Business
RVHA Wades Into PH Traders’ Crisis
The Rivers State House of Assemby has given a directive to traders at the Nkpolu, Oroworukwo market popularly known as Mile III Market to stay action on the planned elections at the market.
The directive was given by the speaker of the House, Rt. Hon. Ikuinyi-Owaji Ibani, following a petition presented by the member representing Port Harcourt Constituency Two, Victor Ihunwo, that there was an impending crisis if the elections were to hold.
The speaker in his intervention, set up an ad hoc committee to manage the crisis brewing over the planned elections.
Ibani stated that the move became necessary to calm frayed nerves, particularly in the face of the recent demolitions that have affected traders who operated in areas suspected to be criminal hideouts.
He directed the ad hoc committee to take step to stop the planned election in the market to avoid a breakdown of law and order.
The women leader of the market, Mrs. Lilian Nwaofiri, in her reaction, welcomed the development, saying that it would help calm the tension, already rising in the market following activities leading up to the elections.
According to her, “the House of Assembly has done well, wading into this matter because some people are seeing it as a do-or-die affair”.
She called on all interested parties to apply caution in their bid to achieve their ambitions.
Tonye Nria-Dappa
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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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