ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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SPANISH PM, PROPOSES PROPERTY PURCHASE BAN FOR NIGERIANS AND OTHER NON-EU NATIONALS TO COMBAT RISING HOUSING COSTS. (PHOTO).

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 Spanish Prime Minister Proposes Property Purchase Ban for Nigerians and other Non-EU Nationals to Combat Rising Housing Costs 


Spanish Prime Minister Pedro Sanchez has proposed a ban on property purchases by non-EU nationals in Spain as part of efforts to tackle rising housing costs.


Speaking at a rally in Plasencia, western Spain, on Sunday, Sanchez announced, “We will propose banning non-EU foreigners who are not residents, along with their families, from buying property here, as they are doing so to speculate.”


Earlier, on 13 January, Sanchez presented a plan to impose a tax of up to 100% on property purchases by non-EU nationals, such as Nigerians, who do not live in Spain. This is part of broader measures aimed at increasing the housing supply and controlling demand.


A source close to Sanchez clarified that the ban is still under discussion, with the main focus currently on discouraging non-resident purchases through higher taxes.


Spain is grappling with a housing shortage, exacerbated by gentrification and the influx of tourism, with the Central Bank predicting a 500,000-house shortfall this year.

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