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Naira redesign will not hinder APC victory – Lawmaker

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A federal lawmaker, Mr Babajimi Benson, has said that the Central Bank of Nigeria (CBN) naira redesign will not hinder the victory of the All Progressives Congress (APC) at the general elections.

Benson gave the submission at a media parley on Thursday in Lagos, ahead of the 2023 general elections.

He noted that the scorercard of the ruling party in the last seven years on infrastructural development, women and youths empowerment, housing, health and education sectors remained key indicators for victory.

Benson who described the CBN’s policy as a step in the right direction to revamp and control inflation expressed displeasure over the timing.

“The ongoing naira swap crisis will not in any way hinder the victory of APC at all levels because we have done our job in taking the message and awareness to the electorate.

“To me, the CBN policy is good because if a country has 70 per cent of it’s money out of the banking sector, it means that the bank cannot use its instrument to control inflation.

“But I have a problem with the method of redemption, people are directed to redeem the money within the shortest possible period of six weeks.

“The section 23 of the CBN Act says that the President must give approval if there is a need to change currency, the bank must be able to collect and redeem the expired notes anytime it is presented, but now, it is not being done.

“It means if you bring N50,000 to bank upon demand you should be able to collect the same back, but what banks do now is confiscating people’s money, which is illegal,” Benson said.

Benson, Chairman, House Committee on Defence, urged Ikorodu residents to come out enmasse and vote for Sen. Bola Tinubu, on Saturday, considering his track record on development when he was Lagos State governor.

“The APC is positioned to gain a landslide victory at the first poll due to our antecedent in bringing dividends of democracy to Nigerians.

“By the special grace of God, come Feb. 25, we’re certain to have a new incoming president in the person of Sen. Bola Ahmed Tinubu.

“Lagos presently can be described as the New York of America, as it stands today is already the envy of all states in Nigeria.

“In Lagos State, everyone knows it’s going to be a hands-down submission defeat in favour of Mr Governor, Babajide Sanwo-Olu, who will be re-elected once again as the Executive Governor come March 11,” he said.

Benson, seeking re-election for the third time at the National Assembly, promised to ensure more infrastructural development and empowerment programmes for his constituency, if re-elected.

Benson said he would also push forward for special status for Lagos and urged youths to be peaceful and not to engage in violence during and after the election.

“There are lots of things I desire to accomplish if re-elected because the scope of my job and the volume of Ikorodu division is up there to match any visionary antecedent.

“We also have brilliant minds within our confines, which has equally stretched my working into micro and macro scale.

“Going back to the Green Chamber will be about more infrastructural undertakings, even in my first year because I will not wait till May to kick off from where we are currently.

“We have already surveyed six roads in Ikorodu to work on but I won’t mention their names at the moment.

“The bill on a special status for Lagos will be more enriched and returned to the house, I am positive to get the right backing this time,” Benson said.

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OAU students injured as Amphitheater ceiling collapses on students

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By Jeleel Olawale

No fewer than five 100l students of Obafemi Awolowo University, Ile-Ife were on Thursday injured when the Amphitheater collapsed on them by the heavy rainfall in the morning while the students were taking SER001 Class in Ile-Ife in the morning.

According to a student who was one of the survivors, Babatunde Damilare said, the ceiling in the Amphitheater fell on the students which resulted in the incident.

The students had told the lecturer while the lecture was ongoing to end the class when the heavy rain enveloped the whole Amphitheater. The lecturer did not stop the class until part of the building collapsed on them.

A release by the Public Relations Officer of the University, Mr. Abiodun Olarewaju, said the torrential rainfall of early Thursday morning, accompanied with a whirlwind, which started as students of Obafemi Awolowo University, Ile-Ife, Osun State, were having a lecture, SER to be precise, in the Amphitheatre of the Oduduwa Hall, affected the ceiling of the Amphitheatre as it fell off and injured a few of the students.

The Vice-Chancellor, Professor Adebayo Simeon Bamire led other principal officers to the Medical and Health Centre of the University, and ensured that the injured students were given adequate medical attention.

The statement stated that the Vice-Chancellor also followed two other students, whose cases demanded more medical attention to the Obafemi Awolowo University Teaching Hospital Complex (OAUTHC), where the Chief Medical Director (CMD), Professor John Okeniyi, physically supervised the proceedings.

The Vice-Chancellor has, therefore, appealed for calm and urged students and staff to go about their academic and administrative activities without any form of untoward action.

Meanwhile, the management of the University has sealed off the amphitheatre, the venue of the unfortunate incident, until further notice.

Also, the president of the Students Union, Comrade Abbas Akinremi said, the incident of ceiling collapse occurred at the Amphitheater of Oduduwa Hall of the university which has never occured in the history of the institution.

“The place is always being used for social events. Nothing of such happened. He said the situation has been stable as normalcy has since been returned to the institution.

“The institution management has been on top of the incident. The Vice-Chancellor really took proactive steps in ensuring that normalcy has returned to the institution. He has visited the injured students at the University health centre before they were referred to Obafemi Awolowo University Teaching Hospital,” he said.

Abbas debunked the rumour that a roof collapsed as it’s being circulated around.

He said that it was part of the ceiling that fell on some students, five of whom have been taken to the University health centre, while the most critical two were taken to Obafemi Awolowo University Teaching Hospital Complex (OAUTHC).

According to him, the affected students had been adequately treated and were all stable, thanking God for no casualty.

He urged school management to continue monitoring and ensure maintenance of lecture building, hostels for the safety of staff and the students.

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JUST IN: Student loan application portal opens May 24

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The Federal Government, through the Nigerian Education Loan Fund, on Thursday night announced that May 24, 2024, was the official date for “the opening of a portal for student loan applications,” a statement signed by the media lead of the Fund, Nasir Ayantogo said.

Ayantogo, in a statement, said the opening of the application portal marks a significant milestone in the commitment of President Bola Tinubu to” fostering accessible and inclusive education for all Nigerian students.”

On June 12, 2023, Tinubu signed the Access to Higher Education Act, 2023, into law to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.

The move was in “fulfilment of one of his campaign promises to liberalise funding of education,” a member of the then Presidential Strategy Team, Dele Alake, said.

The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to process all loan requests, grants, disbursement, and recovery.

Although the government initially announced that the scheme would be launched in September, it suffered several delays, leading to an indefinite postponement in early March.

The Presidency had linked the delay to Tinubu’s directive to expand the scheme to include loans for vocational skills.

After receiving a briefing from the NELFUND team led by the Minister of State for Education, Dr Yusuf Sununu, on January 22, the President directed the Fund to extend interest-free loans to Nigerian students interested in skill-development programmes.

Tinubu based his decision on the need for the scheme to accommodate those who may not want to pursue a university education, noting that skill acquisition is as essential as obtaining undergraduate and graduate academic qualifications.

“This is not an exclusive programme. It is catering to all of our young people. Young Nigerians are gifted in different areas.

“This is not only for those who want to be doctors, lawyers, and accountants. It is also for those who aspire to use their skilled and trained hands to build our nation.

“In accordance with this, I have instructed NELFUND to explore all opportunities to inculcate skill-development programmes because not everybody wants to go through a full university education,” he had said.

Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

The portal, according to the statement, provides a user-friendly interface for students to submit their loan applications conveniently.

“We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation.

“Students can access the portal on www.nelf.gov.ng to begin application,” the statement said.

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Reps threaten cancelation of PPP and concessions in transport ministry

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The House of Representatives Committee on Public Assets has issued a stern warning to cancel all Public-Private Partnership (PPP) agreements and concessions within the Federal Ministry of Transport.

The announcement came during a session in Abuja where the committee interrogated officials from the ministry, led by Permanent Secretary Pius Oteh.

Chairman of the Committee, Rep. Ademorin Kuye, expressed dissatisfaction with the lack of compliance with existing laws in the PPP and concessions agreements, particularly concerning the Nigeria Railway Corporation (NRC) and the Railway Property Management Company Limited (RPMC).

Kuye stated that non-compliance with extant laws could lead to the cancellation of these agreements.

Oteh also told the committee that the ministry has over 170 leases but was unable to provide the relevant documents as required by the lawmakers to prove whether there were compliance with the extent laws.

One of the required documents is the receipt of payment which the lawmakers said was not attached to the documents submitted by the ministry in disregard to their request.

The committee in its resolution invited the Minister of Transport, Chief Executive Officer of Nigeria Railway Corporation and other relevant organisations to appear on their next sitting.

The chairman warned that the committee will not hesitate to invoke relevant constitutional provisions if any organisation fails to honour their invitation.

“As you may be aware, this committee will not hesitate to invoke the relevant constitutional provisions if any head of ministry, agency or department fails to honour the invitation of this committee.

“We can issue an arrest warrant and direct the relevant security agencies to bring such person here,” he said.

He noted that improper management of government assets through public Private Partnership and Concessions has been one of the major challenges in infrastructure development.

It would be recalled that the House of Reps through its resolution in Feb. mandated the committee on Public Assets and Special Duties to probe Public-Private Partnership initiatives and concession agreements across the country.

The committee noted that in spite of initiating several PPPs and concession programmes, the outcomes have been mixed, with some projects stalled and others failing to yield anticipated results.

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