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Buy now, pay later: 1.9m Nigerians applied to join consumer credit scheme – MD

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By Francesca Hangeior

The Managing Director and Chief Executive Officer, Nigerian Consumer Credit Corporation, Uzoma Nwagba, has said that over one million Nigerians have submitted applications for the consumer credit scheme three weeks after its takeoff.

The credit scheme is aimed at working citizens to access loans for important purchases.

According to Nwagba, since the unveiling of the first phase in April by President Bola Tinubu, the volume of applications received so far has been overwhelming.

“It has been overwhelming. We didn’t expect the volume of applications or expressions of interest when we put out an EoI just like a week after I was appointed.

“As of today, we have about 1.6 million Nigerians who indicated interest, told us what they do, submitted their income information, and what they need credit for. We didn’t even expect that volume.

“So I think people have been listening to the utterances of the President and are quite expectant of this,” Nwagba said during an interview on Channels Television’s Politics Today on Tuesday.

Speaking on his assignment, six weeks after his appointment, Nwagba said he was prepared to spearhead the current administration’s drive to broaden consumer credit availability for interested working Nigerians.

“It is our job and we are prepared to take a systematic approach to ensure that we continue to go through the demography of Nigeria,” he added.

According to a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, at its launch, the scheme is expected to achieve its mandate through the following,

“Strengthening Nigeria’s credit reporting systems, ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit.

” Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.

“Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.”

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ARISE NEWS MANAGING EDITOR’S DAUGHTER BAGS MASTERS FROM HARVARD UNIVERSITY

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By Kayode Sanni-Arewa

The daughter of Arise News Managing Editor, Christian Ogodo, was among graduands who bagged various degrees from the prestigious Havard University in the United States.

Oghenetega Steffi Eberechukwu Ogodo, was conferred with a masters degree in Urban Planning of the Graduate School of Design of Harvard University on 23rd May, 2024.

Tega was also a Bloemberg Leadership Fellow, who did her industrial training with the Rochester City Council in New York, while her field work had the theme: “People must feed,” postulating that there must be decent and nutritious food even for the downtrodden people in society.

Tega is a graduate of the University of Lagos with a Second Class Honours [Upper Division] from the Faculty of Environmental Sciences, majoring in Urban and Regional Planning.

She is the daughter of Nigeria’s foremost News Anchor on Arise News on WEEKEND NEWSNIGHT, Christian Ogodo, who is the Managing Editor of Arise News Media Group.

She is currently working with an engineering consulting firm in Chicago that specialises in logistics.

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National Anthem: Nigeria switches from fatherland to motherland

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By Francesca Hangeior

The Federal Republic of Nigeria, today, officially reverted to the National Anthem that heralded its independence as a sovereign Nation.

President Bola Tinubu, after he met a joint session of the National Assembly, signed into law, the adoption of the old National Anthem, “Nigeria, We Hail Thee.”

“Nigeria, We Hail Thee” was adopted as Nigeria’s first national anthem on October 1, 1960.

The anthem’s lyrics were written by Lillian Jean Williams, a British expatriate who lived in Nigeria when it achieved independence.

Frances Berda composed the music for “Nigeria, We Hail Thee.”

However, the second national anthem, “Arise, O Compatriots,” was adopted in 1978.

The lyrics of the now jettisoned anthem were a combination of words and phrases taken from five of the best entries in a national contest.

The words were put to music by the Nigerian Police Band under the directorship of Benedict P. Odiase (1934–2013).

The Nigerian national anthem lyrics were created by five people: P. O. Aderibigbe, John A. Ilechukwu, Dr. Sota Omoigui, Eme tim Akpan and B.A. Ogunnaike.

With the return to the old anthem, Nigeria officially switched from a ‘Fatherland’ to a ‘Motherland’.

Hereunder are the Three Stanzas of the old but now new National Anthem:

1. Nigeria we hail thee,
Our own dear native land,
Though tribe and tongue may differ,
In brotherhood we stand,
Nigerians all, and proud to serve
Our sovereign Motherland.

2. Our flag shall be a symbol
That truth and justice reign,
In peace or battle honour’d,
And this we count as gain,
To hand on to our children
A banner without stain.

3. O God of all creation,
Grant this our one request,
Help us to build a nation
Where no man is oppressed,
And so with peace and plenty
Nigeria may be blessed.

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BREAKING! Tinubu extends Abuja free train ride for six months

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President Bola Tinubu has approved the extension of free train rides on the Abuja Rail Mass Transit, also called the Metro Rail, for the next six months until the end of the year.

The FCT Minister, Nyesom Wike, had announced free train rides for two months, to ease the burden of commuting for residents of the FCT.

Tinubu gave the approval during his address at the inauguration of the commencement of operations of the Abuja metro rail in Abuja on Wednesday, May 29.

The president appealed for the extension to offer hope to the people of the FCT and give them reasons to celebrate.

“Our dear landlord and his team, I heard you saying two months free ride. I appeal to you to make it till the end of the year. Since today you’re not going to charge me, that will give the people hope and reasons to celebrate,” Tinubu said.

Details shortly…

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