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FG To Build 300,000 Low Cost Houses

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Kemi-adeosun14

The Ministry of Finance has adopted a housing finance initiative that would culminate into the construction of approximately 300, 000 affordable homes to be  supported by mortgages.

Minister of Finance, Mrs Kemi Adeosun has disclosed this in Abuja on Thursday at an African Union for Housing Finance (AUHF) conference. The conference themed: ‘Housing and Africa’s Growth Agenda’ was in collaboration with Nigerian Mortgage Refinance Company (NMRC).

Adeosun also revealed that the building project would provide about 700, 000 new jobs across a range of disciplines and professions.

Speaking on the topic, “Nigeria’s Mortgage Market and Opportunities for Growth’, she emphasised that foreclosure law and expedited legal process for dispute resolution was needed to support the development of mortgage markets in Nigeria.

The minister who was represented by Mr Seye Senfuye also harped on the need for monetary policies to support low interest rate as a means of boosting activities in the mortgage market adding that federal government is committed to thrashing down the current high interest rate.

She said that single digit interest rates are critical to ensuring the affordability of mortgages saying that long tenure repayment period is essential in acquiring mortgage loans.

According to her, ”Nigeria deserve to acquire affordable homes, built to a standard of good quality and located in well serviced estates that will create ideal environments in which they can raise their families instead of being saddled with the challenges and risks of trying to build their homes organically.

Also present in the conference was the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi (Ojaja II), who in his address lamented the acute shortage of housing market in Africa, saying that housing is one of the necessities of mankind.

He wondered why the continent is unable to embark on initiatives that would lead to mass manufacturing of homes instead of building few homes.

The Ooni lamented that Nigeria’s housing deficit was beyond 17 million saying that he was closer to people at the grassroots who are challenged by accessing affordable homes.

He enjoined stakeholders to redirect their energy on solution and relevance of Nigerian culture to any policy formulation of the government that would lead to provision of affordable homes.

Where are the research institutes and non-governmental organisations that were carrying out research on how our forefathers provided homes for themselves before the advent of bricks and mortar system”, he inquired.

He called on governments to invest idle funds into the mortgage market as a means of reducing the cost of housing.

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Lagos Govt Relaxes Curfew From 10pm To 6am

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Lagos Govt Relaxes Curfew From 10pm To 6am
BREAKING: Curfew Now 10pm To 6am In Lagos -Govt

Babajide Sanwo-Olu

The Lagos State Government has announced a further relaxation of the curfew imposed after the hijack of the peaceful #EndSARS protests.

Lagos State information commissioner Gbenga Omotosho announced the new decision on Friday.

He said the curfew will now be from 10:00 pm till 6:00 am.

Also Read: Wike Ordered Police, Army To Kill IPOB Members, Nnamdi Kanu Alleges

“Governor Babajide Sanwo-Olu praises Lagosians for observing the curfew, which is expected to restore normalcy in our communities,” Omotosho said.

The statement read, “The Lagos State Government has announced a further relaxation of the curfew imposed after the breakdown of law and order, following the hijack of the peaceful #EndSARS protests.

“The curfew will now be from 10 pm till 6 am.

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Wike Ordered Police, Army To Kill IPOB Members, Nnamdi Kanu Alleges

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Wike Ordered Police, Army To Kill IPOB Members, Nnamdi Kanu Alleges

Governor Nyesom Wike makes U-turn, joins #EndSARS protesters in Rivers state (video)

Nnamdi Kanu, leader of the proscribed group, Independent People of Biafra (IPOB) has accused Rivers State Governor, Nyesom Wike of ordering police and soldiers to kill members of the group.

Recall that Wike had signed an executive order to reinforce the total ban on IPOB and its activities in Rivers State.

Also Read: Wike Signs Executive Order Proscribing IPOB, Lifts Curfew

Reacting in a tweet on Friday, Kanu accused the Governor of sponsoring state security to execute IPOB members.

“Nyesom Wike, the little Hitler of Rivers State had a closed-door meeting with lawyers where he instructed them that any arrested IPOB member should not be brought to court but rather should be executed by the army & police.”

He wrote:

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Buhari Approves Emaimo’s Re-Appointment

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Nigerians Reacts As FG Considers Giving Electricity To Chad
Buhari Approves Emaimo’s Re-Appointment

Muhammadu Buhari

President Muhammadu Buhari has approved the reappointment of Dr. John Emaimo, as Rector, Federal College of Dental Technology and Therapy, Enugu State.

The appointment was made known in a letter signed by the Minister of State for Health, Olorunnimbe Mamora on behalf of President Buhari.

Dr. Emaimo’s re-appointment takes effect from Nov. 27, 2020.

Also Read: Nigeria’s Economy Too Fragile For Fresh Lockdown —Buhari

Speaking on the re-appointment, Mamora stated that Emaimo was found eligible for a second term based on his assessment.

The minister urged Emaimo to continue to work with his team because whatever achievements he had made in his first term could not have been done alone.

He reminded him of the enormous responsibilities of his office and the expectations of the government and people towards efficient service delivery.

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