Business
US Senators Seek To Lift Trade Embargo On Cuba
A group of U.S. sena
tors proposed legislation on Friday to end the over half-century long trade embargo on Cuba.
According to them, the Freedom to Export to Cuba Act would repeal the 1961 trade embargo.
They said that other laws related to the embargo, restricted trade between the U.S. and Cuba, but would leave in place of human rights provisions.
Sen. Amy Klobuchar, who introduced the legislation, said the measure would end an unsuccessful policy that has disadvantaged U.S. businesses and open new markets for U.S. goods.
Presidents Barack Obama and Raul Castro of Cuba moved in December to restore diplomatic relations, which were severed in 1961.
Obama has said over 50 years of U.S. isolation of Cuba had failed to prompt political change on the communist island off the U.S southern coast.
He announced a series of reforms to U.S. policy and talks to normalise diplomatic relations that began in January.
Meanwhile, only Congress could lift the trade embargo.
Obama, however, urged lawmakers to act, but the move faces an uphill battle from vocal opponents of a change to U.S. Policy.
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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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