News
Students Loan: NANS Gives 48hrs Ultimatum To Institutions To Upload Details
By Kayode Sanni-Arewa
The National Association of Nigerian Students has given a 48-hour ultimatum to higher institutions that have not yet uploaded students’ data onto the Nigeria Education Loan Fund board portal.
Lucky Emonefe, President of the National Association of Nigerian Students, stated in a release that they received this information from NELFUND.
He mentioned that NELFUND management had set a deadline of July 12, 2024, for the submission of student data.
““If these institutions fail to provide this information on the NELFUND portal within the next 48 hours, we will be compelled to implement our action plans against them,” he warned.
Emonefe further expressed NANS’ disappointment, noting that it reflects a lack of commitment and urgency among the remaining state higher institutions in Nigeria.
“NELFUND was established to provide interest-free loans to students in need, and it is disheartening to see that some institutions are not leveraging this valuable opportunity for their students
“We urge the management of these institutions to prioritise the uploading of students’ data on the loan board portal before the deadline. Education is a fundamental right, and every student deserves access to financial support to advance their studies.
“NANS will closely monitor the situation and urge all remaining institutions to promptly ensure that all students can benefit from this loan scheme. We will not tolerate any student being denied access to education due to administrative negligence.”
News
Brain Drain, Infrastructure, Resource Allocation Challenges Of Health Sector – Reps
News
Access Bank (UK) Limited to Acquire AfrAsia Bank Limited
News
FEC approves ₦47.9tn 2025 budget
By Kayode Sanni-Arewa
The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.
Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.
This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.
“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.
“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.
“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.
“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.
“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”
During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.
The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]
-
News19 hours ago
Trump picks ex-Democrat Tulsi Gabbard as US Intel Chief
-
News19 hours ago
NNPC Carries Out Leadership Shakeup, Appoints Adedapo Segun As New CFO
-
News19 hours ago
JUST IN: Govt Declares Friday As Public Holiday
-
News18 hours ago
Umahi Frowns At Slow Pace Of Suleja-Minna Road Construction
-
News19 hours ago
Abia Assembly orders Deputy Governor, Emetu to apologise over assault on House member
-
News18 hours ago
NYSC announces date for ‘2024 Batch C’ registration
-
News19 hours ago
NNPC, Dangote Sign GSPA Agreement To Boost Local Production, Revamp Industrial Growth
-
News14 hours ago
Mikel Obi explains how Kai Havertz dishonoured Chelsea fans