Business
FAAN Signs MoU With LASG On Road Project
The Federal Airports Authority of Nigeria (FAAN) has signed a Memorandum of Understanding with the Lagos State Government, through the office of the Private-Public Partnership and Ministry of Works, to build a 28km toll road.
The partnership arrangements, which was contained in a release made available to aviation correspondents on Monday, revealed that the new road will stretch from Shasha Road to the airport toll gate on the Lagos-Abeokuta expressway.
“In a significant step towards enhancing infrastructure development, the Lagos State Government, through the Office of Public-Private Partnerships and the State Ministry of Works and Infrastructure, has established a partnership with the Federal Airport Authority of Nigeria by signing a Memorandum of Understanding for a 28 km road project”, the release stated.
According to the release, the Special Adviser, Legal, to the Governor, Office of Public-Private Partnerships, Bukola Odoe, who led the government delegation, agreed that the collaboration was aimed to kick-start the construction of a 28km toll road extending from Shasha Road to the Airport toll situated along the Lagos-Abeokuta expressway.
It was agreed that based on the pivotal agreement, which was formalised at the FAAN Annex Office, Murtala Muhammed International Airport, Ikeja, both the Federal and State Governments are to work closely through a public-private partnership framework to facilitate the commencement of comprehensive exploratory works.
This endeavour, according to the release, aligned with the Governor of Lagos State, Babajide Sonwo-Olu administration’s THEMES Plus agenda, specifically targeting the alleviation of traffic congestion along the crucial corridor.
Odoe, in the statement, emphasised that on completion, the project would significantly reduce traffic challenges, thereby, offering considerable relief to residents and commuters in the area.
Also, the Chief Executive Officer of the Federal Airport Authority of Nigeria, Olubunmi Kuku, appreciated the collaboration between the two levels of government in ensuring that the people of Lagos State enjoy the dividends of democracy.
Kuku noted that the project would not only serve the people of the area, but all Lagosians at large.
By: Corlins Walter
Business
Customs Launches Digital Vehicle Verification System To Tackle Smuggling
Business
NDDC Unveils Naval Facilities To Boost Region’s Security
Business
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).
