Connect with us

Top Story

Social housing scheme: FG, cement manufacturers agree on discount –Social housing scheme: FG, cement manufacturers agree on discount –Osinbajo

Published

on

Vice President Yemi Osinbajo has said the Federal Government and cement manufacturers had agreed on a discount for the government’s Social Housing Scheme, being implemented under the Economic Sustainability Plan (ESP).

“They have agreed to give cement for this project at considerable discount, which is a very helpful thing to do, and we really commend and thank them for the contributions they are making. It is a very patriotic thing on their part. They also see the importance of this Mass Housing Programme,” he said.

A statement on Sunday, in Abuja, issued by Osinbajo’s spokesman, Laolu Akande, quoted the vice president as saying that the discount was part of Federal Government’s determination to ensure the success of the scheme meant  for low-income earners.

Osinbajo, who was visiting completed units of the model houses at  Dei Dei, a Federal Capital Territory suburb, observed that it is possible to deliver decent and affordable accommodation that would  be within the reach of many Nigerians.

After inspecting the prototypes of the one-bedroom  and two-bedroom bungalows, Osinbajo expressed satisfaction with the quality of the design and the fact that the houses were very affordable.

According to him, on the average, anyone earning N30,000 a month and was ready to spend a third of that amount, would be able to afford one of these houses, that is the plan.

“From what I have seen so far, there is a one-bedroom unit and there is a two-bedroom unit, both coming under N2 million. I think that this is a very good thing indeed. And a point has been made that it is possible to build good, decent accommodation that isn’t out of the reach of practically everyone.

“We are hoping that we will be able to replicate this not just in Abuja but all over the country.  So far, the Family Homes Fund is in 11 States, and they have given up land for the project.

“We are hoping that this year, we will be able to very rapidly improve the scale and speed of putting these houses in place.

“Once we are able to get moving quickly, we think we can make available several thousands of houses across the country and more people can afford to live in such houses”, the vice president said.

The vice president noted that the job creation component of the ESP would also be actualised through the Social Housing Scheme, as there were young men and women, who are builders, architects, civil engineers, working on the project.

“We are hoping that a lot of the building materials will be locally fabricated, especially the windows, doors and other components of the houses,” he said.

The social housing schemeis an important aspect of the plan by the Federal Government to address the nation’s housing needs and it entails building thousands of low-cost houses, creating jobs and wealth for youths that will be engaged in the construction of the houses.

Under the ESP, the Federal Government mandated the Central Bank of Nigeria  to provide financing for the housing scheme and already a first tranche of N200 billion had been approved as the first tranche already.

There would also be a “Rent-to-Own” option as part of the administration’s resolve to impact the common man, in the social housing plan that had been earmarked to generate 1.8 million  jobs and deliver 1.5 million houses Nigerian families.

The implementing agency, Family Homes Fund (FHF) Limited, an agency under the Federal Ministry of Finance, had already mobilised thousands of Cooperative groups across the country to participate in the scheme.

Individuals would also be eligible for participation in the scheme, by applying through the portal: www.nshp.gov.ng.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Story

FG terminates road contracts over alleged non-performance

Published

on

By Matthew Denis

The Federal Ministry of Works has terminated contract numbers 6,136, 6,137 and 6,138 with Mothercat Ltd, Dantata & Sawoe Construction Ltd and RCC Ltd, respectively.

The projects affected by the termination are the dualisation of Obajana – Benin road, section II (Okene – Auchi) in Kogi/Edo State; the dualisation of Obajana – Benin road, section III (Auchi – Ehor) in Edo State and the dualisation of Obajana – Benin road section IV (Ehor – Benin) in Edo State.

This was contained in a statement released by Orji Uchenna Orji, Special Adviser (Media) to the Minister of Works on Monday.

According to the government, the termination became necessary in view of the alleged inordinate delay by the affected companies in job performance and their failure, neglect and refusal to fulfil their contractual obligations as required by the Standard Conditions of Contract.

Orji stated that this had affected the timely completion of the projects and thus resulted in the expiration of the contracts by effluxion of time.

Continue Reading

Top Story

We are on track to achieve 70% local content penetration — NCDMB ES

Published

on

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Ogbe has stated that the board remains on track to achieve its target of achieving 70 percent local participation in the oil and gas industry by 2027.

The NCDMB ES made this known yesterday at the Nigerian Oil and Gas conference (NOG) holding in Abuja.

Engr. Ogbe, speaking at the opening of the Nigerian Content Seminar, said jobs in the industry can only be out-sourced when there was no in-country capacity.

He said the board would continue its stringent monitoring of projects in the country to ensure that where local capacity exists, Nigeria companies were given the opportunity to bid for the jobs.

He stressed that the “board will only approve local content plans that consist of contractors meeting the legal definition of Nigerian companies and demonstrating the capacity to execute projects within Nigeria.”

He added the NCDMB would continue to ensure that all services provided in the industry “generate values within the country.”

On his part, the Director, project Certification and Authorisation, NCDMB, Engr. Abayomi Bamidele said a lot of progress has been made in growing local capacity in the Nigerian oil and gas industry, disclosing there are currently over 13,000 indigenous oil service firms registered by the board and over 120 operators registered also.

Continue Reading

Top Story

FG to inaugurate governing councils institutions, July 4

Published

on

The Federal Government has announced that the Governing Councils of Federal universities, polytechnics, and other tertiary institutions will be inaugurated on July 4, 2024.  The Academic Staff Union of Universities (ASUU) has rejected the composition of the newly constituted governing councils, stating that the list is dominated by retired politicians rather than experts in academia or relevant fields.

ASUU’s national President, Prof Emmanuel Osodeke, expressed concerns over the trend in the appointment process, emphasising that the union demanded the reinstatement of the ‘illegally’ dissolved governing councils, not the constitution of new ones.

Despite ASUU’s ultimatum, the Federal Government has proceeded with the inauguration, which is expected to take place on July 4.

President Bola Tinubu approved the reconstitution of the Governing Councils and Boards of federal universities, polytechnics, and colleges of education, with 560 individuals appointed to the governing councils and boards of Federal Government-owned tertiary institutions.

The approval was given for the effective management of Nigerian tertiary institutions across the country.

It was gathered that the Acting Vice Chancellor of the University of Abuja, Prof. Aisha Maikudi, announced the inauguration date during her acceptance speech on Monday, while assuming the institution’s affairs.

A total of 560 individuals were appointed to the governing councils and boards of Federal Government-owned tertiary institutions.

For the University of Ibadan, the President appointed Chief Bisi Akande as the Chairman of the governing council. The board members are Alexander Ajipe, Nelson Alapa, Ifeoma Nwankwo, and Prof. Emmanuel Alo.

Chief Wole Olanipekun (SAN) was appointed as the Chairman of the governing council of the University of Lagos. The council members are Bello Kumo, Prof. Idowu Mark, Niyi Akande, and Bola Njoku.

Isa Yuguda chairs the board of the National Open University. The council members are Goddy Etta, Yomi Balogun, Deborah Apah, and Hingah Biem.

Siyan Oyeweso has been named as the chairperson of the governing council of Obafemi Awolowo University. Joining him are Edward Sarki, Joseph Abaagu, Wahaab Owokoniran, and Abubakar Kachaalla, who have been appointed as council members.

Additionally, Adebayo Shittu, Muiz Banire, and Senator Florence Ita Giwa have been appointed as chairpersons of the governing boards for David Umahi University of Medicine in Ebonyi State, Federal University of Transportation in Katsina State, and Federal Polytechnic in Ugep, Cross River State, respectively, among others.

Continue Reading

Trending