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FUOYE disowns cut off marks on social media
By Kayode Sanni-Arewa
Management of Nigeria’s fastest-growing university, Federal University Oye Ekiti (FUOYE), Ekiti State, has debunked cut off mark for the 2024/2025 UTME trending online, describing it as not only fake but the handiwork of fraudsters.
This, it said didn’t emanate from the university as management was yet to determine this year’s cut off mark for its programmes, asking candidates and the public to ignore the cut off mark already going viral online.
Besides, the university warned unscrupulous members of staff of the university working in tandem with the fraudsters to desist from such ignoble act or face the wrath of the law.
The fake cut off mark which was created to defraud candidates and the members of the public, has gone viral.
However, in a statement, the university’s Public Relations Officer (PRO), Mr. Foluso Ogunmodede said “the attention of management of FUOYE has been drawn to a fake announcement that the university has fixed cut off mark for all its programmes for the 2024/2025 UTME screening exercise. The university is yet to determine cut off mark for this year’s screening exercise.
“Members of the public especially candidates seeking admission into FUOYE for the 2024/2025 session should ignore the online cut off mark as the university has not determined cut off mark for its programmes.
“We urge the public to ignore these antics of fraudsters and their cohorts because it didn’t emanate from the university.
“FUOYE is yet to release the cut off mark for the 2024/2025 UTME.
“When it’s ready, it would be officially announced through appropriate channels.
“We also ask members of staff of the university working hand-in-hand with the fraudsters to desist or face disciplinary action should they be caught.”
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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]
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