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Tinubu Highlights New Minimum Wage, Student Loans, and Consumer Credit as Reasons to Avoid August Protests

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President Bola Ahmed Tinubu has outlined several key achievements as reasons why Nigerians should reconsider participating in the upcoming August 1-10, 2024, protest against economic hardship.

During a recent meeting with a delegation of Islamic leaders led by Sheikh Bala Lau at the State House, Tinubu highlighted the government’s recent initiatives aimed at improving the lives of Nigerians and addressing their grievances.

Tinubu emphasized the commencement of a new student loan scheme, which he described as a significant step towards supporting education by covering school fees for beneficiaries.

Additionally, he pointed out the recent implementation of a new minimum wage, which has been increased to N70,000, marking a more than 100 percent rise from previous levels.

He also mentioned the introduction of a consumer credit initiative designed to help citizens purchase cars and houses with the option to repay gradually.

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In his address, Tinubu urged protest organizers to avoid disrupting the country, drawing a comparison to the unrest in Sudan.

He assured that his administration is dedicated to overhauling its social welfare programs to ensure they effectively reach vulnerable populations at the grassroots level.

The President stressed that these measures are part of a broader effort to reconnect with local communities and provide financial support to those in need.

The Nigerian National Assembly recently passed the new Minimum Wage Act, following an agreement between Tinubu and Nigerian workers on the N70,000 minimum wage.

Furthermore, the federal government has begun distributing funds from its N35 billion student loan scheme to 110,000 successful applicants.

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This is in addition to the earlier approval of a N100 billion consumer credit program aimed at easing financial pressures on citizens.


 

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FCMB Expands Energy Finance Loan to Help Nigerians Access Clean Energy Solutions

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First City Monument Bank (FCMB) has increased its energy finance loan, now providing up to N30 million for Nigerian households and small businesses to purchase solar panels, batteries, and inverters.

With a repayment term of up to three years, this initiative aims to ease financial pressures and support businesses’ operational needs.

This loan upgrade aligns with FCMB’s commitment to Nigeria’s 2060 net-zero target, offering affordable clean energy solutions as fuel costs rise.

FCMB’s Managing Director, Yemisi Edun, emphasized, “This loan provides accessible funding for clean energy, offsetting higher fuel costs and aiding sustainable growth.”

George Ogbonnaya, Group Head of Business Banking, added, “Our loan makes clean energy affordable, supporting jobs and environmental sustainability.”

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Recognized by the Development Bank of Nigeria for its impact on MSMEs and sustainability, FCMB continues to build a green ecosystem connecting people, capital, and markets across Africa.


 

 

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Essential Tips for Embracing a Healthier Lifestyle: Simple Steps to Boost Your Well-being

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Living a healthy lifestyle doesn’t require drastic changes but rather a series of mindful, consistent choices that can improve both physical and mental well-being. Here are some essential tips for leading a healthier lifestyle:

1. Stay Active Daily

Regular physical activity, even in short bursts, can enhance energy levels, boost mood, and promote cardiovascular health. Aim for at least 30 minutes of moderate exercise, like brisk walking, each day.

 

2. Eat a Balanced Diet

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Incorporate a variety of foods in your diet, focusing on vegetables, lean proteins, whole grains, and healthy fats. Avoid processed foods high in sugar and saturated fats, as they can impact energy levels and health negatively over time.

 

3. Prioritize Hydration

Drinking enough water is essential for bodily functions, digestion, and skin health. Aim to drink at least eight glasses of water daily, and increase intake when exercising or spending time in hot weather.

 

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4. Get Quality Sleep

Good sleep is essential for recovery, immune function, and mental clarity. Set a consistent bedtime routine, reduce screen time before bed, and create a relaxing sleep environment to help ensure you’re getting 7–9 hours each night.

 

 5. Manage Stress Effectively

Chronic stress can affect overall health, so find healthy ways to manage it, like practicing meditation, deep breathing exercises, or spending time outdoors. Setting boundaries and taking breaks can also help keep stress in check.

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6. Stay Connected Socially

Positive relationships and social interactions can benefit mental and emotional health. Make time to connect with family and friends regularly, whether in person or virtually.

 

7. Regular Health Check-ups

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Routine medical check-ups help catch potential health issues early. Stay proactive by scheduling annual check-ups and screenings appropriate for your age and health history.

 

A balanced, mindful approach to these practices can significantly impact your quality of life and longevity. Remember, building a healthier lifestyle is a gradual journey, so embrace each small step forward for a lasting change.


 

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MC Oluomo Elected New National President of NURTW, Calls for Unity Among Members

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Musiliu Akinsanya, known as MC Oluomo, has been elected as the National President of the National Union of Road Transport Workers (NURTW) during the Union’s Quadrennial Delegate Conference on Saturday at the Zonal Secretariat in Osogbo.

Delegates from Lagos, Ogun, Ondo, and Ekiti states participated in the election, where Akinsanya ran unopposed.

The acting National President, Aliyu Issa-Ore, confirmed that the election complied with the Union’s Constitution, which designates the Southwest zone to nominate the national president.

Following his oath of office, Akinsanya called for unity among members and pledged to protect the Union’s interests, stating, “This is our union, and we must be committed to preservig it.”


 

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