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

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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.

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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.

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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.

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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.

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Dangote Refinery Cuts Petrol Price from N970 to N899.50 for the Festive Season

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Dangote Refinery has announced a fresh reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.

The company, which is one of Nigeria’s leading oil producers, announced in a statement shared by its spokesperson, Anthony Chiejina, on its official X account on Thursday.

Effective immediately, Dangote Refinery has lowered the ex-depot price of petrol to N899.50 per litre, down from the previous rate of N970.

In his statement, Chiejina mentioned the company’s commitment to helping alleviate the financial burden on consumers during the holidays.

“We have now announced a new price of N899.50 per litre.

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This reduction is designed to ease transport costs during the festive period,” he said.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS.

From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.”

In addition to the price reduction, Dangote Refinery has introduced a new incentive to make fuel more accessible for consumers.

Chiejina explained that for every litre of petrol purchased on a cash basis, buyers will have the opportunity to acquire an additional litre on credit.

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This offer is backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank, providing customers with more flexible payment options.


 

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Price of Beans in Nigeria Drops to ₦100K-₦120K, Traders Show Excitement

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Price of beans drops and news excites traders and consumers. Residents as well express joy with price drop amid the upcoming Christmas holiday. According to a report, the price of beans has sustained a slight drop as 100kg bag of beans is sold for 150k Naira to 140k.

The price of a bag has now dropped to 100k to 120k, depending on the type of beans. It was reported that the price of beans has been dropping for the past two weeks unlike the past months.


 

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Nigeria Reclaims Top Spot as Africa’s Leading Oil Producer in 2024

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Nigeria’s Oil Production increased in November 2024 and has reached 1.69 Million per day going 10% increase compared to that of October production.

This now secures Nigeria’s oil production as the top in the Africa Oil Production.

The crude oil production rose with 11.42% but the condensation production reduced. Despite the great progress of the production, Nigeria’s oil production still has not reached their 2024 goal of 1.78mbpd.


 

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