The National Association of Nigerian Students (NANS) has called for a reduction in school fees across tertiary institutions in the country to cushion the effects of fuel subsidy removal on students.
"Wahala Ti Wa O" President Tinubu Seeks Senate’s Approval For $800m World Bank Loan
President Bola Ahmed Tinubu has appealed to the Senate to approve a borrowing request of $800 million from the World Bank. Recall that former President Muhammadu Buhari had, towards the tail end of his administration, forwarded same request to the 9th Senate in May. However, the 9th Assembly could not consider the request before its tenure ended in June 11.
In a letter read by Senate President Godswill Akpabio 4during plenary on Thursday, July 13, President Tinubu asked the 10th Senate to approve the borrowing request. He told the lawmakers that the loan would be used to scale up the National Social Safety Net Programme.
The letter reads in part
“Please note that the federal executive council led by President Muhammadu Buhari approved an additional loan facility to the tune of $800 million to be secured from the World Bank for the National Social Safety Net programme. Copy of FEC’s extract attached.
You may also wish to note that the purpose of the facility is to expand coverage of shock responsive safety net support among the poor and vulnerable Nigerians. This will assist them in coping with basic needs.
You may further wish to note that under the conditional cash transfer window of the programme, the federal government of Nigeria will transfer the sum of N8,000 per month to 12 million poor and low income households for a period of six months, with a multiplier effect on about 60 million individuals.
In order to guarantee the credibility of the process, digital transfers will be made directly to beneficiaries’ accounts and mobile wallets.
It is expected that the programme, will stimulate economic activities in the informal sector, and improve nutrition, health, education, and human capital development of beneficiaries’ households.
Given the above, I wish to invite the Senate to kindly grant approval for the additional loan facility of $800 million to be secured from World Bank for the National Social Safety Net Programme.
While hoping that this submission will receive expeditious consideration by the Senate, please accept the assurances of my highest regards.”
“ I Was Sad 6yrs Ago That I had Only One Child Left, But Today I Have Them Both Back” Remi Surutu Counts Her Blessings (Video)
Nollywood actress, Remilekun Oshodi better known as Remi Surutu is counting her blessings despite the death of her daughter, Ayomikun.
“Thank God I Did Not Become A Widow” Portable’s Wife, Zainab Badmus Reacts As He Survives Ghastly Car Accident
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Iyabo Ojo Salutes Odunlade Adekola As He Sets To Take Over Nigerian Cinemas (Video)
Ahead of his movie premiere this month, Nollywood actress, Iyabo Ojo has shown support to Odunlade Adekola.
FRAUD: Senator Solomon Adeola Yayi In Marriage Scandal, Reportedly Buys Multy Million Naira House For Side Chick
Nigerian senator representing Lagos West Senatorial district, Senator Solomon Adeola also known as ‘Yayi’ has been accused of allegedly diverting money
My mother died day after dad was abducted – Daughter
Twenty-nine-year-old launderer, Efe Agbeyiwa, speaks to TEMITOPE ADETUNJI about how her mother died a day after her father was kidnapped and how the situation is affecting the family
You said in a post that your father was kidnapped and you lost your mum as well; how did these happen?
"Please Enough" Guinness World Record Reacts To Sex-a-thon Record Breaker
Remember that a 25-year-old Cameroonian woman named Danny Zara announced a few weeks ago that she would attempt to break the Record by engaging in a 200-hour sex marathon.
Actress Cynthia Okereke Reportedly Dies A Year After Kidnappers Release Her
Veteran Nollywood actress Cynthia Okereke has died, 12 months after suffering in kidnappers den.
Portable Gifts His Artiste, Young Duu Brand New Car To Shades His Ex-signee, Manny Monnie (Video)
Nigerian street singer, Habeeb Okikiola better known as Portable has thrown shade at his ex-signee, Manny Monnie as he buys a brand new car for his new artiste, Young Duu.
HOW CANADIAN GOVERNMENT BUNDLED NIGERIAN EX CONVICTS ELIZABETH OBANLA AND HER HUSBAND BACK TO THEIR COUNTRY FOR SCAMMING AND DEFAMATION
Alex Obanla and his wife Elizabeth Obanla were once a Canadian base couple before they were deported back to Nigeria after been jailed for many years for drugs and scamming activities.
Lazy Nigerian Youth Starts Longest Marathon Crying To Break The World Record (video)
A Nigerian man has set out to break a World Record for the Longest Crying Marathon by any Individual.
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