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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.
LeBron James, the NBA’s all-time leading scorer and Los Angeles Lakers star, has announced a temporary break from social media.
The 39-year-old made the announcement on X (formerly Twitter) and Instagram after sharing a post by Rich Kleiman, agent to NBA star Kevin Durant, criticizing the media’s focus on negativity.
Kleiman wrote, “With so much hate and negativity in the world today, it confuses me why some of the national sports media still think that the best way to cover sports is through negative takes… I, for one, find it all a waste of breath.” James shared the post, adding a simple comment: “AMEN!!”
In a follow-up post, James confirmed his social media hiatus, writing, “And with that said, I’ll holla at y’all! Getting off social media for the time being. Y’all take care.”
James, known for his strong presence on and off the court, is taking this break amidst ongoing discussions about the role of media in shaping public perceptions of athletes.
Lagos State Governor, Sanwo-Olu presents 3 Trillion Naira as the budget for the proposed Appropriation Bill for 2025 to the house of assembly. The assembly meeting was led by Speaker, Mudashiru Obasa. The budget is themed Budget of Sustainability and will be a blue print for the commitment to Lagosians.
The ceremony was held in the state house, Alausa, Lagos. With this proposed bill the state government is focusing on environment, education, technology, security and public safety.
Former Petroleum Minister Diezani Alison-Madueke has filed a motion to amend her lawsuit challenging the Economic and Financial Crimes Commission’s (EFCC) order for the final forfeiture of her seized assets.
At a Federal High Court hearing in Abuja presided over by Justice Inyang Ekwo, Alison-Madueke’s counsel confirmed filing the amendment motion and serving the EFCC. Notably, no EFCC representatives appeared in court.
The embattled ex-minister also sought an extension of time to contest the EFCC’s public notice regarding the sale of her confiscated properties, claiming she was denied a fair hearing during the forfeiture proceedings.
The EFCC, however, rejected Alison-Madueke’s allegations, maintaining that the forfeiture cases were lawfully adjudicated over time.
Justice Ekwo adjourned the case to February 17, 2025, to consider the motion to amend the originating process.
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