THE Presidency on Wednesday explained that the Students Loan Scheme slated to be launched on March 14, was put off in order to put final touches on it. The Presidency also assured that President Bola Tinubu is fully committed to the loan scheme as it would guarantee that indigent students did not drop out of school due to lack of money. Recall that the Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, had announced the indefinite postponement of the scheme during an interview with ARISE News on Tuesday. Fielding questions from State House correspondents after the Federal Executive…
Author: Ajibola Oluwasegun
THE Presidency on Wednesday explained that the Students Loan Scheme slated to be launched on March 14, was put off in order to put final touches on it. The Presidency also assured that President Bola Tinubu is fully committed to the loan scheme as it would guarantee that indigent students did not drop out of school due to lack of money. Recall that the Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, had announced the indefinite postponement of the scheme during an interview with ARISE News on Tuesday. Fielding questions from State House correspondents after the Federal Executive…
The All Progressives Congress (APC), and the Peoples Democratic Party (PDP) traded words on Wednesday over the security alarm raised by Governor Ademola Adeleke on the alleged plans by hoodlums to attack schools and farm settlements in the state.
Senator Ali Ndume, representing Borno South Senatorial District, says the ruling All Progressives Congress (APC) has treated the People’s Democratic Party (PDP) nicely, despite the latter not doing the same when they were in power. Ndume, a member of the APC, while responding to allegations that some senators received more funds for their constituency projects, affirmed that nine other senators, who are leaders of the Senate, got more. He made this known during an appearance on Channels Television’s Politics Today programme on Wednesday. “We’re very nice to the PDP, despite the fact that they didn’t treat us like that when…
AIRCRAFT LEASING (in particular, DRY LEASING) is ONE factor that will help boost the business of local operators in our Airline industry. No airline company in the world or even any Government for that matter can afford to purchase its fleet of aircrafts one hundred percent. The biggest airlines in the world depend on DRY LEASING in particular. One other factor, amongst others, is the establishment of Maintenance, Repair and Overhaul (MRO) facilities within the country. We are currently wooing investors in this regard. Should Government completely abandon local operators to fend for themselves? What can Government do to help…
The Federal Government said the United States and some other foreign countries have offered to assist Nigeria in combating kidnappings and other high-profile crimes. Minister of Information and National Orientation, Mohammed Idris, disclosed this while speaking with reporters at the State House, Abuja, after the Federal Executive Council (FEC) meeting, presided over by President Bola Ahmed Tinubu. Read also: Househelp stabs boss to death 7 days after resuming work According to the minister, the president reiterated his directive that security agencies must ensure the safe return of all kidnapping victims. The incidences of kidnapping, especially in the North, have spiked…
President TINUBU’s economic policies have consistently demonstrated sound judgment and strategic foresight, leading to the recent attainment of a CCC+ rating in sovereign credit by reputable agencies. This achievement underscores the confidence investors have in Nigeria’s economic trajectory under his leadership. Despite enduring macroeconomic challenges and currency fluctuations, President TINUBU’s administration has navigated these obstacles with resilience, showcasing its commitment to fostering economic stability and growth. In the face of Nigeria’s economic woes, exacerbated by years of mismanagement and the recent removal of fuel subsidies, it’s evident that decisive action is needed to steer the nation towards prosperity. President Tinubu’s…
ALL is not well in the All Progressives Congress, APC, in Edo State, as a Federal High Court, in Abuja, will, today, begin sitting on a suit brought before it by Dennis Idahosa, who is claiming to be the Edo governorship candidate of the party and does not want the Independent National Electoral Commission, INEC, to accept any other person except him as APC candidate. This is coming on the heels of a deadlock over plans to “import” a governorship aspirant in the Peoples Democratic Party, PDP, Omoregie Ogbeide-Ihama, into the APC, as running mate to Senator Monday Okpebholo. Justice…
The Central Bank of Nigeria (CBN) has resumed its funding intervention for agriculture sector apparently in response to the challenges of food security in the country. The apex bank has earmarked N100 billion to purchase 2.5 million bags of fertilizers for distribution to farmers. The Governor of the CBN, Mr. Olayemi Cardoso, said that the investment in agriculture would increase food production and reduce inflation, currently at 29. 9 percent. Speaking during the fertilizer handover event at the Ministry of Agriculture and Food Security yesterday, he said, “As we are all well aware, the Central Bank of Nigeria significantly emphasises…
The Federal Government and the Organisation of Petroleum Exporting Countries (OPEC) have disagreed on Nigeria’s average daily crude oil production, with Wale Edun, Minister of Finance and Coordinating Minister of the Economy, claiming that the country’s oil production has risen to 1.65 million barrels per day (bpd), while OPEC put the nation’s production at 1.32 million bpd in February 2024. Speaking in Abuja yesterday at a podcast hosted by Bruit Costaud in collaboration with Ballard Partners of USA, Edun said that Nigeria’s oil production increased to 1.65 million bpd, from 1.25 million bpd in June 2023. He stated: “The prices…