Business
Edo Joint Account Committee Disburses N2.10bn To 18 LGs
The Edo Joint Account and Allocation Committee (JAAC) says total actual from both internally Generated Revenue (IGR) and Federation Account to the 18 local governments in the state in March was N2.1 billion.
The Head of Administration at Owan East Local Government, Mr. Akeens Ade-Akhani disclosed this at the end of JAAC meeting at Government House in Benin, Friday.
The Tide source recalls that the committee declared N1. 89 billion as total accrual to the 18 local governments in the state in February.
Ade-Akhani attributed the increase of about N21 million in March to the introduction of an electronic method of revenue collection in some local governments in the state.
He said that about N15 million and N7 million were collected as revenue by Oredo and Egor Local Government, respectively, with help of the electronic method between March 22 and May 11.
He said that the N1.36 billion collected in March was used for mandatory expenditures like payment of primary school teachers’ salaries, five per cent to traditional rulers and one per cent as training fund.
Ade-Akhani said that the N748 million was used for salaries of local government staff.
He said that the Gov. Godwin Obaseki had advised heads of the various councils to ensure that they collaborated with the state government to tackle the security challenges in the State.
Business
Customs Launches Digital Vehicle Verification System To Tackle Smuggling
Business
NDDC Unveils Naval Facilities To Boost Region’s Security
Business
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).
