06

Mar

President Tinubu Set To Launch Students Loan Scheme, Application App Ready.

In accordance with his campaign pledge, President Bola Tinubu is scheduled to inaugurate the Students Loan Scheme this week, barring any unforeseen circumstances. The government-engaged IT specialists have concluded testing on the student loan application, which is now operational. It is worth noting that the Access to Higher Education Act, 2023, was ratified by President Tinubu on June 12, 2023. This legislation grants interest-free financing to economically disadvantaged students who wish to pursue higher education at any Nigerian tertiary institution. The action was taken to “fulfill one of his campaign promises to liberalize education funding,” according to a member of […]

31

May

N200 Billion Social Housing Facility Ready For Disbursement At A Rate Of 5% Per Year – FG

The Presidency has declared that the N200 billion facility set aside for the Federal Government Social Housing Scheme is available for disbursement, allowing the project to get underway. This follows the signing of an agreement with the Central Bank of Nigeria (CBN) and a guarantee from the Federal Ministry of Finance for the project, which is intended to produce 1.8 million employment and provide housing to 1.5 million Nigerian families at a rate of 5% each year. The information was revealed in a statement released by Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity,[…]

27

Apr

FG Disagrees With World Bank, That Nigeria Spent $1.5b On Electricity

The government demands that SBT increase collection by N65 billion and 600,000 meters. Ahmad Rufai Zakari, the President’s Special Adviser on Infrastructure, yesterday slammed a World Bank study claiming that the Federal Government spends at least $1.5 billion to address the country’s electricity shortage. According to the presidential aide, the World Bank report, which also reported that 78 percent of power users in Nigeria have less than 12 hours of regular electricity supply, was unfounded. Although the World Bank reported that the Nigerian government is currently subsidizing the power sector with about $1.5 billion, mostly due to tariff shortfalls, Zakari[…]