Business
FG Housing Loan Scheme: Applicants Want Probe
Some applicants of the Federal Government Staff Housing Loans Scheme, have called for a probe of the activities of Federal Government Staff Housing Loans Board (FGSHLB), the operators.
The applicants made the call in Abuja, Thursday, saying, the activities of the board undermined the objectives of the government to provide decent housing for the citizens, especially public servants.
They accused workers of the board of manipulating the process for self-aggrand-isement at the expense of genuine applicants.
The applicants said, while those who genuinely met the conditions for accessing the loan were dropped, late applicants who bribed officials and their collaborators benefitted.
An applicant and employee of an agency of the Ministry of Information and Culture, Mr Ugochukwu Livinus, said, he applied in 2010 and was assigned file number HB40109.
Livinus, told The Tide that he got approval for five million naira to build a three bedroom bungalow in April, 2013 after which he was asked to pay N65, 000 as insurance for mortgage and accidental expenses.
He said, he made the payment to the board’s Central Pay Office while the approval letter was signed by the Executive Secretary of FGSHLB at the time.
He said, besides paying the N65, 000 he also committed his hard-earned money as poor civil servant to do a building plan and bill of quantity.
Livinus noted that, he did all this because of his belief in the system but since April 11, 2013, he had not received any further communication while those who applied later had been given their money.
He alleged that some officials of the FGSHLB, in collaboration with some private developers, were doing everything possible to frustrate civil servants from accessing the loan.
Livinus alleged that, some applicants, who agreed to work with private developers and officials of the board, received approvals and disbursement of funds to them soon after they applied.
Another applicant, who preferred not to be named, said, her application was approved in 2012 but she had yet to receive her money after fulfilling all the conditions.
The lady said, she has four years to retire from service but had no house.
She said that, her greatest challenge was that officials of the board claimed that original land documents which she submitted to the board were missing.
“For heaven’s sake, they should give me my land documents since it is obvious that I may not get the four million naira that was approved for me.’’
She urged relevant authorities to investigate the board, saying that, the fraud in the board was alarming.
Mrs Simbiat Adeleke and Mrs Bola Ajamgbadi also applicants, called on the government to probe the board’s activities.
She queried the board’s claim of lack of funds as the reason for non-payment of beneficiaries’ approved loans.
“How can the board claim no money as the reason for non-payment while it is recovering loans directly from the beneficiaries’ salaries?
“ This is supposed to be a revolving loan and the board got a substantial amount from past administrations.
“The board needs to render an account on how it disbursed the initial money it received and how much it has so far recovered in order to convince anybody that it lacks the funds to continue paying approved loans.
“Moreso, why should it continue to approve loans if it has no money to pay?
‘’Truly, something is wrong about the board’s activities which the government should move in quickly and uncover.’’
Meanwhile a director in one of the government parastatals, who pleaded anonymity, called for an urgent scrutiny of the board’s activities.
The director said that deduction of the second tranche of the loan approved for him in 2011 was already ongoing while he had not received the loan.
“Integrated Payroll and Personnel Information System (IPPIS) has started deducting the second instalment more than a year ago and all I hear from the board is no money, be patient.
“I believe the board does not have an efficient way of tracking repayments otherwise, they should be able to know when one’s payment is due and pay accordingly,’’ he said.
He urged the Federal Government to overhaul and probe the activities of the board, adding that the place was fraught with irregularities.
All efforts by our source to clear issues that the applicants raised with Dr Hannatu Fika, the Executive Secretary of FGSHLB, were said to have failed.
Business
TTP Trains Customs Agents, Freight Forwarders On Eto App
In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.
Business
NECA Holds MSME Fair To Drive Growth
Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.
Business
Over 2m Passengers Board Blue Rail Train – Commissioner
The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.
Nkpemenyie Mcdominic, Lagos
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