Govt alone can’t solve housing issue in Lagos — Sanwo-Olu
Photo Credit: Vanguard Newspapers
GOVERNOR Babajide Sanwo-Olu of Lagos State, yesterday, declared that the state government alone cannot address the housing deficit but promised to bridge the deficit in the state.
Governor Sanwo-Olu said this during the commissioning of Lagos Building Investment Company and the Rising Lagos Apartment in the Amuwo-Odofin Local Government Area of the state.
The governor said: “I must commend and congratulate once again the leadership of LBIC and our Public Private Partner, WGC for their dedication, for their innovative mind and their promotion of excellence in bringing these projects to fruition for our citizens.
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Nigeria’s absurd crude supply crisis
Photo Credit: Punch Newspapers
INTRICATE intrigues are playing out in Nigeria’s oil industry. These are bound to derail expectations of a reprieve in the form of lower petrol prices with the commencement of the Dangote Refinery and Petrochemicals plant.
Part of the criticism against President Bola Tinubu’s “subsidy is gone” proclamation on Inauguration Day was that he should have waited for the refinery and others to commence operations with the use of local crude before cancelling the subsidies.
However, signals emerging from industry players indicate that Nigeria’s oil industry remains a vicious turf populated by vested interests. Dangote Refinery’s top officials have accused the IOCs of colluding to frustrate the local refining industry through underhand tactics.
4 months salary arrears: SSANU may shut down varsities tomorrow
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Barring last minute’s change, the Senior Staff Association of Nigerian Universities, SSANU, may shut down universities tomorrow over the non-payment of four months withheld salaries by the government.
Recall that a fortnight ago, the Joint Action Committee, JAC, comprising SSANU and the Non-Academic Staff Union of Educational and Associated Institutions, NASU, had issued a two week ultimatum to the Federal Government to pay its members the four months withheld salaries.
Of the four university-based unions that embarked on a prolonged strike in 2022, the Federal Government has paid the Academic Staff Union of Universities, ASUU, leaving behind the three other unions.
Stakeholders seek legislation to boost investment
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Some stakeholders in the impact investing space in Nigeria have called for legislation and policies to boost investment in underserved entities in the space.
This call was made at the official launch of the Sustainable Systems for Research and Innovation Financing project funded by FCDO’s Research and Innovation Systems in Africa on Tuesday in Lagos.
The project is aimed at building the capacity of enterprise support organisations, creating sustainable financing mechanisms for enterprise support and venture funds, establishing efficient linkages between businesses, investors, and transaction advisors and strengthening local ecosystems, research and institutional capacities.