Nigeria Signs MoU For Construction Of 10,000 Housing Units

Nigeria, HousingThe Federal Mortgage Bank has signed a Memorandum of Understanding (MoU) with housing development partners to generate funds to the tune of $2 billion for the construction of over 10,000 housing units across Nigeria.

The documents were signed on Thursday by the Managing Director of the bank, Mr Richard Esin, the Managing Director of an estate developing company, Shelter Afrique, Mr James Mugeruwa, and the President of the Real Estate Developers Association of Nigeria, Mr Ugo Chime.

After the signing, Mr Esin disclosed that $200 million would be disbursed annually to real estate developers to secure home ownership for Nigerians through mortgage.

“We needed to bring in Shelter Afrique to work in partnership with the Real Estate Developers Association of Nigeria to make available some funds over the next 10 years to give impetus to the national housing model by providing the other members with the necessary construction finance that would be required to drive the national housing model,” he explained.

The Shelter Afrique boss, on his part, highlighted the significance of the investments which he said would span for 10 years.

“The focus is not only in having housing units delivered but we also look at the secondary benefits that come out of it; job creation for the women and the youths, impact which is a core part of our strategy, environmental friendly housing (and) energy efficiency in all the thing that we do,” Mugeruwa said.

Mr Chime also stressed further on the benefits of the deal, saying: “We are now trying to build a seamless interface from construction finance to construction and to mortgage creation.

“When we reduce the timeline involved in some of these issues, it reduces the cost because one of the biggest costs is cost of the funds employed”.

Innoson Automobile To Provide Kogi Refuse Bins

Waste evacuation trucks of innoson automobilesKogi State government has signed a Memorandum of Understanding (MoU) with Innoson Vehicle Manufacturing Company Limited for the supply of refuse bins.

The Secretary to the State Government, Mrs Folashade Arike, signed the agreement on behalf of Kogi State government while the company’s Sales Manager Mr Kosy Maduanusi, signed on behalf of the company.

The MoU stated that the purchase would be assessed at zero vat of 50 per cent loan facility and would ensure that different sizes of dustbins ranging from 240 liters and 120 liters for a household, 660 liters for business premises, and 60 liters for offices are supplied.

In her speech, Mrs Arike commended the company for its willingness to collaborate and help the state to get rid of refuse.

Not Free For Residents

She said that when the present administration came on board, the Lokoja city and its suburb were in a filthy situation because residence had turned the street into a dumping ground.

”I am happy I have a clean copy of the MoU with me and I feel proud as a representative of the government to append my signature on the MoU on behalf of Kogi State government,” she stated.

In her remark, the Commissioner for Environment and Natural Resources, Mrs Rosemary Osikoya, said the MoU would be assessed at zero vat of 50 per cent loan facility to solve the problem of indiscriminate dumping of refuse in the state.

”We thank his excellency for given the approval. This agreement is a revolving loan cycle where the state put up an initial amount and the company supplies sanitary bins in different categories, based on our needs per time,” she said.

The commissioner, however, pointed out the dustbins which would come in 240 and 120 liters for household 660 liters for business premises, and 60 liters for offices, would not be free for residents.

The company’s Sales Manager said that the agreement was meant to bring out the company’s products of world class quality to the state.

He said it would also ensure that the state was clean to support the blueprint agenda of the present administration.

Government agencies have been asked to consider made in Nigeria goods before imported in their procurement.

Abia State Govt. Private Investor In Huge Palm Production Agreement

palm production in Abia StateAbia State government has signed an agreement with a private investor that may see the state become the largest palm producer in Nigeria.

The State government says the Memorandum of Understanding will produce an Abia State Palm Estate in Ohambele in Ukwa East Local Government Area of the state to increase the wealth of the State.

The Palm Estate is expected to support the governor’s drive to restore the state as the number one palm producer and create jobs for youths.

The Commissioner for Agriculture, Mr Uzo Azubuike, assured the investor that the state government would keep their part of the agreement.

He highlighted that the state government was in a hurry to return the state to the years of palm plantations dotting the landscape of the state.

“Part of what we are signing now is that the private investor, S-ATM Nigeria Limited will build an oil mill inside the Palm Estate here in Ohambele.

“This palm estate is expected to employ more than 5,000 Abians, with greater percentage of the employment from the Ohambele community.

“The government will leave no stone unturned in bringing to materialisation one of the pillars of this administration in the area of revitalisation of agriculture,” he told the investor.

Meanwhile, the investor and his bankers expressed appreciation to the State government for providing the enabling environment for them to do business in the state without excessive bureaucratic bottlenecks.

The Managing Director of S-ATM Nigeria Limited, Mr Ogunleye , assured the state government that his company would fulfill the terms of the agreement which include investing the needed funds to realise the goals of the state palm plantation which is to reduce unemployment.

“My assurance to you is that more than 40 per cent of the company’s employees will be Abia residents and also the members of the host community, thereby reducing the rate of unemployment in the state,” he told the state government official.

The investor and his bankers expressed appreciation to the State government for providing the enabling environment for new investors to do business in the state without excessive bureaucratic bottlenecks.

Ooni of Ife Urges Traditional Leaders To Support Youth Empowerment

Ooni of Ife, youth empowermentThe Ooni of Ife, Oba Adeyeye Ogunwusi, has challenged ‎other monarchs across the globe to be dedicated towards youth empowerment in their various communities, so as to reduce the rate of unemployment in the country.

Oba Ogunwusi said this at the signing of a one billion Naira Memorandum of Understanding (MoU), between the ‎House of Oduduwa and the Bank of Industry, (BoI), which would provide loan facilities to both women and youths in Ile-Ife. Osun state.
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Prominent among the features of the MoU is the provision of one billion Naira loan at an interest rate of 7.5 % to the beneficiaries.

Oba Ogunwusi signed for the House of Oduduwa, while the Acting Managing Director of ‎BoI, Mr Waheed Olagunju, represented the financial institution.

The monarch emphasized the need to get youths empowered, saying that it was necessary for the nation’s continuous growth.

According to him, “I challenge monarchs across the country to be dedicated to developing youths in their communities.”

He said, “I won’t mind going hungry to empower the youths. If the youths of today are empowered, many generations will benefit from them and poverty will be abolished.

“Today’s event is another giant step in the history of Ile-Ife. We are moulding the future of our youths in the areas of agriculture and agro-allied industry.

Therefore, “I put a challenge to other monarch’s to engage in community partnership. We should stop relying on government. There are so many initiatives that community leaders can tap into.

ooni-of-ife-mou“Community leaders should go into partnership with multinational companies and financial institutions to benefit these people.

“This one billion Naira funding will obviously help the youth of the entire House of Oduduwa and beyond. This is a very good template that should be emulated by others. As monarchs, we should think of what we can do for our people and support government in its empowerment moves.

“Government at all levels should set up a body that will particularly focus on local contents initiative. The body should also be responsible for quality assurance and‎ control. With this, over 60% contracts will have local input.”

On his part, Waheed Olagunju explained that the initiative was aimed at reducing youth unemployment in communities.

According to him, a substantial part of the loan would be disbursed to women and businesses that show high sustainability, agriculture, solid minerals and services, especially those who deal in Made in Nigeria Goods.

He said, “We have been partnering with multinational and corporate companies, but today we are collaborating with traditional rulers. These are people who have access to the grassroots.

He stressed that partnering with them is a way of ‎democratizing entrepreneurship.

“We identify areas in which communities have comparative advantages and invest in them.

Explaining further he said: “The beneficiaries will be selected using the world best practices. For this edition, about 15 to 20% of them will be those who deal in local products. ‎We are working with the entrepreneurship centre of Obafemi Awolowo University, Ile-Ife.

“Applications are expected to be submitted and a joint committee of BoI team, the Oduduwa House and OAU team would assess it.

“They are to be monitored by members of the committee and elders, especially the traditional rulers. We estimate that about 5,000 youths will benefit from this,” he said.

Also speaking, the Chief Executive Officer of Hephzibah Network, Olamide Awosunle‎, estimated that with the loan, Ile-Ife would begin to supply food to South-West states.

“This is to complement the Agro-prenuership Summit and it will help to grow Ile-Ife and south Western Nigeria.

“In a short time, Ile-Ife will be ‎feeding the whole nation and South West states especially will depend on Ile-Ife to get food,” ‎Mr Awosunle stated.

Yobe, Sudanese Government Partner For Establishment Of Medical School

yobe, Sudanese University, medical schoolThe Yobe state Governor, Ibrahim Gaidam has sought for collaboration and effective partnership with Sudanese Al- Ahfad University, Khartoum, for the commencement of the School Of Medicine of the Yobe State University.

The Governor made the call when he received visiting professors and council members of Al-Ahfad University, who called on him at the Government House Damaturu, the state capital.

Governor Gaidam said the need for the partnership which could be achieved through a Memorandum of Understanding (MoU), was born out of the fact that the College of Medicine is set to kick-off at the Yobe state University, in 2017.

“To this end, I wish to request for collaboration from the Sudanese Government and institutions, towards take-off of the Yobe State University School of Medicine, as this will scale up studies and research in our school and it will greatly encourage training and exchange of ideas”.

The request of the partnership according to the governor, was based on the fact that Sudan has the largest number of Yobe students, studying medical sciences abroad.

“Available records have indicated that that there are 163 Yobe state students, studying medicine and related fields in Ten Sudanese Universities.

“This represents about 40% of Yobe indigenes studying medicine within and outside Nigeria and out of the 163, 10 are studying at Al-Ahfad University,” Governor Gaidam explained.

The required fields of medical sciences according to the governor are in the areas of Anatomy, Physiology, Biochemistry and Pharmacology as well as students exchange programmes for students of Sudan universities and university teaching hospitals.

He informed the team of the peace currently being enjoyed across the state and the efforts government has invested in remodeling hospitals across the state.

This according to him, would provide enabling an environment for the medical profession.

The leader of the delegation, Professor Mubarak who gave a vivid requirement of setting up a college of medical sciences, assured the Yobe state Government of partnership that would lead to the establishment of the school of medical sciences in the Yobe state University.

He assured that “the partnership will further scale up the number of medical students studying in Sudan as well as provide scholarships that would also encourage learning among the undergraduates”.

Furthermore, both parties discussed the need for partnership in other fields in which development still seems rudimentary across the state.

UNHCR, ECOWAS Sign MoU To Tackle Issues Of IDPs, Others

Angele Dikongue-AtanganaThe United Nations High Commission for Refugees, has signed a Memorandum of Understanding with the Economic Community of West African States, to jointly improve the situation of displaced people in the West African sub-region.

The UNHCR  has also predicted that people living in the Bakassi area may not be able to prove a link with either Nigeria or Cameroon in the nearest future.

The commission’s representative to Nigeria, Mrs Angele Dikongue-Atangana, made this known at a meeting in Abuja on Wednesday.

She noted that the partnership framework between UNHCR and the ECOWAS parliament “comes at a critical time in the sub-region, where additional efforts are needed to improve the protection of the environment for persons of concern, and ensure the full respect of their rights”.

Mrs Angele explained that through the MoU signed on Wednesday, UNHCR and the ECOWAS parliament have formalized their cooperation into a framework.

UNHCR, ECOWAS, IDP'sAccording to her, “this would allow both organizations to better protect the rights of asylum-seekers, refugees, returnees, IDPs, stateless persons and those at risk of statelessness.

“It would also ensure proper interpretation and application of relevant international, regional and national laws” she explained.

For the sake of clarity, she went further to describe the stateless person, saying that there were many of them currently found in one state or the other within the sub-region.

“They are not citizens of those states, but cannot point to any other country of their origin because they found themselves there as displaced persons due to violence, hunger, disaster among others,” she added.

She admitted that the issue of statelessness was very old, and recalled that in 2014, a decade of combatting the issue was declared.

She, however, expressed hope that the partnerships that the UNHCR is entering into across the world, would bring the issue to an end eventually by the year 2024.

Nigeria To Get $4bn Loan Facility In Oil Sector Investment – Kachikwu

KachikwuThe Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says Nigeria expects as much as four billion dollars in loan facilities for infrastructure development in the oil and gas sector.

Dr. Kachikwu gave the hint on Wednesday ahead of a 40-member Chinese investment team’s visit to Nigeria at the end of October.

He told journalists after the Federal Executive Council meeting on Wednesday that the loan facility was independent of the $75.6 billion oil sector investment Memorandum of Understanding signed at Nigerian National Petroleum Corporation’s China Road Show in July.

The Minister said $40 billion was the original target, being the total cost of Nigeria’s oil infrastructural gap.

He further told reporters that despite an expected gestation period of one year for the hatching of business incentives and terms of investment arising from different agreements the nation had entered into, the country would take advantage of some readily available facility lines.

Nigeria’s oil sector had witnessed lesser activities, since the price of crude oil dropped, dipping the nation’s revenue.

Nigeria largely depends on crude oil sales for its revenue, but the government has reiterated the need for a shift from crude oil to other sectors to raise money and reflate the economy in recession.

Dr. Kachikwu had at the roadshow described Nigeria as a reservoir of natural resources waiting to be tapped.

The Minister urged the Chinese investors to join their counterparts who have invested in Nigeria and were doing well in various sectors of the economy.

Liberal Policies

Dr Kachikwu stated that Nigeria was a preferred investor’s destination because of its liberal policies and quick returns on investments.

The Minister also signed an agreement worth $30 million.

A top official of the Nigerian National Petroleum Corporation (NNPC), Anibor Kragha, who presented the areas of investments to the businessmen, described Nigeria’s oil company as the biggest investment in the African continent looking for partners that will be part of Nigeria’s oil and gas revolution.

Kragba assured the businessmen of a friendly environment and quick returns on investments in Nigeria’s oil industry.

Also at the roadshow, an indigenous investor in the industry, Dr Bryant Orjiakor, lent his voice to the attraction in the nation’s oil and gas industry.

According to Orjiakor, Nigeria’s oil and gas industry was a major platform on which the country aim to expand its economy.

He identified Nigeria’s population as an advantage for quick yields on investments.

Nigeria is targeting about $15 billion foreign investments from China and the Gulf States to replace and expand its ageing infrastructure in the oil industry.

The NNPC also targets $50 million investment from its roadshows and its major target of investors are in China, India and the Gulf Countries.

Nigeria, UK Sign Agreement On Stolen Assets

Robert-Goodwill-and-Abubakar-MalamiThe government of the United Kingdom has reaffirmed its commitment to recovering and returning stolen assets to Nigeria.

It says returning the funds to Nigeria will send a clear message to all who may seek to harbour stolen assets overseas that there is ‘no safe haven’ in the United Kingdom.

The Minister of State for Immigration of the United Kingdom, Mr Robert Goodwill, briefed reporters in Abuja about the agreement shortly before signing a Memorandum of Understanding with the Federal Government of Nigeria.

Mr Goodwill announced that 40 jurisdictions, including British Overseas Territories, would share beneficial ownership information relating to companies, trusts and foundations in order to expose owners of stolen assets.

“Let me be clear that my government is fully committed to the return of all funds looted from the Nigerian state.  We will do this as soon as the necessary legal processes allow.

“As outlined in the summit, we will be taking steps to accelerate the procedures for identification and confiscation of illegally acquired assets.

“We are committed as is Nigeria to ensuring that beneficial ownership of assets is made available to relevant authorities so they know who the real owners are of assets held in the UK,” he said.

The Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami, who signed the agreement on behalf of the Federal Government of Nigeria assured Nigerians that returned assets would not be misappropriated again.


Efforts of the current administration of Muhammadu Buhari to recover Nigeria’s assets stolen and taken to the UK were heightened at the anti-corruption summit held in London where the President made an emphatic call for the funds to be returned to the oil rich nation.

President Buhari told the summit that he was more interested in repatriating Nigeria’s stolen assets than any apology from British Prime Minister, David Cameron, following sour remarks ahead of the Anti-Corruption Summit.

FG To Launch Clean And Green Programme

Amina-Mohammed-Environment-Clean-And-Green-ProgrammeThe Minister of Environment, Amina Mohammed, says the Federal Government will soon launch a clean and green programme.

Mrs Mohammed said that the programme would address the menace of indiscriminate disposal of plastics and polythene bags.

She gave a hint of the plan on Friday at the 10th National Council on Environment held in Lafia, the Nasarawa State’s capital in north-central Nigeria.

Ms Mohammed told reporters that the aim of the programme was to protect the environment from pollution and at the same time create entrepreneurs in waste management and alternative cleaner energy sources.

The Minister of Niger Delta Affairs, Useni Uguru, on his part, urged Nigerians to understand the decisions of the government in protecting the environment.

Nasarawa State Governor, Tanko Almakura, said that the conference was a platform to call on investors to harness the solid minerals that abound in the state.

He noted that the partnership with investors would go in line with the diversification policy of the Federal Government.

The National Council was tagged “Environment and the Sustainable Development Goals (SDGs) in Nigeria: Empowering People, Taking Climate Action and Protecting the Environment”.

The Environment Minister had earlier signed a Memorandum of Understanding with the Nasarawa State government, for a partnership to achieve the goals of the ministry.

Governor Almakura lauded the signing and described it as a timely partnership.

Anambra Signs MoU On Housing Projects With Two Companies

Housing, Anambra, Willie ObianoThe Anambra State government has signed a Memorandum of Understanding on housing development with two investment companies, Rockland Development Institute and Lake Petroleum Limited.

Signing the agreement on Friday at the Governor’s Lodge, Amawbia, Governor Willie Obiano said that the move was to further make housing affordable to the people of the state.

He explained that the numerous housing projects which his administration is undertaking was to reverse the uncomplimentary trend where Anambra citizens who work or do businesses in the state live in neighboring states due to lack of affordable accommodation.

The Governor expressed hope that the projects would provide a desirable housing development model.

The Managing Director of Anambra State Investment Agency, Mr Joe Billy Ekwunife, remarked that the outstanding benefit of the project was the reclamation of lands threatened by erosion.

The Executive Director of Lake Petroleum Limited, Mr Valentine Mbaji, commended the Governor’s effort in the area of security which he said has continued to attract investors.

He gave the assurance that the project would provide the much needed urban renewal for Onitsha.

The Managing Director of Rockland Development Institute, Mr Obi Eneh, on his part, assured Governor Obiano of his company’s full commitment to delivering a world class housing project to the state.

The Rockland MoU total investment was put at $10.8 million for the development of 450 plots of land in a new town layout, Baron Estate Court in Awka, the state capital.

The Lake Petrol deal was put at $7.2 million for the development of a state-of-the-art estate on 60 standard plots to be called Divine Mercy Estate located in Onitsha, the Abia State commercial capital.

Cross River To build Canadian International School

Cross River, Canada, Ayade, international schoolThe Cross River State Government has concluded paper work with the Canadian Government in Ottawa, Canada to enable the takeoff of a Canadian international school.

The school will provide learning facilities for primary, secondary and a tertiary institution in Calabar.

Cross River State Governor, Ben Ayade disclosed this upon arrival at the Margaret Ekpo International Airport following his trip abroad to acquire practical knowledge on how the state can develop in some sectors.

Answering questions from pressmen at the airport, Ayade said that the state decided to partner Canada owing to the fact that the country is rated the best in terms of education in the world.

The Governor said that his administration would stop at nothing in giving the educational sector a face lift which will in turn birth new study system that will encourage learning in schools as practiced in developed countries.

Ayade added that, a builder’s school will also be built in the state to encourage local talents gain international recognition as the state sets to build new cities.

Being away for more than three weeks, the Governor said, he was happy to be back to the state to put into practice all he learnt abroad.

In June 2016, the Canadian Bureau for International Education (CBIE) and the Cross River State Government had signed a Memorandum of Understanding (MoU) on education in Ottawa, Canada.

The MoU signing came barely 24 hours after the Canadian Government and Cross River State concluded a deal on trade and investment.

The President of CBIE, Kate Mebride, signed on behalf of her bureau while Governor Ben Ayade signed for Cross River State Government.

 

Canada, Cross River Sign MoU on Education

Cross River, Canada, AyadeThe Canadian Bureau for International Education (CBIE) and the Cross River State Government have signed a Memorandum of Understanding (MoU) on education in Ottawa, Canada.

The MoU signing came barely 24 hours after the Canadian Government and Cross River State concluded a deal on trade and investment.

The President of CBIE, Kate Mebride, signed on behalf of her bureau while Governor Ben Ayade signed for Cross River State Government.

Speaking at the ceremony, Governor Ayade said that the intent and import of the MoU “is to create a new celebration for the Cross River State Government to ensure that all citizens and indeed, all Nigerians have quality education that is akin to the Canadian Standard”.

During the 2016 Children’s Day celebration, the Governor had announced plans by his administration to build a model school of Canadian standard in each of the three senatorial districts in the state.

He said that the signing of the MoU was therefore, an opportunity to expand the scope to include the builders’ school, a reconstruction of academics to improve hands-on experience learning.

Before the MoU signing ceremony, the Governor was given a tour of some technical schools in Ottawa, Ontario.