Business
AfDB Invests $25bn In Agriculture, Agricbusiness
The African Development Bank (AfDB) says it is currently investing 25 billion dollars to help make agriculture and agribusiness Africa’s biggest industry.
A statement by the bank’s Communication and External Relations Department yesterday, said the AfDB’s president, Dr. Akinwumi Adesina, made the disclosure at the ongoing Tokyo International Conference of African Development (TICAD) in Japan.
Adesina said the reason was not far-fetched and predicted that the size of food and agriculture would rise to one trillion dollars by 2030.
According to him, a lot of progress has been made in this renewed drive to transform agriculture on the continent.
“The AfDB inaugurated the Technologies for African Agricultural Transformation (TAAT) to help ramp up technologies to millions of farmers.
“TAAT connects the global agricultural research centres, national agricultural research centres, private sector and agricultural value chains in Africa, in an unprecedented effort to connect the supply and demand side of technologies seamlessly.
“For the first time, accountability was built into the approach, with technology delivery compacts signed by all participating institutions and partners.
“TAAT partners, which include the World Bank, AGRA, IFAD and the Bill and Melinda Gates Foundation have mobilised one billion dollars, he said.
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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).
