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November 19, 2021 7,315 Apply For Federal Government’s 5,000 Housing Units In Seven Days

7,315 Apply For Federal Government’s 5,000 Housing Units In Seven Days

The federal government has received 7,315 applications for its 5,000 housing units built under the National Housing Programme one week after the launch.

The Minister of Works and Housing, Babatunde Fashola, said this while briefing members of the Senate Committee on Housing on the programme.

Portal for the National Housing Programme comprising of one, two and three bedroom apartments was launched in Abuja last Friday.

Fashola said out of the over 7,315 applications received from Nigerians as of noon on Thursday, 7,216 were pending, while 99 had been submitted successfully.

He, however, disclosed that while 24 applications had been submitted from the FCT, no single one has been submitted from 20 states.

The Minister said the current National Housing Programme is a pilot or demonstration scheme meant, among others, to galvanize private sector participation.

On Housing deficit, the minister told the Commitee chaired by Senator Sam Egwu that solution to it was not just on building of houses but marketing the empty ones.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

November 19, 2021 Boko Haram Bows To Superior Firepower Of Soldiers In Borno

Boko Haram Bows To Superior Firepower Of Soldiers In Borno

Soldiers today, forced Boko Haram fighters out of the Southern part of Borno State, according to sources.

It was gathered that the insurgents stormed Damboa town around 6:35am and opened fire.

This had created tension among residents but troops reportedly engaged them in a heavy shootout, forcing them to beat retreat.

A security source told our correspondent that the attackers could not stay up to 30 minutes after troops engaged them.

“I can confirm to you that Boko Haram insurgents made an attempt this morning but it was not successful, the troops on the ground in Damboa town thwarted it immediately,” the source said.

November 19, 2021 President Buhari Okays N656.11bn Fresh Bailout For 36 States

President Buhari Okays N656.11bn Fresh Bailout For 36 States

President Muhammadu Buhari has approved a fresh N656.112billion Bridge Financing Facility to the 36 States.

This was disclosed at the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo.

The vice president’s spokesman, Laolu Akande, in a statement issued after the meeting, said each state would receive N18.225billion with a 30-year tenor, and a 2-year moratorium at an interest rate of 9%.

He said the facility was to help the states afford the repayment of previous bailout facilities guaranteed for them by the Federal Government.

He said the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, informed the council that the Bridge Facility is now being processed by the Central Bank of Nigeria (CBN).

Akande said the approved bridge facility of N656.112billion would be disbursed in six tranches over a period of six months to the States.

November 19, 2021 Train Passengers Stranded, NRC Loses Millions As Unions Strike

Train Passengers Stranded, NRC Loses Millions As Unions Strike

The three-day warning strike embarked upon by workers of the Nigerian Railway Corporation (NRC) has grounded train services across the country.

Passengers for the Abuja-Kaduna train services; Lagos-Ibadan, among others, were stranded on Thursday as railway unions down tools to press home their demands for improved welfare.

The Nigerian Union of Railway Workers (NUR) and the Senior Staff Association (SSA) had jointly issued a statement saying the warning strike, which commenced yesterday will end on Saturday.

They said their take-home pay was bad and needed an upward review. The unions said failure to address their grievances would be followed by protracted strike action.

There are concerns that the corporation would lose millions of naira because of the strike.

Meanwhile, the strike action will cost the NRC huge sums in economic losses daily. Checks by our correspondent showed that the NRC might lose over N57 million in the three days the strike action will last on the Abuja-Kaduna train service.

 

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