Business
Valuer Tasks Govt On Low-Cost Housing
An Estate Surveyor and Valuer, Morgan Amadi, has urged both federal and state governments to take the issue of low cost housing seriously if the gap in home ownership must be bridged.
He said that goernment should do everything within its powers to focus on low-cost housing if the deficit in housing sector must be addressed in the country.
Amadi who made this known in an interview with The Tide in Port Harcourt, last Friday, noted that mortgage refinancing would be the beginning of a great relief to the populace.
“ If government wants to bridge the gap, they should focus on low cost housing like one, two, and three bedroom apartment .
“ If the cost of buying it is within #2 million to #4 million, an average civil servant will be able to pay within 20 years without a burden on him, on a monthly salary of #100,000.
“ In United Kingdom and other developed countries that I know, houses are bought through mortgage. This is so because it is only mortgage institutions that can give long-term loan.
“ This is the only system that can spread this payment over the years on a monthly installments payment basis and this will be a welcome idea in this country.
“ Even in the Elekahia and Presidential housing estates here in Port Harcourt, the beneficiaries got it through mortgage and after the initial deposit payment, the balance was paid later over the years.
The real estate professional said, in the alternative, government can get lands, allocate them to public servants and give them Certificate of Occupancy.
According to him, the land can serve as a collateral for them to obtain loan to build, and also make the process of getting the ‘C of O’ easier.
By: Collins Watter
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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