Business
UBA Set To Facilitate Infrastructure Projects In Africa
The Untied Bank for Africa Plc has stated that it has positioned itself to play a catalytic role in facilitating infrastructure projects across Africa.
This, according to the bank is exemplified by several deals on which the bank is acting as financial adviser, lead arranger and lender on the continent.
The director, infrastructure finance at UBA capital, Mr Wale Shonibare made this known at the recently concluded Public Private Partnership Africa Conference organised by Ametrade in collaboration with the African Development Bank (AFDB).
Mr Shonibare, who is a senior executive of the bank’s investment banking and capital markets subsidiary, said UBA capital has been working with public and private sector partners in structuring long term fuding solutions across key productive sectors like road and rail transportation, aviation, power, oil and gas, real estate, mining, telecoms and Information Technology.
Speaking on how to encourage investment in infrastructure with particular reference to transportation Mr Shonibare said funding can be obtained from local and international sources to bridge the current deficit that is prevalent in the continent. According to him there exists a direct correlation between increase in infrastructure development and economic growth as has been seen in countries like China and India.
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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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