Business
CBN Adopts New Policy For Financial Literacy
The Central Bank of Ni
geria (CBN) has developed a new policy to make Nigerians financially literate, Hajiya Khadija Kassim, the Deputy Director, Consumer Protection Department in the apex bank, has said.
Kassim said yesterday in Kano at a Consumer Sensitisation Forum that, the Financial Literacy Framework, would increase awareness and understanding among Nigerians of financial products and services.
“It will also enhance efficient usage of financial resources and empower Nigerians with the knowledge to make informed choices and take effective actions that will enhance their financial well-being.
“This gathering today is part of the Financial Literacy Framework,’ she said.
Kassim explained that when majority of the nation’s population is financially literate, they would understand the formal financial system and contribute to financial stability.
The deputy director said the bank had put in place a solid structure to ensure maximum protection of consumers of financial services from exploitation by service providers.
“The reality is that financial education and literacy is imperative if we are to meet our objective of becoming a developed economy by the year 2020,’’ she said.
A cross-section of the participants at the forum commended the CBN for initiating the programme.
The stakeholders’ forum was attended by personalities from the various sectors of the economy.
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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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