Economy
Finance Ministry (MOFI) Secures N100bn For Affordable Housing Development

Finance Ministry (MOFI) Secures N100bn For Affordable Housing Development
Finance ministry (MOFI) secures N100bn for affordable housing development. The Ministry of Finance Incorporated (MOFI) has raised N100 billion through the MOFI Real Estate Investment Fund (MREIF) to support affordable housing projects in Nigeria.
This follows the N150 billion Series 1 bond, fully subscribed in December 2024, bringing total funding under MREIF to N250 billion after the recent Series 2 offering, which also saw full subscription from private investors.
MOFI highlighted strong institutional investor confidence in the fund, positioning MREIF as a key platform for real estate financing.
Housing Sector Transformation Underway
Finance Minister Wale Edun described the successful Series 2 subscription as a milestone in addressing Nigeria’s housing finance gap.
MREIF offers mortgage financing with up to 20-year repayment periods at rates as low as 12%, significantly below commercial lending rates.
The fund aims to mobilize long-term capital and expand access to affordable homeownership.

Finance Ministry (MOFI)
MOFI Managing Director, Armstrong Takang, emphasized that the N1 trillion multi-tranche programme will drive further private sector participation and accelerate housing development.
The fund will integrate with commercial banks, mortgage institutions, and developers to enhance long-term housing finance solutions in Nigeria.
Economy
Full List: 15th Young Achievers Nigeria Awards Including Seyi Tinubu, Ayo Aderinwale, Jandor

Full List: 15th Young Achievers Nigeria Awards Including Seyi Tinubu, Ayo Aderinwale, Jandor
Full List: 15th Young Achievers Nigeria Awards Including Seyi Tinubu, Ayo Aderinwale, Jandor. The 15th edition of the Young Achievers Nigeria Awards (YANA), Nigeria’s most prestigious youth-focused event, is set to take place on April 20 at Ibis Ikeja Hotel, Lagos. The annual event celebrates outstanding young Nigerians who have broken barriers and excelled in their respective fields through hard work and dedication.
This year’s keynote speaker is Ambassador Seyi Tinubu, with other distinguished guest speakers including:
– Dr. Ayo Aderinwale – Chairman, Just Rite Retail Stores
– Dr. Jide Adediran (Jandor) – Former Lagos PDP Governorship Candidate
– Fiona Ahimie Ahmed – MD/CEO, FBNQuest Securities
– Dr. Alex Nwuba – Aviation Expert & Investor
– Chief Niyi Babade – International Media Mogul & Entrepreneur
In a statement released by Adeduntan Ibrahim Yinka, Publisher and Convener of the awards, he emphasized that despite Nigeria’s leadership and economic challenges, several young Nigerians have continued to make significant contributions on the global stage. According to him, this year’s honorees embody qualities such as honesty, competence, progress, intelligence, and inspiration.
Some of the outstanding individuals to be recognized include:
– Olanike Nafisat Balogun – First female pilot in the Nigerian Customs Service
– Flight Lieutenant Kafayat Sanni – First female fighter pilot in the Nigerian Air Force
– Mariam Oludamilola – Best graduate, Faculty of Dental Sciences, College of Medicine, UNILAG
– Abubakar Ai-Ihsan Muhammad – Best graduating student, Ahmadu Bello University (CGPA 4.95)
– Taiwo Shittu – Nigeria’s youngest automotive MD
– Kola Oladejo – Young entrepreneur with a Midas touch

Young Achievers Nigeria Awards
– Ayo Alabi – First-class graduate excelling as a young manager in the private sector
– Aisha Mohammed – Youth development coach & enlightenment manager at EFCC
The Young Achievers Nigeria Awards (YANA) remains a platform for celebrating today’s trailblazers and tomorrow’s industry leaders.
Economy
Governor Okpebholo Unveils 3,000 Hectares for Farming in Edo

Governor Okpebholo Unveils 3,000 Hectares for Farming in Edo
Governor Okpebholo unveils 3,000 hectares for farming in Edo. The Edo State Government has launched a large-scale farming initiative, starting with the cultivation of 3,000 hectares across the state’s three senatorial districts.
Governor Monday Okpebholo kicked off the project with the clearing of 60 hectares in Iguoriakhi, Ovia South West LGA, as part of efforts to boost food production.

Governor Okpebholo
Okpebholo emphasized that the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda for food security. He affirmed plans to replicate similar farm settlements in Edo Central and Edo North.
Dr. Osagie Peter, Permanent Secretary of the Ministry of Agriculture, revealed that about 250 farm heads will benefit from the first phase.
The Iguoriakhi Farm Settlement, originally established in 1962 with 2,350 hectares, already hosts permanent crops like oil palm and rubber.
Crime
Labour Unions Threaten Strike, Seeks Reversal Of Emergency Rule In Rivers

Labour Unions Threaten Strike, Seeks Reversal Of Emergency Rule In Rivers
Labour Unions threaten strike, seeks reversal of Emergency Rule in Rivers. The organised labour has warned of potential nationwide disruptions if the Federal Government does not reverse the state of emergency declared in Rivers State.
In a joint statement, the Rivers State leaders of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and Joint Negotiation Council (JNC) condemned the emergency rule, calling it illegal and undemocratic.
They argued that suspending Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and House of Assembly members was unconstitutional and undermined democracy.
The unions also highlighted the financial hardship faced by local government workers, many of whom have not received salaries due to the crisis. They warned that Rivers State’s economic instability could have severe consequences for Nigeria, given its strategic role in the nation’s economy and the Niger Delta region.

NLC
Furthermore, they pointed out that the uncertainty has deterred potential investors, weakening the state’s internally generated revenue (IGR) and affecting job creation.
While acknowledging the need for security, the unions insisted that governance must align with constitutional principles.
They urged the Federal Government to prioritize citizens’ welfare over political interests, warning that continued hardship could escalate tensions and resistance.
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