Business
Firm To Construct Houses For Low Income Earners
A property development firm, the UT Financial Services Limited has raised hope of low income earners in the Niger Delta towards owning a home, as the company is putting things together to build affordable, low cost houses in the region.
Making the intention of the firm known in an interview with aviation correspondents at the Port Harcourt International Airport Omagwa,Monday, the Chief Executive Officer of the company, Ade Adebanjo said the company was already in talks with the Rivers and the Bayelsa state governments on the project.
He said that the Bayelsa project would come up soon as the response there is fast, adding that their target is the low and medium income earners.
According to him, the company has already made remarkable impact in other States like Lagos and Ogun with numerous affordable low cost houses for medium and low income earners
“ There is hope for the Niger Delta, and very soon, Bayelsa will come up. Mortgages are available for people who may not pay cash immediately, but will pay initial deposit and pay the balance gradually.
“Husband and wife who are civil servants can come together, put their savings together and acquire a property. It is better to own a home than to keep on renting.
“I do not want any body to be discouraged to buy, we can extend the mortgage tenure up to 15 years. We are also reducing the interest rate continuously so that people can afford it,” he said.
Adebanjo, however, clarified that such programme can be easily achievable if state governments partner with them by providing land,while they finance the project.
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Oil & Energy
Oil Exploration Resumption: OYF Demands 500 Job Slots
This figure is against the already released 40 slots by the company.
Consequently, the youths have moved to convene a national congress of youths to address issues relating to the oil exploration, which has sparked palpable divisions in the area.
Speaking during the inauguration of the Planning Committee for the Congress, in PortHarcourt, at the weekend, the President-General of OYF, Worldwide, Engr. Legborsi Yamaabana, described the congress as urgent, and targetted at addressing all issues arising from the planned oil resumption.
He said “The Ogoni nation stands at a critical crossroads in its history. We acknowledge the renewed political attention of the Federal Government of Nigeria under the leadership of His Excellency, President Bola Ahmed Tinubu (GCFR), particularly regarding the proposed resumption of oil and gas exploration in Ogoniland after more than three decades of suspension.
“While we recognize this development as a significant national conversation, we emphasize that any engagement concerning Ogoniland must be anchored on the principles of environmental justice, equitable benefit-sharing, and the protection of the dignity, rights, and future of the Ogoni people especially our youth, who remain the custodians of tomorrow.
“The Ogoni struggle is not merely historical; it is living, evolving, and central to the future of sustainable development in the Niger Delta and Nigeria at large.”
He called for calm over the 40 job opportunity given to the area by the NNPCL, insisting that such allocation was insufficient compared to the contribution of Ogoni to the economy.
Yamaabana rather requested that NNPCL, as a matter of importance, give 500 job slots to youths of the area,
In the interim, the leadership of OYF Worldwide has observed the unnecessary tension and uproar surrounding the reported 40 slots of employment opportunity allocated to Ogoni youths in NNPCL and its subsidiaries, as part of Federal Government confidence-building measure toward the resumption of oil and gas activities in Ogoniland.
“We strongly appeal to all Ogoni political, traditional, and community leaders to sheath their swords, maintain calm, and refrain from unnecessary squabbles over crumbs.
“Without preempting the sovereign deliberations of the upcoming Congress, let it be noted that Ogoni youth will not settle for tokenism.
“At the upcoming Congress, we shall formally demand a minimum of 500 direct employment opportunities within the Nigerian National Petroleum Company Limited (NNPCL) and its subsidiaries for qualified Ogoni youths, who have been economically sidelined and left inactive throughout this 33-year stalemate.”
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