Aso Villa Reads for 25/8/17

Every day, we bring you the best stories the media is reporting about the Government of Nigeria

THISDAY reports that “the Minister of Power, Works, and Housing, Mr. Babatunde Fashola disclosed that 2,736 fresh units of houses were being built by the Federal Government in 33 states, in a pilot phase to test-run the affordability and acceptability of its national housing programme.”

According to Vanguard ,“data from Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E window, known as Nigeria Autonomous Foreign Exchange (NAFEX) dropped to N355.55 per dollar yesterday from N361 per dollar. This drop, the paper wrote “translated to N5.45 appreciation for the Naira, the biggest daily appreciation since June. The Naira however remained stable at N370 per dollar in the parallel market.”

“The Federal Government, has initiated plans to achieve 100 per cent local fabrication of modular refineries in Nigeria and has entered into discussions with Original Equipment Manufacturers (OEM)”, reports Vanguard

Punch writes that “the Federal Government has launched a fund with an initial value of $200m to support local oil and gas firms.”

You can also subscribe to our Aso Villa newsletter below.

)