Like similar schemes before it, the N500 billion real sector fund has fallen victim of internal bureaucracy of the Central Bank of Nigeria (CBN).
The gross inadequacy of affordable housing for the teeming Nigerian populace has been attributed to a number of factors, one of which is the lack of a thriving mortgage market in the country thus making accessibility to mortgage facilities extremely difficult.
Tragedy struck in most part of Lagos State, weekend, when seven persons lost their lives in separate incidents, including an auto crash which claimed the lives of four traders and left three others seriously injured.
WORKERS of the Power Holding Company of Nigeria, PHCN, this morning began an indefinite strike to protest non-payment of monetization of their benefits, balance of 150 per cent salary increase and regularization of the employment of over 10,000 casual/contract workers in PHCN.
Intense scheming and maneuvering will dominate the political space this week ahead of 2011 political race even as plots and counter plots against zoning thicken.
Former Governor of Akwa Ibom State, Obong Victor Attah, yesterday dared the Economic and Financial Crimes Commission, EFCC, to begin his probe over his alleged involvement in monumental fraud while he held office as the state chief helmsman.
Politicians who either think the January 2011 polls might be postponed and those calling for the shift of the exercise don’t need to dissipate energy on the issue. Reason: The matter is foreclosed. President Goodluck Jonathan does not want the handover to be later than May 29, 2011, the Vanguard has learnt.
The Action Congress, AC, has challenged the Federal Government and the National Assembly to provide the required financial resources and the legal framework respectively to make it possible for INEC to organise successful general elections next year.
The Senate Joint Committee on Petroleum Resources (Upstream and Downstream) has declared that the Nigerian National Petroleum Corporation, NNPC, is solvent thereby laying to rest claims and counter claims by government officials that the corporation is insolvent.
SECONDLY, the promise of a free and fair election must be strongly backed by concrete and clearly-independent actions. The exercise of presidential powers, when influenced significantly by political godfathers, casts a dark shadow on promises, and can only heighten the degree of distrust by the electorate in particular, and by all Nigerians in general, of the Federal Government.
The two firms approved by the Federal Government to carry out the new National Identity Management system for Nigeria have given their commitment to ensuring a more robust, secure and efficient identity card system using the most modern technologies for the country.
Christian Chukwu, arguably, the greatest sports ambassador from Enugu State, on July 15,.2010 won election in the state to run for the Nigeria Football Federation elections.
The election was free and fair.
A MILD drama played out at Government House, Umuahia, weekend, shortly after the South-East Peoples Democratic Party, PDP, leadership which came to woo Governor Theodore Orji had left, as the governor told the Progressive Peoples Alliance, PPA, team that came two hours later he had nothing to do with the party anymore.
As the new Independent National Electoral Commission, INEC chairman dusts his table for the task ahead alongside his new Resident Electoral Commissioners, veteran journalist and two time executive governor of Ogun State, Aremo Olusegun Osoba has joined some of the progressives who do not share the optimism that the new INEC umpire is capable of conducting a free and fair election merely because some of the electoral commissioners cannot be trusted.
News
- Shell resumes production after trunkline repairs
- Shekau leading Boko Haram from the shadows
- UN split on Syria action even as killings spike
- Group wades into Anambra doctors’ strike
- Fuel subsidy: Belgore committee begins sitting
- Tough one for Nyako as embittered Speaker takes over in Adamawa
- 25 Boko Haram members nabbed in Enugu



