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Instablog9ja
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The Federal Executive Council (FEC) has approved the creation of a N250 billion real estate investment fund, which aims to tackle Nigeria’s housing deficit and provide long-term, affordable mortgage financing for Nigerians.
Finance Minister Wale Edun disclosed this to State House correspondents on Thursday after the FEC meeting, which was led by President Bola Tinubu at the Presidential Villa.
According to Edun, the initiative will provide Nigerians with the opportunity to secure mortgages at interest rates significantly lower than the current market rates, which can exceed 30%, with tenures that could extend up to 20 years or more.
“Approval has been granted for the Ministry of Finance Incorporated (MOFI) real estate investment fund. This fund will serve as the basis for the revival of long-term mortgage financing in the Nigerian economy.
The MOFI Real Estate Investment Fund will initially amount to N250 billion and will provide low-cost, long-term mortgages to Nigerians who wish to acquire homes. It will help address part of the 22 million-unit housing deficit.
Of course, it will create jobs, stimulate economic growth, and pave the way for other private sector investors to participate in the housing construction industry, with significant benefits for the broader economy.
The concept is long-term. Investors will have the opportunity to earn market rates of interest and returns on investment, blended with seed funding of N150 billion,” he said.
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Instablog9ja
10 hrs
9
The Federal Executive Council (FEC) has approved an external borrowing plan of $2.2 billion aimed at boosting the nation’s finances and supporting ongoing economic reforms.
Finance Minister Wale Edun shared this update with State House correspondents on Thursday after the FEC meeting, which was led by President Bola Tinubu at the Presidential Villa.
According to him, “The first objective is to complete the federal government’s external borrowing program with the approval of the $2.2 billion financing package, which will include access to the international capital market through a combination of Eurobonds and Sukuk bonds—approximately $1.7 billion from the Eurobond offer and $500 million from Sukuk financing.
The actual composition of the financing will be finalized once the National Assembly has considered and approved the borrowing plan. After the external borrowing approval is granted, the funds will be raised as soon as possible within the year.
The exact combination of instruments will depend on the advice of transaction advisers and market conditions when we decide to enter the market.
Earlier in the year, we demonstrated the resilience of the Nigerian financial markets and their capacity to handle more complex and sophisticated offerings, such as the domestic issuance of dollar bonds that attracted investors from both Nigeria and abroad.”
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Instablog9ja
18 hrs
11
Edo State Governor Monday Okpebholo shared that he found a d3ad bat on his bed shortly before being declared the winner of the September 21 governorship election.
He recounted the experience during a post-swearing-in thanksgiving service held Wednesday night at Dr Samuel Ogbemudia Stadium in Benin City.
“I want to thank God. In this last election, while I was praising God, they (traducers) were busy operating from Arise. They were busy operating from Facebook. They were busy operating from Channels.
But, I took the battle to God because I know the secret. A few days to the election, they said this guy (Okpebholo) is cr+zy. We gathered to praise God in this state. They said, ‘What is he doing?’ They were there at Arise. But, I was listening to the voice of God. I won the battle.
After the election, on Sunday morning, I came to my room. I found a bat had di3d on my bed, without me sh%%ting any arrow. But the spirit of God was there. The arrow of God; the hand of God delivered me.
I am grateful to the men of God that stood in the gap. I am grateful to those that believe that with God, all things are possible. And I will give you one advice: trust in God alone because he will do it for you,” the governor said.
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Instablog9ja
1 dy
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The Federal Government has paid tribute to the late Abibat Mogaji, mother of President Bola Tinubu, by dedicating the ICT block at the Maryam Babangida National Centre for Women Development (MBNCWD) in her name.
At the unveiling ceremony held Tuesday in Abuja, Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, praised Mogaji as a strong matriarch and advocate for women’s empowerment.
According to her, “She served as a testament to the relentless pursuit of her unwavering commitment to the upliftment of women.
We are gathered here to celebrate and honour the remarkable values of gender inclusion, women empowerment, and humanitarian services rendered by a resilient matriarch, mother, and an Amazon, the Late Chief Alhaja Abibat Mogaji.
She served as a testament to the relentless pursuit of her unwavering commitment to the upliftment of women and the extraordinary efforts in creating a more compassionate society where no one is left behind.
As we unveil the new name of the ICT block, let it be a symbol of our pledge to strive harder for the rights of women, to honor their contributions to our country.
To build a society where every woman and child can fulfil their potential with dignity and pride.”
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Healthwatch
2 dys
34
Recently, a friend asked me about tonsil stones. He has sore throats several times a year, which are instantly relieved by gargling to remove them. When I told him I thought tonsil stones were pretty rare, he asked: "Are you sure about that? My ear, nose, and throat doctor says they're common as rocks." (Get it? stones? rocks?)
It turns out, my friend and his doctor are on to something. Tonsil stones are surprisingly common and often quite annoying. Here's what to know and do.
What are tonsil stones?
Tonsil stones (medical term: tonsilloliths) are small white or yellow deposits on the tonsils. They develop when bacteria, saliva, food particles, and debris from cells lining the mouth get trapped in tiny indentations called crypts.
They vary considerably between people, including:
While they're more likely to form if you have poor oral hygiene, good oral hygiene doesn't provide complete protection. Even those who brush, floss, and see their dentists regularly can develop tonsil stones.
How common are tonsil stones?
You've heard of kidney stones and gallstones, right? Clearly, those conditions are better known than tonsil stones. Yet tonsil stones are far more common: studies suggest that up to 40% of the population have them. Fortunately, unlike kidney stones and gallstones, tonsil stones are usually harmless.
What are the symptoms of tonsil stones?
Often people have no symptoms. In fact, if tonsil stones are small enough, you may not even know you have them. When tonsil stones do cause symptoms, the most common ones are:
Who gets tonsil stones?
Anyone who has tonsils can get them. However, some people are more likely than others to form tonsil stones, including those who
How are tonsil stones treated?
That depends on whether you have symptoms and how severe the symptoms are.
Is surgery ever necessary?
Occasionally, surgery may be warranted. It's generally reserved for people with severe symptoms or frequent infections who don't improve with the measures mentioned above.
Surgical options are:
Can tonsil stones be prevented?
Yes, there are ways to reduce the risk that tonsil stones will recur. Experts recommend the following:
The bottom line
Considering how common tonsil stones are and how bothersome they can be, it seems strange that they aren't more well known. Maybe that's because they often get better on their own, or people figure out how to deal with them without needing medical attention.
I hope you aren't one of the many millions of people bothered by tonsil stones. But if you are, it's good to know that they're generally harmless and can be readily treated and prevented.
Now that you know more about them, feel free to spread the word: tonsil stones should be a secret no more.
Source: Harvard Health Publishing
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Instablog9ja
2 dys
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The Minister of Interior, Olubunmi Tunji-Ojo, has stated that the federal government is working to address the country’s security challenges.
Speaking with Channels Television on Tuesday, the minister said the National Security Adviser, Nuhu Ribadu; the Minister of Defence, Mohammed Badaru and the Chief of Defence Staff, General Christopher Musa, are losing sleep over the issue.
“Nobody is resting. Not the NSA, Mallam Nuhu Ribadu, not the Minister of Defence, not the Chief of Defence Staff, not the DSS.
Nobody is sleeping, we are working. This security issue is a major issue of national concern and I will not sit here and refuse to take responsibility for the security of Nigerians on behalf of the President.
The President is sensitive to these issues. Do not judge the President, or this administration by the level of assurance. Talk is cheap, the real deal is the action.
We came May 29 last year, I don’t want us to bring politics into this. We all know the situations across the board, have we gotten to where we want to get to? The answer is no. Are we where we were? The answer is no. We have made progress,” he said.
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