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President Tinubu Launches Revamped Student Loan Scheme with ₦35 Billion Allocation

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In a significant development, Bola Tinubu has launched a revamped Student Loan Scheme at Aso Rock, the heart of the nation’s capital.

The Federal Government recently introduced changes to the scheme, officially marking its launch.

During a ceremony in Abuja, President Tinubu is currently leading a presidential committee tasked with overseeing the scheme’s implementation.

This follows the President’s allocation of ₦35 billion to kickstart the initiative, aimed at benefiting an initial group of 70,000 students through the Nigerian Education Loan Fund (NELFund).

Jim Ovia, heading the Governing Board of NELFund, has already authorized the disbursement of loans to eligible candidates under Tinubu’s direction, during the board’s inaugural session in Abuja last month.

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At the ongoing inauguration event at the Presidential Villa, Tinubu is expected to outline the team’s objectives to ensure the scheme aligns with its intended goals.

Further updates will follow as the implementation progresses.


 

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“You Can Still Have Subsidy Without Long Queues” — Rufai Oseni Speaks On Subsidy

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TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.

“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.

“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.


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Sanwo-Olu Speaks on Lagos’ Power Challenges and the Need for Change

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Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.

He speaks on ways things can change in the state and how electricity can be provided.

“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”

“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.

“We take two steps forward, we go five steps backward,” he said.

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Sanwo-Olu Declares August 20 Public Holiday in Lagos for Isese Festival

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Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.

Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.

He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.


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