NIESV Calls For Amendment Of Land Use Act thetidenewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetidenewsonline.com Daily Mail and Mail on Sunday newspapers.
A property development firm, the UT Financial Services Limited, has raised the hope of low income earners in Rivers State towards owning a home.
The firm said it was making frantic efforts towards building affordable low cost houses in the state for low and medium income earners.
The Chief Executive Officer of the firm, Ade Adebanjo, made this known while interacting with The Tide at the Port Harcourt International Airport Omagwa, last Thursday.
He said he was already in talk with the state government on the execution of such project.
He said his company was also negotiating with the Bayelsa State Government on the same issue, adding that the response was encouraging.
The International Monetary Fund (IMF) mission to Nigeria says exchange rate and monetary policy reforms, increased revenue mobilisation and structural reforms will unlock Nigeria’s growth potential.
The team lead, Ms Jesmin Rahman, said this in a statement issued on Friday in Washington D.C at the conclusion of the virtual mission.
The mission was conducted from October 30 to November 17, in the context of the 2020 Article IV Consultation with Nigeria.
Rahman said that the COVID-19 pandemic was exacting a heavy toll on Nigerian economy, already experiencing falling per capita income and double-digit inflation, with limited buffers and structural bottlenecks.
According to her, low oil prices and sharp capital outflows have significantly increased Balance Of Payments (BOP) pressures; together with the pandemic-related lockdown, led to a large output contraction and increased unemployment.