Business
Kwara Gets N2.48bn FG Allocation For June
The Kwara State Government has received a total of N2.48 billion as federal allocation for June
The State Commissioner for Finance, Alhaji Demola Banu made this known in a statement made available to the News Agency of Nigeria (NAN), on Saturday in Ilorin.
The commissioner, while giving the details, said that the sum was made up of statutory allocation of N1.38 billion, Value Added Tax (VAT) of N740 million and Exchange Difference of N366 million.
Banu further disclosed that the 16 local governments in the state got a total of N1.82 billion as allocation for June.
Giving a breakdown of the allocation figures, Banu said that the local councils received statutory allocation of N1.16 billion, Value Added Tax (VAT) of N420million and Exchange Difference of N241million, totaling N1.82billion.
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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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