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    MarketForces Africa » MarketForces News » Ebonyi Approves Over ₦5bn for Workers’ Housing Units

    Ebonyi Approves Over ₦5bn for Workers’ Housing Units

    Julius AlagbeBy Julius AlagbeDecember 17, 2024 News No Comments1 Min Read
    Ebonyi Approves Over ₦5bn for Workers’ Housing Units
    FrancisOgbonna Nwifuru, Ebonyi State Governor
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    Ebonyi Approves Over ₦5bn for Workers’ Housing Units

    The Ebonyi State Government has approved over N5 billion to construct 126 housing units for its workers.

    Mr Jude Okpor, Commissioner for Information and Orientation, disclosed this on Tuesday in Abakaliki at a news conference after the state executive council meeting.

    “The council approved ₦40 million as a unit cost for each of the 126 approved housing units.

    “This is expected to gulp N5,000,000,040. The council at the meeting resolved to execute this project through direct labour,” Okpor explained.

    On the state revenue generations, the commissioner said that the council gave approval for the engagement of three revenue firms.

    “Pursuant to the need to increase the revenue base of the state, the council took a hard look at the contents of the proposal requesting the approval of some revenue/financial consultants in the state.

    “The council gave approval for the engagement of three revenue firms in this regard,” he said. #Ebonyi Approves Over ₦5bn for Workers’ Housing Units#

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

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    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

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