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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.
The Chairman of Gboko Local Government Area of Benue State, Torseer Yina, has imposed a dusk-to-dawn curfew in the ancient town.
The curfew takes effect from Thursday, October 8, 2026, following unrest and violent protests in the area.
According to reports, the action was taken to contain the unrest and violent protests by members of BEMOA following the death of one of its members by unknown gunmen.
The protest, which was reportedly hijacked by hoodlums, turned violent after an angry mob burnt two vehicles belonging to the Benue State Civil Protection Guards.
The Gboko council chairman said the curfew takes effect immediately and warned that anyone caught flouting the order or breaching public peace would be decisively dealt with.
Nine people have died in a fatal road crash along the Ijebu-Ode-Benin Expressway in Ogun State.
The crash occurred on Monday at about 4:55pm around the Bethel area along the Ijebu-Ode/Ore axis of the expressway. It involved a white Toyota Hiace commercial bus belonging to Delta Line and a white Sino truck operated by Bill Gas Solution Ltd.
According to the Federal Road Safety Corps (FRSC), all nine people involved in the crash, comprising three males and six females, died in the incident.
The FRSC said the crash occurred while it was raining and the road was wet, with preliminary investigations identifying speed violation as the probable cause.
The FRSC rescue team arrived at the scene shortly after receiving the report, while the bodies of the victims were taken to the General Hospital Morgue in Ijebu-Ode.
The Ogun State Sector Commander, Oludare Ogunjobi, urged motorists, especially commercial drivers, to obey speed limits and exercise extra caution when driving in the rain.
Minister of Education, Dr Tunji Alausa, speaks on the role and importance of teachers in the world to celebrate Teachers’ Day today.
He spoke on technology and its advancement and shared that while it is going well, teachers can never be replaced.
“These tools can help teachers reach learners and tailor instruction, but the judgement, encouragement and human connection of a skilled teacher remain indispensable,” he said.
“Every doctor, engineer, scientist, entrepreneur and public servant has benefited from a teacher and could not have become what they are today without teachers,” the minister said.
“When we honour teachers, we honour the people who make every other profession possible.”
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