Business
Edo To Sanction Erring Mining Firms
Edo State Government says it would sanction any mining company which failed to meet its corporate social responsibility to its host communities in the state.
The Commissioner for Special Duties, Oil and Gas, Mr Orobosa Omo-Ojo, made government’s position known in an interview with journalist in Benin.
Omo-Ojo said that the ministry had concluded plans to tour the state to identify erring companies.
He said that the tour of the state would begin in Edo North Senatorial district in the next two week.
The commissioner said efforts would be made to assess projects undertaken by such companies for its host communities.
“If we find out that any of the companies has not deemed it fit to give back to the host community in terms of tangible social responsibility projects, we will penalise them.
“We are very serious here because these resources are not finishing and the companies need to start giving back to the people and their communities where they operate,’’ he said.
The commissioner, said that the state had more than 13 solid minerals deposits in commercial quantity, including gold, limestone, clay and bitumen.
He said the Federal Government was making more revenue from the state’s resources than it generated from haulage and road taxes
“All we are trying to do as a ministry is to ensure that we monitor the operations of these companies alongside maintaining harmonious relationship with the host communities.
“This is why we are advocating a review of the law and when Edo is allowed to manage its resources, it will be one of the leading states in terms of accruals from solid minerals,’’ he said.
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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).
