Tag: Renewed Hope

  • Renewed Hope: Megacities thrive by native valleys

    Renewed Hope: Megacities thrive by native valleys

    It’s one year since President Bola Tinubu emerged as a herald of ‘Renewed Hope,’ yet the Nigerian city flourishes by a rural and dubious sweep. On Tinubu’s watch, the land that nourishes should never paw us rough with anguish.

    To achieve his agricultural rejuvenation goals, President Tinubu must ensure that his team and tools, unlike Thel’s worms, aren’t pathogens miming his curative green mantra.

    Highlighting his administration’s first-year achievements, Tinubu showcased efforts to boost agriculture and food security. Key initiatives include the launch of the National Agricultural Development Fund (NADF) with N100 billion to tackle agricultural financing challenges.

    However, the President must establish a reliable evaluation system to ensure effective policy implementation. For example, it’s unclear if the 42,000 metric tonnes of grains and 60,000 metric tonnes of rice distributed to “vulnerable Nigerians” actually reached the intended recipients. Any sabotage undermines the goal of stabilising the food supply.

    The Central Bank’s donation of 2.15 million bags of fertilizer worth N100 billion raises questions about the true beneficiaries. Similarly, the Dry Season Farming Initiative, funded by the African Development Bank with $134 million, aims to promote year-round farming on 500,000 hectares. Yet, who are the real beneficiaries?

    President Tinubu must closely monitor partnerships, such as the one with John Deere to supply 2,000 tractors annually, supported by low-interest loans from the Bank of Agriculture. Additionally, the $1 billion Green Imperative Programme with Brazil and a N141 billion credit facility from a Japanese agency aim to provide farmers with machines, equipment, and training.

    The critical question remains: who benefits from these schemes? Are they reaching the intended farmers, or are they being hijacked by political aides and influential figures? Ensuring a transparent process is essential for supporting the farming middle class, peasant farmers, and the unemployed.

    It is essential for rejuvenating Nigeria’s industrial, megacities. Right now, our cities deify baubles and digital enlightenment, which are superfluous to the country. This is why social life and commerce get grounded in the heat of a crisis. At the coronavirus outbreak, for instance, economic activities in most cities got grounded. It was as if the metropolis and the wheels of industry didn’t matter.

    Before the advent of big tech; before our cash crops and wildflowers got decimated by murderous herdsmen and their ruck; before pastoral farms frothed with pesticides and fishes floated belly-up in Ewekoro and the oil creeks in Niger Delta, we grew what we ate.

    Cities don’t produce food. They depend on the countryside to provide it. Save their food distribution systems, cities can quarantine, shut in, and shut down, so long as the countryside doesn’t.

    A deeper look at our fate through the pandemic revealed how worthless the Nigerian city is, with its parade of glitz and chug-chug of industry. But for the country’s agricultural economy, Nigeria would starve.

    President Tinubu’s agricultural policy must manifest beyond passionate pronouncements and gazetted intent. The wellspring of wealth is agrarian surplus, the ability to feed more than one with the labour of one. Agricultural surplus built the groundnut pyramids of the north and the cocoa plantations of the southwest.

    Nigeria was a leading agricultural economy in the 1950s, being the largest producer of palm oil, groundnut, cotton, and cocoa globally. The sector employed over 70 per cent of the labour force and accounted for as much as 62.3 per cent of the nation’s foreign exchange earnings.

    Over the last four decades, however, the yield of most key crops has declined, in particular, cassava, cocoa beans and wheat – a reflection of low utilisation of improved seedlings, agrochemicals and poor adoption of technology, according to a recent Price Water House report.

    For most key crops, Nigeria’s share of global production has remained low. However, the rate of consumption has outstripped production. The deficit has been met largely by importation, making the country a net importer.

    On average, between 2011 and 2015, N1.4 trillion has been spent on food imports with wheat, milk, rice, sugar and malt extract, constituting the bulk of Nigeria’s food import bill.

    Between 2016 and 2019, Nigeria’s cumulative agricultural imports stood at N3.35 trillion, four times higher than the agricultural export of N803 billion within the same period.

    Read Also: First anniversary: Tinubu laying solid foundation for new Nigeria, says DOJ

    These challenges have stifled agricultural productivity, affecting the sector’s contribution to the country’s GDP. It has also led to increased food imports amid skyrocketing population and declining levels of food sufficiency.

    Of its 92.4 million hectares, Nigeria boasts 82.0 million hectares of arable land; so far, just 34 million hectares of it have been cultivated. With population explosion and the government’s renewed drive to boost food security, agriculture has become increasingly crucial to our survival as a nation.

    Understandably, former President Muhammadu Buhari sought to revivify the country’s agricultural economy but the country’s fixation with oil rendered her a whited sepulchre, sullied by wastefulness and vice, the soot that will not out.

    Nigeria needs agriculture. Agriculture employs about 70 percent of the country’s population thus it can be used to drive sustainable growth prospects through a value chain that turns raw commodities into processed goods for domestic consumption or export.

    President Tinubu must fund the diversification of agriculture to make it more appealing to a vast youth population that is spiritless about farming but might be attracted to processing, marketing, and other business opportunities along the value chain.

    The food emergency in northeast and northwest Nigeria brought on by the Boko Haram insurgency, banditry, infrastructure deficits, and the government’s response to them emphasises the need to expand the agricultural sector to guarantee food security and nutrition.

    Until then, the Nigerian city will subsist as a plague; it is diseased because its sensuality is both morbid and commercial. Its hidden graces unclad, like the proverbial harlot, self-exiled from the village but always returning under cover of night to stalk and prey on the countryside.

    The Nigerian city does too little for the countryside. Knowing this, President Tinubu announced his decision to resurrect the country by endowing its agricultural economy with remarkable fillips.

    Tinubu must understand that his government cannot achieve agricultural boon simply by pronouncing passion to resources. He must thoroughly examine if resources are pronounced to his passion.

    While the rationale for prioritising agriculture is sound, many reforms will have to be enacted if the sector is to flourish. These reforms must also include measures to save rural Nigeria with the sheen continually sponged off its greenery by the city.

    It was hay that allowed populations to grow and civilizations to flourish among the forests of Northern Europe. Hay moved the greatness of Rome to Paris and London, and later to Berlin and Moscow and New York, writes Dyson.

    Hay was responsible for Nigeria’s first brush with economic glory. Between 1962 and 1968, Nigeria’s major foreign exchange earner was the agricultural sector where palm oil and groundnut made up around 47 per cent of the country’s exports. However, Nigeria’s position as an agricultural powerhouse declined through its oil boom.

    Caught between the womb walls of the crude oil creeks and digital tech, Nigeria lives imprisoned in starvation’s bower. Yet the government recites fantastic stories of agricultural rebirth thus rejecting the strife of contraries by which Nigeria convulses.

    At the outbreak of COVID-19, our storied artifice collapsed in hysterical retreat as the country leapt from its tinseled perch and dashed, shrieking back to its native valleys.

    What was hitherto regarded as an underprivileged fetish and peasant preserve became our major source of sustenance and rebirth. Nigeria weeps but does not recognise her tears.

  • Minister underlines  Renewed Hope Agenda  for sports dev’t with ground breaking MoUS

    Minister underlines  Renewed Hope Agenda  for sports dev’t with ground breaking MoUS

    Driven by his undiluted resolve to boost sports development in line with the Renewed Hope mandate of President Bola Ahmed Tinubu, the Honourable Minister of Sports Development, Senator John Owan Enoh signed three Memoranda of Understanding in Lagos on Friday.

    Senator Enoh announced that a Memorandum of Understanding (MOU) was signed with GTI Asset Management and Trust Limited to relaunch the Challenge Cup as the President Federation Cup in collaboration with the NFF to reignite interest amongst fans and elevate it to global standards. The renamed competition will involve grassroots teams, create employment for approximately 500,000 Nigerians, engage over 100,000,000 football enthusiasts, and showcase our country’s greatness globally. The President Federation Cup will become President Bola Ahmed Tinubu’s legacy championing Nigerian football.

    The Minister stated thus: “our groundbreaking agreements with key private sector players like GTI are indications of our resolve to revolutionize sports in Nigeria, leveraging innovation, technology, and human expertise.” 

    He thanked Mrs Tinuke Watti, the Permanent Secretary of the Sports Ministry, Alhaji Ibrahim Gusau, President of the NFF, and Mr Abubakar Lawal and all members of the GTI team for their invaluable contributions.

    Read Also:Sports Ministry unveils partnership with Yanga Games

    For the second deal, the Federal Ministry of Sports signed a landmark agreement with top lottery company Yanga Games to raise the revenue profile of the Ministry and ensure a new deal for the welfare of athletes. The Sports Minister stated that “we are partnering with YangaGames to bring maximum benefits to the athletes and all critical stakeholders.We shall give institutional encouragement and support to the Management of Yanga Games to succeed in this onerous task of rebuilding our sports sub sector.”

    Chairman/CEO of Yanga Games Mr Derrick David Kentebe said: ” We are so super excited by this opportunity to work with the Ministry of Sports Development to change the narrative about Sports in the country. We see opportunities for marketing our athletes and sports generally.”

     He also added that: “we shall raise about 34 Billion in the next four years to assist athletes and improve sports in the country. We shall help to develop grassroot sports and sustain youth involvement through raffle draws, fundraisers and other avenues.” 

    Senator Enoh said that he strongly believes President Bola Ahmed Tinubu’s Renewed Hope Agenda offers the best opportunity to promote systemic development in Nigerian sports and the collaboration aims to make sports more attractive to private investors so that it can receive meaningful investments from the private sector.

    For the third agreement, the Federal Ministry of Sports Development joined forces with EFFA Management for specific purposes that will enhance various aspects of the sports ministry’s strategic six-point policy framework. When Senator Enoh took office, the Ministry developed a six-point agenda named W.A.I.F.A.R. This agenda includes the welfare of our athletes, activation of sports as an industry, infrastructure development, funding for sports development, activation of grassroots sports, and the reorganization of sports federations to ensure effective delivery. 

    Senator Enoh said that the sports sector is currently experiencing a surge in efforts to improve its performance and the Ministry is fully prepared to establish partnerships that will facilitate this much-needed transformation.

    With these three groundbreaking agreements, Nigerian sports is at the cusp of phenomenal development that will further propel athletes and federations towards greater success. Senator Enoh thanked all parties for keying into the vision of the Ministry and stated that the Ministry will continually pursue causes that will lead to strategic positioning for greater development.

  • Renewed Hope Infrastructure Development Fund Approval: Thank you, Mr. President

    Renewed Hope Infrastructure Development Fund Approval: Thank you, Mr. President

    • By Arabinrin Aderonke Ogunleye-Bello

    President Bola Tinubu’s recent approval of the Renewed Hope Infrastructure Development Fund (RHIDF) during the Federal Executive Council (FEC) meeting on 25th March, 2024, signifies an important step towards addressing Nigeria’s infrastructure needs. This fund is a specialized fund established to address Nigeria’s infrastructure needs. It will serve as a special-purpose vehicle aimed at fostering development across key sectors, including agriculture, transportation, ports, aviation, energy, healthcare, and education.

    President Tinubu’s decision to merge the Presidential Infrastructure Development Fund into the new RHIDF is aimed at making operations more efficient and accelerating the delivery of projects. By merging the two funds, it ensures that the RHIDF’s objectives, such as creating innovative investment opportunities and executing strategic national projects are achieved in a timely and effective manner.

    The RHIDF is set to raise $14 billion as start-up capital, with a focus on critical national projects, particularly in transportation. These projects include the Lagos-Calabar Coastal Highway and Lagos-Kano and Eastern Rail Lines. President Tinubu also underscores the importance of enhancing agricultural infrastructure to boost food security and reduce post-harvest losses, further emphasizing the fund’s multifaceted approach to development.

    The Renewed Hope Infrastructure Development Fund (RHIDF) promises to be a game-changer for Nigeria, offering a pathway to address the country’s long-standing infrastructure deficit. This was disclosed after this week’s Federal Executive Council (FEC) meeting by the Tax Boss himself, Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service.

    Adedeji emphasizes the transformative potential of the RHIDF in driving economic growth and connectivity across various sectors. With its focus on inclusive progress, the RHIDF aims to leave no community behind, ensuring that all Nigerians benefit from improved infrastructure, job creation, and enhanced economic opportunities.  It will also eliminate the need for borrowing for infrastructural development.

    Read Also: PDP preaches renewed hope at Easter

    For instance, it will prevent situations such as the planned borrowing for the construction of the Lagos-Kano-Maiduguri railway project, which at a point sought funding from China. All this is essential for bridging Nigeria’s infrastructure gap, estimated at over $858 billion, and ensuring sustained national growth and development.

    Furthermore, when the projects kick off in earnest, it will create direct and indirect jobs, thereby creating employment opportunities for Nigerians. It will boost production and invariably, the economy of the country will also be affected positively.

    As we look ahead to the launch of the RHIDF, following the presentation of a supplementary budget to the National Assembly, our expectations are high for tangible results that will benefit all Nigerians. With the RHIDF as a catalyst for change, Nigeria embarks on a transformative journey toward a future defined by progress, prosperity, and inclusivity.

    This step ushers in a new era of hope and opportunity for our nation. Thank you, Mr. President, for your dedication to building a brighter future for all Nigerians.

    • Arabinrin Aderonke, an award-winning investigative journalist and 2016 Finalist, CNN African Journalist Award, currently serves as Technical Assistant – Broadcast Media, at the Federal Inland Revenue Services, FIRS
  • Renewed Hope Agenda yielding fruits, says First Lady

    Renewed Hope Agenda yielding fruits, says First Lady

    The First Lady, Senator Oluremi Tinubu, has said some of the initiatives under the Renewed Hope Agenda are already yielding fruits and will soon reach all communities across the country.

    Mrs. Tinubu, who spoke during the inauguration of the Women Wing of Christian Association of Nigeria (WOWICAN) in Abuja, said the initiatives would bring succour to all Nigerians, especially women.

    Represented by the Mandate Secretary for Women Affairs in the Federal Capital Territory (FCT), Mrs. Adedayo Benjamins-Laniyi, the First Lady noted that “the economic situation of the country is already improving”.

    She added: “The Renewed Hope Agenda of President Bola Tinubu, right now, is offloading a number of initiatives, bringing succour and providing humanitarian services to the elderly, women, communities, and the girl-child.”

    Mrs. Tinubu urged women to always live as shining examples and remain united to advance their course.

    The First Lady said women must see themselves as healers and play their role in healing the land.

    “It is important for women to work together and we must see ourselves playing the role of healing our nation.

    Read Also: Minister drums support for Tinubu’s Renewed Hope Initiative

    “Do not be distracted by the current challenges but focus on the assignment of promoting equity, equal rights and righteousness.

    “Women are light and must always stand as light and shine, whether in the church or in the mosque; we must stand as women of faith,” she said.

    WOWICAN National Chairperson Dr. Elizabeth Akinadewo said her administration would focus on women empowerment.

    “Although the demand of the office is tasking, I am happy to take it up to improve lives of women and families.

    “We will give succour to those who are oppressed, help them out of their misery, give voice to the voiceless and empower the women.

    “We are out to spur women to develop necessary skills so they can be independent and sustain themselves.

    “We have been giving women little token of money to work with and that will continue under my administration,” she said.

  • First Lady, Ooni, Osoba others for Renewed Hope Summit

    First Lady, Ooni, Osoba others for Renewed Hope Summit

    First Lady, Oluremi Tinubu, Ooni of Ife, Oba Adeyeye Ogunwusi, Aremo Segun Osoba and others will attend next Monday’s Renewed Hope Summit.

    A statement by convener, Oladosu Oladipo, and Secretary of Planning Commitee, Awa Bamiji, noted that plans are underway by    Yoruba Patriots’ Movement and civil society  to organise  Southwest Summit on President Bola Tinubu’s  agenda.

    The theme is “A call for Military takeover by opposition: It’s time for democrats to stand and defend democracy”.

     The summit holds at International Conference Centre, University of Ibadan, Ibadan.

    Read Also: Renewed Hope: Harnessing the power of property related taxes in Nigeria

    Guest lecturer is  Emeritus Prof.  Olu Aina.

    Discussants are Ayo Ladigbolu,  Abdulrasheed Telu I, Oluwo of Iwoland; Saheed Elegusi, Elegusi of Egusiland in Lagos State; Gbolahan Lawal, Oniru of Iruland in Lagos, among others.

     Hon. Bayo Aina, Secretary, Yoruba Leaders of Thought, Ekiti State and Sunday Igboho, Yoruba Human Rights’ Activist, Ibadan.

    Chairman of occasion is Gen. Alani Akinrinade (retd) while Prince Tajudeen Olusi, Chief Bisi Akande, Chief Pius Akinyelure,among others. Mother of the day is Prof. Bolanle Awe

      Guests of Honour are Southwest States’ Governors and Ministers. The Special Guests are Southwest Senators, Federal Honourables and Honourable Speakers of 6 Southwestern states.

    Royal fathers of the day are Imperial Majesties, Oba Adedotun Aremu Gbadebo III, Alake of Egbaland; Oba (Dr) Senator Mahud Olalekan Balogun Ali Okunmade II, Olubadan of Ibadanland; Oba Rilwan Akiolu I, Oba of Lagos; Alake of Egbaland; Oba Aladetoyinbo Ogunlade Aladelusi Odundun II, Deji of Akure and Oba Rufus Adeyemo Adejuigbe, Ewi of Ado – Ekiti.

  • Renewed Hope Agenda: Waiting for the harvest season

    Renewed Hope Agenda: Waiting for the harvest season

    In an exchange with a revered elder statesman recently, my attention was drawn to the venom with which the opposition criticizes the President Bola Ahmed Tinubu administration, especially on social media. I had made exactly the same point to a group that sent to me a purported video of a party allegedly attended by a state Governor. To be sure, no law prevents any Governor from attending a social event anywhere in the world. However, critics are often eager to jump on the optics against the backdrop of the present harsh economic realities. Even where the Governor is spending his own money, it is assumed that he is spending state funds.

    The criticisms get much sharper when experts debate Tinubu’s economic policies. The same experts who praised his boldness in removing fuel subsidy and initiating a level playing field for foreign exchange have since turned around to blame him. They were aware then that the preceding administration did not even include fuel subsidy in the June 2023 budget, which Tinubu inherited. They were equally aware that the consequences of both bold policies would be with us for some time to come. However, for them, 8 months is too long. It is like planting coconut and hoping to harvest it in one year. It surely will take much longer. How long will depend on the variety.

    That was the tone of the criticisms of the President’s Renewed Hope Agenda at the 21st Daily Trust Dialogue, titled Tinubu’s Economic Reforms: Gainers and Losers, held in Abuja last Thursday, January 25, 2024. That critical tone was best represented by the Labour leader, Joseph Ajaero, who categorised himself as a Loser in the discussion and spoke about the losses of the masses in the face of Tinubu’s economic reforms. His position was not unexpected, not only because of his alignment with the opposition Labour Party but also because of the harsh economic consequences of the reforms on the citizens.

    However, other participants were more circumspect in their criticisms of the reforms. While agreeing that it was too early to judge the effectiveness or otherwise of the reforms, the consensus was that their immediate negative effects cannot be denied. Not only do these negative effects persist, they are indeed worsening as both the cost of fuel and the dollar exchange rate hit their highest levels in the country’s history. It is true that millions are finding it difficult to make ends meet.

    Just two days ago, I went to a Pharmacy in Abuja only to discover that a drug I bought for less than N6,000 in 2022 now sells for N36,650! I was immediately confronted with three realities: (1) the skyrocketing increase in the dollar exchange rate; (2) the mopping up of the dollar in the black market by merchants, such as pharmacy owners, who need to purchase their drugs from the international market, and then pass the high cost to the consumers; and (3) the inability of the masses to access healthcare and purchase needed drugs. The escalating cost of drugs is symptomatic of the rising cost of living across the country.

    While there is no research finding to link the high cost of living with rising criminalities, there is a logical link. When graduates are unemployed, artisans become jobless, and millions more fall below the poverty line, many look to all kinds of criminal activity to make ends meet. Very soon, with the rise in criminality, agricultural production will decline as it did at the height of criminality a few years ago.

    Read Also: Shettima woos more support for administration’s Renewed Hope Agenda

    It is, therefore, not just important for the Tinubu administration to put in place necessary monetary policies to enhance the value of the Naira, it is imperative: The higher the value of the Naira, the lower will be the cost of goods and the easier it will be for reviving the moribund manufacturing sector. Even more importantly, the expansive informal economy will once again rise, while artisans will get more and more jobs. There is no doubt that the revival of these critical sectors of the economy will lead to more employment, while also reducing the lure into criminality.

    What remains unclear regarding the Daily Trust Dialogue was the conspicuous absence of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who, according to sources, accepted the invitation but failed to show up, without apologies. It was a missed opportunity for three reasons. First, if, indeed, he accepted to attend, an apology for absence was necessary. After all, the event was chaired by Dr. Shamsudeen Usman, who had held three key positions as Deputy Governor of the Central Bank, Minister of Finance, and Minister of Budget and National Planning. It shouldn’t have mattered under which political party he held these positions. Second, the absence of the government’s perspective during the discussion gave room for various conspiracy theories, one of which, unfortunately (if not mischievously) is that the government lacks clear solutions to the economic problems its policies complicated. Third, Edun’s absence was a grievous mistake from media and public relations perspective.

    I have always maintained that this government needs all the opportunities available to explain its policies to the public and how the government plans to assuage the concomitant economic pains. Palliatives alone may not be able to assuage the pains. Inspiring words of government officials, such as the Finance Minister, will go a long way too.

    This leads to a critical question: How are the palliatives going? How is their distribution being monitored? Who gets rice or Naira, where, and when? What about the infrastructure fund? What and what have been put in place in which state? Certainly, there should be some reckoning, and the time is now.

  • Renewed hope for quality, affordable housing

    Renewed hope for quality, affordable housing

    As at last year, Nigeria’s housing deficit stood at about 28 million, driven largely by the country’s rural to urban migration, which was 76 million as of 2017, and is projected to hit 275 million by 2050. With an estimated N21 trillion said to be required to bridge the housing gap, the President Bola Tinubu administration appears to be rising to the challenge of reduce the huge deficit and bringing succour to Nigerians. Accordingly, it has put in place some modalities to ensure the provision of quality and affordable housing. GRACE OBIKE reports.

    The housing deficit in Nigeria was estimated at 28 million in 2023. And it is believed that the huge deficit is largely driven by the country’s rural-urban migration, which the United Nations Population Migration Division Section put at 76 million as of 2017. It also projected that this would reach 275 million by 2050.

      However, with the Vice President, Kashim Shettima, stating that Nigeria requires N21 trillion to bridge the housing gap, the President Bola Tinubu administration has prioritised efforts at reducing the huge deficit and bringing succour to Nigerians.

    The Minister of Housing and Urban Development, Ahmed Dangiwa, underscored this renewed commitment to provide Nigerians with shelter when, shortly after his inauguration as minister last August, promised to take initiatives and champion strategic housing reforms that would break systemic barriers to housing and urban development.

    Specifically, he said his ministry would embrace innovative housing construction financing solutions while working with relevant institutions to unlock the funding required to deliver massive affordable housing nationwide.

    Those were solemn commitments that boded well for millions of Nigerians who have long been yearning for quality and affordable housing, and as it turned out, the Minister was poised to make good his promises, first by working  with the National Assembly to review relevant laws to streamline land and housing administration and create a conducive environment for investment in the housing sector. He also moved to prioritise the N500 billion recapitalisation of the Federal Mortgage Bank of Nigeria (FMBN) to give it leverage and enhance its ability to provide more affordable mortgage loans and rent to own options to Nigerians.

    Dangiwa said he would reform the FMBN, the Federal Housing Authority (FHA) and other housing agencies so that they can have the necessary capacity and technological edge to deliver world-class services to Nigerians. To ensure that the strategic agencies are more effective and efficient in delivering at massive scale, decent and quality housing to Nigerians, he stated that unlocking the massive power of the construction industry would help create jobs and contribute its quota towards achieving the President’s plan to grow the economy, boost inclusive growth and lift 100 million Nigerians out of poverty.

    Those were not mere promises, unlike in the past. Dangiwa appears determined to walk the talk. He began by collaborating with the National Population Commission (NPC) to ensure an accurate data of Nigeria’s population, which he said, is a pressing data challenge to accurately determining the extent of the housing deficit in the country. He said his administration wants to work to establish accurate, credible, verifiable, and scientifically sound data on the housing deficit and the living conditions of the homes that Nigerians live in nationwide.

    According to the Minister, it is only through a comprehensive understanding of the housing deficit that the country can devise effective strategies to addressing the housing shortage. He explained that the collaboration with the NPC, particularly in the context of the next national census, was a critical step in this journey. He said the census is a timely exercise, one that provides the government with an invaluable opportunity to gather precise and comprehensive data on the country’s population’s housing needs.

    The objective and expectations, Dangiwa explained, goes beyond merely counting houses but understanding clearly that the housing deficit is not solely about the quantity of structures but also about the quality of living conditions. That means whether the homes that Nigerians live in provide access to good sanitation, proper toilets, sufficient living spaces, a healthy environment, and other essential amenities.

    To achieve this, the Ministry collaborated with the Commission to design and implement survey instruments specifically tailored to address housing-related questions. The administration realised that the issue of housing deficit does not only affect Nigerians in the country but Nigerians in Diaspora who wish to invest in the sector within the country. Unfortunately, this need to own houses by Nigerians in the Diaspora has been repeatedly hampered by reports of fraud committed by people they contracted to build them houses within the county.

    The Nation learnt that there are over 20 million Nigerians in the Diaspora with an average remittance of over $24 billion yearly. Dangiwa explained that part of President Tinubu’s Renewed Hope Agenda is also channelled towards Nigerians in the Diaspora interested in investing in the housing and real estate sector through land reforms. The administration, he said, is trying to streamline land administration that cuts through the bureaucratic bottlenecks and systemic inefficiencies to ensure cost-effective and efficient access to land for both individuals and investors in Nigeria.

    Currently, Nigeria has a situation where the Land Use Act, enacted in 1978, has no complementary institution set up alongside it to provide the necessary framework, guidelines, and regulations for operationalising it. The administration said it aims to fix this systemic anomaly and is working to establish a National Land Commission, part of whose job would be to outline the implementation guidelines for the Land Use Act to chart a new path of effective land administration in the country.

    To address the deficit, the administration said it intends to adopt a nation-wide Model Mortgage Foreclosure Law. The Model Mortgage Foreclosure Law (MMFL) provides contemporary provisions on the creation, registration, and enforcement of mortgages, along with remedies like foreclosure and the enforcement of mortgages on real properties and related purposes in Nigeria. It is also particular about boosting local manufacturing of building materials. The administration said Nigeria’s shortfall in the supply of quality housing stock presents a good opportunity for investors, to drive this.

    Read Also: NEXIM keys Into renewed hope agenda, unveils digital Hub to boost cocoa production

    It aims to create an enabling environment for private sector players to produce building materials locally to lower cost, create jobs, grow the local economy, and ultimately, ensure inclusive growth. To do this, it plans to establish six  manufacturing hubs in each of the six geo-political zones in the country. The hubs will be provided with relevant facilities, including access roads, electricity, fit for purpose housing and relevant linkages for manufacturers to site their firms and operate.

    The government would also be proposing relevant incentives that will make it more profitable and rewarding for the private sector to manufacture building materials locally. The Minister said it was in line with this thinking that he developed the Diaspora Housing Mortgage Loan, in collaboration with the Nigerians in Diaspora Commission (NiDCOM), when he was the Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN).

    The Mortgage Scheme was designed to enable Nigerians living overseas participate in the National Housing Fund (NHF) Scheme so they can access up to N50 million to own their homes in Nigeria. Participants can access the loan via a National Housing Fund (NHF) loan, Rent-to-Own or the Individual Construction loan window. The terms are affordable, at best market rates.This includes a single-digit interest rate of nine, and a payback period of up to 10 years. As part of the initiative, the FMBN will facilitate the construction of affordable housing units in major cities that meets the specifications of Nigerians in Diaspora. 

    Housing financing 

    The Federal Ministry of Housing and Urban Development has a partnership with the International Finance Corporation (IFC), an organisation that has committed over $128.3 billion in loans, grants, investments, and guarantees to partner countries and private businesses. In Sub-Saharan Africa alone, IFC has committed over $38.6 billion.

    Believing that Nigeria is yet to derive maximum benefits from its partnership with IFC, Dangiwa said as a new government with new priorities, their aim is to enhance and expand the partnership between the IFC and the Ministry to deliver value to Nigerians. He listed his action plan for Nigeria’s housing sector as “Strengthening the institutional capacity of federal housing agencies, including the FMBN and Federal Housing Authority (FHA).

    He said: “Increasing the supply of decent and affordable housing stock.  Establishing a national social housing fund (NSHF); implementing land reforms to streamline land administration and ensuring easy access to land for Nigerians and private sector players; setting up building materials manufacturing hubs; implementing urban renewal and slum upgrading programmes; and developing new cities that are integrated, inclusive, and demand-driven.”

    Dangiwa emphasised: “We intend to ensure that these reform initiatives are grounded in sound industry knowledge, expertise, and wisdom of professionals and stakeholders, enabling them to succeed on a sustainable basis.” He said the government recognises that the most significant challenge in affordable housing is the cost of finance. Interest rates on bonds are in the double digits, and raising international funding for housing projects remains challenging due to fluctuations in the foreign exchange rates.

    As budgetary financing for housing development is inadequate to meet the demand, the Ministry explained that the most accessible sources of single-digit finance for housing construction are the FMBN through the NHF Scheme and the housing construction windows of the Family Homes Funds (FHFL). However, the resources pooled by FMBN through NHF and FHFL, through government injections and partnerships are still grossly inadequate to provide the volume of housing required.

    Dangiwa added: “It is imperative that for our nation to deliver the necessary quantum of housing units that Nigerians need at prices they can afford, we must find innovative ways to unlock housing finance while encouraging private sector investment in the housing sector. As a Ministry and in alignment with the vision and direction of President Tinubu, we are dedicated to creating a conducive environment that fosters increased private sector investment in housing.”

    Continuing, Dangiwa said: “Our objective is to break all institutional, legal, and bureaucratic barriers that have hindered sector growth over the years. This includes collaborating with key stakeholders to review and amend the Land Use Act to streamline land administration and make access to land easy and fast. We hope that by doing so, we can unlock the estimated dead capital estimated by PricewaterhouseCoopers at over $300 billion.

    “Additionally, we are diligently working to reform the key agencies under the ministry’s supervision, the FMBN and the FHA. Strengthening these institutions will enhance their financial capacity to provide affordable housing finance.”

    Housing for all

    The administration insists that its goal is to reduce the deficit it met in housing to the barest minimum through a reform agenda that has many components. The Minister explained that these reforms range from slum/urban upgrading since not all Nigerians can afford the mortgages that the FMBN offers at single digit interest. 

    He stressed the need to support Nigerians who can afford to own a home via mortgages from the FMBN, FHA and even commercial mortgages, by empowering and supporting the efforts of agencies towards meeting this need.

    On top of the list is the Renewed Hope Cities and Estates that the government seeks to deliver in phases. Phase one of the project aims to deliver 34,500 housing units ranging from 1,000 housing units per site in one location in each of the six geo-political zones of the country and FCT. These are Abuja, Lagos, Kano, Borno, Nasarawa, Rivers, and Enugu are locations.

    Dangiwa assured Nigerians that the remaining states would not be left out because Renewed Hope Estates of 500 housing units per site would be constructed in each of the remaining 30 states. The slum upgrade would also take place in phases, as the Ministry plans to uplift 26 sites nationwide. This includes four sites in each of the six regions of the country totaling 24 and two in the FCT. 

    Key services to be provided at the identified sites will include water supply, solar streetlights, rehabilitation of access roads, construction of drainages and waste management and sanitation services.

  • First Lady offers Renewed Hope’s willingness to separate conjoined twins

    First Lady offers Renewed Hope’s willingness to separate conjoined twins

    • Ebonyi first baby arrives at midnight

    • Hair dresser gives birth to triplets in Enugu, seeks help

    • Bricklayer’s wife delivered of Ekiti first baby

    The First Lady, Senator Oluremi Tinubu, yesterday promised that her pet project, the Renewed Hope Initiative (RHI), will assist in the separation of a set of conjoined twins at the National Hospital in Abuja.

    The First Lady made the promise while presenting gifts to the first babies born at the hospital and came across the conjoined twins.

    After speaking with the Chief Medical Director (CMD) of the hospital, Prof. Mohammed Raji Mahmood, she promised the willingness of RHI to facilitate the surgery for the conjoined twins.

    Prof. Mahmood expressed appreciation of the hospital for the First Lady’s gesture.

    He called for more help to sustain the legacy of the national hospital.

    Senator Tinubu also urged expectant mothers to prioritise their health and seek to know their HIV/AIDS status. 

    In a statement in Abuja by her spokesperson Busola Kukoyi, Senator Tinubu urged well-meaning Nigerians to work with the government to adopt hospitals and wards for the improvement of healthcare delivery.

    She said the RHI was working with the United Nations Children’s Fund (UNICEF) to register all births in Nigeria to safeguard the rights and protection of all children.

    The First Lady visited the first baby of the year, a boy named Boluwatife Johnson, who was born at 12.03 a.m.

    She also visited other babies born in the hospital and presented gifts to them.

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    Senator Tinubu was accompanied by the wife of the Vice President, Hajia Nana Shettima; the Minister of Women Affairs, Uju Kennedy-Ohaneye; wife of the Works Minister, Mrs. Rachael Umahi, and the wife of the Minister of State for Defence, Mrs. Bello Matawalle.

    Baby Johnson was born at 12.03 a.m.

    Also, Ebonyi State’s first baby of the year was born at the National Obstetrics Fistula Centre (NOFIC) in Abakaliki, the state capital.

    The News Agency of Nigeria (NAN) reports that the baby girl, who weighed about 2.8 kilogramme, was born on the nick of the New Year.

    The governor’s wife, Mrs. Mary Maudline Nwifuru, who was at the hospital to present gifts to the first baby, expressed satisfaction over the safe delivery.

    The first baby was born to Mr. and Mrs. Elom.

    In Enugu State, a hair dresser, Joan Orajiobi, from Nnewi, gave birth to a set of triplets on New Year Day.

    She was delivered of two girls and a boy at a private hospital, the Praise and Grace Hospital and Maternity at 1 Mbanugo Street, Coal Camp, Enugu State.

    Orajiobi, who lives at Ologo Quarters in Uwani Enugu, sought help from fellow Nigerians to take care of the babies.

    “I am a hair dresser. I have two girls already before this pregnancy occurred in May,” she said.

    Seeking help from Nigerians, Orajiobi said it would be difficult for her and her husband to take care of the babies.

    In Ekiti State, wife of the governor, Dr. Olayemi Oyebanji, yesterday welcomed the first baby of the year at the Comprehensive Health Centre, Okeyard, Ise-Ekiti.

    The first baby, Adeyemo, was the second child of a 38-year-old bricklayer, Mr. Gbenga Adeyemo, and his 32-year-old wife, Mrs. Oluwatoyin Adeyemo.

    The mother was delivered of the baby at midnight and the baby weighed 3.0 kilogrammes at birth.

    Mrs. Oyebanji congratulated the parents and presented gifts to the new baby.

    In Lagos State, the first babay was born in Badagry.

    The governor’s wife, Dr. Ibijoke Sanwo-Olu, welcomed and presented gifts to the first babies of the year in four Lagos general hospitals at Badagry General Hospital; Maternal Child Centre (MCC) Amuwo-Odofin; Ajeromi General Hospital, and Apapa General Hospital.

    At Ajeromi General Hospital, a boy weighing 2.9 kilogrammes and delivered at 12.01 a.m by Mrs. Balogun is the first baby of the year. 

    Also, a boy weighing 3.6 kilogrammes, born at 12.04 a.m by Mrs. Echo-Harry, is the first baby of the year at the Badagry General Hospital.

    The first babies of the year at the Maternal and Child Centre at Amuwo-Odofin are twins delivered through Cesarean Section by Mrs. Salaudeen.

    The first child, a boy, weighing three kilogrammes, was delivered at 12.07 a.m; the second child, also a boy weighing 3.5 kilogrammes, was delivered at 12.09 a.m.

    The first baby of the year at the Apapa General Hospital is a boy weighing 2.6kg and born at 12.38 a.m by Mrs. Rafiu Rachael.

    Mrs. Sanwo-Olu presented gifts to the babies and blessed them.

    In Abia State, the governor’s wife, Mrs. Priscilla Otti, welcomed the first baby of the year at Okpulor Ukwu Primary Health Centre in Isiala Ngwa North Local Government Area.

    The News Agency of Nigeria (NAN) reports that Mrs. Otti presented gifts to the baby during her goodwill visit to the health centre.

    The first baby of the year, Chiziterem Jethro Ikechukwu, a boy who weighed 2.5 kilogrammes at birth, was born at 12:02 a.m to the family of Mr. and Mrs. Ikechukwu Albert of Mbubo community in the same local government.

  • Year of Renewed Hope

    Year of Renewed Hope

    • By Fredrick Nwabufo

    Sir: The road has not been without a few bumps, but the journey is as exhilarating as the promise of a propitious destination. 2023 has been the year of Renewed Hope. 2024 will even be a greater year of Renewed Hope, with some of the plans and programmes of the administration coming to fruition. Already, initiatives and polices such as the Renewed Hope Grants for Poor and Vulnerable Persons; the Presidential Conditional Grant Programme; the Presidential Palliative Loan Programme; The 3MTT programme and other digital economy programmes; the food security scheme, tax reforms, CBN reforms, and many others have come on stream – and still maturing. But 2024 will be a greater year of renewed and manifest hope.

    In this year of Renewed Hope, Nigeria decoupled from the ponderous yoke of petrol subsidy.

    In this year of Renewed Hope, Nigeria’s credit rating improved, with global financial services firms forecasting a reinvigorated economy in the coming months.

    In this year of Renewed Hope, insurgency and terrorism in the southeast and in the northeast receded.

    In this year of Renewed Hope, Nigeria received pledges of investments worth over $14 billion from a single event – the G20 Summit in India.

    In this year of Renewed Hope, Nigeria saved over N1 trillion in just two months of removing petrol subsidy.

    In this year of Renewed Hope, the federal government approved 50 percent input subsidy for wheat farmers for dry-season farming to boost productivity.

    In this year of Renewed Hope, the Tinubu administration launched the food security plan to cultivate 500,000 hectares of farmland across the country to produce essential grains such as rice, maize, wheat, as well as other crops.

    In this year of Renewed Hope, the Tinubu administration embarked on a diligent reform of Nigeria’s tax system, setting up the Tax and Fiscal Reforms Committee to drive reforms, streamline tax administration, improve and expand collection, and revitalise the economy.

    In this year of Renewed Hope, the CBN introduced effective monetary policies, clearing a significant amount of foreign exchange forwards backlog, and initiating the ongoing unification of foreign exchange rates.

    In this year of Renewed Hope, the federal government addressed some of the critical concerns of the Academic Staff Union of Universities (ASUU).

    In this year of Renewed Hope, Nigeria launched a well-defined and articulate foreign policy, anchored on Democracy, Development, Demography, and Diaspora (4Ds).

    In this year of Renewed Hope, the foundation upon which the triumph of subsequent years rests stands firmly ensconced.

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    2024 comes with great expectations and promises, especially as the Budget of Renewed Hope will begin running its course in the New Year. An understated element of the proposed budget is the allocation to health and social welfare — N1.33 trillion – a clear prioritisation of the nation’s engine.

    The administration is strengthening Nigeria’s health sector through targeted and robust investments. To mitigate the cost of healthcare, the Ministry of Health and Social Welfare is redesigning the Basic Health Care Provision Fund (BHCPF) to boost access to essential healthcare services as outlined in the National Health Act (2014). Also, a constituent of a more muscular health agenda is to increase the number of functional primary healthcare centres (PHCs) from 8,809 to 17,618 by 2027 across all 36 states and the Federal Capital Territory (FCT).

    The prices of some pharmaceuticals are spiralling, and the government is raptly attentive to the concerns of Nigerians. Professor Ali Pate, Coordinating Minister of Health and Social Welfare, recently announced that the government would establish a mechanism for the pooled procurement of critical pharmaceuticals in 2024. This initiative, he said, aims to mitigate costs and guarantee quality, making essential medications more affordable for Nigerians.

     ”In the medium term, Mr. President’s initiative to unlock the healthcare value chain will see Nigeria manufacturing increasing share of its generic drugs, medical devices, and associated content, such as vaccines over time. This will reduce our dependency on those only keen to exploit our markets,” he said.

    2023 is the year of Renewed Hope. 2024 will be a greater year of manifest hope.

    •Fredrick Nwabufo,

    Senior Special Assistant to the President on Public Engagement,

    Abuja.

  • Rivers exco okays N800b ‘Renewed Hope’ Budget 2024

    Rivers exco okays N800b ‘Renewed Hope’ Budget 2024

    • Gives lion’s share to infrastructure, education, health

    Rivers State Executive Council has deliberated and approved an estimated N800billion budget christened: ‘Renewed Hope, Consolidation and Continuity for the 2024 fiscal year’.

    The meeting presided over by Governor Siminalayi Fubara yesterday, was held at the Executive Chamber of Government House in Port Harcourt.

    Information and Communications Commissioner Warisenibo Johnson said N412billion  was allocated to capital expenditure, while recurrent expenditure had N361billion.

    Johnson said: “We had the 5th council meeting of Rivers State. We deliberated on the Medium Term Expenditure Framework, which is usually a precursor to discussing the budget.

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    “An 83-page document was also presented, which has the budget estimate. The budget estimate for 2024 is N800 billion and it is tagged: ‘Budget of Renewed Hope, Consolidation and Continuity’.

      ”Essentially, the budget is focused on some key areas, with infrastructure taking the lead with N128bilion of the budget, followed by education, health and security.”

    The Secretary to the Rivers State Government (SSG), Dr. Tammy Danagogo, said the budget estimate was aimed at giving Rivers people a renewed hope that will guarantee projects and human capital development.  

    He said: “We approved an estimated budget of N800,392,485,433.33kobo, which we believe, by the time it gets to the House of Assembly, the public will be made to see and understand all the projections and fundamentals.

    “Basically, the essence of the budget is to give the people and residents of Rivers State Renewed Hope and to ensure that there is a consolidation and continuity in what has been happening in terms of the harvest of projects we have been having in the state and of course other areas, particularly in human capital development, security, investment drive and ease of doing business.”