Business
UN Owes Nigerian Peace Keepers, Others N127.5bn
A sizeable deficit in the United Nations peacekeeping budget has led to a backlog of payments to some of its main troop contributors – many of them developing nations, UN Under Secretary-General for Management, Yukio Takasu  says.
Takasu said that the UN currently owed a total of $795 million to countries that contributed troops and needed to be reimbursed for the costs of the peacekeepers and their weapons.
Developing countries such as India, Ethiopia, Bangladesh, Pakistan, Rwanda and Nigeria are on top of the list of outstanding payments.
Talking about the current financial status of the UN, Takasu said that peacekeeping operations currently had a 35 per cent deficit amounting to $3.4 billion because of unpaid dues from member countries.
To date, only 33 member states have paid all of their contributions to this year’s peacekeeping budget.
“This sounds alarming, but it isn’t,” Takasu said, explaining that recent changes in budget guidelines had caused delays in payment flows from countries.
The under secretary-general said the UN was working to reduce the amount owed to peacekeeping contributors to $423 million by the end of the year.
“Between now and the end of the year, we are going to make serious efforts to pay more to those countries,’’ Takasu said.
Takasu called the organisation’s financial situation “overall sound’’, adding that a record 134 countries had already paid their dues in full towards this year’s regular UN budget set at $2.6 billion.
However, with less than three months left until the end of the year, $945 million are still outstanding from the regular budget, with the U.S. owing $795 million.
Takasu defended the U.S., saying the country contributed 22 per cent of the UN regular budget and had recently paid more than $1.5 billion in dues to peacekeeping operations.
The under secretary-general said that with the cash flow expected before the end of the December, the organisation would end the year in the black.
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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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