Business
NNPP Lauds FG’s Suspension Of Proposed N5,000 Note
The National Chairman, New Nigeria People’s Party, Mr
Gilbert Agbo, has commended the Federal Government for suspending the proposed
N5,000 notes and conversion of other denominations into coin.
Agbo said in Abuja on Monday that the suspension was a
welcome development.
He said that Nigerians had not been enlightened by the
Central Bank of Nigeria (CBN) on the economic benefits of the restructuring of
the nation’s currency.
“Our system does not create room for adequate information on
government policies.
“The problem is that those who need to do their job are not
doing it properly to educate Nigerians on very important issues such as the
restructuring of currency.
“The Corporate Affairs Department of the Central Bank of
Nigeria should have enlightened Nigerians on the benefits of introducing the
N5,000 notes,’’ he said.
According to him, if Nigerians are properly educated on the
new note in all the Nigerian languages, the projects will not have been greeted
with stiff opposition.
“The CBN is legally authorised to introduce the N 5,000 note
but it should have considered the sensitivity of Nigerians so that there will
no negative reactions.
“For the apex bank to have announced its intention to
introduce the N5,000, it knows the benefits to the nation’s economy in the long
run.’’
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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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