December 2019

Obaseki

Obaseki Advocates Long-Term Financing For Housing Sector

December 2, 2019 3:53 am

With housing deficit in the country estimated at 17 million, Governor of Edo State, Mr. Godwin Obaseki has advocated a long-term financing model that will give room for single digit interest rate in the housing sector.

This is just as experts in the estate and surveying industry reiterated the need for a robust mortgage system in the country, flexible for every citizen to own a house.

The Governor, stated this at the send fourth and investiture event organised by Knight Frank, Nigeria, for its outgoing and new Senior Partner/Chief Executive Officer (CEO), held over the weekend in Lagos.

Obaseki, …

Is Nigeria Approaching Debt Trap?

December 2, 2019 3:53 am

There are concerns that at the rate at which the federal government is accumulating debt, without commensurate investment in infrastructure, the country may plunge into a debt trap, writes Obinna Chima

Since President Muhammadu Buhari re-presented the 2016-2018 $30 billion External Borrowing Plan of the federal government to the Senate for approval last week, there have been concerns that the country may be heading towards a debt trap.

A debt trap is a situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.

Nigeria, less than two decades …

Melaye Faults Those Congratulating Smart Adeyemi

December 2, 2019 3:52 am

Senator who represented Kogi West at the eighth Senate, Dino Melaye, has berated those celebrating the electoral victory of Mr. Smart Adeyemi in last Saturday’s rerun election.

The Independent National Electoral Commission had declared Adeyemi the Senator-elect for Kogi West, having polled a total of 88,373 votes, compared to Melaye’s 62,133 votes.

Read Also: 2023: Southeast Needs To Work Hard For Presidency –Nwaka

But Melaye had tweeted yesterday: “Congratulating Smart Adeyemi will amount to congratulating an armed robber after successful operation.”

 

THISDAY…

Housing

FG Should Recover, Tax Abandoned Properties, Says Adelakun

December 2, 2019 3:52 am

Yemi Adelakun is the Managing Director and Chief Executive Officer of NISH Affordable Housing Limited. Apart from being the Executive Chairman, Nigeria Integrated Social Housing Co-operative Society Limited and Managing Consultant, Skytech Institute Limited, he is also the President, Housing Finance and Investment Network and Convener of the Nigeria Housing Finance Conference on Affordable Housing.

A Chartered Manager and fellow of Chartered Management Institute,  Adelakun  joined  the civil service in 1983 and retired  as a  Permanent Secretary in the Office of the Head of the Civil Service of the Federation.

“When I retired, because of my experience in the  Federal

…

Obasanjo Restates Importance Of Credit–Based Economy

December 2, 2019 3:51 am

Former President of Nigeria, President Olusegun Obasanjo has listed integrity and trust as important elements in managing credit-based economies.

Obasanjo, who stated this at the Annual Induction/Nigeria Credit Industry Award 2019 of the Instititute of Credit Administration (ICA) said that  today, there is strong credit availability in finance world for development-oriented programmes including those in agribusiness, education and the provision of infrastructure.

Read Also: 2023: Southeast Needs To Work Hard For Presidency –Nwaka

“ To be successful player in this space, we must demonstrate trust and ability to manage creditlines judiciously, corruption free so that future generations of Nigerians who …

Farmers

Borders: Why Local Farmers Can’t Meet Nigeria’s Food Needs

December 2, 2019 3:51 am

The closure of Nigeria’s land borders with neighbouring – Benin Republic, Niger and Cameroon – since August 20, this year to check smuggling of rice, poultry products, among other food products, and illegal movement of light arms, was expected to boost local food production to bridge the gap created by the Federal Government policy

But rather than see more food stuff available in the market, the country has been witnessing increasing  scarcity and price spikes on local rice and poultry products which are among the major food items  being smuggled into the country. Local rice farmers and poultry producers blame …

Nigerians

Osinbajo Task Nigerians On Selfless Service To Humanity

December 1, 2019 5:01 pm
The Vice President, Professor Yemi Osinbajo; Osun State Governor, Adegboyega Oyetola; former Heads of State, General Yakubu Gowon and General Abdulsalami Abubakir, have charged Nigerians on selfless service to humanity, describing it as ultimate to national development and nation building.
They called on Nigerians to imbibe philanthropic spirit by dedicating their wealth and resources to serve God and to impact positively on the lives of others.
The four eminent Nigerians stated this on Saturday during the unveiling and dedication of Owa Ofokutu (Memorial) Ecumenical Centre (OOFEC), in Ilesa, Osun State.
Owa Ofokutu, was the Paramount Ruler of Ijesa land from
…

Constituency Projects: South-West Gets Least Allocation

December 1, 2019 4:57 pm

A report on the distribution of Zonal Intervention Projects (ZIPs) has shown that the South West has the lowest appropriation of funds amongst the six geo-political zones in Nigeria.

The report was prepared by the Independent Corrupt Practices and other related offences Commission (ICPC).

It shows the zone by zone and state by state distribution of the N100 billion constituency projects sponsored by members of the National Assembly in their various constituencies in the 2019 budget.

According to the report titled: “Breakdown of 2019 Zonal Intervention Projects (ZIP) Allocations,” the South-West got N14.28 billion worth of projects for the year …

RMD And Ntare Guma Mwine To Star In Kenneth Gyang’s Film

December 1, 2019 4:55 pm
Award-winning director Kenneth Gyang is set to shoot his fourth feature film which will be produced by Gyang’s outfit Cinema Kpatakpata, and will follow his ground-breaking debut Confusion Na Wa, the Nigeria-Norway coproduction Lost Café and Oloture,  which received its African premiere at the prestigious Carthage Film Festival in Tunisia.

The new picture is currently in pre-production under a working title and has been described by insiders as an Indiana Jones-type adventure set in one of Nigeria’s many beautiful towns.

Nollywood great Richard Mofe Damijo (popularly known as RMD)

…

Nearly 70 Dead In Syria Regime Clashes With Idlib Militants

December 1, 2019 4:55 pm

Two days of clashes between regime forces and armed groups in Syria’s last major opposition bastion have killed nearly 70 on both sides, a war monitoring group said Sunday.

The battles in the northwestern province of Idlib are the most violent there since a Russian-brokered ceasefire agreement went into effect in late August, said the head of the Syrian Observatory for Human Rights.

On Sunday morning, clouds of smoke rose over the Maaret al-Numan region as warplanes pounded jihadists and allied rebels in positions they had recently recaptured from regime forces, said an AFP correspondent.

…

Fire Guts Owode-Onirin Market In Lagos, Destroys 15 Shops

December 1, 2019 4:54 pm

Fire on Sunday destroyed 15 shops and damaged other property at the Owode-Oniri Market in Lagos State.

The Director-General, Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, told the News Agency of Nigeria (NAN) at the scene that the fire started at 10: 27a.m.

NAN reports that a LASEMA team was on hand to put out the fire.

The director-general said that the fire emanated from one of the several lines of shops in the market.

“The cause of the fire is still unknown as there is no …

Man Utd Lose More Ground On Top Four After Villa Draw

December 1, 2019 3:13 pm

Manchester United are eight points adrift of the Premier League top four after throwing away a second half lead to draw 2-2 with Aston Villa at Old Trafford on Sunday.

Jack Grealish shot Villa into the lead with a superb solo effort midway through the first half, but United levelled before the break when Marcus Rashford’s header hit the post and came off Villa goalkeeper Tom Heaton into his own net.

Victor Lindelof then headed United in front, but the lead lasted just two minutes before Tyrone Mings secured a deserved point for Dean Smith’s visitors.

Villa remain just …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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