Business
FG to Relaunch Suspended School Feeding Program, Prioritize Education Initiatives – Finance Minister

Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, recently announced plans by the federal government to revive the previously suspended National School Feeding Programme.
This announcement was made during a meeting with the House of Representatives Committee on Alternative Education, which took place on Thursday.
The meeting, as highlighted in a statement by Mohammed Manga, the ministry’s Director of Information and Public Relations, focused on addressing Nigeria’s rising challenge of out-of-school children.
Edun emphasized that the government is fully committed to ensuring that necessary resources are allocated to support and enhance educational initiatives across the nation.
The minister outlined the government’s strategy for boosting access to quality education, particularly through innovative financial programs aimed at resolving the critical issue of millions of children being out of school.
According to him, these initiatives would ensure long-term impact, helping to sustain the country’s educational system while positively affecting the national budget.
Central to Edun’s remarks was the forthcoming relaunch of the ‘Home-Grown School Feeding Program,’ a federal initiative designed to boost school enrollment by providing nutritious meals to children during school hours.
He stressed that providing food to students is not only essential for improving their overall health but also serves as an incentive for children to stay in school.
This, in turn, would help significantly reduce the number of out-of-school children, a pressing issue in Nigeria’s educational landscape.
Furthermore, the minister announced that in addition to the feeding program, the government is exploring other innovative projects such as the “Secretariat for Financing Safe Schools,” aimed at further strengthening Nigeria’s educational system.
These initiatives form part of a broader government effort to make quality education accessible to all Nigerian children, thereby fostering a more promising and prosperous future for the next generation.
It is worth noting that this announcement follows the suspension of several key programs under the National Social Investment Programme Agency (NSIPA) earlier this year.
On January 12, President Bola Tinubu ordered the suspension of all NSIPA-related activities, including the school feeding program, as part of an investigation into alleged mismanagement and irregularities within the agency.
This decision came shortly after the suspension of Halima Shehu, then CEO of NSIPA, on January 2, due to accusations of financial misconduct.
Just days later, on January 8, Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, who oversaw the operations of NSIPA, was also suspended for similar reasons.
The suspension of these programs, which included N-Power, the Conditional Cash Transfer (CCT), the Government Enterprise and Empowerment Programme (GEEP), and the Home-Grown School Feeding Initiative, triggered public concern.
By March 13, the House of Representatives called on the federal government to restart the suspended social investment initiatives, recognizing their importance to Nigeria’s socio-economic stability.
The House further conducted a probe into the school feeding program, arguing that the outright cancellation of such an initiative could exacerbate the country’s challenges with poverty and education access.
Edun’s recent announcement signifies the government’s renewed focus on addressing these challenges and reaffirming its commitment to ensuring that educational programs, like the school feeding initiative, are adequately funded and sustainable in the long run.
According to the minister, this revival aligns with the administration’s vision of creating a better future for Nigerian children by expanding access to quality education and addressing key barriers that have long plagued the nation’s educational sector.
Business
Skype Finally Shuts Down After 22 Years of Connecting People Online

Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.
During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.
In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.
Business
United Bank Of Africa, UBA, Delivers 23% Total Dividend for 2024, CEO Promises More to Come

United Bank of Africa, UBA, pays 171 Billion in total to its shareholders for the 79 percent increase for 2024.
This information was revealed during the 63rd Annual General held on the 25th of April, 2025. The UBA shareholders approved of the 3 naira dividend share, which will com bine with 2 naira interim dividend and will represent a 23 percent total dividend for 2024 in total.
It can be noted that UBA now has the highest Nigerian stocks and the CEO, Oliver Alawuba has assured the shareholders of the dividends that will be paid.”What we can assure our shareholders today is that UBA will continue to pay more dividends.”
Business
Nigerians Cry Out as CBEX Investment Platform Collapses, EFCC Steps In To Investigate

It has been reported that Economic and Financial Crimes Commission (EFCC), prepares to look into the recent crash of the popular investment platform, CBEX.
It can be recalled that investment platform, CBEX, recently crashed and caused worry for many users. The public to social media to lament about the crash of the platform and cries out due to their losses.
Popular Nigerian blogger, Innocent Tino shares that he will partner with EFCC for a joint investigation of the downfall of CBEX. It was also shared that a total of #1.3 trillion funds have been lost due to the crash.
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