Business
Kerosene Scarcity Hits Yenagoa …Sells At N132 Per Litre
Residents of Yenagoa,
the Bayelsa State capital are facing hardship in procuring kerosene in the area.
The Tide gathered that black marketers now sell a litre of kerosene N133.00 as against the official price of N50.00.
Our source said though products are available at the Nigeria National Petroleum Corporation (NNPC) Mega station in Yenagoa, but official prefer selling to particular people who in turn sell to consumers at exorbitant prices.
According to the source, such trading activities even take place in the premises of the filling station in the presence of the public and full glare of security officers.
The racketeers alleged to be selling 20-litre gallon to retailers between N3,000 and N3,500.
Kerosene is said to be out of stock in most filling stations in the city, a situation that is frustrating socio-economic life in the state capital.
Some residents who spoke to the press appealed to officials of NNPC to come to the aid of the people by unraveling the causes of the artificial scarcity and attendant high cost of the product.
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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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