Business
PHED Loses N2.3bn Monthly – CEO
The Port Harcourt Elec
tricity Distribution Company (PHED) says it loses N2.3bilion monthly across the four states of its operational areas due to energy wastage.
The Chief Executive Officer of PHED, Jay McCosky, who revealed this on Friday while unveiling two programmes of the company said the monthly loss forced the distribution firm to embark on the energy efficiency programme with a view to reducing complaints from customers on billing issues.
He said efficient use of energy would lead to lower bills and increased productivity and enhanced profit margin for commercial and industrial customers.
McCosky explained that to get knowledge about energy usage and ability to manage the consumption level would lower operating and production cost for commercial and industrial customers.
He said the firm is embarking on education and sensitization of its customers across its operation area on the importance of energy efficiency management.
According to him, PHED in its strategic plans has lined up series of enlightenment on energy efficiency in primary,secondary and tertiary institutions in Rivers,Akwa Ibom,Bayelsa and Cross River State.
‘’ Communities are not left out in the enlightenment programme aimed at promoting energy saving culture and provision of energy efficient products’’, he said.
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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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