The Federal Government is facing rising fiscal deficit and debt burden. It plans to offer some of its assets for sale through equity investments to fund 2023 budget in addition to raising revenue through road tolls. The assets value is huge – N30tr. Some professionals believe using assets sale is questionable, while others argue that leaving the assets without putting them to good use is not the answer. OKWY IROEGBU-CHIKEZIE reports.

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, at a ministerial briefing on the 2023 Budget presentation, has said the fiscal deficit for 2022 is estimated at N7.35 trillion, while the N5.33 trillion deficit as at August, was N430.82 billion above the prorated level.

She added that the level of borrowing was N1.26 trillion above the July target. She said amid the fiscal crisis, the Federal Government was compiling the list of assets that will be either sold or ‘concessioned’ to fund the 2023 budget deficit of N10.7 trillion.

Mrs. Ahmed added that many federal roads across the country were being prepared for tolling in a Public-Private Partnership, as part of the strategies to increase the revenue profile.

According to her, more than 25 of such projects will be turned into active assets that will generate money in some way to the Federal Government. Amidst the high profile assets targeted are the  National Theatre and Lagos International Trade Fair.

She said the Federal Government had been mulling the sale of assets since 2016 but was hindered by several issues such as vested interests, legal issues, political interference, protests and inability to ascertain their proper value.

She said some private sector operators have reached out to government asking that  some unused assets should be leased to them to turn around.

“There is no better time to do this because when they lease it from us, the taxes will still  come to us. There are some things the government is sitting on that we don’t have the capacity to do  because of paucity of fund. It, therefore, makes sense for us to unlock those things. When they are put into good use it brings money into the economy at these difficult times, so that we can move forward.

“We have started the process of re-engineering the Ministry of Finance Incorporated, which is an arm of government that has the responsibility of managing government investments. lt has been in existence many years ago, with the same laws and has gradually become quite inefficient to be honest.”

The Nation learnt that assets in that category would be offered to investors for equity while others would  be sold to reduce waste.

Read ALso: 2023 budget: Stakeholders hail increased allocation to education, health

Mrs. Ahmed said  the government would open the assets for investments by  issuing various kinds of equity instruments.

She assured  that Nigeria was not seeking debt restructuring because its debt “was sustainable”.

According to her, “we are not planning on restructuring its debt as it remains committed to meeting its domestic and external debt obligations.”

The Nation learnt that the government was also considering selling or concessioning Tafawa Balewa Square in Lagos.

Another is to either sell or concession hydro power plants across the country, including Oyan, Lower Usuma, Katsina-Ala and Giri Plant Power Projects in Olorunsogo, Calabar II, Benin (at Ihorbor), Omotosho II and Geregu II plants.

She said: “The Federal Government will continue to utilise appropriate debt management tools to streamline the cost and risk profile of the debt portfolio, including through concessional loans, spreading out of debt maturities to avoid bunching, and re-profiling of the debt maturities by refinancing short-term debt using long-term debt instruments.”

On the development, Deputy President,  Lagos Chamber of Commerce & lndustry ( LCCI), Gabriel ldahosa, said the Federal Government like states has several uncompleted and underutilised assets that have remained so for several years. According to him,  such assets need to be monetised by lease or rental to earn regular income or sold outright to boost revenue for government.

“It is, therefore, appropriate to sell them. The concern, however,  is that the process should be transparent. Every potential buyer should have access to the information and participate in a process which ensures that government gets the full market value from the sale of the assets”.

He advised  that the assets should not be sold directly or indirectly through proxies to public officials at heavily discounted prices.

Also, the CEO, Centre for the Promotion of Public Enterprise ( CPPE), Muda Yusuf, said his understanding of the proposition was that the government wants to broaden the scope of privatisation and unlock the value of underperforming government assets. 

He said: “Some may be sold, others may be suited for conession.  A recent study by the Nigerian Institution of Estate Surveyors and Valuers (NIESV) indicated that about 50,000 government landed properties and projects have been abandoned by the three tiers of government across the country. Some of the properties have been taken over by miscreants who are constituting a nuisance to their neighbours”. 

According to him, many of the properties are in prime locations in different parts of the country. It makes sense to sell or lease such properties to real estate investors. 

He further advised that assets  underperforming due to poor management, part ownership by private sector could be explored.

The Vice Chairman, Highcap Securities, David Adonri, argued  that forced sale of Federal Government’s assets cannot generate the targeted amount to service the debts and plug the projected deficit.

He called on the government to concession the Postal Service or entirely sell it to the private sector to enable them compete effectively with other privately-managed logistics firms.

The BPE’s Head of Public Communications, Mr. Uzoma Chidi Ibeh, said there was no bidder yet for some of the assets

He said the agency had started  compiling the list of assets that would be concessioned.

He said: “The list is being compiled. There is no bidder yet, but we have a register of all the assets.” I’ve confirmed that all the NIPP projects would be concessioned, stressing that the government was desirous of stopping wastage incurred by those assets.

He lamented that the Federal Government was putting money into financing those projects as it has continued to  pay staff’s liability and salaries. Currently, the Federal Government is tired of paying them. Our interest is to stop those expenses,” he stated.

According to him, the interest of the government is to have real investors and not firms that would strip the nation’s assets.

He stressed that the capacity of prospective new owners was more important as the government would not like a situation where the buyer would buy only to strip the national assets which  would be against its  aim or target of funding the 2023 budget.

A Professor of Economics at the Nnamdi Azikiwe University, Uche Nwogwugwu,  argued that the proposed sale or concession of Federal Government assets should be left for the next government since the current one would not fully implement the 2023 budget.  

He wondered how much the government would make from such assets, noting that the current regime might handicap the incoming government in 2023 by selling the assets.

“There is logic behind that. The Nigerian lnstitution of Estate Surveyor’s & Valuers ( NIESV) said the government has 50,000 properties that are abandoned and their estimate is around N9.5 trillion. He decried the desire to do so at the tail end of its tenure..

‘’I think it is a good idea to turn dead assets into assets that can yield value, but certainly not by an outgoing administration,” he added.

Wisdom Kwati Smart City has announced the launch of a new multi-million project
called Hilltop Smart City to tackle housing deficit and expand to various locations within Nigeria.

The new project was officially unveiled in a groundbreaking ceremony in Abuja on October 13.

CEO of the Karabow Group Wisdom Kwati expressed delight in the ability of the company to achieve a great leap in the evolution of the housing sector.

He stated the development project is primed to make city living smarter and well-planned and to help redefine living conditions and technological advancement in Africa.

He said: “According to the World Population Review, by 2040 Nigeria will be approaching a population of over 300 million citizens, this population surge demands that we re-evaluate how cities are built to
match the rising population.

Read Also: Wisdom Kwati launches Smart City Estate in Adamawa

“Nigeria, especially the northern region, is in dire need of a future-ready community that drives growth and is fully powered by technology where business-friendly governance, policy, and regulatory systems are all in place to encourage the remote-work lifestyle. That is what we are doing with Hilltop Smart City.

“Hilltop Smart City is purposefully launched in Katampe Extension to solve the challenge of lack and shortage of quality and conducive accommodation that has led many to leave the shores of the country in search of an environment that works and supports their ideas and businesses,” Mr. Wisdom explained.

“FCT is now home to an increasing number of young professionals and upwardly mobile Nigerians who desire new urban settlements and new districts, enhanced by technology. When this project is completed, it will be a significant part of the country’s success story.

Speaking further, Kwati stated that Hilltop Smart City will be the first of its kind in Africa with world-class amenities and recreational facilities all within reach.

According to him: “We are driven by a passion to create real estate solutions through innovative, value-driven, and profitable developments. We are saying welcome to a new world of great opportunities. Our clients are getting the best value for their money because we always pay detailed attention to the building process from start to finish.

“This is evident in our building projects. We have so many projects at hand, currently, we are in three locations in Nigeria. We are in Adamawa state, Yola building the first Smart City In Northern Nigeria. In Abuja, we have about seven projects going on, at Giri junction, Katampe extension, Queensbay, Jahi, and so many prime locations within Abuja.

“In Lagos, we have development projects in Epe, we have in Badagry and we are opening another in Sangotedo as well as Ikoyi. We are also about to launch our Smart Cities in Accra, Ghana. We are all about the development of master-planned smart houses.

Located in Abuja and fully powered by technology, Hilltop Smart City is a smart, green city where innovative and creative minds can live, work, play, and create.

Many Nigerians do not understand climate change. But its devastating effects are here with us. Flooding has claimed about 500 lives, according to the Nigerian Meteorological (NiIMET). Communities are submerged in almost every state and desertification has debilitating effect on vegetation. Experts say the message should be better communicated to achieve its target. British Deputy High Commissioner Ben Llewellyn-Jones wants the media to intensify climate action advocacy. Okwy Iroegbu- Chikezie reports.

Thousands of people are negatively  impacted by climate change .There are reports about communities being submerged by flood and farmlands destroyed, leading to hunger and starvation.

At a media dialogue in commemoration of the International Day for Climate Change at his residence,  British Deputy High Commissioner Ben Llewellyn-Jones urged the media in Nigeria to do more in their reportage and advocacy for action against climate change.

Its theme was: “Transition to a circular economy – partnerships to solve pressing challenges.”

Llewellyn-Jones sensisitised media gatekeepers, editors and reporters on the need for concerted action to tackle climate change. He said climate change was a common concern for countries, adding that it was an urgent and potentially- irreversible threat.

“We are at a critical moment for the future of our planet. Temperatures are rising, storms are raging and crops are failing across the world.

“Considering the impact of climate change and of course COVID-19, building back a fairer, greener and more resilient recovery and safer economy should be the priority of governments and gatekeepers across the globe, including the United Kingdom and Nigeria, he said

Llewellyn-Jones went on: “It is very crucial that we, as stakeholders, educate the media on the importance of generating compelling stories and reports that have the potential to galvanise people’s action for sustainable development in Nigeria.”

He noted that Nigeria contributes about one per cent of global greenhouse gas emissions.

According to him, the country is among the top 10 of the most climate-vulnerable countries. He said that coastal states faced extensive risks from storm surges, with inland flooding and pollution in the Niger Delta; gully erosion in the Southeast, and chronic aridity and riverine flooding in the North.

Llewellyn-Jones said the Middle Belt was at risk of aridity, compounded by high-tensions between farmers and pastoralists (land rights, water access).

He listed agriculture, water and the health sectors as key sectors impacted by climate change.

Fuel wood and charcoal are the major sources of energy for the rural population, Llewellyn-Jones said, noting that deforestation rate in the country was over 3.7 per cent per annum. According to him, from 2013 to 2020, 99 per cent of tree cover loss in Nigeria occurred within natural forests.

“Urbanisation rate is about 4.3 per cent per annum, with over 52 per cent of the population living in urban centres.

“With Nigeria’s population set to double to 400 million by 2050, without action to mitigate and adapt to the impacts of climate change, there will be increased pressure on natural resources (resulting in conflicts) and emissions profile.

“Climate change causes flooding which in 2022 affected 31 of 36 states, affecting over 1.4m people, displacing 808,000, and leaving over 300 dead. The impact of climate change without action could cost between six per cent and 30 per cent of Nigeria’s GDP by 2050.

“COP26 which the UK hosted in Glasgow in November 2021 concluded with 197 parties agreeing to the Glasgow Climate Pact, reaching a consensus on the need for urgent climate action,” Llewellyn-Jones said.

He said the pact saw parties addressing issues important to African countries, including strengthening international cooperation on adaptation, loss and damage, urging developed countries to  double adaptation finance by 2025.

“Our COP Presidency will end in November, 2022. Our objective in 2022 is to maintain the momentum that parties built at COP26, and use this to support success in other key fora – including the 15th Conference of Parties to the Convention on Biological Diversity or CBD COP15 which will hold in December in Canada.

“We have been working closely with the incoming Presidency of COP27, Egypt, to build a partnership that aligns priorities and plans, secures the legacy of the Glasgow Climate Pact and delivers impact and progress on the Paris Agreement goals in Sharm el-Sheikh at COP27,” Llewellyn-Jones said.

Read Also: Nigeria’s role in achieving global climate change

He said there was the need to urgently work together to accelerate the shift to clean power generation, including increased solar, wind deployment and greater energy efficiency, which are the most effective route to climate and energy security, and long-term prosperity.

“The media must also take up its responsibility as gatekeepers and the fourth estate of the realm to advocate for and educate every Nigerian on the importance of climate action,” Llewellyn-Jones said.

Chief Executive Officer Sterling One Foundation Mrs. Olapeju Ibekwe said the media was critical in reporting the devastating impact of climate change across the world, noting that the flooding across some states was a sad reminder of the devastating effects of climate change.

According to her, communities in eight Local Government Areas in Anambra were completely submerged by flood two weeks ago, causing huge economic and human losses.

“As we are gathered in this room today, thousands of people are displaced and unimaginably distressed in Lokoja and Kogi states where homes, business investments have been lost.

“It is reported that 76 people died in Anambra trying to escape the flood,” Ibekwe said.

National Emergency Management Agency

Reeling data from the National Emergency Management Agency (NEMA), Ibekwe said human loss to flooding this year alone had been put at 500 deaths and I,546 injured.

According to her, the media has a special role to play in reporting responses to the rising incidences of flooding, heatwave, water shortage, deforestation and other consequences of climate change.

International Day for Climate Action

Ibekwe said the International Day for Climate Action was set aside to take stock of the progress achieved and to appraise the rest of the journey with a view to determining the most effective steps to achieve the global goal of cutting emissions and going green.

Climate in Africa

She said the state of the Climate in Africa 2020 Report warned of the continent ‘s disproportionate vulnerability. The report estimated that by 2030, up to 118 million extremely poor Africans would be exposed to droughts, floods and extreme heat, Ibekwe added.

Sub-Saharan Africa

“The report estimates that the investment in climate adaptation for sub-Saharan Africa would cost between 30 to 50 million dollars each year over the next decade or roughly two to three per cent of GDP.

“Enough to spark job opportunities and economic development while prioritising sustainabie green recovery.

“There has never been a more urgent need to revive damaged ecosystems than now and we need urgent action to address the pressing issues.

“We must shift from harming the planet to healing it.

“Unfortunately, in Nigeria, we still experience ignorance, apathy, carelessness, and lack of sustained commitment when it comes to issues around climate change,” Ibekwe said.

She said the role of the media in communicating climate change and actions, effectively  breaking down the implications and setting agenda was more critical now than ever.

Ibekwe said time was running out and nature was in emergency mode

“To keep global warming below 1.5 degrees this century, we must halve greenhouse gas emissions by 2030.

“Without action, exposure to air pollution beyond safe guidelines will increase by 50 per cent within the decade and plastic waste flowing into aquatic ecosystem will nearly tripple by 2040,” Ibekwe said.

 

The Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Correspondents Chapel, has called for affordable housing schemes.

Chairman of the  Chapel, Comrade Jide Oyekunle, urged the Federal Government to develop a programme of action to make affordable houses available for journalists.

He said journalists served the country with dedication and patriotism, and, therefore, deserved a better living. The role of the media in affordable housing cannot be overemphasised, particularly at the moment the country is faced with a challenge of 28 million housing deficit, Oyekunle said.

The call was made in Abuja by stakeholders and professionals in the real estate and mortgage sector, at a dialogue on ways to find lasting solutions to the housing deficit challenge in Nigeria.

The event which was organised by the Nigeria Union of Journalists ( NUJ)  Correspondents Chapel FCT Council in collaboration with Housing Development Advocacy Network ( HDAN  was titled : ” Housing for All: The Role of Cooperative Societies and Financial Institutions”.

Oyekunle stressed the need for the government to act fast on the growing housing shortage and not be left behind in achieving Number 11 of the United Nations Sustainable Development Goals (UN-SDG), which states that by the Year 2050, over 6.5 billion people will be living in cities.

He said: “Nigerian journalists have served this country with dedication and patriotism and they deserve a better living.  They have risked their lives over the years in bringing succour, hope and healing the wounds of many Nigerians with their reports.

“However, many cannot boast of a decent home of their own. They are the mirror of the society to see itself but they suffer in silence. The Nigerian government and private sector should bridge the housing gap, particularly for our members.

“We are using this occasion to call on the Nigerian government to come up with a special programme of action exclusive for journalists that will lessen the stringent conditions associated with accessing loans to enable them to build houses of their own”.

Speaking during the  conference, the Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Mr Madu Hamman, who was also the Guest Speaker at the event, tasked the NUJ FCT Correspondents’ Chapel to set up a cooperative society.

Read Also: Housing allowance passed due process, PDP NWC insists

Hamman stressed that the FMBN was established to ensure the constant supply of loans to Nigerians for the purpose of building, purchasing and improvement of residential houses, especially low-cost housing for low-income workers.

Hamman disclosed that since its inception, the FMBN has been disbursing National Housing Fund (NHF) loans to contributors through the Primary Mortgage Banks (PMB) as well as Estate Development Loan (EDL).

“However, due to some inherent problems, the bank decided to expand the scope by involving Cooperative Societies and the Cooperators (members of the Cooperative Society) who can apply for the Cooperative Housing Development Loan (CHDL) and the Cooperative National Housing Loan (CNDL).

“The Bank took this decision considering the huge potentials in leveraging on Cooperative Societies to deliver on its mandate to contributors of the National Housing Fund and increasing the housing stock,” FMBN MD, represented by Lawal Isa, Group Head, Special Products Group, stated.

Reeling out the requirements for a cooperative society to access FMBN loans, Hamman disclosed that the Bank has disbursed N29.4 million to facilitate the development of affordable housing across the country. He also disclosed that 7,710 units of houses have been built.

In his remarks, the Chairman, NUJ FCT Council, Comrade Emmanuel Ogbeche charged stakeholders in the housing sector to rid their fold of quacks, who undermine their noble contributions to public prosperity and national development.

Stanel Group boss, Dr Stanley Uzochukwu has met American Real Estate investor, David Rice in the United States of America.

They were co-Quest Speakers at a global 500 CEOs Summit hosted by the Liberty University’s School of Business in Virginia, USA.

The Liberty University extended invitation to Dr Stanley Uzochukwu and other world business leaders from across different continents to speak on relationship between African CEOs and U.S. CEO’s.

According to a statement by the University authorities, the conversation which will be centered on Investment Opportunity in Africa, “Will be a real time for CEOs from both continents to meet each other and discuss their real time needs and use each other’s network to make deals happen.”

After the event, Uzochukwu wrote on his Instagram page @stanleyuzochukwu, “At Liberty University with David Rice, a top notch Investor. He is doing a lot of amazing work in the Real Estate sector, creating an innovative software that will change estate development in the world.

“I truly count it a privilege to share the same stage with Global icons like Former US president Donald Trump, Former US vice president Mike Pence, world renown neurosurgeon Ben Carson, who have previously spoken here, to mention but a few.”

Uzochukwu was a Guest Speaker along side with Matt Whitaker U.S. Attorney General, His Excellency, former president of Ghana, John D Mahama; Dr. Cosmas Maduka, CEO of Coscharis Group; Jerry Prevo President of Liberty University; Dr. Dave Brat Former Congress man and Dean School of Business, Liberty University among a host of others.

The CEO of Lekki Gardens Dr Richard Nyong has been honoured with the Officer of the Order of the Niger (OON) national honour.

He was among the outstanding Nigerians who received the award on Thursday from President Muhammadu Buhari.

He was honoured for his huge contribution to making housing more affordable to Nigerians and creating over 250,000 jobs directly and indirectly for Nigerians.

Other notable recipients were The Olu of Warri, Ogiame Atuwatse III, who was also conferred with Commander of the Federal Republic (CFR) of Nigeria for his numerous exploits since his enthronement as king of the Itsekiri people.

The Oba of Benin, Oba Ewuare II (CFR), Senator Opeyemi Bamidele, (CON), The CEO Welltime Ltd, Mr. Dike Chigbue,(MON), The Governor of Ebonyi State, David Nweze Umahi,(CON), The former MD of Honeywell Group, Otunba Oluseyi Oduntan (OON), The former Chief of Army Staff, Lt. Gen. Tukur Yusuf Buratai (retired) (CFR)

These national awards were set aside to honour their selfless service to the nation and to further encourage them to do more excellent work and meritorious services for the nation.

To consolidate its efforts in tackling the housing deficit in the nation, Sterling Homes has launched two new housing projects GEMS Court and The Duchess located in Osogbo GRA and Bogije, Lekki respectively.

According to the company, the project was instigated by the rapid urbanisation experienced across the nation, which has made it mandatory for property developers to scale up actions in the construction of homes for Nigerians, and the company is playing its part through the development of GEMS Court and The Duchess.

Gems court, Osogbo, Osun State.

 

 

 The Duchess Bogije, Lekki.

 

In a statement, the CEO of Sterling Homes, Dr. Kunle Adeyemi said: “Sterling Homes has a genuine burden of reducing the housing deficit in Nigeria by targeting specific market segments and providing the best value for money.

“I am a strong believer that home reflects the persona of the owner and it is the place where your memories are built every day. It is important that as a real estate development company we think long-term and change the global rule when it comes to addressing the specific needs of property buyers and ensuring customer satisfaction.

“Why we choose Osogbo GRA to build GEMS Court is because we’ve studied real estate progress in the entire country over the years and we saw that there are lots of opportunities for property development in the city of Osogbo. The community is a developing one, the lands are affordable and there has been a high rise in demand for good houses in Osogbo. GEMS Court is the first of many projects that we will be developing in Osogbo GRA,“ Dr. Kunle explained.

“On the other hand, with The Duchess, we are taking one step further in the right direction by introducing smart mini communities across Lagos, that we can start and complete within the shortest duration of time.

“The Duchess is the ultimate definition of affordable luxury and I am happy to be here unveiling it. It is my pleasure to introduce to our customers and stakeholders an unprecedented lifestyle offering that redefines what it means to live in Nigeria.”

Sharing more insight on the company’s new development, Arch. Kola Afeni, the company’s project manager stated that GEMS Court comprises Bungalows while The Duchess comprises 4 Bedroom Terrace Duplexes and BQ built with ultra-modern facilities.

He said: “Both GEMS Court and The Duchess are strategically located in a serene and eco-friendly neighbourhood. While creating this project, Sterling Homes took into consideration the need for comfort, security, and serenity to cater to people who appreciate quality.

“We have earned a good reputation in delivering contemporary estate projects, churning out amazing architectural designs, quality structural constructions, and amazing interior finishings. In all these, we have delivered excellently to our clients.

“Our new projects are currently on sale and as you know our tradition at Sterling Homes is that we always have flexible payment plans available.”

Sterling Homes Limited is a leading property development company with a healthy track record of developed estates such as Jewel Gardens, Havilah Court, Majesty Court, and D’avalon.

Labour Party Presidential candidate Peter Obi arrives Jos for solidarity rally

Sterling Homes has commenced the 2nd phase of development at its premium residential project, Havilah Court located in Mowe.

The project is one of the many initiatives taken by the development company to tackle the current housing crisis in the nation, and ensure access to affordable and quality homes for the average Nigerian family.

The CEO of Sterling Homes, Dr. Kunle Adeyemi, told reporters Havilah Court will facilitate and complete the development of additional 24 units of 1 and 2-bedroom Apartments within the next 6 months.

He said: “The year 2022 has been filled with life-changing activities at Sterling Homes. Every step of the way, Sterling Homes has committed to its vision of becoming the preferred real estate company in Nigeria and this is fully aligned with first-class projects that would meet the expectations of the market and unleash the economic potential of the country.

“We were motivated to commence the 2nd Phase at Havilah Court due to popular demand and the positive feedback we got from residents. The location of Havilah Court is strategic as the choice of Mowe for this development befits its iconic nature. It is perfect for that needed getaway from the noise and stress associated with the major cities, the cost of land isn’t as high as in the city, so available houses are quite affordable to the average Nigerian and more importantly, the average drive time from Havilah Court to central Ikeja is about 30 – 45 minutes on the average, a fantastic timing compared to many locations within Lagos,” Dr. Adeyemi explained.

Read Also: Sterling Homes expands to Rwanda

“We should officially open the estate to residents soon, a Transformer has been secured and installed on site and by God’s grace, the lights should be turned on in an official ceremony scheduled for the year-end,” he said.

Arch. Kola Afeni, the company’s project manager, explained that Havilah Court comprises 1 and 2-bedroom finished and semi-finished Apartments and is dubbed affordable luxury.

In terms of the payment plans, he stated that the company has structured easy and scalable payment options for clients and investors.

He said: “Sterling Homes remains committed to turning dreams into reality by providing affordable homes for Nigerians, with a core focus on premium locations and housing amenities that resonate with rewarding returns on investment.

Havilah Court comprises 1 and 2-bedroom finished and semi-finished Apartments and has been structured to help Nigerians easily purchase their homes. We have successfully constructed 12 units of Apartments and now we are adding 24 more units to deliver a top-tier experience to residents and investors.

“We have structured a flexible payment package that allows subscribers to extend their payment up to 12 months by simply making a down payment so Subscribers can book their unit now.”

Afeni further stated that Havilah Court is covered by a Governor’s Consent title.

“Our team of builders are masters of contemporary design and will create an exquisite beauty for residents. To make residents feel at home immediately, each of the 24 units of apartments will offer great comfort and class.”

Former Arewa youth president Comrade Isaac Balami has thrown his weight behind the presidential ambition of Labour Party (LP) Peter Obi.

The aviation expert said he was backing Obi for the sake of balance and equity.

Balami, who mobilised for the emergence of President Muhammadu Buhari in 2015, explained this in a statement tagged “My critical junction” on Tuesday.

The former spokesperson of the National Association of Aircraft Pilots and Engineers said: “There comes a junction, … a critical junction, in the life of everyone when the sternest of decisions become unavoidably compelling and incontrovertible! This is the point in time when men choose the critical right and stick to it no matter the cost.

“As a foremost youth, a leading light amongst my peers, and a significant actor in one of Nigeria’s most respectable industries and economic sectors, I have to this day exhibited the highest and most profound regard for the careful balance by which our society has operated.

Read Also: I never endorsed Obi, says Falae

“I am full of respect for our founding fathers and the national establishment of this country that they have so painstakingly engineered over the decades: I grew up embracing the singular maxim: Nigeria’s UNITY is non-negotiable!

‘’I found solace in this saying so much that, as I yearned to contribute my meagre quota to national development, I would remain on solid grounds and weather every storm and tide of change in the most humane and understandable ways.”

The erstwhile Chairman/CEO, 7 STAR Hangar/Airlines announced he has sacrificed his entire investment by selling his aircraft hanger to join in rescuing Nigeria.

He stressed ‘’I have sold my majority stake in my aircraft hangar as well as my airline, to join my fellow Nigerians in the Obidient movement, just so I can more dedicatedly fight this struggle to rescue the soul of this great nation. This is my sacrifice! What is yours?”