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Lagos Allocates Housing Units, Soon

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Four thousand, two hundred and nineteen housing units under the Lagos State Home Ownership Mortgage Scheme in 12 locations across the state will be allocated before the end of the year.

Governor Babatunde Fashola made the disclosure recently, while rendering account of his stewardship in the last six years on a live television programme.

According to him, the houses are located in Sangotedo with 540 units; Ogba, 270 units; Shitta, 36 units; Ilupeju, 60 units; Mushin, 73 units; and Agbowa Phases 1 and 2, 660 units.

He said others currently ongoing included 540 units at the Ajara Housing Estate; Ibeshe Housing Scheme, 720 units; Iponri, 144 units; Oyingbo Phases 1 and 2,48 and 120 units, respectively; and Badia in Ijora, 1,008 units.

Fashola said allocations would be made through public raffle draws that would ensure that those who regularly paid their taxes would be among the beneficiaries.

He said, “We are almost done. What we are trying to avoid first is the need for anybody, any member of the public, to be a relation or friend of any member of people in government in order to get a house. We want to eliminate that.

“We have prepared forms, we have set up a Lagos Mortgage Board, we are recapitalising Lagos Building and Investment Company to give mortgages, we have set up arbitration rules and we have gone through the mortgage document. We have prepared the draw rules; it is going to happen by draws, which will be made public.

“We have set guidelines for those who will be eligible, those who pay their taxes; so, it will not do to rush to go and pay the tax overnight because we built it with taxpayers’ money.  We expect that it is only fair that those who have been paying faithfully must get priority for something at this point.”

The governor said winners of the houses would be able to pay over a period of 10 years after parting with 30 per cent of the value of the houses as equity.

“Affordability is that we will not ask you to pay cash once and for all. The sense of affordability is that, as I have always said, there is no low cost cement sold to government, there is no low cost iron rod. We borrow at the same interest rate, our contractors charge us the import duties and all of the cost attendants of bringing in the raw materials to build the houses,” he said.

Speaking on flooding, the governor said residents of the state must begin to accept the situation of perennial flooding as a natural phenomenon, which they must live with as the state was below sea level, urging everyone to make adequate preparation for the rainy season.

Fashola said, “One good way to explain this, because we, perhaps, don’t understand sufficiently or don’t accept our situation that we are living below sea level, is that we are living inside water, and to keep this city dry and to keep the water flowing, it is just a feat of engineering, which first the credit must go to my predecessors for all of what they have done and the current generation of the team that I work with, for what we are adding onto it.

“When the rain is intense, the capacity of our drains, as the hand basin, to flush off everything at the same time, is certainly not there because it is going into the lagoon, but the lagoon is also filling up as the land is filling up. As soon as the rain subsides, the hydraulic activity takes over; so, within a few hours, it is gone.”

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Boat Mishap Kills Pastor, Wife And Church Members  In Brass Water

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A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways
The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and  members of his church were in a programme.
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?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet  to be recovered
as search party are still ongoing.
Although the real cause of the boat Mishap is not yet known as at the time of this report,  our Correspondent gathered  that the identities of the Pastor, wife and church members were not disclosed to the public.
The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit
The Bayelsa State government and the state police command are yet to issue official statement’s  on the sad accident
By: CHINEDU WOSU
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Rivers Workers Seek Scrapping Of Contributory Pension Scheme

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The Rivers State Council of  Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.
Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt,  recently.
Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.
He noted that  the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.
According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.
He also  informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.
“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.
Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.
The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.
He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.
Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.
The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.
He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.
Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.
By: King Onunwor
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FG Begins South-West Tour To Promote New Cooperative Bank

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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
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