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Tinubu Highlights New Minimum Wage, Student Loans, and Consumer Credit as Reasons to Avoid August Protests
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.
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.
This is in addition to the earlier approval of a N100 billion consumer credit program aimed at easing financial pressures on citizens.
Lagos State Police react to claims of them taking money from dispatch riders on the Coastal Road in Lagos.
It started after a rumour was shared that police arrest and take money from riders as a demand for high bribes, sometimes reaching ₦200,000, and seize motorcycles if not given.
The Police Public Relations Officer, SP Benjamin Hundeyin, then addressed the claims online and stated in his statement that he disagreed that the rumour is true and stated, “The spread of misinformation only causes more harm than good. In this era, we can and must do better.”
It has been announced by the governor of Ogun that Tuesday 3rd of February is a public holiday in order to mark the 50th anniversary of the state creation.
This public holiday declaration was released in a statement by the secretary of the state, Tokunbo Talabi.
He then added that the holiday will provide as a day for the citizens to participate in the activities for the state milestone.
Former Kogi politician, Dino Melaye, faces backlash from the public after he shared a video on social media of him abroad and living well through his luxurious lifestyle.
In the same video, he speaks about Nigeria’s current economy and shares his disappointment.
He wrote, “See country, God help us to build a true nation where our wicked leaders will be in jail and the right people in power. Nigeria must be fixed. YES WE CAN.”
However, many state that what he posted and what he is saying contradict each other, and they accused him of sharing his own records to know if he was a corrupt leader.
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