Business
Ugwuanyi Signs N103.5bn 2018 Budget Into Law
Governor Ifeanyi Ugwuanyi of Enugu State has signed the 2018 budget of N103.5 billion into law.
Signing the document in Enugu, Ugwuanyi reiterated his administration’s readiness to deliver good governance and harness the potential in the state.
The governor, however, expressed his commitment to ensure the full and prompt implementation of the budget.
Earlier, Mr Edward Ubosi, the Speaker of the State House of Assembly, said that the legislators had after wide consultation and robust debate jerked up the budget estimate.
Ubosi said that the increase became necessary in order to accommodate the various road projects in the state that needed urgent attention.
He said that the budget was realistic and accommodated the pressing needs of the state.
The Speaker said that the 2018 budget reduced external and internal borrowings of the state by 60 per cent and would not drag the state into any form of indebtedness.
Ubosi said that the gains of the 2018 budget had demonstrated that the State Board of Internal Revenue was up to its responsibilities.
“We are happy with the way the revenue board is working to reduce stress from the government but they should not put hardship on our people,” he said.
He commended the governor for the prudent management of the state’s resources.
according to reports, the governor had on December 28, 2017 presented a budget estimate of N98.5 billion to the state assembly.
The budget was passed on February 12.
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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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