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Federal Polytechnic Onueke Bill Passes Second Reading In Senate
Federal Polytechnic Onueke Bill Passes Second Reading In Senate
Senator Kenneth Emeka Eze’s bill to establish the Federal Polytechnic Onueke in Ebonyi State has successfully passed its second reading in the Senate. The proposed institution, set to be located in South Eastern Nigeria, aims to offer full-time courses in information and communications technology (ICT) and applied sciences, among others.....KINDLY READ THE FULL STORY HERE▶
Senator Eze emphasized the potential of the polytechnic to advance human capital development, particularly benefiting the youth in Nigeria and Ebonyi Central. He underscored the importance of education in fostering a prosperous and progressive society, highlighting the role of polytechnics in providing technical education and empowering individuals.
In contributions to the debate, Senator Jimoh Ibrahim praised the commitment to education reflected in the bill, emphasizing the pivotal role of education in addressing poverty. He suggested a broader bill proposing the establishment of polytechnics in each senatorial district to enhance technical education.
Former governor of Abia State, Senator Orji Uzor Kalu, echoed the importance of technical education for youth and commended Senator Eze for his foresight in sponsoring the bill. He urged fellow lawmakers to support the initiative.
Following the debate, the Deputy Senate President, Jibrin Barau, presiding over the session, commended the sponsor and referred the bill to the Senate Committee on Tertiary Education for further scrutiny. The committee is expected to report back to the Committee of the Whole within two weeks.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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