21

Jan

Gbajabiamila Proposes An Education Bank And A Student Loan Program

THE Speaker of the House of Representatives, Hon. Femi Gbajabiamila has urged for the establishment of an Education Bank to provide interest-free loans to students in tertiary institutions in order to make funding education at that level more accessible to all. He also campaigned for the establishment of a Student Loan Scheme in the country. He made the remarks while delivering the 52nd convocation address at the University of Lagos, UNILAG, on Monday. The topic of the presentation was “Building Back Better: Creating a New Framework for Tertiary Education in Nigeria in the Twenty-First Century.” In this regard, he stated […]

17

Jan

Tambuwal: Sokoto Government Spent N2 Billion On MSMEs Development

In the previous few years, the administration of Sokoto State has spent no less than N2 billion on the growth of entrepreneurship in the state. The money spent on providing capital to entrepreneurs “and reactivating some dormant industries in the state” was raised by the government in partnership with the Bank of Industry and distributed to beneficiaries as a Micro, Small, and Medium Enterprises (MSMEs) Development loan. Sokoto State Governor, Rt. Honorable Aminu Waziri Tambuwal, made the announcement on Saturday as he wrapped up a three-day entrepreneurship skills development training for 130 youths in the state hosted by the Sokoto[…]

14

Jan

The Pan-African Payment Platform Will Lessen Reliance On Dollars And Pounds In The Continent’s Trade – Emefiele

The Central Bank of Nigeria’s (CBN) governor, Godwin Emefiele, said the pan-African payment and settlement system (PAPSS) will ease cross-border transactions and minimize the use of third currencies in intra-African trade. For cross-border transactions in Africa, the third currencies are dollars, pounds, and euros. Emefiele made the remarks on Thursday at the opening of PAPSS in Accra, Ghana. The platform for commercial use was officially introduced by the Africa Export-Import Bank (Afreximbank) in partnership with the African Union (AU) and the African Continental Free Trade Area (AfCFTA). Speaking at the ceremony, Emefiele stated that the launch of PAPPS is a[…]