Business
FG Spends £35m On Niger Sat-2
The Director-General, National Space Research and Development Agency (NASRDA), Dr. Sheidu Mohammed says the Federal Government has spent £35 million on the construction of Niger Sat–2.
The project is expected to be launched before April 2010, the DG said at a one-day post-project and sensitization workshop, which was organized by NASRDA in collaboration with the Federal University of Technology, Minna.
According to the Director-General, the Niger Sat -2, which is being constructed by a UK – based company working with 27 Nigerian scientists is to compliment the Niger Sat – 1, which has exceeded its period of operations by one year.
Mohammed said that the Niger Sat – 2 has been designed to have better resolution and wider application, adding that Nigeria stands a better advantage technologically, if it goes into full operations next year.
“The launch will contribute to monitoring of oil facilities in the country, security, bunkering and issues of flooding,” he said.
According to Mohammed, Niger Sat – 2 will bring Nigeria at par with other countries on information and communication technologies, while NASRDA has concluded plans to work in partnership with institutions of higher learning, to add value socially and economically.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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