COMMISSIONER representing Ughelli South, Udu and Uvwie Local Government Area on the board of Delta State Oil Producing Areas Development Commission, DESOPADEC, Mr. Festus Utuama, has restated the commitment of the board to the welfare and training of its workers.

The Federal Mortgage Bank of Nigeria (FMBN) recently introduced the Informal Sector Cooperative Housing Scheme, in a bid to integrate Nigerians operating in the informal sector of the economy into the National Housing Fund (NHF) scheme. This followed the formal launching of the initiative in Lagos by the Minister for Housing and Urban Development, Ms. Ama Pepple, in December 2011.

For Bank of Industry to give out loans to small and medium sized enterprises, prospective borrowers need to present and convince the bank on the viability of their proposals with assurance to pay back their loans as at when due despite the bank’s insistence on 10 per cent of the total amount to be loaned from the bank especially from cooperative society as commitment fee.

The Nigerian Deposit Insurance Corporation (NDIC) has tasked operators of microfinance banks in the country to improve on premium rendition to it.

The Federal Airports Authority of Nigeria ,FAAN, has revealed that the remodeled Sultan Saddik Abubakar III International Airport, Sokoto will soon be ready for commissioning as the contractor handling the project has commenced putting finishing touches to the ongoing remodeling work at the airport . The 30-year-old airport, is one of the 22 airports undergoing remodeling.