Business
Delta House Approves N35bn For DESOPADEC
The Delta House of Assembly on Thursday approved a N35 billion budget for the Delta State Oil Producing Areas Development Commission (DESOPADEC).
The News Agency of Nigeria (NAN) reports that the allocation is N5 billion higher than the N30 billion approved for the commission in 2009.
Gov. Emmanuel Uduaghan had on March 18 presented the budget proposal to the House of Assembly for approval.
A break-down of the budget shows that N11.2 billion is for recurrent expenditure, while N23.7 billion is for capital expenditure.
Mr Daniel Mayuku, Chairman, House Committee on Finance and Appropriation, who presented the proposals to the House, urged the commission to review its audit regulations to improve accountability and transparency.
He also recommended that memoranda, files and the process of awarding contracts should originate from the affected departments within the commission.
The recommendations were unanimously adopted by the House.
The House also approved the appointment of nominees as chairmen and members of Local Government Service Commission and the State Management Board.
NAN reports that the Local Government Service Commission has Chief Nkem Okwuofu as Chairman, while Chief Benson Asore and Chief Mike Sekeigba are to serve as members.
The State Waste Management Board has Mr Solomon Golley as Chairman, and Mrs Evelyn Ojakovo as member.
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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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