Business
Cocoa Produce Panacea To Over Dependence On Oil – NEPC
The Nigeria Export Promotion Council (NEPC) has urged state governments to engage in resuscitation of cocoa produce for export, to reduce over dependence on petroleum.
Mrs Azuka Ikejiofor, Zonal Coordinator of the council, told the newsmen yesterday in Abuja, that cocoa produce and export were key to economic diversification.
Ikejiofor noted that cocoa had remained consistently profitable for several decades and rated as one of the best in terms of cash crops.
“Available records have proved cocoa and cocoa product earning was 338.17 million dollars, accounting for 20.8 per cent of the total non-oil export for Nigeria in 2015.
“ And 242.23 million dollars, representing 20.13 per cent in the year 2016,” she said.
The coordinator, who described cocoa as alternative to oil, recalled that Nigeria was leading in cocoa in Africa until 1984.
Ikejiofor urged oil producing states to look beyond oil for a viable economy.
According to her, states like Bayelsa should rise above oil by embracing cocoa produce in line with our zero-oil plan initiative.
She said that the council was working in collaboration with Adekunle Ajasin University, Ondo for increased production and distribution of seedlings to farmers.
Ikejiofor, however, said that the council would continue to promote capacity building on improved processing to achieve premium cocoa export.
Our correspondent reports that Ghana and Côte D’ Voire are West Africa’s leading cocoa export countries.
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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).
