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Nigeria’s Ministers to Give First Report in December

Ministers in Nigeria will render the first report on their performance on the mandates outlined for them by President Muhammadu Buhari in December this year.

The Ministers were sworn in and assigned their portfolios in August with President charging them to work to implement the policies of government to ensure security, grow the economy and fight corruption.

Vice President Yemi Osinbajo, who spoke at the 2019 National Annual Conference of the Nigerian Institute of Management, NIM, said this would be part of what “will be done differently on implementation of government plans in this dispensation.”

According to him, President Buhari developed mandates that the ministers were required to meet in the 2nd Term of his administration.

“After the Presidential Policy Dialogue preceding the inauguration of Ministers, the President developed a list of specific mandates for each ministry.

“Each of those mandates had clearly spelt out action points. The ministers are to render their first reports on performance in December.”

Osinbajo said the full and effective performance of the mandates by the ministers is an implementation challenge, requiring the contributions of the NIM on the journey.

Speaking on the theme of the NIM 2019 Conference, “Managing the Challenge of Democracy,” Osinbajo said that the central question in Nigeria, especially in the private sector at present, “is not the lack of talent or well researched policies, but the weakness in getting things done, or implementation, doing things as opposed to talking about doing them.
“Implementation is possibly the central management challenge today. And it is in my respectful view at the heart of the challenges of managing our democracy.

“So in every real sense our problem is a management one. If the NIM achieved nothing else but a prescription on how to resolve the problem you would certainly deserve to be described as national heroes.

“But to take the prize you will need to ensure implementation beginning with your members.”

The Vice President outlined fives issues for the consideration of the NIM that would be necessary in their contribution to the deepening of democracy in Nigeria.
“First is the central question of governance, ethics in the management of public resources; second is the issue of merit over quotas and politics in the selection of talents and projects; third are the challenges in human capital development; fourth is the problems of scale, scale in social services for example education, providing 21st century relevant education to millions of children as the country heads for third place in world population.

“Last but by no means the least is the problem of poverty, and the creation of wealth and opportunity for millions.”


He said government’s approach to the first issue has been to tackle grand corruption and changing systems that promote graft.
Osinbajo said the implementation of such policies as the Treasury Single Account, TSA, the Whistleblower, the Integrated Personnel Payroll Information System, IPPIS, among others, has helped government to tackle corruption.

The vice president also spoke on government programmes on health and education, pointing out the allocation of 1% of the Consolidated Revenue Fund, CRF, to healthcare in 2018, and the launch of the first phase of the Basic Healthcare Provision Fund with the disbursement of N6.5 billion to the first 15 qualifying States and the FCT.
“The next level is the implementation of compulsory health insurance for all Nigerians on a co-payment basis with government.
“We are working at the level of the National Economic Council to achieve the president’s June 20th charge to State governors to ensure full implementation of free and compulsory education in the first nine years of the school life of every Nigerian child.”

Earlier in his address of welcome, the President of the NIM, Olukunle Iyanda, said that the annual conference of the institute provides platforms to critically examine government programmes and policies with a view to making inputs that could help government to achieve them.


Buhari Dissolves Panel for Recovery of Public Property

President Muhammadu Buhari has dissolved the Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) as currently constituted with Mr. Okoi Obono-Obla as Chairman.

The Attorney-General of the Federation and Minister of Justice has been directed to immediately take over all outstanding investigations and other activities of the SPIP.

This was contained in a statement issued on Tuesday by the Special Adviser on Media and publicity, Chief Femi Adesina.

The panel was established in August 2017 by the then Acting President, Prof. Yemi Osinbajo, SAN to investigate specifically mandated cases of corruption, abuse of office and similar offences by public officers.

President Buhari, according to the statement, thanked all members of the dissolved panel for their services.

“The President looks forward to receiving the final Independent Corrupt Practices and other related offences Commission (ICPC) report on the ongoing investigations of the dissolved panel’s Chairman,” it stated.

Source: Nationng

Private Sector Asks Buhari to Listen, Implement Recommendations of new Economic Council

Experts in Nigeria’s private sector have tasked President Muhammadu Buhari to not only listen but also implement recommendations of the newly formed Economic Advisory Council (EAC) in order to avoid the lacklustre performance of the country’s economy recorded in the last four years.

President Buhari on Monday constituted an Economic Advisory Council, headed by a renowned economist, Doyin Salami, to replace the existing Economic Management Team (EMT).

The new council, which will report directly to the president, is saddled with the responsibility of advising the president on economic policy matters, including fiscal analysis, economic growth and a range of internal and global economic issues working with the relevant cabinet members and heads of monetary and fiscal agencies.

But development experts and captains of industry who spoke with BusinessDay on Monday, while commending President Buhari for constituting the EAC, advised him not to treat the council, which is made up of respected economists, as a thing of decoration or as an image-laundering tool.

For s start, they urged President Buhari to act on some of the tough recommendations which some members of the council have spoken about in the past, such as reduction of government recurrent expenditure, increase in budget transparency, support for growth of export sector, accelerating public-private partnership for critical infrastructure that will invite private capital, eradication of fuel subsidies, among others. Muda Yusuf, director-general, Lagos Chamber of Commerce and Industry (LCCI), said the decision to set up an Economic Advisory Council was a step in the right direction.

He, however, hopes the government would also be bold enough not only listen but also follow their recommendations as well. “The newly-constituted economic advisory council is fully loaded with respected economists who will give dispassionate advice unlike politicians. Let’s hope the president will also listen to them,” Yusuf said.

Andrew Nevin, chief economist at PwC, said the establishment of the Economic Advisory Council was a very positive step as the Federal Government has promised to lift 100 million Nigerians out of poverty in 10 years. He, however, said this would only be possible with a private sector that is 10-15 times larger than today.

“The members of EAC are all outstanding thinkers and economists and the chairman Doyin Salami will undoubtedly provide excellent leadership. We are sure if the FG accepts the economic guidance of the EAC, Nigeria will prosper,” Nevin told BusinessDay by mail.

Ayo Akinwunmi of FSDH Merchant Bank said the Economic Advisory Council would set direction for the economy but added that the council is only working in advisory capacity and not economic management team. This, he said, implies the president can either take or ignore their recommendations.

“The more we have intelligent economists engaging or advising the government, the better for the economy. Due to the high calibre of the economic team, if some of the members feel they are just trumpeting, they may want to quit,” Akinwunmi told BusinessDay.

Other stakeholders said the immediate task before the EAC is to solve dwindling government finances which have taken a toll on public infrastructure and economic growth as government has failed to meet revenue projections for the past three years and there are no signs the trend will reverse this year.

In the first six months of 2019, the government raised N2.0 trillion, 30 percent off the mark of projected revenues of N2.9 trillion for that period, and N6.9 trillion for the full-year, according to data by the Ministry of Finance.

The EAC, according to a statement by Femi Adesina, presidential spokesman, will have monthly technical sessions as well as scheduled quarterly meetings with the president.

The chairman may, however, request for unscheduled meetings if the need arises. Other members of the council include Mohammed Sagagi, who will serve as vice-chairman; Ode Ojowu, member, and Shehu Yahaya, member.

Others are Iyabo Masha, Chukwuma Soludo, Bismark Rewane and Mohammed Salisu, who will serve as secretary (senior special assistant to the president, development policy). Salami, chairman of the council, was born in 1963.

He left the Central Bank of Nigeria in November 2017, after a stint as member of the CBN’s Monetary Policy Committee. He is a Senior Fellow/ Associate Professor and fulltime member of the faculty at the Lagos Business School (LBS), Pan-Atlantic University.

Source: businessdayng

FG Signals Plans to Source Capital Market Funding for Family Homes Project

….Finance minister blames lack of cooperation among agencies for poor housing delivery

The federal government hopes to source capital market funding as well as other third party monies to enable it implement the Family Home Fund project, with which it hopes to provide some 500,000 affordable homes for Low income Nigerians and create 1.5 million jobs in the next four years.

Zainab Shamsuna Ahmed, minister of Finance, Budget and Planning, on Monday in Abuja announced government commitment on adequate public funding for the project, but said enough third party monies were also being expected to enable deliver on the ambitious project.

“The Family Homes Fund will receive significant amounts of public money, in addition to other capital from development finance institutions and the capital market,” Ahmed said as she inaugurated the board of the fund, headed by a former CBN Deputy Governor, Suleiman Barau.

The Family Homes Fund which was launched since 2016 and has rarely made any significant impact, was set up against the backdrop of widening housing gap in the country.

The minister raised concerns that lack of co-operation among various agencies tasked with the provision of housing was partly responsible for the poor delivery of affordable housing over the last thirty years.

The Fund is a partnership between the Federal Ministry of Finance and the Nigerian Sovereign Investment Authority as founding shareholders, and the largest affordable housing-focused fund in Sub-Sahara Africa, leveraging its significant capital (in excess of N1trn by 2023) to facilitate access to affordable housing for millions of Nigerians on low to medium income groups.

Authorities believe that through strategic partnerships with various players in the sector and some of the world’s main Development Finance Institutions, the Fund could facilitate and supply 500,000 homes by 2023.

Ahmed said the fund was a push to the realization of President Buhari’s goal of bridging the housing gap and promptly addressing the numerous demands for government interventions in the housing sector.

“The Poor delivery of affordable housing over the last thirty (30) years is, in part, attributable to lack of co-operation among various agencies tasked with the provision of housing,” she noted.

She assured on the present administration’s commitment to the implementation of the Housing Policy through the provision of enough funds for its sustainability in the Medium Term Expenditure Framework for the next five years.

According to her, the housing programme envisaged under the Family Homes Scheme is the largest in the Nigerian history, and if successfully delivered, has the potential, not only to change lives but also to boost Nigeria’s economy.

“It will therefore serve as a catalyst to attract investors, provide land ownership to citizens at a lower rate and mobilise funds through mortgage finance,” the minister further noted.

Ahmed urged the new board to seek and build partnerships, as “it is quite unlikely that the Fund will achieve the expectations of Mr. President, without partnering the others.”

“We expect you to be creative, bold and ambitious,” she urged. “The Federal Government expects a financially sustainable Fund,” the minister noted, adding that whilst the initial capital commitment from Government will be useful, the expectation is that the company will raise significant third-party capital to finance the programme.”

Chairman of the board Suleiman Barau assured the commitment of the board and management of the Fund to provide leadership given the quality of expertise at the disposal of the team.

Responding to the minister’s directive on instituting a strong corporate governance structure considering huge amount of money expected to come into the company, Barau assured that the team will first organize a governance seminar for all staff in order to get the buy-in of everyone, including management and board into set out goals.

Source: Businesdayng

Abuja Authorities Swiftly Move to Curb Recreational Parks’ Abuse

The Abuja Metropolitan Management Council (AMMC) has expressed commitment to mitigate proliferation of nefarious activities within recreational parks in the nation’s capital city.

The Director of Administration and Finance of the Council, Malam Suleiman Abdulameed, gave the assurance in Abuja,

Abdulameed said the council had resolve to embark on enforcement of its laws to address all infractions on approved land use, especially noise pollutions and all sorts of illegal activities around parks and gardens in the territory.

Abdulameed decried increasing illegal structures and activities within approved FCT Parks and Gardens, saying that they are not in conformity with their original land use plan.

According to him, the Council through its relevant departments will not only stop and remove operators of illegal activities within designated Parks and Gardens, but prosecute them to serve as deterrent to others.

“For instance, some places that are supposed to be a garden, have been converted to entertainment spots.

“You will see loudspeakers everywhere, booming loudspeakers and there is always music in the night depriving the residents in such area from having a good night rest and so on.

“So, the minister has directed that FCT Administration will not condone this type of behaviours any longer.

”They had notices before that they should revert to original land use. We are just coming round now, taking the final stock of what is happening here, we are definitely not going to allow this to happen.

” We are calling on Parks operators to revert to the original land use for which these places are meant for.

” We are not giving any definite time. We have to come and enforce them to reverse back to original land use.”

Urban Renewal will Curb Building collapse –Experts

Experts in the built environment have asked government at all levels to consider urban renewal as a major step in curbing the problem of building collapse in the country.

They stated that the problem of building collapse was shameful for a country like Nigeria.

They noted that the government had been encouraging slum development and in turn, building collapse by failing to invest in urban regeneration.

Urban renewal, they explained, entailed clearing out of blighted areas to rebuild slums and create opportunities for higherclass housing.

The President, Architects Registration Council of Nigeria, Sir Dipo Ajayi, said government’s lack of willpower had encouraged slums and compounded environmental challenges.

He cited Ita Faji as an example of the government’s inability to enforce appropriate laws.

“When it comes to building collapse, the government is guilty by 80 per cent. If you go to Ifa Faji and the environ, some of the buildings there were made with brick and mortar and people still lease and build on those houses, some of which are as old as 100 years,” he said.

He said the government should meet with relevant stakeholders and agree that such areas across the state should be demolished and rebuilt.

“The entrance into Lagos is an eyesore like many other places in the city. Jakande in Lekki, for instance, should not be there again. The government has the power to make these things happen and if it is not doing it, then it is culpable,” he added.

Ajayi and other stakeholders spoke at a meeting conveyed by the Lagos State Emergency Management Agency to find solutions to the problem of building collapse in the state.

The Building Collapse Prevention Guild, an advocacy group of building construction professionals, had recently revealed that 36,000 potential collapses were waiting to happen in Lagos alone.

The President of the BCPG, Mr Akinola George, said this was because many of the buildings in Lagos State were old and not constructed by the people who are properly trained to do so.

“A survey revealed that over 45,000 sites existed at a time in Lagos State; 20 per cent of this figure translates to 9,000. Hence by deduction, quacks and other faceless characters by whatever names called are responsible for the remaining 80 per cent. A whooping 36,000 potential collapses are waiting to happen,” he had stated.

The Lagos Chapter Chairman of the BCPG, Adeyinka Ogunseye, who was present at the meeting, said the government should urgently address the problem of distressed buildings.

“They have to be enumerated and dealt with immediately. Look at the collapse in Ita Faji, the building was marked for demolition but nothing was done. The government needs to act fast when it gets sufficient information about such buildings,” he said.

“The government should also make sure it is able to regulate developers and their activities; everybody is now building houses without having the requisite experience.

“We are not saying people who have money should not build but let them employ people who are really qualified to build houses so that building collapse can be reduced,” he added.

Above all, he said the issue of some highly-placed Nigerians violating construction laws due to their position in the society should be addressed.

“The government must be able to avert what we call ‘untouchables’. In other climes, if you are doing what is wrong no matter who you are, the law will come after you. But over here, we have people who circumvent the law and nothing happens,” he added.

A builder, Mrs Modupe Ogunbanjo, noted that enlightening the masses would have a lasting effect as part of efforts towards eradicating building collapse.

“To an extent, the mentality of the people is part of the problem. Enlightening people, especially those in areas prone to collapse will be a right step in the right direction. Again, we have the issue of quality building materials, the government needs to understand the essence of controlling these things,” she said.

Source: punchng

Smart Homes’ll be Future of Property Development –Idyllic

Property development firm, Idyllic, says smart buildings will be the future of real estate development.

The firm stated that based on this, it would be delivering only smart homes to its clients.

According to the Manager, Idyllic Property, Mr Tayo Anifowoshe, technology is fast taking over the conventional way of property development and middle-class investors are also asking for more from developers.

“This is where the world is going. We are also going in line with that and going forward, we will be delivering only smart homes except a client requests otherwise,” he said.

Anifowoshe said the firm recently concluded and sold its first five smart buildings comprising four and five-bedroomed semi and fully detached duplexes in the Lafiaji area of Lekki and had commenced work on others.

He said, “We are building 10 more of such smart homes due to demand. We call them affordable smart homes with technology from Poland. Smart means the house is wired in such a way that the entire system in the home can be controlled with a switch within the building or remotely.

“The system enables homeowners to monitor their house where ever they are as long as they have electricity and internet connection but within the house you only need intranet. People now do everything from their phone; so, it won’t be a bad idea to control one’s home from the phone too.”

He explained that the system was designed to control electricity and sound system and many other home appliances, to give homeowners safety and comfort.

“Additional benefit of a smart home is that if you forget to switch off the lights, television or your sound system, you can quickly do that outside the home via the system. You can also monitor your home from your office or any location in the world,” he added.

Anifowoshe said the firm planned to expand to other parts of the country but after consolidating on its successes in Lagos.

Source: Punchng

Kaduna Revokes Land Allocations from 2015, Sacks 2 Directors

The Kaduna State Government has revoked all land allocations from 29th May 2015.

The state government in a statement faulted the allocations saying they were made without the approvals mandated by the Land Use Act and are, as such, invalid.

Two Executive Directors of Kaduna State Development and Property Company, KSPDC, Architect Daniel Z. Kambai (Operations) and Yusuf Bala Mohammed (Finance & Administration), were also removed.

ICPC Seizes 12 Properties of Pinnick, Other NFF Officials

No fewer than 12 properties belonging to top officials of the Nigeria Football Federation have been seized by the Independent Corrupt Practices and Other Related Offences Commission.

Among the officials affected are President of the Nigeria Football Federation, Amaju Pinnick and 2nd vice president of the football body, Shehu Dikko.

Others newly indicted by the investigation are Head of NFF Technical Committee, Ahmed Yusuf, and NFF General Secretary, Mohammed Sanusi.

Findings by our correspondent on Sunday showed that Pinnick owned a majority of the properties, with one of them situated in the United Kingdom.

A breakdown of the properties seized, according to a document obtained by Sports Extra, shows that Pinnick owns six, Sanusi has three, and two belong to Yusuf.


Though details obtained on Dikko’s seized properties were sketchy, officials of the ICPC earlier seized one of his properties, located on 1, River Benue Close, Maitama, Abuja, on Friday morning.

The document showed Pinnick’s properties seized as a mansion located at 2C Layi Ajayi Bembe Street, Parkview Estate, Ikoyi, Lagos; a bungalow located at 3, Oritsejafor Close, GRA, Warri; Brownhill Event Centre located at Plot 6/7 ELF Road, Ogunmu-Warri, Warri Central, Delta State.

Other Pinnick’s properties seized by the anti-graft agency are a bungalow located at First House, 3rdStreet, DDPA Housing Estate, besides Delta Broadcasting Service, Asaba, Delta State; an apartment at Regents Plaza, 8 Greville Road, North Maida Vale, London NW6 5HU, UK; Plot 1805 Cadastral Zone A10 Maitama II, Abuja vide Right of Occupancy dated 15/05/2019 with file no. DT 64003.

The document listed Sanusi’s seized properties as the house beside the Mosque of Alheri School, off Tsafe Road, near Guiwa Low-cost Housing Estate, Sokoto; Plot 8001 Cadastral Zone E08 vide offer letter dated May 15, 2019 with file number KW30584; and a property at 6A, Tangier Street, off Sudan Street, Zone 6, Abuja.

Two seized properties belonging to Yusuf, according to the document, are a bungalow located at First House on Prison Yard Road, off David Mark Road, Minna, Niger State; and another bungalow located at Bosso Estate, behind State Government, Orphanage Home, Minna, Niger State.

Sources in the anti-corruption agency told our correspondent that the investigation may extend to other officials of the NFF with “suspicious property.”

“This is the first phase of the investigation. Others may be involved later but I can confirm to you that many officials of the NFF are under investigation,” the source added.

When contacted on the telephone, the spokesperson of the ICPC, Rasheedat Okoduwa, debunked reports on social media that seals on Pinnick and Dikko’s houses had been removed.

Dikko’s house was sealed on Friday morning, before officials of the ICPC again proceeded to seal Pinnick’s mansion in Park view Estate, Lagos, in the afternoon.

She said, “Our work is still ongoing. We have seized those properties and other ones. The full list on Dikko’s seized properties will be available tomorrow (Monday). The one for Pinnick and two other characters are already available. But our investigation is ongoing.

“Both Dikko and Pinnick’s sealed properties remain seized. If the seals are removed, those that did that are not our officials. We are investigating something about them. What they have is in excess of what they have earned.”

Okoduwa also debunked reports that President Muhammadu Buhari’s Chief of Staff, Abba Kyari, was influencing the ICPC’s investigation.

An online report earlier claimed that the NFF officials lobbied Kyari to stop the investigation.

But the ICPC spokesperson said, “If we are continuing with our work, including enforcement action, then I don’t see any influence in that regard.

“If we are going ahead with our work, then there is no credence to the allegation. Our action shows that we are independent in the investigation.”

On allegation that the anti-graft agency didn’t get any court order before seizing the properties, she said, “There are different instances that warrant getting court orders. To seize, our (ICPC) Chairman has the power to do so according to our law.”

Source: Punchng

FMBN To Assit FERMA Staff Own Dream Homes

The Federal Mortgage Bank of Nigeria (FMBN) has promised to assist staff of the Federal Roads Maintenance Agency (FERMA) realise their dreams to own houses of their own.

The Managing Director/Chief Executive Officer (MD/CEO) of FMBN, Arc. Ibrahim Musa Dangiwa, made the pledge during a courtesy call on the bank by the management of FERMA, led by its MD, Engr. Nurudeen Rafindadi.

The FMBN MD reiterated the bank’s readiness to work with FERMA towards providing the housing needs of staff of the agency who were among the National Housing Fund (NHF) contributors.

Arc. Dangiwa, therefore, called on FERMA to look into the various products and services of FMBN and decide on the ones that would be suitable for their staff, further explaining the available windows for contributors to access the NHF.

In his response, the MD of FERMA, Engr. Rafindadi, said the purpose of the visit was to build synergy between the two parastatals.

He said the agency also came to the bank to find out how it (FMBN) could assist on the housing needs of FERMA staff.    Source: Dailytrust


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