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Showing posts from June, 2023

Student Loan Disbursement Begins September 2023 – FG

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Student Loan Distribution Initiated by Federal Government Starts in September  The Federal Government of Nigeria is diligently preparing to launch the disbursement of student loans, planning to kick start this vital financial assistance from September to October. The announcement was made public by David Adejo, the influential Permanent Secretary at the Federal Ministry of Education. He disclosed this strategic development during a media interaction in the nation’s capital, Abuja, on a bright Wednesday afternoon. On the previous Monday, President Bola Tinubu demonstrated his unwavering commitment to education, signing into law a critical bill that facilitates student access to loans free of interest charges. This landmark decision reflects a significant shift in education funding, demonstrating an active government effort to ease the financial burden on students. This news is just the beginning of a comprehensive story that will evolve over the coming months… The Promise of Interes...

PRESIDENT BOLA AHMED TINUBU SUSPENDS BAWA INDEFINITELY FROM OFFICE AS CHAIRMAN ECONOMIC & FINANCIAL CRIMES COMMISSION

 OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION 14th June, 2023   PRESS RELEASE PRESIDENT BOLA AHMED TINUBU SUSPENDS BAWA INDEFINITELY FROM OFFICE AS CHAIRMAN ECONOMIC & FINANCIAL CRIMES COMMISSION President Bola Ahmed Tinubu,GCFR, has approved the indefinite suspension from office of Mr. AbdulRasheed Bawa, CON, as the Chairman, Economic and Financial Crimes Commission (EFCC) to allow for proper investigation into his conduct while in office.  2. This follows weighty allegations of abuse of office levelled against him. 3. Mr Bawa has been directed to immediately handover the affairs of his office to the Director, Operations in the Commission, who will oversee the affairs of the Office of the Chairman of the Commission pending the conclusion of the investigation.  Willie Bassey Director, Information

UNDERSTAND NIGERIA’S NEW STUDENT LOAN BILL:

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  Understand Nigeria’s new Student Loan bill: Discover eligibility requirements, application process, loan amounts, and repayment terms. Get your common questions about student loans in Nigeria answered here. Will I Face Imprisonment for Not Repaying a Student Loan? On June 12, 2023, Nigerian President Bola Ahmed Tinubu enacted the Student Loan bill, a law designed to provide students with financial assistance for higher education. The bill heralds the establishment of the Nigeria Education Bank, which will oversee the loan process under the supervision of the Central Bank of Nigeria. However, the law’s implementation timeline remains uncertain, raising several queries about its operation. Eligibility Criteria for the Student Loan To meet the requirements applicants must have successfully secured admission to any state or federal government university, polytechnic institute, college of education, or vocational school. Your income or your family’s income should not exceed N500,000. ...

ASSEMBLY LEADERSHIP: FOCUS ON DEVELOPMENT, NOT DISTRACTION

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The leadership crisis unfolding at the Nasarawa State House of Assembly is at best a needless distraction. It is needless because ordinarily, 24 matured individuals shouldn't have any problem deciding who leads the house. Indeed, there was obviously no any reason for the ensuing commotion than personal vendetta and contest for raw power. This is clear because even months before that fateful day of the house inauguration, every available step has been taken to by critical stakeholders within the ruling All Progressives Congress (APC) to agree on the speakership position. As revealed by His Excellency, Engineer Abdullahi Sule when he appeared as a guest on Arise Television Wednesday night, adequate steps were taken as to who will emerge as the Speaker of the 7th Assembly. It wasn't coercion. It was by mutual consent. Still, a section of the members-elect saw the need to throw the assembly into a rumpus. Borrowing a leaf from the fiasco led by former senate president, Bukola Sarak...