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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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‘He Was a Giant’ — President Tinubu Mourns Veteran Actor Olu Jacobs

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President Bola Ahmed Tinubu has paid tribute to late Nigerian actor Olu Jacobs, recalling his contributions to the creative industry and his impact on Nigeria’s cultural identity.

In his tribute, Tinubu described Jacobs as a giant of the Nigerian creative industry and said “He was a giant of the Nigerian creative industry. His passing is a great loss to Nigeria, the African film industry and the global community of lovers of the performing arts. His remarkable body of work will continue to speak to generations yet unborn.

“The nation recognises the enormous contributions of Nigeria’s creative practitioners to the country’s cultural identity, global image and economic development. Olu Jacobs played a big role in creating this identity.”


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Deji Adeyanju Demands Action From Tinubu Over Counterfeit Products

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Human rights lawyer and activist Deji Adeyanju has called on President Bola Ahmed Tinubu to declare a state of emergency over the proliferation of counterfeit and substandard drugs and consumer products in Nigeria.

Adeyanju also called for the removal of the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye, as well as the heads of other regulatory agencies, including the Standards Organisation of Nigeria (SON).

“Nigerians are being exposed to dangerous products daily, from fake and substandard medicines to unsafe consumer goods, with reports of drugs being sold wholesale in the open under the hot sun. No responsible government should expose its citizens to such risks and expect mortality rates not to rise.”

Adeyanju also called out NAFDAC over what he described as failures in regulating the circulation of counterfeit and substandard products in the country.

It can be noted that various counterfeit products continue to circulate in Nigerian markets, while NAFDAC has also reported seizures and destruction of counterfeit, expired and substandard products.

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‘Two Hours on the Road’ — Lagosians Groan Over Kara Bridge Traffic

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Lagosians have lamented heavy traffic caused by ongoing construction work at Kara Bridge along the Lagos-Ibadan Expressway.

The Federal Government announced that repairs on the damaged expansion joints at Kara Bridge would begin on September 8, 2026. The project, initially scheduled to begin in August, was delayed to allow further traffic management planning due to concerns over its impact on motorists.

Since work began, traffic around the Kara area has become heavy, with Lagosians sharing updates on social media about spending two hours or more on the road.

Some commuters say the delays have made their 9-to-5 routines difficult, with several hours spent travelling to and from work.


 

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