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FG Launches Student Loan Fund And Consumer Credit Schemes To Empower Nigerians

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The Federal Government has outlined how it is utilizing the funds saved from the removal of fuel subsidies, directing them into critical projects and reforms aligned with President Bola Tinubu’s Renewed Hope Agenda.....KINDLY READ THE FULL STORY HERE▶

Mohammed Idris, the Minister of Information and National Orientation, shared the details at the 2024 Annual Conference of the International Press Institute in Abuja.

Idris explained that these funds are being used for a range of initiatives, including student loans, infrastructure development, agricultural production, digital projects, and social investments aimed at supporting citizens and promoting sustainable growth.

Energy Transition and Job Creation

A major initiative, according to Idris, is Nigeria’s transition from fossil fuels to Compressed Natural Gas (CNG) for vehicles and machinery. This energy shift is expected to reduce transportation costs by up to 60%, while creating new employment opportunities and attracting both local and foreign investments.

He stated, “President Tinubu is leading Nigeria into an energy transition, with CNG now being promoted as an alternative fuel. This is not only reducing transportation costs but also generating millions of dollars in investments.”

Education Reform and Student Loans

Another key area of focus is education. The government introduced the Student Loan (Access to Higher Education) Act 2024, establishing the Nigerian Education Loan Fund (NELFUND) to help students access affordable higher education. The government has allocated N110 billion for tuition fees for 120,000 students at public tertiary institutions.

Consumer Credit and Economic Empowerment

The government has also launched a consumer credit scheme aimed at making locally-produced goods more accessible to Nigerians on credit. Civil servants are the first beneficiaries, with 500,000 set to gain access to this initiative. Additionally, the establishment of a Consumer Credit Corporation will provide flexible, low-cost loans to Nigerians.

Idris remarked, “The President is focused on increasing the financial well-being of Nigerians and ensuring long-term prosperity.”

Economic Reform and Tax Restructuring

Idris emphasized that subsidy removal is part of broader economic reforms aimed at reducing inefficiencies and diversifying the economy. The government is also working on simplifying the tax system to encourage compliance, with new tax exemptions aimed at benefiting vulnerable groups.

Media Freedom and Civic Space Protection

On media freedom, Idris reiterated the government’s commitment to a free press, acknowledging the challenges but highlighting the continued openness in Nigeria’s media landscape. He stressed that the press must exercise its freedom responsibly, balancing rights with duties.

Judicial Reforms and Accountability

Lastly, Idris spoke on judicial reforms, which aim to strengthen fundamental rights and ensure fairness in Nigeria’s legal system. He called on the media to foster healthy debates and ensure public officials are held accountable while respecting democratic principles.

For More InformatioFn And News Update, Join Nivonews Whatsapp Channel With Link Below: httForps://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32ber 2 that the VAT sharing model inFor advertisement inquiries only, kindly send a mFor essage to 0901064981For 4 on WhatsAppn Decem the proposed reforms would unfairly benefit Lagos and Rivers states

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Niger Governor, Bago Announces 2027 Running Mate.

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Niger State Governor, Umaru Mohammed Bago, has officially confirmed that his current deputy, Yakubu Garba, will remain his running mate for the 2027 gubernatorial election. During an announcement at the Government House in Minna, Governor Bago noted that Garba’s name will be submitted to the Independent National Electoral Commission (INEC) in accordance with constitutional requirements. Addressing recent speculation, the Governor reaffirmed his partnership with Garba, stating, “I have called you to come and witness that my Deputy, Yakubu Garba, is still my running mate in 2027.”....KINDLY READ THE FULL STORY HERE▶

In separate developments, police in Niger State have arrested 38-year-old Hamisu Abdullahi for allegedly attempting to disrupt a public event. Abdullahi was taken into custody during the Governor’s visit to the Emir of Suleja after he reportedly shouted slogans regarding utility shortages. According to police spokesperson SP Wasiu Abiodun, the suspect has been transferred to the State Criminal Investigation Department in Minna on charges related to suspected thuggery and the obstruction of government activities.

Option 2: Concise Summary

Governor Umaru Mohammed Bago of Niger State has reaffirmed his commitment to his deputy, Yakubu Garba, naming him as his running mate for the 2027 election. The Governor stated that this decision fulfills legal requirements for the upcoming INEC nomination process.

Meanwhile, authorities have apprehended Hamisu Abdullahi, 38, following a disturbance during the Governor’s visit to the Emir of Suleja. Abdullahi, who reportedly shouted “no water, no light,” is currently under investigation by the State Criminal Investigation Department for suspected thuggery and attempting to disrupt official government proceedings.

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Tinubu: Ex-Minister Sirika Insists Buhari Did Extremely Well On The Economy

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Former Minister of Aviation, Hadi Sirika, has rejected claims that the late former President Muhammadu Buhari’s policies caused the current economic hardship in Nigeria. During an interview on Arise Television, Sirika asserted that Nigeria’s economy and education sector were in a “good state” and “flourishing” under Buhari’s leadership.....KINDLY READ THE FULL STORY HERE▶

  • Sirika maintained that Buhari “did extremely well” in managing the economy.

  • He argued that it would be unfair to draw comparisons between the state of the country under Buhari and the current administration led by President Bola Tinubu.

  • While expressing his belief that the nation was better off previously, Sirika stated he would not be drawn into debating the causes of current hardships.

  • He declined to criticize the policies or decisions of either the past or current presidents, noting that he is not in a position to fully com

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“FIFA’s Radical 2030 Vision: Massive 64-Team World Cup Expansion On The Table!”.

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FIFA President Gianni Infantino has revealed that the governing body is exploring the possibility of expanding the 2030 World Cup to include 64 teams. This potential shift follows the recent expansion from 32 to 48 teams for the 2026 tournament, which increased the match count to 104. Infantino advocates for this change to provide smaller footballing nations with greater opportunities to qualify, arguing that increased representation motivates countries to invest in their local leagues, academies, and national programs. While the proposal remains subject to approval by FIFA’s decision-making bodies, it aims to narrow the competitive gap between traditional powerhouses and emerging teams. The 2030 event, which commemorates the tournament’s centenary, is already unique for being hosted by six countries across three continents: Uruguay, Argentina, Paraguay, Morocco, Portugal, and Spain.....KINDLY READ THE FULL STORY HERE▶

FIFA is considering a massive shake-up for the 2030 World Cup, with President Gianni Infantino hinting at a potential expansion to 64 teams. Building on the success of the 48-team format introduced for 2026, Infantino believes that giving more countries a seat at the table is essential for the global development of the sport. He noted that under the current expanded format, teams from all continents have proven their competitiveness, suggesting that the divide between established nations and newcomers is shrinking. If approved, this 64-team structure would be implemented for a historic tournament already set to span three continents and six host nations to celebrate the competition’s 100th anniversary. FIFA is currently evaluating the logistical and financial implications of such an expansion before making a final decision.

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