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President Tinubu Approves 5,000 Houses For Low Income Nigerians



The Federal Housing Authority, FHA, has been mandated by President Bola Tinubu to build 5,000 Housing Units in every state of the Federation for low income earners.

The newly appointed FHA Executive Director, Housing, Finance and Accounts, Dr. Matthias Byuan made this known, weekend, at the inauguration reception organised for him at the home of the Secretary to the Government of the Federation, SGF, Sen. George Akume.

In a statement by the All Progressives Congress, APC, Benue State Publicity Secretary, Dan-Morgan Ihomun, the Executive Director assured that with the directive from Mr. President, FHA would deliver the unit of houses to Nigerians in line with the Renewed Hope Agenda of the President Tinubu-led administration.

He said “FHA has been given the mandate by President Bola Ahmed Tinubu to build 5,000 Housing Units in every state of the Federation for low income earners. And it will be delivered in line with the Renewed Hope Agenda of the administration.”

He urged Nigerians to rally round the administration in its quest to better the lot of the citizenry saying despite the initial teething challenges Nigerians would be happier for voting President Tinubu into power.

Dr. Byuan who thanked the President for appointing him also lauded Sen. Akume’s leadership endowment and support, which he acknowledged as having helped to facilitate his appointment.

According to him, “Sen. Akume is a politician, a father, and a selfless leader who is approachable by people of various backgrounds. He is also modest, kind, and humane. I urge the people to keep praying and standing by him in his quest to bring more Benue sons and daughters into national spotlight.”

Earlier, Elder statesman and Chairman of Benue APC Elders Council, Simon Shango thanked the SGF for facilitating another appointment for a Benue son and called for prayers for him. He described Dr. Byuan as a true son and party man saying “he is a round peg in a round hole.”

Former Senatorial candidate, Lady Helen Atom, also lauded Sen. Dr. Akume for his devotion to Benue State, his constant efforts to empower people, and his determination that Byuan was deserving of the appointment and sued for prayers for him to succeed.

Also, the lawmaker representating Kwande/Ushongo Federal Constituency in the National Assembly, Terseer Ugbor, who spoke on behalf of the National Assembly members thanked Sen. Akume for once again demonstrating leadership by facilitating the appointment of Dr. Byuan who he said “will impact positively on the housing sector in Nigeria and also make Benue proud.”

In a vote of thanks, Benue State Chairman of APC, Comrade Austin Agada, urged politicians to follow the footsteps of Dr. Byuan, “who ran for the seat of governor of Benue State but was denied the party’s ticket.”

He complimented him “for being a unique politician who, in spite of his undeniable popularity and being one of the front-runners with the highest expenditure in the party’s last governorship primaries, declined to file a legal challenge on the outcome when he was denied the ticket.”

Agada expressed gratitude to Sen. Akume “for identifying a committed member who is capable of positively enhancing the lives of Benue people and fulfilling the mandate given him by the President.”

He charged members of the party to remain steadfast in their prayers and support for Sen. Akume and Dr. Byuan.

Present at the event were members of the State

Working Committee of the party, members of the National Assembly, captains of industry, party supporters, friends, and many others.


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Naira Continues To Depreciate Against Dollar Despite Intervention Of CBN



The Naira has continued to depreciat9 against the United States dollar for the fifth time despite the Central Bank of Nigeria’s sale of foreign currencies to legitimate Bureau De Change operators.
FMDQ data revealed that the naira dropped to N1,300.15 per dollar on Tuesday from N1,234.49 traded on Monday.
The figure represents N65.66 (5 per cent) loss compared to the N1,234.49 it exchanged for on Monday.
On Tuesday, the apex bank sold 10,000 dollars each to BDC at N1,021 per dollar.
This is the third recent intervention for BDCs amid the bank’s effort to defend the naira.
On Tuesday, the Economic and Financial Crime Commission, EFCC, said it had frozen about 300 accounts on a cryptocurrency platform to ensure the safety of the foreign exchange market recalled that the anti-graft agency earlier had continued its clampdown on Binance and other cryptocurrency platforms blamed for manipulating the country’s foreign exchange market.
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Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister



Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister
…say poor funding, insufficient gas supply responsible for power deficit
By Gloria Ikibah
Nigeria’s Minister of Power, Adebayo Adelabu, had said that the federal government is working towards the establishment of three gigawatts of solar energy sources across the 25 states in Northern and South Western parts of the country.
According to him, this is a novel approach that will go a long way to solve the power problems, even as he called on state governments to invest in power generation in their states.
The minister stated this at a two-day Power Sector Stakeholders Interactive Dialogue/Workshop organized by the House of Representatives Committee on Power with the theme “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-tier Electricity Market: A Legislative Intervention” on Tuesday in Abuja.
Adelabu who said that hydro energy would be deployed for the coastal cities, also lamented that the country has witnessed incessant collapse of transmission which is caused by lack of adequate infrastructure.
He admitted that most of the infrastructure in the power dates back to the 1960s, with no single backup for the national grid, and called for alternative sources in the situation where there is a collapse of the grid.
The Minister also disclosed that the major factors responsible for the power deficit currently faced by the country is as a result of inadequate financing and insufficient gas supply.
Adelabu who lamented the current state of power supply across the country, however, assured Nigerians of the determination of the President Bola Tinubu-led administration to address the challenges and make Nigeria a suitable place for business.
He said “No sector can function optimally without the power sector. Over the years, poor financing, and inadequate gas supply have been responsible for the energy deficit we have in the country. But a lot of work is going on to address these challenges.”
Earlier in his welcome address, the
Chairman, House Committee on Power, Rep. Victor Nwokolo explained that the purpose of the interactive dialogue/workshop was to provide a dynamic platform for stakeholders to evaluate the progress so far in the Nigerian Electricity Supply Industry (NESI) development.
He revealed that discussions will centre around the seamless transition to a Multi-Tier Electricity Market, as outlined in the Electricity Act of 2023.
According to him, “his transition, holds immense potential to enhance competition, efficiency, and reliability within the electricity market, ultimately benefitting consumers and driving economic growth”.
He said: “Through collaborative brainstorming and analysis, we aim to chart a clear roadmap for this transition, ensuring that it is smooth, inclusive, and conducive to sustainable development.
“Furthermore, this workshop will serve as a platform for stakeholders to explore innovative solutions to the persistent challenges plaguing the power sector. From infrastructure development and financing to regulatory frameworks and consumer engagement, we will examine a wide array of issues and propose actionable strategies for improvement.
“In addition to these objectives, we aspire for this workshop to foster enhanced collaboration and partnership among stakeholders. By bringing together legislators, representatives from government agencies, regulatory bodies, industry players, academia, and civil society, we aim to cultivate a culture of cooperation and collective action towards our shared goal of a vibrant and resilient power sector”.
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How Yahaya Bello withdrew $720,000 from Kogi account to pay child’s school fees -EFCC Chairman



By Francesca Hangeior

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.

The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.

“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’

“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’

Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.

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