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Sanwo-Olu commissions 480 housing units, says 35,000 jobs created in housing sector



By Moses Adeniyi

Lagos State Governor, on Thursday commissioned a 480 Housing Unit of LagosHOMS at Ibeshe, Ikorodu, Lagos, disclosing that the construction of various housing estates by the State Government has created no less than 35,000 direct and indirect jobs in the housing sector

On the breakdown, the Governor, who also performed the Ground Breaking Ceremony of LagosHOMS Ibeshe Phase 11, said that his administration has created 17,000 direct jobs and 18,000 indirect jobs through the construction work in various housing  schemes.

“In terms of job creation, through the construction work in our various housing schemes, the State has been able to create 17,000 direct economic  engagements for consultants, contractors and artisans in the State. Other forms of indirect economic activities in form of food vending at sites, transportation for work gangs and other related  undertakings also amounts to 18000 indirect job for the informal sector,” he said.

Recall that the development is coming barely five weeks when the State commissioned an Estate of 100 homes constructed through joint venture  in Lekki.

The 480 Units Ibeshe Housing Estate (Phase 1) renamed as B.O. Benson Housing Estate, Ikorodu is sited on a 15 Hectares Land Area comprising, 40 Blocks (480 home Units). It consists of flats ranging from one, two and three Bedroom Flats fortified with  Fully fitted kitchen, Store, Guest’s Toilet, Ample Car parks. Also Water Treatment Plant Overhead Water Tanks, Borehole. Pump House, Central Sewage System, seven New Transformers, one injection Station, two Refuse Houses, Community Hall.

Speaking while unveiling the new set of 480 homes delivered through direct budgetary allocation, Sanwo-Olu said  the housing projects have further joined other schemes to effect direct economic  engagements for consultants, contractors and artisans in the State.

According to him, the effort of the Administration was borne by the need to bridge the huge housing deficits in the State, while enhancing the quality of life and human living standards in the State.

The Governor hinted that provision of housing remains one of the mandate of his administration as encapsulated in the THEMES Agenda policy thrust, adding that the commissioning ceremony was a clear testimony and indication of fulfilment of electoral promises.

The Governor said, “I wish to say that in the past two and half years, we have been earnestly addressing the huge housing deficit in the State. It is important to note that the gap in supply and demand of homes is not peculiar to Lagos State.

“Accommodation deficit is a challenge associated with all urban cities in the world. The situation in Lagos is however challenging because of the population growth rate of the State. The massive migration of people from all over the federation to Lagos State places a great pressure on the available housing facilities.

“In order to cope with this trend, the State Government regards it as a duty to keep on building more homes to take care of the increasing housing needs of its residents.

“In utilizing these two strategies of partnership with the private sector and budgetary allocation, we have been able to deliver 13 major housing schemes all over the State.”

Governor Sanwo-Olu who said works remain ongoing in a number of housing construction sites across the State, adding that three schemes are virtually ready and awaiting commissioning at Sangotedo, Odo-Onosa Ayandelu, and Agbowa.

He assured that by the time his administration is marking the third anniversary, no less than 7,000 homes would have been delivered to the people, adding that the state government is also embarking on partnership with private sector to provide more housing needs of the people.

Stressing that the provision of more housing facilities in urban, suburban and rural areas is part of his administration’s T.H.E.M.E.S agenda, he said housing falls under the Pillar M-making Lagos a 21st Century Economy, he said that the state government is focusing on the sector as a driving factor for economic development, social inclusion and job creation.

Sanwo-Olu disclosed that the Phase II of the Ibeshe Housing scheme  will yield a total of 192 two bedroom flats with supporting infrastructure which will include a network of roads, drainage system, car park, electricity and water reticulation system.

On his part, the State’s Commissioner for Housing, Hon. Moruf Akinderu-Fatai, said the commissioning ceremony  shows, beyond all doubt, the readiness of the present administration to drive with great vigor, an all-round development of the State.

The Commissioner assured that with the 480 new homes of various categories, the socio-economic indices of the area are bound to improve.

“May I also recall that recently the Governor was also at Lekki to commission the Bayview Estate, a housing scheme which was constructed through joint venture/partnership with private developers.

“The fact that he is here again today (yesterday) to release to the good people of the State another housing scheme while conducting the commencement of another scheme is a signal that the development of the State of Excellence is a continuous work,” the Commissioner said.

He said the State Government has been working on the completion of all the housing schemes initiated but left unfinished by previous administrations in the state.

The newly commissioned scheme  is situated opposite Nichemtex factory, Ibeshe Road, Igbogbo – Baiyeku LCDA, on a land area of 15 hectares.

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NewsDirect at 13: Our commitment to press freedom, accurate news relentless — ED



The Executive Director and Manager for Business Development and Strategic Partnerships for Nigerian NewsDirect, Mr Mathew Ibiyemi has reiterated the commitment of the media house to advocating for increased press freedom and promotion of accurate news.

In a press statement issued on behalf of the company on the occasion of its 13th Anniversary, Mr Mathew acknowledged that the newspaper industry in Nigeria and globally is going through very challenging times.

He noted that the challenges may be enormous but they are not insurmountable.

The NewsDirect ED explained that the challenges will not make the company compromise on the truth but will instead further its resolve to continuously provide accurate and insightful news from source.

Mr Mathew also seized the occasion to thank readers and partners of the brand who have ceaselessly contributed to the newspaper’s continuous publication on news-stand.

Nigerian NewsDirect is slated to host an anniversary dinner in Lagos today to celebrate the milestone age and also interact with its partners.

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Tinubu seeks N’Assembly approval for fresh $8.7bn, 100m loans



…To defend 2024 budget, borrowing plan at joint plenary session

Nigeria’s President, Asiwaju Bola Ahmed Tinubu has again sought the approval of the National Assembly for fresh loans to the tune of $8.7billion and €100 million.

In a letter to the House of Representatives, the President said the loans were intended to fund projects which cut across sectors, particularly infrastructure, agriculture, health, education, water supply, roads, security, and employment generation as well as financial management. among others.

The letter read, “I write with reference to above subject matter and to submit the attached Federal Government 2022-2024 external borrowing rolling plan for consideration and approval of the National Assembly to ensure optimum implementation of the budget.

“The Honourable members may wish to know that the past administration approved the 2022-2024 borrowing plan at the Federal Executive Council held on 15 May, 2023.

“Following the removal of the fuel subsidy and its attendant impact on our economy, African Development Bank and the World bank group have indicated interest in assisting the country to mitigate the impact with the sum of one billion USD and 1.5 billion USD respectively; in addition to the FEC approved 2022-2024 external abridged borrowing plan.

“Consequently, the required approval is in the sum of 8,699,168,559 USD, and 100 million Euros.

“I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on positive technical economic evaluation as well as the expected contribution to the socio-economic development of the country including employment generation, skills acquisition, support towards the emergence of young entrepreneurs, poverty reduction and food security to improve the livelihood in all 36 states and the FCT.

“Considering the huge infrastructure deficit in the country and the enormous financial resources required to bridge the gap in funding infrastructure in the face of dwindling financial resources, it has become imperative that we resort to prudent external borrowing to bridge the financial gap which will be largely be applied to key infrastructure projects including power, railway, health among others.

“Given the nature of these facilities and the need to return the country to normalcy, it has become necessary to request the House of Representatives to consider and approve the 2022-2024 external abridged borrowing plan to enable the government deliver its responsibilities to Nigerians through expedient disbursement and efficient project implementation.

“I hereby forward the proposed 2022-2024 external borrowing plan and trust that it would receive judicious consideration and passage of the House of Representatives,” the letter read.

The President also wrote to the Senate. The letter by the President was read by the Senate President, Godswill Akpabio, at the plenary on Tuesday.

The letter read, “I write in respect of the above subject and to submit the attached Federal Government 2022-2024 external borrowing plan for consideration and early approval of the National Assembly to ensure prompt implementation of the projects.

“The Senate may wish to note that the past administration approved a 2022-2024 borrowing plan by the Federal Executive Council held on May 15, 2023.

“The project cuts across all sectors, with specific emphasis on infrastructure, agriculture, health, water supply, roads, security, and employment generation as well as financial management reforms.”

It added, “Consequently, the required approval is in the sum of $8,699,168,559 and €100 million.I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, and skills acquisition.

“Given the nature of these facilities, and the need to return the country to normalcy it has become necessary for the senate to consider and approve the 2022-2024 external abridged borrowing plan to enable the government deliver its responsibility to Nigerians.”

The President is expected to defend the borrowing plan and the 2024 budget in a joint plenary session today which the National Assembly granted.

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Rivers Guber poll: Fubara emerges victorious at Appeal court



Governor of Rivers State, Siminalayi Fubara has emerged victorious in an appeal challenging his electoral victory in the 2023 General elections.

Fubara’s victory was further ascertained by a judgement of the Appeal court sitting in Lagos yesterday.

The Court, in a unanimous decision, affirmed the judgment of the election tribunal, dismissing four separate appeals filed by Tonye Cole of All Progressives Congress (APC), Beatrice Itubo of the Labour Party (LP), Innocent Ekwu of the Allied People’s Movement (APM), and Lulu Briggs Dumo of the Accord Party.

The court held that all the appellants failed to prove the allegation of non-compliance with the Electoral Act.

Recall that the Rivers State Governorship Election Petition Tribunal had in October dismissed the petition of the APC Candidate challenging the election of Fubara as the governor of the state.

The APC candidate, who was present in the courtroom on Tuesday urged the court to direct the Independent National Electoral Commission (INEC) to declare him the winner of the March governorship election in Rivers.

The election tribunal in Rivers state had dismissed the petition saying that the APC that sponsored Cole had withdrawn the petition against Fubara’s victory.

Not satisfied with the Tribunal’s victory, the APC candidate approached the appellate court. However, the court on Tuesday affirmed the Tribunal ruling which earlier upheld Fubara’s electoral victory in October.

Justice Ridwan Maiwada Abdullahi (absent), Justice Olabode Adegbehingbe and Justice Bature Isa Gafa, held that the fact that APC ceased to be a party to the case did not make Cole’s petition invalid. The judges concluded that the Tribunal was in error to have struck out that item of the petition.

“A political party cannot compel a candidate to withdraw a petition neither can a candidate compel the party to withdraw,” Justice Adegbehingbe ruled.

However, on the other grounds, the court held that the appellants’ evidence were inadequate in proving the allegations of over-voting, disenfranchisement and other alleged irregularities.

The grounds bordering on fraud and whether Fubara was qualified to have contested the election were struck out based on unconvincing evidence. Cole cited allegations of irregularities and Fubara’s continued signing of documents as the State’s Accountant-General after his PDP nomination.

In his immediate reaction, Cole said the appellate court’s judgment has given him and his legal team a greenlight, and that will determine their next line of action.

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