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Tag Archives: Federal Government

FMBN Spends N1.4bn In Niger

Wemabod launches N3 billion Unity House redevelopment

“The Federal Mortgage Bank of Nigeria (FMBN) says it has spent N1.4bn for the development of 379 housing units in Niger State, as part of effort to bridge the 17 million housing gap in the country. Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri who stated  this at the commissioning of the FMBN and Sea Mountain ...

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Ex-MD drags FG to court over coal corporation property

How Ex-Naval Chief, used family company to acquire N600m property

According to Daily Post, a former Managing Director of the Nigeria Coal Corporation, NCC, Sir Evarist Ibe has nursed fears over plans to eject him from his residence. He has therefore, dragged four agencies of the Federal government with its consultant, C.A Chizea & Co to the National Industrial Court Enugu division, for government’s inability to include him in the ...

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Federal Housing Scheme: FG pledges equal Opportunities for all Nigerians

Fashola and federal housing scheme

According to Leadership, the federal government has pledged that the housing units to be built under the Federal Housing Scheme (FHS), will be allocated to all Nigerians, irrespective of their states’ of origin and economic status in society. Minister Of Power, Works and Housing, Mr Babatunde Fashola made the pledge yesterday in Maiduguri while speaking to newsmen shortly after inspecting ...

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FG mulls workers’ estates as developers unveil mass-housing projects

17 million housing deficit

The Federal Government has concluded plans to float a mass-housing scheme for public sector workers in states in order to reduce the housing problem in the country. “Coming under a public private partnership, implementation of the scheme has reached an advanced stage. The project will be completed in the next three years.”- The Guardian Minister of State for Power, Works and ...

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TUC lauds Nigerian govt on 10 per cent housing equity waiver

TUC lauds Nigerian govt on 10 per cent housing equity waiver

“The Trade Union Congress, TUC, has commended the Federal Government on waiver of the initial payment of 10 per cent housing equity on mortgages below N5 million from housing off takers. Bobboi Kaigama, TUC, President gave the commendation on Monday in an interview with the News Agency of Nigeria in Abuja. The Federal Government had recently approved that henceforth mortgages ...

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Federal Government set to provide affordable housing in Nasarawa

Housing units in nassarawa

The Federal Government is committed to providing affordable housing to cover up for housing deficit in the nation.  According to Channels Television, the Minister of State for Power, Works and Housing Mustapha Baba Shehuri stated this while commissioning 205 housing units at Karu in Nasarawa state which was financed by the Federal Mortgage Bank (FMB) through the National Housing Fund. ...

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2017 BUDGET: FG to spend N2.3bn on frivolous maintenance services

2017 budget

According to Vanguard, the Federal Government will spend the sum of N2,278,074,420 on unspecified maintenance services, this year, going by some proposals in the N7.298 trillion 2017 Appropriation Bill currently being considered by the National Assembly. The figure is the summation of allocations to ‘’Other Maintenance Services’’ (OMS) by various ministries, departments and agencies of the Federal Government. With the ...

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FG approves 10% waiver on housing mortgages below N5m

FG waives 10% payment on housing mortgages below N5m

“As a demonstration of its commitment to provide affordable housing to Nigerians, especially the low income earners, the Federal Government has approved 10 percent waiver on housing mortgages below N5million for Nigerians”- reports Vanguard According to Vanguard, Minister of State for Power, Works and Housing, Mr Mustapha Baba Shehuri, announced this during the commissioning of a 125-unit housing estate being ...

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Federal Government Meets Investors on the Issuance of Sovereign Green Bonds

Green bonds

According to Proshare, “Nigeria is committed to sustainable economic development. The Lagos Event is a concrete step in the process of developing and issuing our 2017 sovereign green bonds program ‘- Amina Mohammed, Minister of Environment Nigeria’s aspiration to become a green economy inches closer as The Federal Government meet investors and Capital Markets Operators in Lagos for the first ...

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Federal Universities to Enjoy Stable Electricity from December 2017

power stations

Federal Government has promised that the 40 federal universities can expect access to uninterrupted power supply within the next 12-18 months, beginning from December 2017. According to a statement issued in Abuja by the Director of Press and Public Relations in the Ministry of Education, Ben Goong, the government plans to achieve this through its Energising Education Programme Initiative by utilising off-grid Independent Power ...

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