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FG to Harmonize NELFUND Student Loan Fees

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The Federal Ministry of Education has released the report of the Ministerial Committee on the Nigerian Education Loan Fund (NELFUND). The report outlines new guidelines to standardise the administration of institutional charges and ensure transparency in student loan transactions across universities, polytechnics, and colleges of education.

Announcing the development, the Honourable Minister of Education, Dr. Maruf Alausa CON, said the step reaffirms the Ministry’s commitment to Nigerian students and parents by addressing issues that recently arose with NELFUND.

He explained that after wide-ranging consultations with Vice-Chancellors, Rectors, and key stakeholders, the Committee found no evidence of mismanagement of funds. However, it emphasised the need for a harmonised system that strengthens trust, transparency, and efficiency in the loan administration process.

The Committee made several recommendations. These include the creation of a harmonised fee nomenclature for tertiary institutions, strict timelines for internal verification and disbursement of funds, clear communication with students through multiple channels, and a uniform refund policy.

It also advised NELFUND to engage the Central Bank of Nigeria to ease real-time access to balances domiciled in the Treasury Single Account. In addition, all processes must be evidence based and supported by reliable data.

Under the new framework, guidelines issued by the Ministry will replace individual Memoranda of Understanding previously signed between NELFUND and tertiary institutions.

This will streamline administration, improve operational efficiency, and ensure that no eligible student is denied access to registration or examinations due to funding delays.

Dr. Alausa described the release of these guidelines as another milestone in the implementation of President Bola Ahmed Tinubu’s Renewed Hope Agenda for the education sector.

He praised the President for his unwavering commitment to youth empowerment, access to quality education, and policies that place Nigerian students at the centre of national development.

The Honourable Minister of Education, Dr. Maruf Alausa, and the Honourable Minister of State for Education, Professor Suwaiba Said Ahmad, jointly thanked President Tinubu for prioritising the welfare of Nigerian students through transformative reforms such as the NELFUND guidelines.

“This is another good day for Nigerian students and their families. It is a clear demonstration of President Bola Ahmed Tinubu’s belief in education as the foundation of society and in our youth as the heartbeat of the nation. On behalf of the Ministry and millions of students across the country, we express our deep appreciation to Mr. President for his continued support in expanding access to durable, high quality education for all Nigerians,” the Ministers said.

The Federal Ministry of Education assured the public that it will continue to monitor the implementation of these guidelines to ensure accountability, efficiency, and the full realisation of the NELFUND Student Loan Scheme.

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Imo State New Minimum Wage Approved by Gov Uzodimma

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Imo State Governor, Senator Hope Uzodimma, has approved a new minimum wage of N104,000 for civil servants in the state. The announcement was made on Tuesday night during a meeting with various labour union leaders at the Government House in Owerri.

The governor said the decision was taken in response to the prevailing economic realities in Nigeria and to strengthen the relationship between the government and organised labour.

The new wage package increases the minimum wage from N76,000 to N104,000. In addition, the minimum wage of doctors has been raised from N215,000 to N503,000, while that of teachers in tertiary institutions was increased from N119,000 to N222,000, among others.

Uzodimma stressed the importance of maintaining a cordial relationship with workers in order to achieve sustainable development. “We tried as a government to always keep in mind that there is no way any government will do well if it doesn’t have a friendly and cordial relationship with the organized labor,” he said.

He added that good welfare packages for workers boost productivity, improve family well-being, and contribute to economic growth. “When workers are paid well, productivity rises, families are happier, and the local economy grows. This is our way of investing in Imo people. The government believes in stimulating political and economic activities, carrying bureaucrats along, and making sure that workers’ welfare is highly respected,” the governor stated.

Speaking on the state’s finances, Uzodimma revealed that Imo’s Internally Generated Revenue (IGR) had grown significantly from N400 million to over N3 billion monthly.

He also noted that federal allocations increased from N5 billion to N7 billion in 2020, to the current N14 billion. According to him, the state’s debt profile had also dropped from over N280 billion to less than N100 billion.

The governor recalled that when he assumed office in 2020, major infrastructure in the state had collapsed. He said his administration had invested heavily in rebuilding roads and tackling insecurity. He acknowledged that the removal of fuel subsidy had worsened the cost of living but explained that it came with benefits.

“It’s a thing of joy that we have started seeing the dividends of that bold decision of President Bola Tinubu to remove fuel subsidy. What the government is confronted with now is how to ensure that the dividends of that policy trickle down to the common man on the street,” Uzodimma said.

He further disclosed that the state government would commence payment of the last batch of gratuities amounting to N16 billion owed to pensioners on August 27.

He also highlighted reforms in the health sector, which include the launch of health insurance schemes and the equipping of medical facilities to ensure improved healthcare delivery for Imo citizens.

Uzodimma mentioned that his administration had aligned with the Federal Government’s project of establishing 1,000 businesses in every active INEC ward to promote entrepreneurship and economic development.

The governor urged labour unions to unite and foster strong relations with the state government, while also encouraging workers to add value to their services.

He cautioned against unethical practices and redundancy in the workplace, stressing the need for accountability and commitment among the workforce.

Akwa Ibom Denies N50,000 Monthly Stipend for Unsuccessful Civil Service Applicants

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August 27, 2025 – Akwa Ibom State Government has dismissed claims circulating on social media that Governor Umo Eno, PhD, promised to pay ₦50,000 monthly stipends to applicants who were not successful in the ongoing Civil Service recruitment exercise.

The false reports alleged that the Governor made the statement during the Grand Finale of the TownSquare Meeting and Empowerment for Etinan Federal Constituency, held at Ikot Edibon, Nsit Ubium Local Government Headquarters grounds, on August 23, 2025.

In a statement, the government clarified that the claims are untrue and misleading. According to the release, “We wish to state categorically that the information is false and totally misleading. The facts of the matter are as follows:”

1. Civil Service recruitment process:

a. Every individual who applied for the advertised Civil Service vacancies through the official Employment Portal will be duly shortlisted to take a Computer-Based Test (CBT).
b. Only applicants who successfully pass the CBT will be invited to the next phase of the recruitment process, which is the oral interview.
c. At no stage did His Excellency, the Governor, or indeed the Government of Akwa Ibom State, announce or consider any payment of monthly stipends to unsuccessful applicants.

2. Youth support through the Arise Employment portal

a. As part of the Government’s youth empowerment programme, every youth registered on the Arise Employment Portal is entitled to a one-time ₦50,000 grant, regardless of whether they applied for Civil Service vacancies or for any other job opportunities advertised on the portal.
b. This grant is distinct from the Civil Service recruitment exercise and must not be misconstrued as compensation for unsuccessful candidates.

3. Commitment to transparency and merit

a. His Excellency, the Governor, assures all applicants and the general public that the Civil Service recruitment process will remain fair, transparent, and strictly merit-based. There are no slots allocated to anyone.
b. This is in line with his commitment to transparent, inclusive, and accountable leadership.

The statement further advised the general public to disregard the misleading reports and rely only on official government communication channels for accurate information.

FG to Revive Innoson Tyres with BOI Support for Local Auto Industry

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On August 26, 2025, the Director-General of the National Automotive Design and Development Council (NADDC), Mr. Olu Osanipin Joseph, paid a courtesy visit to the Managing Director and Chief Executive Officer of the Bank of Industry (BOI), Dr. Olasupo Olusi.

The meeting focused on seeking the continued support of the Bank of Industry for stakeholders in Nigeria’s automotive sector. Companies such as Innoson, Nord, Jet, and others involved in Semi-Knocked Down (SKD) and Completely Knocked Down (CKD) vehicle production were at the center of the discussion.

Mr. Osanipin stressed the urgent importance of reviving the Innoson Tyres factory, which has been inactive for a period of time. According to him, the restoration of the facility with the support of the Bank of Industry would strengthen the value chain in the automotive sector and provide a large number of job opportunities for Nigerians.

He explained that reviving local tyre production is key to deepening local content in the industry and reducing overreliance on imports.

While speaking, Mr. Osanipin acknowledged the interventions already made by the Bank of Industry in supporting the automotive sector but called for stronger collaboration.

He noted that deeper cooperation between both government agencies would help accelerate industrial growth, enhance indigenous capacity, and further reduce dependence on foreign components.

In his response, Dr. Olusi assured that the Bank of Industry remains committed to the growth of Nigeria’s automotive industry. He explained that some systemic issues within the banking sector are being addressed and once resolved, the auto industry will receive priority attention.

This engagement between NADDC and BOI highlights the Federal Government’s strategy to strengthen Nigeria’s automotive industry. Both institutions reaffirmed their readiness to work together to ensure the sector becomes globally competitive, delivers affordable vehicles for Nigerians, and generates widespread employment.

NAHCON, Alternative Bank to Launch Digital Hajj Savings Scheme for Pilgrims

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The National Hajj Commission of Nigeria (NAHCON) has announced plans to launch a new digital web site that will allow intending pilgrims to open and manage their Hajj Savings Scheme (HSS) accounts directly from smartphones, tablets, and computers.

The initiative is designed to simplify access to the scheme and expand its coverage across the country.

The development was disclosed during a meeting held yesterday, August 26, 2025, at NAHCON’s headquarters in Abuja. Officials of the Hajj Savings Scheme met with a delegation from the Alternative Bank to discuss progress on the digital platform.

The session, which took place in the commission’s conference hall, was led by Head of the Hajj Savings Scheme, Barrister Abdulmumin Aliyu, and Information Technology expert from the Alternative Bank, Ms. Rabiat Akinwale, alongside senior staff of both organizations.

In his remarks, Barrister Aliyu described the move as a major step in modernizing the Hajj planning process. He explained that the digital platform would make it easier for prospective pilgrims to save for their spiritual journey.

“The web site will give intending pilgrims full control over their savings accounts whether on their smartphones or other devices and also integrate services at the Alternative Bank’s branches nationwide,” he stated.

He further highlighted that the platform would provide real time information, remove the burden of paperwork, and reduce delays in managing accounts. According to him, once an applicant created a profile with Bank Verification Number (BVN), National Identification Number (NIN), phone number, and email address, the process would become seamless.

Ms. Akinwale assured the commission of the bank’s commitment to building a secure and user friendly web site for the scheme.

She emphasized that the digital system would maintain strong security measures and transparency. “Our goal is to ensure that pilgrims can open and monitor their HSS accounts anytime, anywhere, while maintaining the highest security and transparency standards,” she said.

The meeting ended with both sides agreeing to accelerate work on the project to ensure that the web site becomes operational soon.

The collaboration aims to provide intending pilgrims with a more convenient way to save and prepare financially for Hajj through a modern digital banking solution.

Imo State to partner Glo on digital economy and fibre connectivity

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Governor Hope Uzodimma of Imo State has announced plans for collaboration with Globacom to boost the state’s digital economy. He made this known after receiving a team from Globacom’s Enterprise Business Group, led by the Group Lead, Mr. Adeniyi Odejobi, during a courtesy visit at the Government House, Owerri.

According to Governor Uzodimma, the discussions centered on advancing Imo State’s digital economic agenda in partnership with the telecommunications giant. “Mr. Odejobi expressed Globacom’s readiness to collaborate with the State in advancing our digital economic agenda, a gesture I warmly welcomed,” the Governor stated.

He highlighted the importance of Globacom as a Nigerian brand that has consistently contributed to connectivity and digital growth nationwide. “I conveyed our delight at the prospect of doing business with Globacom, a proudly Nigerian company that has remained a strong ambassador of our nation in the telecommunications space,” Uzodimma said.

While commending the efforts of Globacom in expanding connectivity, the Governor stressed the need for improved fibre connectivity to support the planned digital city project in Imo State. He further used the occasion to acknowledge the company’s founder.

“I used the opportunity to appreciate the Chairman of Globacom Ltd., Dr. Mike Adenuga Jnr, for his invaluable contributions to Nigeria and the broader economy,” he added.

FG to Introduce Paid Automotive Training for Entrepreneurs

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The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin, on 26th August 2025, paid a courtesy visit to the Chief Executive Officer and Chief Business Officer of Simba Group, Mr. Lavender Gupta.

During the visit, Mr. Osanipin commended Simba Group for its continuous support to NADDC and the Nigerian automotive sector. He acknowledged the company’s sponsorship and delivery of three successful training programs in Ekiti, Kano, and Lagos, which he said have significantly contributed to capacity development in the industry.

He stressed that Simba’s strong brand presence in Nigeria has created avenues for customer engagement, while the training sessions have provided valuable feedback channels between the company and its end users. According to him, such initiatives are vital for strengthening local automotive growth and sustaining the industry’s long-term competitiveness.

In his remarks, Mr. Gupta reiterated Simba Group’s commitment to strengthening its partnership with NADDC and the wider automotive ecosystem.

He expressed satisfaction with the training outcomes but recommended that future programs should be structured into three categories: basic, advanced, and superior training to meet the diverse needs of participants.

He explained that entrepreneurs and shop owners should receive specialized training tailored to their business needs instead of being grouped with mechanics and employees.

He added that partners and aspiring business owners must be equipped with both technical knowledge and business development skills to enable them to sell vehicles, grow enterprises, and achieve greater independence.

Mr. Gupta further emphasized that skilled technicians and mechanics should continue to receive advanced hands-on technical training to enhance expertise and service delivery across the sector.

Highlighting the importance of attaching value to training, he suggested that a token fee be introduced for participants. “When people pay, they tend to value the experience more, which would further elevate the professionalism and impact of the sessions,” he said.

The visit concluded with a guided tour of the Simba Group facility. Both parties reaffirmed their shared commitment to skill development, local capacity building, and sustainable growth of Nigeria’s automotive industry.

They also agreed to explore further innovations in training models aimed at empowering Nigerians, supporting entrepreneurship, and contributing to the Federal Government’s industrial development agenda.

Benue State to Shut Down Substandard Schools, Collect Revenue

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The Benue State Internal Revenue Service (BIRS) has pledged to deepen its collaboration with the Benue State Education Quality Assurance Agency (BEQA) in order to boost revenue generation and enforce quality standards in the education sector.

This was made known during a strategic engagement meeting held on Tuesday, August 26, 2025, at the BIRS Headquarters in Makurdi, where the management of BEQA met with the Chairman of BIRS.

In his remarks, the Director-General of BEQA, Dr. Terna Francis, congratulated the BIRS Chairman, Hon. Joseph Kwaghgba, on his recent appointment. He explained that BEQA has a mandate to ensure quality assurance across both private and public schools below the tertiary level in Benue State. Dr. Francis recalled that earlier joint enforcement operations in Zones A and B had yielded significant revenue for the government.

He emphasized the importance of extending the exercise to Zone C as schools prepare to resume in September 2025, adding that this would improve compliance and strengthen the education system.

Responding, the BIRS Chairman, Hon. Joseph Kwaghgba, assured that his administration is committed to the partnership. He disclosed that a joint taskforce will be constituted immediately to carry out enforcement operations across the state.

According to him, the collaboration would focus not only on revenue defaulters but also on identifying and shutting down substandard schools operating outside approved regulatory frameworks.

He noted that effective tax compliance and quality education standards remain vital for sustainable development in Benue State.

Adamawa Plans Partnership on Youth Skills and Retiree Empowerment

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Adamawa State University (ADSU) Mubi and the Poverty Alleviation and Wealth Creation Agency (PAWECA) are set to partner on a new initiative aimed at youth empowerment and entrepreneurship in Adamawa State. The plan will focus on practical training and funding support to reduce unemployment and curb youth restiveness.

The Vice Chancellor of ADSU, Prof. Augustine Clement, led a management team on a courtesy visit to the Director General of PAWECA, Dr. Michael Zira. Both leaders discussed how the institutions could combine resources to promote entrepreneurship and self-reliance.

Prof. Clement said, “The university is excited about PAWECA’s programs, especially the Technical Skills Training Centres, which equip young people with relevant skills for livelihood.”

He revealed that ADSU would assign its technical staff to collaborate with PAWECA in preparing and signing a Memorandum of Understanding (MoU). This agreement will enable students to gain hands-on experience, share ideas, and move away from depending solely on government jobs.

Dr. Michael Zira noted that PAWECA is also preparing a program for retirees, called “From Retirement to Wealth.” The initiative will provide income opportunities and security for people leaving active service.

According to him, “We want to create a clear policy direction for retirees to remain active and financially secure, and we hope the university will play a role in shaping this plan.”

The partnership between ADSU and PAWECA is seen as a strategic investment in skills development and financial empowerment. By focusing on entrepreneurship training and technical programs, both institutions aim to support young people and retirees alike.

FG N50,000 Presidential Grant phase two to begin with 1m beneficiaries

August 27, 2025 – Circulating reports suggest that the ₦50,000 Presidential Loan and Grant Phase Two is about to begin, with another set of one million beneficiaries expected to benefit across Nigeria.

Social media posts claim that the second phase of the Presidential Conditional Grant Scheme, PCGS, will provide financial support to Nano businesses under the Presidential Palliative Program.

According to the unofficial information, the PCGS is different from the Conditional Grant Scheme, CGS, which runs under the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN. Both initiatives provide the same ₦50,000 grant with similar eligibility requirements.

The first phase of the program took place on March 9, 2024. It was implemented by the Federal Ministry of Industry, Trade and Investment, with the Bank of Industry (BOI) serving as the Executing Agency.

Reports indicate that the scheme will again be designed to offer financial grants without repayment obligations to eligible small business owners in different sectors such as trading, food services, ICT, transportation, creatives, and artisans.

The PCGS is structured to support 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% goes to other groups.

If confirmed, the new phase will see each beneficiary receive ₦50,000 paid directly into their bank account. The program is expected to reach one million small businesses across the 774 local government areas and the six council areas in the Federal Capital Territory.

Beneficiaries will be selected after verification processes that require their National Identification Number, NIN, and Bank Verification Number, BVN. Applicants must also meet set conditions, including owning a small business with growth potential, willingness to expand, and readiness to employ at least one additional staff when necessary. They will also provide proof of residence or business address, alongside their personal and banking details.

Circulating reports say, “This rumored phase two of the Presidential Conditional Grant Scheme is expected to make a real impact on small businesses and their communities.”

Many are closely following developments as expectations rise among entrepreneurs and traders in different parts of the country.

When phase two launches, interested applicants will be able to apply online through the official https://grant.fedgrantandloan.gov.ng, just as was done during the first phase.

In the meantime, small business owners are urged to remain calm and only trust official announcement from the FG, either BOI or SMEDAN.