Today's Headlines: Tinubu to pay N8,000 to 12 million families; ASUU, ASUP criticize student loan scheme, as school fees rise by 200%
Tinubu to pay N8,000 to 12 million families for six months from World Bank loan
Photo Credit: The Guardian Nigeria)
President Bola Tinubu has said N8,000 will be paid to 12 million Nigerian families for six months to cushion the effects of petrol subsidy removal.
Amid threats by labour unions to down tools over the rising cost of living, Tinubu maintained that the government has plans to address citizen’s needs.
On Thursday, Tinubu wrote to the Senate seeking the approval of the Senate for $8OO million palliative loan from the World Bank.
Tinubu explained that under the conditional cash transfer window of the programme, the federal government of Nigeria will transfer the sum of 8000 a month to 12 million poor and low-income households for a period of six months with a multiplying effect on about 60 million individuals.
Tinubu on Wednesday asked the House of Representatives to amend the 2022 Supplementary Appropriations Act to provide N500 billion to fund palliative measures against the impact of fuel subsidy removal.
Photo Credit: Google
ASUU, ASUP criticize student loan scheme, as school fees rise by 200%
Photo Credit: Vanguard papers)
The Academic Staff Union of Universities (ASUU) and the Academic Staff Union of Polytechnics (ASUP) have kicked against the Student Loan Scheme introduced by President Bola Tinubu to solve the major challenge facing the education sector in the country.
Tinubu signed the Student Loan Act to Law days after his assumption of office and the move has been greeted with reactions.
Former Speaker of the House of Representatives, Rt Hon. Femi Gbajabiamila, delivered a lecture where he posited that the setting up of the student loan scheme was one of the surest ways to solve the problem of funding education in Nigeria.
He followed it up by sponsoring a bill on the matter in the National Assembly that would help indigent students to fund their education which was signed into law by the President.
Flutterwave joins IATA to enable Nigeria, other African countries pay for flights with local currency
Photo Credit: Premium Times)
Flutterwave, Africa’s leading payments company has joined the International Air Transport Association’s (IATA) payment orchestration platform to facilitate travel to sub-Saharan Africa.
With this integration, airlines across the world are able to process payments from customers through cards, bank transfers, mobile money, alternative payment methods and other payment modes available on Flutterwave.
IATA Financial Gateway (IFG) is an omni-channel payment orchestration and management platform fully dedicated to the airline industry and has been designed to allow airlines to receive local payments from local markets through all their distribution channels.
IATA has some 290 international airlines and this partnership enables them to easily expand their operations in Africa while receiving bookings and payments from customers in Africa using local and international payment methods.
LP demands forensic investigation of N300bn, donor funds
Photo Credit: Vanguard papers)
The Labour Party has demanded for a forensic investigation into the expenditure of budgeted disbursements and donor funds received by the Independent National Electoral Commission as well as the N300 billions of Nigerian taxpayers funds used for the 2023 general elections.
Director General of the Obi-Datti Presidential Campaign Council, Otumba Akin Osuntokun, made this demand on behalf of the Labour Party and the council, at a media briefing in Abuja, on Thursday.
He explained that Nigerians deserved to have details of how these funds were disbursed in exchange for arguably the worst election conducted in recent memory.
According to him, it was disheartening to note that spokespersons of the All Progressives Congress and President Bola Tinubu, chose to condemn the report of the European Union Observer Mission on the 2023 General Election and engage in the selective celebration of the 2019 Election reports from the same observer group.
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