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Our promise of change to Nigerians has been fulfilled – Buhari

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President Muhammadu Buhari said his administration has fulfilled the promise of change to Nigerians.

Buhari stated this on Tuesday when he presented keys to some new homeowners at the Federal Housing Authority (FHA) Zuba, in the Federal Capital Territory (FCT).

The President in his speech at the inauguration of the estate, which covers a total of 18.5 hectares of land, consisting of 748 units of various house types in 75 blocks, urged the beneficiaries to live together in peace and harmony.

According to him, ‘‘I convey my hearty congratulations to the new homeowners in this estate. Our promise of change has been fulfilled for you.’’

He charged residents of the estate to consciously work together with the FHA to ensure the maintenance of the property and safety of the environment.

Commending the Chairman, Managing Director, Members of the Board and Staff of FHA on the successful completion of the Estate, the President noted that the project was another testament of his administration’s commitment to lift people out of poverty.

‘‘Housing supply is one of the indices of multi-dimensional poverty that challenges our people and the completion of this estate provides a solution for the beneficiaries.

‘‘The new home owners who benefit from this estate have taken a step up on the ladder of prosperity and away from poverty,’’ he said.

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President Buhari, who acknowledged that more Nigerians are waiting to benefit from the mass housing project, urged the management of FHA not to relent in delivering other projects at various stages of construction and development across the states.

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‘‘One of the measures that we have consciously deployed to attack poverty, create prosperity and develop our economy is the aggressive provision of infrastructure nationwide,’’ he said, noting that such investments also lead to creating employment opportunities for artisans and other skilled members of the society.

The Minister of Works and Housing, Babatunde Fashola, said the completion of the project was a product of team work and leadership by the President, who gave approval for appointments into the leadership of FHA Board and Management.

‘‘Instead of abandoned projects, we now have 748 completed housing units for Nigerians and their families to shelter,’’ he said, adding that 75 contractors were engaged in the course of the project, while over 13,000 Nigerians were employed both directly and indirectly.

Fashola told the President that the 5 beneficiaries who received keys to their flats, including Tina Orkpe, Salisu Iliyasu, Ado Maude, Rabina Abdulkadir and Flight Sgt. Musa Mohammed, subscribed through FHA Rent-to-Own delivery model.

‘‘Although many of the beneficiaries of this project will never meet the President personally, your policies and programmes have met them personally at the point of their needs,’’ he said.

In his remarks, Chairman, Board of Directors, FHA, Senator Shuaibu Lawal thanked the President for providing the grant of N7.5billion for the project to commence in May 2018.

‘‘Without that grant, which served as the seed money, this project would not have been possible. Mr President, you take all the credit for what we are seeing here today,’’ he said.

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Lawal, who noted that the Estate is ideal for Nigerians who cannot afford houses in areas such as Maitama and Asokoro in the FCT, lauded the Minister of Works and Housing, FCT Minister, Mohammed Bello, for their passionate commitment to the project.

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The Managing Director and Chief Executive Office of FHA, Senator Gbenga Ashafa, described the commissioning of the project as a manifestation of the visionary and deliberate housing policy of the President, who in keeping with the promise of providing shelter to Nigerians approved the grant to FHA.

He explained that the balance of 2billion of construction cost came from the Authority’s other projects which was ploughed into to complete the estate.

Ashafa disclosed that the Authority has also commenced the development of Bwari Estate, Abuja near the Nigeria Law School, which will deliver 336 units of various houses under the first phase of the project.

He added the proposed Diaspora City initiative, which targets Nigerians in the Diaspora, is in progress, with intention of extending the programme to all the regions of the country, with Abuja as the pilot scheme.

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Peter Obi should be held responsible for anarchy arising from August 1 hunger protest – Presidency

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Bayo Onanuga
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Bayo Onanuga, a senior to President Bola Tinubu, has alleged that supporters Mr Peter Obi, former presidential candidate of the Labour Party, LP, are planning mayhem in Nigeria.

Onanuga claimed that the proposed nationwide protests were being planned by Obi’s supporters, whom he described as failed presidential candidate.

According to him, Obi should be held responsible for whatever crisis that would emanate from the action.

In a post on his X handle on Saturday, Onanuga said the proposed protest planners are also the same people who were instigated by the incarcerated IPOB leader, Nnamdi Kanu to launch the destructive ENDSARS protest in Nigeria in October 2020.

He wrote: “REVEALED: Peter Obi’s supporters are the people planning mayhem in Nigeria: Obi should be held responsible for anarchy

“Don’t be fooled: the malcontents planning to stage nationwide protests are supporters of Peter Obi, the failed presidential candidate of the Labour Party. And he should be held responsible for whatever crisis emanates from the action.

“The protest planners are also the same people who were instigated by IPOB leader Nnamdi Kanu to launch the destructive ENDSARS protest in Nigeria in October 2020. ENDSARS began as a genuine protest by youths against the Police Special Anti-Robbery Squad, notorious for its high-handedness. IPOB members planning to extricate the South East region from Nigeria infiltrated the protest and hijacked it for their own agenda. Lagos still bears the scar of the malicious destruction by IPOB elements until today.

“Two years after ENDSARS, the IPOB and the gullible innocents joined the Labour Party in 2022 to support Peter Obi, a sympathiser of their cause.

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They are the people spreading the hashtags ‘EndBadGovernance’, ‘Tinubu Must Go,’ and ‘Revolution2024’. They are not democrats but anarchists. They are attempting to call out our people via propaganda because their Messiah, Peter Obi, failed to win the Presidency in the 2023 election. As bad losers, they don’t have the patience to wait for another election in 2027; they would rather destabilise Nigeria by staging a civilian coup against President Bola Ahmed Tinubu.

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Two brothers drown in FCT River

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Two brothers drown in FCT River
•The river behind the village
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Two brothers, Joshua and Samson, have drowned in a river in Robukya community in Kwali Ward in Kuje Area Council of the FCT.

A relation of the deceased, Musa Abednego, who confirmed the incident to our reporter on Thursday, said it happened on Tuesday around 9am while they were crossing the river.

He said the brothers, Joshua and Samson, were between the ages of nine and 12 and that they were on their way to the farm when the incident happened.

He explained that the victims got drowned following a heavy rainfall which made the river to overflow.

He said, “Their father asked them to hold on after the rain subsided. Unfortunately, they left home to the farm without him knowing.”

Abednego said their corpses were recovered on Wednesday around 4pm through the help of some fishermen, adding they had been buried.

The spokeswoman of the FCT Police Command, SP Josephine Adeh, was yet to speak on the incident.                                              Daily Trust

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SEE ALSO:  Nigerian Air Force drone crashed not helicopter, Spokesman explains
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CBN intervenes in foreign exchange market

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CBN intervenes in foreign exchange market
Central Bank of Nigeria
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The Central Bank of Nigeria (CBN) has started selling foreign exchange on a regular basis through Authorised Dealer Banks and licensed Bureaux De Change (BDCs) as a response to the current fluctuations in the foreign exchange market.

These fluctuations are primarily caused by the demand pressure coming from corporate entities and the seasonal increase typical during the summer period.

By implementing regular sales of foreign exchange, the CBN aims to stabilise the market and ensure smoother transactions for both businesses and individuals involved in foreign exchange activities.

Director, Financial Markets Department of the CBN Dr Omolara Omotunde Duke in a statement on Friday night assured the public of the bank’s commitment to address the demand pressure and stabilize the foreign exchange market.

Highlighting recent transactions, the CBN disclosed that it sold a total sum of US$106,500,000.00 to 29 authorized dealer banks on Thursday, July 18 and Friday, July 19, 2024.

These transactions took place within an exchange rate range of N1,498.00/US$1 to N1,530.00/US$1. Additionally, the CBN purchased US$9,500,000 (Nine Million and Five Hundred Thousand Dollars) from four authorized dealer banks at rates between N1,510.00/US$1 and N1,550.00/US$1. All these transactions are marked for settlement on July 19, 2024.

The Central Bank also stated its commitment to closely monitor compliance with existing trading rules and regulations by authorized dealer banks. This is seen as an effort to promote ethical conduct and ensure stability in the foreign exchange market.

The general public was also advised to direct their foreign exchange demands to their respective banks and BDC operators, adhering to prevailing market regulations.

SEE ALSO:  Nigerian Air Force drone crashed not helicopter, Spokesman explains

With the regular sale of foreign exchange and ongoing monitoring of trading practices, the CBN aims to meet demand pressure, foster stability, and sustain a well-functioning foreign exchange market.

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