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CBN has Just Devalued the Naira against the Dollar

by Leading Reporters
written by Leading Reporters

Nigerian Naira collapses to N435 against the dollar at the official market.

This is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to N413.49/$1 — in what seems to be another devaluation this year.

In May, the apex devalued the naira from N379 to N411 per dollar by adopting the (I&E) window.

Although Godwin Emefiele, governor of the CBN, had dismissed insinuations about naira devaluation, says Nigeria operates a managed-float exchange regime.

A managed float fx regime is when exchange rates fluctuate daily, but central banks attempt to influence the rate by buying and selling currencies to maintain a specific range.

Checks by TheCable showed that the local currency, which opened trading at an indicative price of N420.67 to a dollar, dropped to N435 at the end of Friday’s trading, according to FMDQ OTC Securities Exchange, a platform that oversees foreign-exchange trading in Nigeria.

The naira was quoted as high as N445.50 per dollar during the intra-day trading.Advertisement

Nwanisobi Osita, spokesperson of the CBN, told us that the market determines the exchange rate.

“If you see N413, then that’s what it is. The market determines the rate,” Osita said.

The apex bank has devalued the exchange rate multiple times since March 2020 as it strives to bridge the disparity between the official and parallel market rates.

At the parallel market, the local currency stabled at N570 to a dollar.

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Business

Stocks rally to new record highs on strong jobs data and Pfizer Covid pill news

by Chinedu Iroegbulam
written by Chinedu Iroegbulam

A wonderful world with with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me.

DEVELOP THE ECONOMY 

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

[blockquote align=”left” author=”Penci Design” style=”font-size: 30px”]To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?[/blockquote]

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words.

MODERN NEWS & MAGAZINE

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

 

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

How To Achieve Zero Carbon Emission

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth.

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Business

Joe Biden and the American economy just got a double dose of good news

by Chinedu Iroegbulam
written by Chinedu Iroegbulam

A wonderful world with with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me.

DEVELOP THE ECONOMY 

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

[blockquote align=”left” author=”Penci Design” style=”font-size: 30px”]To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?[/blockquote]

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words.

MODERN NEWS & MAGAZINE

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

 

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

How To Achieve Zero Carbon Emission

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth.

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Business

Big rebound in jobs: America adds 531,000 jobs to the economy in October

by Chinedu Iroegbulam
written by Chinedu Iroegbulam

A wonderful world with with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me.

DEVELOP THE ECONOMY 

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

[blockquote align=”left” author=”Penci Design” style=”font-size: 30px”]To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?[/blockquote]

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words.

MODERN NEWS & MAGAZINE

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

 

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

How To Achieve Zero Carbon Emission

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth.

0 comments
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Business

Judge rules against Blue Origin in standoff with SpaceX, NASA court

by Chinedu Iroegbulam
written by Chinedu Iroegbulam

A wonderful world with with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me.

DEVELOP THE ECONOMY 

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

[blockquote align=”left” author=”Penci Design” style=”font-size: 30px”]To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?[/blockquote]

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words.

MODERN NEWS & MAGAZINE

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

 

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

How To Achieve Zero Carbon Emission

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth.

0 comments
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Business

Want a better paying job? You need to figure out how much you really make

by Chinedu Iroegbulam
written by Chinedu Iroegbulam

A wonderful world with with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me.

DEVELOP THE ECONOMY 

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

[blockquote align=”left” author=”Penci Design” style=”font-size: 30px”]To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?[/blockquote]

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words.

MODERN NEWS & MAGAZINE

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

 

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

How To Achieve Zero Carbon Emission

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth.

0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Business

World economy: Another Chinese real estate developer is in serious trouble

by Chinedu Iroegbulam
written by Chinedu Iroegbulam

A wonderful world with with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me.

DEVELOP THE ECONOMY 

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

[blockquote align=”left” author=”Penci Design” style=”font-size: 30px”]To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?[/blockquote]

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words.

MODERN NEWS & MAGAZINE

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

 

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

How To Achieve Zero Carbon Emission

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth.

0 comments
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Business

Buying a home? A 30-year mortgage may not be your best option

by Chinedu Iroegbulam
written by Chinedu Iroegbulam

A wonderful world with with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me.

DEVELOP THE ECONOMY 

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

[blockquote align=”left” author=”Penci Design” style=”font-size: 30px”]To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?[/blockquote]

When I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words.

MODERN NEWS & MAGAZINE

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators. To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words. If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages. The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

 

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary. The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

How To Achieve Zero Carbon Emission

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth.

0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
BusinessHeadlines

Hunger ravages Nigerian as consumable cereals record 253%, 51% price jump

by Leading Reporters
written by Leading Reporters

Farmers decry worsening insecurity, FG promises intervention
The cost of food items in Nigeria has been recording significant increases in the past one year.

A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food commodities have witnessed astronomical price hikes.

Findings showed that within a one-year period, the cost of 50kg of beans rose by about 253 per cent, a basket of tomatoes leaped by 123 per cent, while the price of 50kg of rice rose by 51.48 per cent.

Other commodities such as bread, garri and onions also witnessed sharp increases in their prices during the period under review.

The food commodities surveyed included rice, beans, garri, maize, tomatoes, onions and bread, while the time frames examined were July 2020, January 2021 and July 2021.

In July 2020, the cost of one mudu of rice was N420.63, while 50kg of rice was between N21,125 and N28,500.

A price increase occurred in January 2021, with one mudu of rice rising to N500, while 50kg of rice was between N23,750 and N24,500.

The increase continued until in July 2021 as one mudu of rice rose to N1,100, while 50kg of rice increased to an average of N32,000.

As of July 2020, one mudu of beans cost N305.48, while 50kg of beans was N12,750.

However, by January 2021, the price of a mudu of beans had climbed to N373, while 50kg of beans was N30,000.

The increase continued in July 2021, with one mudu of beans costing N900, while 50kg of beans had risen to N45,000.

Between July 2020 to January 2021, the cost of a 1kg and onions rose from N180.56 to N411, while one big bag of onions climbed from N17,000 to N21,500.

In July 2020, the cost of one mudu of garri was N247.62, while 50kg of garri was N11,500.

A price increase occurred in January 2021, with one mudu of garri selling for N300, while 50kg of garri sold between N10,750 to N11,125.

The increase continued until in July 2021 with one mudu of garri going for N450 while 50kg of garri sold for N14,500.

In July 2020, a mudu of maize was sold for N186.89 to N184.52, while 50kg of maize was N17,500 to N17,250.

A price increase occurred in January 2021 with one mudu of maize selling for N216 to N230, while 50kg of maize was N20,000 to N20,167.

The increase continued in July 2021 with one mudu of maize selling N400, while 50kg of maize sold between N22,000 and N24,000.

In July 2020, the cost of 1kg of tomatoes was N284.49, while a big basket of tomatoes was N8,500.

A price drop occurred in January 2021 with 1kg of tomatoes going for N152, while a big basket of tomatoes sold for N6,500.

However, as of July 23, 2021 when this report was filed, 1kg of tomatoes cost N1,000, while a big basket of tomatoes was sold for N19,000.

The cost of bread continued to rise steadily within the review period.

As of July 2020, the cost of one loaf of bread was N375. The same unit was sold for N500 in January 2021 and N600 as of July 2021.

The composite food index (a measure of food inflation) rose to 21.83 per cent in June compared to 22.28 per cent in May 2021, according to the National Bureau of Statistics.

This rise was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, milk, cheese and eggs, fish, soft drinks, vegetables, oils and fats, and meat.

In January, food inflation was 20.57 per cent, compared to 19.56 per cent in December 2020. This rise was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, meat, fruits, vegetable, fish and oils and fats.

In June 2020, food inflation was 15.18 per cent. An increase caused by increases in prices of bread and cereals, potatoes, yam and other tubers, fruits, oils and fats, meat, fish and vegetables.

According to the NBS, food inflation on a year-on-year basis was highest in Kogi (30.34 per cent), Enugu (25.18 per cent) and Kwara (24.78 per cent), and lowest in Bauchi (18.97per cent), River (18.92per cent) and Abuja (17.09per cent) in June, 2021.

On month-on-month basis, food inflation was highest in Jigawa (2.67 per cent), Edo (2.43 per cent) and Cross River (2.16 per cent), and lowest in Lagos (0.14 per cent), Borno (0.06 per cent) and Kwara (0.02 per cent) in June, 2021.

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BusinessHeadlines

Quality Control, Solution to Building Collapse – BSTAN GROUP

by Leading Reporters
written by Leading Reporters

Kenny Folarin, Abuja

The President, BSTAN GROUP, Dr. Becky Olubukola has identified Quality Control as a panacea to reduce the incidences of Building Collapse in the country.

Olubukola while speaking in Abuja on Friday at the signing of four new brand Ambassadors for BSTAN GROUP noted that quality control, regulations and right orientation for the public will reduce incidences of building collapses and housing deficit in the country.

According to Olubukola, regulatory agencies in the building and construction industry must ensure regulations and enforce sanctions to defaulters.

“For me it is about quality control, building what people can live in while thinking about yourself, the COREN and other regulatory agencies should come out with regulations that can stop the deficit in housing and collapse of structures”.

Olubukola further stated that people should be orientated and be abreast of information in building and construction so as not to fall victim of building collapse.

“People should also have orientation about building, when an engineer serve you a bill, negotiate, don’t say the Bill is too high and you give a bricklayer,

“it is for both parties as far as we need to put regulation and sanctions in the industry, there is also a need for the people of Nigeria to know the right thing about good building”.

Meanwhile, Olubukola urged the new ambassadors to be of goodwill and represent the standard and quality of BSTAN GROUP brand anywhere they go.

“For our newly appointed ambassadors, we are expecting goodwill, good information, spread good news and represent the quality and standard of BSTAN GROUP brand, give out information to people on how they can afford affordable homes”.

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