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Yearly Archives: 2018

Aregbesola appreciates Omoluabi Mortgage Bank’s prowess

Aregbesola

Osun State Governor, Ogbeni Rauf Aregbesola has lauded the managerial prowess of the Board and Management of Omoluabi Mortgage Bank Plc., for recording astronomical growth across all lines in the 2017 financial year. The governor described the performance in the year under review as heroic, noting that the bank has made tremendous progress, resulting in payment of dividends to shareholders ...

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Fire destroys property worth millions of naira in Delta

millions

Fire has consumed a farmer identified as Okafor Thomas, and destroyed property worth millions of Naira in Igbodo community, Ika North East local government area of Delta state. It was gathered that the fire started in the wee hours of Thursday in Illabor quarters and could not be put out. A resident of the community, Nkem Nweke who stays in ...

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“Tax credit is a strategic option for financing infrastructure” – Igwilo

tax credit

TAX CREDIT – In 2014, the National Integrated Infrastructure Master Plan estimated that financing Nigeria’s infrastructure would gulp $2.9 trillion in the next 30 years. At N360 per dollar exchange rate, government, therefore, requires N36 trillion annually for 30 years to meet infrastructure development needs of the country. Traditional funding from budgetary allocations to different levels of government can no longer ...

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Nigerians are tired of cheap excuses – NIESV tells Buhari

Nigerians

As controversies continue to rage over the 2018 budget recently signed into law by President Muhammadu Buhari, the Nigerian Institutution of Estate Surveyors and Valuers (NIESV) has declared that Nigerians were tired of excuses. Mr. Rowland Abonta, the President of NIESV, spoke on Thursday in Enugu, where he accused the political leaders of justifying their failure to address critical issues ...

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72 lives lost, 575 others injured in Bauchi road crashes

road crashes

72 people died while 575 sustained various degrees of injuries in different road crashes across Bauchi State within a span of five months. The crashes according to the Statistics of the Road Traffic Crashes released by the Federal Road Safety Corps (FRSC), Bauchi State Sector Command occurred between January and May 2018.‎ According to the statistics there were 141 crashes ...

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Fashola reacts to Jalingo-Wukari collapsed bridge

bridge

The Minister of Power, Works and Housing, Mr. Babatunde Fashola has announced that the bridge linking Jalingo and Wukari at Maraban Gassol in Taraba State collapsed. Fashola, in a statement signed by Mr. Theodore Ogaziechi, the Director of Information in the ministry, said the incident occurred after the downpour on Wednesday evening. He said the contractor on the axis had ...

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40 years obsolete Land Use Act stirs controversy

land use act

There is heightened controversy bordering on Land Use Act. In this report, CHIKA OKEKE writes that the act which hits 40 years in March is jeopardising affordable housing delivery in the country. The challenges militating against the provision of affordable housing is enormous and efforts to address the shortcomings has produced insignificant results. From difficulties in acquiring land, titling and ...

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Delta approves N600m Loan to construct 10,000 housing units

Delta governor

The Delta House of Assembly on Tuesday approved the request by the executive to obtain a revolving N600 million loan from United Bank of Africa for a 10,000 housing unit project. The approval of the request followed a motion moved by the Majority Leader, Mr. Tim Owhefere, at plenary in Asaba which was seconded by Daniel Mayuku (PDP-Warri South-West) Leading ...

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