Business
Contributory Pension: Confab Assures Workers Of Modification
A delegate at the
National Conference, Amb. Adamu Aliyu, has assured workers in the country that the new Contributory Pension Scheme would be modified to favour retirees.
Aliyu, a member of Committee on Civil Service at the conference, stated this in Abuja in an interview with newsmen.
He said that the modification had become necessary because of fears expressed by contributors that the new scheme could be marred by the inadequacies of the former arrangement that made retirees to wait for years before being paid their entitlements.
Aliyu, one-time Nigeria Ambassador to Japan, said that: “It is not the contributory pension that people are worried about but more of the old system.
‘’It is the new system that people are clamouring for to ensure that all the retirees collect their pensions as at when due, and whatever arrears are available, should be paid to them.
“Secondly, if there are periodic reviews and changes to be done every five years, it should take care of the inflationary trends in the economy of the country.
“We believe this is going to be done and is going to form part and parcel of our report,” he said
He assured that his committee would ensure that mistakes of the old pension scheme did not manifest in the new scheme.
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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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