A day after the announcement of a temporary suspension of the commencement of the programme President Tinubu forwarded a letter to the National Assembly, seeking a repeal and re-enactment of the Act. The Senate has passed the Student Loan (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, otherwise known as the Student Loan Act. This resolution followed the consideration of a report on the Senate Committee on Tertiary Institutions and TETFUND, presented by...
The bill according to Tinubu will generate a new legal framework for the remuneration of judicial officers to improve their welfare. President Bola Ahmed Tinubu has requested the Senate to approve the establishment of a new salary, allowance and official benefit for judicial officers. President Tinubu’s request was contained in a letter read by the President of the Senate, Senator Godswill Akpabio, during Wednesday’s plenary. READ ALSO: Senate backs Tinubu’s charge to army over killing...
Senator Idiat says that about 20 million Nigerian children are out of school which represent 10 percent of the estimated Nigerian population of 200 million people on Nigeria. Senator Adams Oshiomhole (APC, Edo North) has called for an urgent need to tackle issues of out-of-school children in the country as it poses a huge security risk to citizens. Oshiomhole made this remark while contributing to a motion on the “Compelling Need to tackle the Challenge...
Senator Bomai noted that the FCT had proposed N1.15 trillion for the 2024 fiscal year, however, after deliberations from the committee, it recommended N1.28 trillion. The Senate has passed a sum of N1.28 trillion for the Federal Capital Territory, FCT 2024 Statutory Budget. The budget was approved following the presentation of the harmonised report of the joint Senate and House of Representatives Committees on FCT, by Senator Ibrahim Bomai (APC, Yobe South) during Tuesday’s plenary....
Senator Adaramodu says the NYSC trust fund will help graduates acquire skills under the Skill Acquisition and Entrepreneurship Development (SAED) Programmes. The Senate has passed a Bill seeking to establish the National Youth Service Corps (NYSC) Trust Fund. The Bill sponsored by Senator Yemi Adaramodu (APC, Ekiti South), if given assent by President Bola Tinubu will provide a sustainable source of funds for the NYSC, skill acquisition, training and empowerment of Corps members, training and...
The Deputy Governor of CBN Corporate Services, Bala Bello expressed remorse for the lack of oversight provided by the CBN’s previous administration and assured lawmakers that the new administration was making every effort to collect unpaid loans. The Senate has announced that should the current leadership of the Central Bank of Nigeria (CBN) fail to offer necessary explanations, it will invite Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), to explain...
Kyari said that President Bola Ahmed Tinubu’s approved distribution of 42,000 metric tonnes of grains is one of the initiatives being implemented to lessen the effects of the hardships in Nigeria. The Minister of Agriculture and Food Security, Abubakar Kyari has disclosed that the Nigerian government has commenced the distribution of 42,000 metric tonnes of grains in some focal points of the state capitals nationwide. This action according to Kyari was a necessity to cushion...
The Senate observed a minute of silence in honour of those military personnel who were murdered horrifically in Okuama Community of Delta State. Senator Ede Dafinone (APC, Delta Central) has requested the Senate to show some concern in handling the situation of the gruesome murder of the 17 Nigerian Army personnel in Okuama Community, Delta State, as he called for compensation to the families of the deceased soldiers whilst investigations are ongoing. Dafinone made this...
Those confirmed for the AMCON board were Gbenga Alade, Adeshola Lamidi, Lucky Adaghe and Dr Aminu Mukhtar Dan’amu. The Senate has confirmed Gbenga Alade as Managing Director of the Asset Management Company of Nigeria, (AMCON). The Senate also confirmed Adeshola Lamidi, Lucky Adaghe and Dr Aminu Mukhtar Dan’amu as Executive Directors of AMCON. The confirmation of these nominees appointed by President Bola Tinubu followed a report by the Chairman of the Senate Committee on Banking,...
NANS proposed a minimum five-year repayment duration, saying that the two-year post-National Youth Service Corp (NYSC) repayment time frame for the loan is unrealistic. To tackle the limitations hindering easy access to the Students Loan Act, the National Association of Nigerian Students (NANS) has condemned the time frame for the repayment of the loan, tagging it as “unrealistic” because less than 10 per cent of Nigerian graduates get absorbed into the labour force upon completion...
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