Business
Kaduna Fair: NNPC Emerges Best Participant …Beats Dangote, NPA
The Nigerian National Petroleum Corporation (NNPC) has emerged the overall best participant at the just-concluded 39th Kaduna International Trade Fair, which held in Kaduna from February 23 to March 4.
A statement issued in Abuja yesterday by the NNPC Spokesman, Mr Ndu Ughamadu said the corporation, which returned to the fair after a two-year absence, beat Dangote Industries and the Nigerian Ports Authority to second and third positions respectively.
Ughamadu said that Governor Nasir El Rufai presented awards to outstanding participants at the closing of the fair.
El- Rufai commended NNPC and other participants at the fair for the quality products showcased.
He also commended participants for the innovation and grandeur they brought to bear on the event.
The theme of the Fair was: “Promoting Industry, Commerce and Agriculture for International Competitiveness.”
The statement also quoted NNPC Group Managing Director, Dr Maikanti Baru, as reiterating the corporation’s commitment to the economic diversification programme of the Federal Government.
He said it was imperative to intensify and support the Federal Government’s economic diversification programme to free the economy from the “vagaries of oil price volatility, which during a period of glut could spell doom for the nation.”
Baru noted that a renewed focus on commerce, industry and agriculture would have a greater impact on the standard of living of Nigerians.
“These sectors can engage more people in productive activities compared to oil and gas which despite its significance, accounts for only 12.7 per cent of the country’s Gross Domestic Product (GDP),’’ Baru 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).
