Business
Average Price Per Litre Of Kerosene Increased In Nov – NBS
The average price per litre paid by consumers for National Household Kerosene increased to N353.38 in November from N352.93 in October, the National Bureau of Statistics (NBS) has said.
The Bureau made this known in its “National Household Kerosene Price Watch (November 2020)’’ obtained from its website in Abuja, yesterday.
According to NBS, the increase is by 0.13 per cent month-on-month and by 11.29 per cent year-on-year.
The report listed states with the highest average price per litre of kerosene as Ebonyi whose residents bought at N433.33, Benue at N429.17 and Taraba at N411.52.
It added that states with the lowest average price per litre of the product were Bayelsa at N212.96, Rivers at N283.33 and Niger at N316.67.
“Similarly, average price per gallon paid by consumers for kerosene decreased by -1.18 per cent month-on-month and increased by 0.67 per cent year-on-year to N1,218.50 in November from N1,233 in October.
“States with the lowest average price per gallon were Osun at N970.45, Delta N986.43 and Anambra N1,071.
“States with the highest average price per gallon were Kebbi N1,377.78, Enugu N1,363.46 and Nasarawa N1,328.33’’, it said.
The NBS said that in arriving at the statistics, field work was carried out by its staff in all states of the federation supported by supervisors who were monitored by internal and external observers.
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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).
