Business
AfDB Boss Harps On Realising Africa’s Economic Opportunities
The President,-African Development Bank (AfDB), Dr Akinwumi Adesina, has stated the role of the bank in supporting stability, growth and sustainable development in Africa.
Presenting his address to the Institute of International and European Affairs (IIEA), Ireland’s leading international affairs think tank, Adesina highlighted some opportunities and challenges Africa currently face.
According him, such challenges include food security, debt sustainability, climate change, and the financing gap, as well as what AfDB is doing to support and accelerate development in Africa.
Adesina said Africa’s challenges can be overcome through enhanced crisis preparedness, development of quality healthcare systems and infrastructure projects to strengthen the continent’s resilience.
Often described as “Africa’s Optimist-in-Chief”, Adesina is widely lauded for his visionary leadership and passion for Africa’s transformation.
He was first elected President of the African Development Bank Group in 2015 and was unanimously re-elected for a second five-year term in 2020.
A former Nigerian Minister for Agriculture, in 2017, he was conferred with the World Food Prize, also known as the “Nobel Prize for Agriculture”.
Adesina had led the African Development Bank Group to achieve the highest capital increase since its establishment in 1964.
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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).
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