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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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‘Kwankwaso Is More Experienced Than Peter Obi’ – Buhari’s Ex-Aide Declares.

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Ahmad made the assertion in a post on his X handle, maintaining that Kwankwaso’s decision to accept the position of running mate should be seen as an act of political modesty rather than an indication that he is less qualified than Obi.....KINDLY READ THE FULL STORY HERE▶

According to the former presidential aide, the relationship between the two politicians should be viewed as one of equals rather than that of a superior and a subordinate.

“To be entirely candid, the political dynamic between Rabiu Kwankwaso and Peter Obi ought to be characterised as one of collegiality between peers, rather than a hierarchy of principal and subordinate,” he wrote.

He added, “The choice to assume a deputy role beneath Obi ought to be interpreted as a testament to political modesty.”

Making a case for Kwankwaso’s political experience, Ahmad recalled that the former Kano State governor served as Deputy Speaker of the House of Representatives before Obi became a prominent figure in national politics.

He also noted that Kwankwaso governed Kano State, which he described as Nigeria’s most populous and politically influential state, for two terms and served as a federal minister.

“If we are assessing political experience, Sen. Kwankwaso probably has a longer and more impressive political background than Peter Obi,” Ahmad stated.

In contrast, the former presidential aide argued that Obi’s major public office experience was limited to his tenure as governor of Anambra State.

“Unlike other candidates, Peter Obi was just a former governor of Anambra State,” he wrote.

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‘I Have Stopped Impregnating Women’ – 2Baba Makes Shocking Revelation.

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Nigerian music star Innocent Idibia, popularly known as 2Baba, has declared that he no longer impregnates women.....KINDLY READ THE FULL STORY HERE▶

The singer made the statement on Saturday during a live performance at Rehab Lounge in Calgary, Canada.

While performing his hit song True Love, 2Baba paused to interact with the audience and playfully asked the women present to identify where his true love was.

He jokingly wondered whether she was standing at the back of the venue or somewhere in front of him before making a remark about his experiences with women.

The award-winning musician told the audience that he had stopped getting women pregnant, adding that he had been making the same confession wherever he performed recently.

He said, “For the purpose of this show, I will pretend like I’ve never seen anything before. Where’s my true love? Is she back there? Is she right here? Is she somewhere here? Where’s my true love? You people shouldn’t put out me for trouble.

“As I said, some ladies they fear to shout. See, everywhere I go these days, I make this confession. As I say, some ladies they fear to shout. I say, I don’t fear to shout. Because I don’t stop to dey give woman belle. Ask anyone, they’ll tell you, I don’t do such thing things again.”

The singer’s comment comes amid public interest in his personal life and relationships.

2Baba was previously married to Nollywood actress Annie Macaulay-Idibia. The couple announced their separation in January 2025 after having two children together.

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NPFL Cracks Down! Abia Warriors, Katsina United, Warri Wolves Hit With Sanctions.

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Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.....KINDLY READ THE FULL STORY HERE▶

Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.

The Umuahia-based club was also found guilty of an attempt by one of its officials to disrupt the live broadcast of the match by harassing a crew member of the league’s broadcast partner.

As part of the disciplinary measures, Abia Warriors’ multimedia officer, Chidera Favour Igwe, has been suspended from all NPFL match activities for five matches.

Katsina United, meanwhile, were fined ₦2 million for failing to provide adequate and effective security during their home fixture against Plateau United.

The club was also sanctioned for allowing supporters to encroach onto the field of play during the encounter.

Warri Wolves Receive Heaviest Punishment

Warri Wolves have been handed the most severe sanctions following the unruly behaviour of their supporters during Sunday’s Matchday 10 clash against Kano Pillars in Ozoro.

The Seasiders were fined ₦4.2 million and docked three points and three goals from their accumulated tally. The club was also ordered to play its next three home matches behind closed doors.

According to the NPFL, Warri Wolves failed to provide adequate security at the stadium, resulting in an assault on match officials after the final whistle.

The league further disclosed that the second assistant referee sustained a nose injury and was left bleeding during the incident.

The NPFL stated that all three clubs have 48 hours from the date of notification to appeal their respective sanctions in accordance with the league’s disciplinary procedures.

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