Business
TSA: Sokoto Uncovers N1.5bn
The Sokoto State
Government says it has uncovered N1.5 billion belonging to it lying idle in 100 dormant accounts in various commercial banks in the country.
The state government attributed the discovery to the implementation of the Treasury Single Account (TSA) system two weeks ago.
The state Commissioner for Finance, Alhaji Saidu Umar, said this in Sokoto while giving an update on the system’s implementation.
In a statement signed by his spokesman, Mr Imam Imam, Gov. Aminu Tambuwal said “government is determined to trace and close down all dormant and inactive accounts operated by it.
“Since the introduction of the TSA, there has been a massive improvement in the reconciliation of public finance figures between the government and commercial banks.
“This has reduced risk of errors in reconciliation processes and enhanced timeliness and quality of the fiscal figures from such accounts’’.
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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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