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Tinubu Launches Construction of 3,112 Renewed Hope City in Abuja

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President Bola Tinubu has performed the groundbreaking of the 3,112 housing-unit Renewed Hope City in Karsana, Abuja and reiterated his administration’s resolve to provide decent and affordable housing for Nigerians.

The project is a part of 20,000 housing units to be delivered in the Federal Capital Territory under a Public Private Partnership Arrangement being implemented by the Federal Ministry of Housing and Urban Development and it represents the first practical expression of the administration’s desire to implement a New City Development Plan under the Renewed Hope Agenda.

Tinubu said under this plan, integrated living communities that will redefine the essence of residential living for Nigerians nationwide will be built, emphasizing that his vision is to build dynamic, integrated, and self-sustaining communities, equipped with amenities to enhance the quality of living for residents.

“This includes well-connected access and internal roads, provision of reliable and uninterrupted electricity, healthcare facilities to offer accessible and quality medical services and educational institutions to provide learning environments that nurture knowledge and skills.

“Our goal is to increase the sense of togetherness, improve health and productivity of our citizens and reduce pressure on city centres. On this note, I am today directing the Minister of the Federal Capital Territory and the Minister of Works to provide access roads to all Renewed Hope Cities and Estates Projects to increase accessibility and livability starting with this site in Karsana.

“This is because my administration believes that every Nigerian deserves to have access to shelter that is affordable and adequate,” he said.

Tinubu stated that beyond the moral imperative of providing decent and affordable housing for citizens, his administration also recognizes the immense potential of housing as a catalyst for inclusive economic growth.

He added, “it is with this understanding that we have classified housing as essential social infrastructure and made it a major priority area towards delivering economic growth and Job Creation.

At 25 direct and indirect jobs per house, the 20,000 housing units planned for the Federal Capital Territory alone will create 500,000 jobs.”

On the determination of his administration to ensure that Nigeria’s housing deficit is bridged, the President said he is resolved to facing this challenge with the boldness and urgency that it requires.

“We aim to promote Public Private Partnership (PPP) collaborations that attract domestic, foreign, and diaspora investments. We also aim to design and implement incentive schemes, boost our capital market while enhancing the governance and risk management frameworks to ensure their stability, transparency and integrity.

“We are resolved to facing the housing challenge with the clarity of purpose and determination that is required to break all the barriers that stand in our way of success.

“That is why I took the historic decision of separating the Federal Ministry of Housing and Urban Development from Works so it can be fully aligned towards tackling the nation’s massive housing problem. That is also why I have appointed experienced professionals with proven track records of delivering in the housing sector to lead the Ministry,” he said.

The President also said he is committed to providing the Federal Ministry of Housing and Urban Development with the political will that is required to ensure that his administration makes a historic difference in the housing and urban development landscape of the country.

“I am happy to hear that the Federal Ministry of Housing and Urban Development has already awarded contracts for the construction of 200 housing units in twelve (12) states (2 per geo-political zone) as Renewed Hope Estates. In this regard, the Minister is to proceed with the groundbreaking ceremonies in the twelve (12) locations and the estates must be completed before the end of 2024.

“I am also delighted to hear that the Renewed Hope Cities are being developed in three locations: Kano 1,500 housing units; Lagos 2,500 housing units and Abuja 3,112 under a variety of funding arrangements. The Ministry’s plan to kickstart a National Urban and Slum Upgrading Programme covering 26 sites nationwide is also commendable,” he said.

President Tinubu said in the next couple of weeks he will also be performing the groundbreaking of a similar project to deliver 2,500 housing units at the Ibeju–Lekki coastal city, Lagos.

“This project will also provide a practical demonstration of cross-subsidisation where out of the 1,500 housing units to be funded by FMBN, 400 will be sold at concessionary rates to low and medium income Nigerians who are members of the Nigeria Labour Congress and the Trade Union Congress,” he added.

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One Year into OPay’s N1.2 billion 10-year Scholarship Initiative, What’s Next?

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Getting into a tertiary institution is only half the journey. Staying in school, paying fees on time, and having the right support system can be the bigger challenge. Over the past year,

OPay has stepped into that gap, not just as a fintech company, but as a partner in the ambition and aspirations of thousands of students.

Through its long-term scholarship initiative, OPay has committed N1.

2 billion over 10 years to support outstanding and indigent students across more than 20 partner tertiary institutions nationwide.
What began as tuition support has grown into something more profound, a structured investment in young people who have the capacity but need financial backing to stay focused on their studies.

In campuses from Ife to Zaria and Calabar, OPay scholarship beneficiaries have shared stories of relief and renewed confidence. For many, the scholarship meant their parents no longer had to borrow money for school fees. For others, it meant more time in the library and less time worrying about part-time work. In a country where education remains one of the strongest ladders to upward mobility, this kind of support goes beyond money; it restores dignity and hope.

But OPay’s Corporate Social Responsibility (CSR) journey is not stopping at the scholarship initiative.

Building on the strong foundation already laid, OPay is launching OPay Scholars, a bold expansion that moves from financial support to full career development. The 2026 edition will introduce OPay Futures and a National Innovation Challenge, where students can propose practical solutions to real-world problems. It will also feature a focused webinar session and a bootcamp led by industry experts, providing scholars with direct access to knowledge in technology, entrepreneurship, and career growth.

Most notably, the 2026 edition will create a structured career development pathway, culminating in a grand finale of OPay’s second annual Empowering Futures Conference.

This platform will not only celebrate academic excellence but also spotlight creativity, leadership, and innovation among Nigerian students.

At a time when many young Nigerians are asking, “What next after school?”, OPay is helping to answer that question. By combining financial aid with mentorship, exposure and opportunities for innovation, the company is positioning education as both a safety net and a springboard.

OPay’s impact over the past year proves one thing clearly: when businesses invest consistently in people, communities grow stronger. And in 2026, OPay Scholars is set to support ambitions and actively shape the future, one student, one idea, and one opportunity at a time.

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Benue Not Owing Workers’ Salary – Odey

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By Attah Ede, Makurdi

The Benue State government has debunked reports in some sections of the media including DAILY ASSET NEWSPAPER over alleged owing of Workers’ Salary.

Deputy Governor, Dr. Sam Odey who refuted the media claims on Sunday in Makurdi said the state government was only carrying out workers verification exercise, which according to him, they will be paid accordingly after the conclusion of the exercise.

Odey, who said the state government remains committed to the welfare of workers, urged media organizations to always verify the sources of their information before going public.

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Dangote Invests $4bn Fertilizer Plant in Ethiopia

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The President of Dangote Industries Limited, Aliko Dangote, received a hero’s welcome in Gode, Ethiopia, on a visit tied to his group’s fertiliser plant project in the country.

He was hosted by Prime Minister Abiy Ahmed, and both men visited the construction site of the proposed facility on Sunday.

Ethiopia signed a shareholders’ agreement with Dangote Group in August last year for the establishment of a urea plant with an annual production capacity of three million metric tonnes.

Construction was officially launched in October 2025. The joint venture is structured with Dangote holding 60 per cent and Ethiopian Investment Holdings, 40 per cent.

Dangote announced an increase in the project’s total investment from $2.

5 billion to over $4 billion.

The Dangote Group statement read, “Dangote announced an increase in investment from $2.5 billion to over $4 billion, reflecting expanded scope, including a 110km pipeline, a 120MW power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant.”

Abiy, who accompanied Dangote on the site visit, described the project as central to Ethiopia’s development agenda.

The prime minister said in a statement, “This initiative represents far more than infrastructure. It is a strategic investment in Ethiopia’s agricultural transformation, food security, industrial growth, and economic self-reliance.”

He said the plant would deliver broad national benefits upon completion.

“Once completed, the fertiliser plant will play a vital role in strengthening local production capacity, reducing dependence on imports, supporting millions of farmers, and creating new opportunities for jobs and investment,” he said.

Abiy said he was encouraged by what he observed on the ground.

“This morning, together with Aliko Dangote, I visited the project site in Gode to assess the progress achieved so far. I am encouraged by the steady momentum across the project area.

“Construction activities are advancing as planned across multiple sections of the site, reflecting the strong commitment and collaboration driving this important national project forward,” he stated.

The Dangote Group statement added, “The project reinforces Dangote Group’s commitment to industrial development across Africa.”

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