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FEC insists Student Loan will launch as scheduled in January

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…As Tinubu approves N9.6bn insurance plan for workers

The Federal Executive Council (FEC) has insisted on Wednesday that the plans are in full gear to launch Students loans in the country.

Recall that the Federal Government in 2023 has disclosed that the Student loans will be available from January 2024.

However, many Nigerians have started to lose faith regarding it as a promise that will not see the light of day.

With the assurance given yesterday by the FG, one can only assume that Nigerians have received the confidence they need to trust the present administration to steward the implementation of the promise.

Speaking after the FEC meeting yesterday, Minister of State for Education, Dr Yusuf Sununu said that the January date for the take-off of the student loan was still in place, adding that a website had already been working for interested students with requisite criteria.

He pointed out that the government had made funding provision for it in the 2024 budget.

Sununu also disclosed that the council approved the setting up of foreign institution campuses in the country to increase enrollment of Nigerians and encourage research among higher institutes worldwide.

He said that a guideline has been provided to ensure quality of training of the local campuses are standardised with the parent institution abroad.

He added that the policy would also save the nation from scarce foreign exchange taken abroad instead of being used for national development.

Also, President Bola Tinubu approved the payment of renewal fees for the Group Life Assurance for federal government workers.

Minister of Information and National Orientation, Alhaji Mohammed Idris speaking with journalists said that this was a sequel to a memo brought by the Head of the Civil Service of the Federation, Dr Folasade Yemi-Esan to the council.

He said the President approved about N9.6 billion for 12 local insurance firms to cover the Federal workers in case of unforeseen eventualities in the course of their duties.

“There are about12 insurance companies involved. It’s a normal annual cover that insurance companies give workers. So, in the event of death or severe injury, they can resort to and so that their families would not have to suffer,” he said.

Idris said that the approval was part of the administration’s determination to accord all its workers the needed reward that would improve efficiency, productivity and service delivery to Nigerians.

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Reps disown trending draft bill seeking return to regional govt

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The House of Representatives has disowned a trending draft ‘bill’ for discussion, seeking a return to the regional system of government.

Titled, “A Bill for an Act to substitute the annexure to Decree 24 of 1999 with a new governance model for the Federal Republic of Nigeria,” the draft seeks among others, a new extant laws to be cited as “The Constitution of the Federal Republic of Nigeria New Governance Model for Nigeria Act 2024.”

The document, which has been trending on social media, is said to have been drafted by one Dr Akin Fapohunda, who is neither a lawmaker in the Senate or the House of Representatives; an indication that the said draft legislation is a private bill.

Dismissing the draft bill in a telephone conversation with our correspondent, House spokesman,  Akin Rotimi, said, “The Committees on Rules and Business and Constitution Review have confirmed that there is no such bill before them.”

Similarly, the Chairman, House Committee on Rules and Business, Francis Waive, told PUNCH Online that the said bill is not before the committee.

He said, “There are two routes to making presentations for constitutional amendments. One is by members proposing an amendment bill during the plenary. The second is by memoranda from individuals and groups to the Constitution Review Committee

“Please, note that memoranda submitted should eventually come by way of bills sponsored by a member of the committee.
On this specific memo (draft bill) under reference, I doubt if it has come before the Rules and Business Committee for listing. I speak as chairman of the committee.”

Meanwhile, the man behind the bill spoke with our correspondent exclusively on the matter on Friday.

Fapohunda told our correspondent that he retired from the public service as a director in the Presidency.

“I have a PhD. in Agricultural Science, but I am into Information and Communication Technology. I have been involved in constitution drafting for years,” he said.

Fapohunda gave a reason for coming up with the draft bill, saying, “The President, this week returned us to the old national anthem. At independence, Nigeria embraced a regional system of government. So, I felt we could also revisit the past and return to regionalism.

‘I have done a preliminary draft for Nigerians to ponder over. Next week, I will be seeing my representative in the House of Representatives. We hope that senators and House members can embrace this modest proposal for a change.

“If this is acceptable, we can then sit down and do a proper drafting of the bill.”

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[BREAKING]: Labour declares indefinite strike

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Members of the organised labour, on Friday, declared a nationwide indefinite strike over the Federal Government’s refusal to raise the proposed minimum wage from N60,000.

The President of the Nigeria Labour Congress, Joe Ajaero, disclosed this at an ongoing press conference in Labour House, Abuja.

Ajaero said the strike would begin by midnight on Sunday, June 2, 2024.

Details shortly…

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FG student loan: Over 60,000 have applied — NELFUND

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The Nigerian Education Loan Fund (NELFUND) has disclosed that it has received over 60,000 applications from students of Federal Government institutions since it launched the students loan application portal.

However, NELFUND revealed that 30,000 applications have been successfully processed.

NELFUND also said so far, 90 percent of federal universities have submitted their students’ data to its dashboard, adding that 10 percent of federal institutions were yet to submit theirs.

Besides, the students loan agency declared that its portal for submission of data from state owned tertiary education begins in three weeks time.

To this end, it appealed to state institutions to begin submission of data of their students for onward processing.

Details later…

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