandated by the UN’s landmark Pact for the Future has been tasked with developing recommendations for a set of universally relevant indicators that countries can own and use to guide policy.

UNCTAD serves as co-secretariat to the “Beyond GDP” expert group, alongside other entities including the Executive Office of the UN Secretary-General, the UN Department of Economic and Social Affairs and the UN Development Programme.

This initiative stems from the urgent need for measures of progress that enable more balanced and integrated pursuit of sustainable development.

GDP does not capture progress in well-being, equity, inclusiveness or sustainability – and it was designed as a measure of economic activity.

“Our approach will emphasize how better well-being and its drivers, such as health, social capital and the quality of the environment, are not only good for societal welfare but also contribute in an integral way to economic prosperity,” the interim report argues.

The “Beyond GDP” agenda, increasingly gaining traction among UN member countries, is about complementing traditional economic measures, rather than replacing them.

To do so, five principles are important.

First, countries need to look at more than GDP to gauge material well-being more accurately.Second, it takes more than income to capture all aspects of well-being.

Third, when addressing inequality and exclusion it’s necessary to look beyond average figures.

Fourth, the need to think in the long term, to ensure economic, environmental, social and institutional sustainability for future generations.

In addition, well-being is interconnected across countries in today’s world.

This makes cooperation all the more crucial, in setting global norms of measurement, unlimited to specific countries or regions.

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Flutterwave buys Mono for $40 million

Under the deal, Mono will continue to operate as an independent product, with no changes to its leadership or operations.

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• Flutterwave Nigeria HQ, Lagos

Flutterwave, Africa’s largest fintech company, has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million.

The acquisition brings together two major fintech infrastructure players as Flutterwave looks to strengthen its payments stack with open banking, data, and identity capabilities.

Under the deal, Mono will continue to operate as an independent product, with no changes to its leadership or operations.

The transaction allows Mono’s investors to at least recoup their capital, with some early backers reportedly recording returns of up to 20x.

(Nairametrics)

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Venezuela: Crude prices edge lower following Maduro’s overthrow

CNBC reports that U.S. crude oil fell 31 cents, or 0.54%, to $57.01 per barrel. Global benchmark Brent fell 22 cents, or 0.36%, to $60.53 per barrel.

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• An oil-themed mural in Caracas, Venezuela

Crude oil prices edged lower Sunday, as the overthrow of President Nicolas Maduro by the Trump administration has cast deep uncertainty over oil-rich Venezuela.

Venezuela, a founding member of OPEC, sits on the largest proven crude oil reserves in the world at 303 billion barrels or about 17% of the global total, according to the U.S. Energy Information Administration.

CNBC reports that U.S. crude oil fell 31 cents, or 0.54%, to $57.01 per barrel. Global benchmark Brent fell 22 cents, or 0.36%, to $60.53 per barrel.

President Donald Trump made it clear Saturday that U.S. investment in Venezuela’s oil sector is a key objective of the regime change operation that ousted Maduro.

“We’re going to have our huge United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure,” Trump said in a press conference from his Mar-a-Lago residence in Palm Beach, Florida.

The president said Saturday that the U.S. embargo of Venezuelan oil remains in place.

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