News

BREAKING: Dantata Backs Transition To Parliamentary System Of Govt

Published

2 years ago

February 15, 2024

Editor

Elder statesman, Alhaji Aminu Dantata has thrown his weight behind the move to transition from a presidential system of government to a parliamentary system.

Dantata, while speaking on the development on Thursday, said the parliamentary system is better than the presidential system of government because it is cheaper.

The nonagenarian stated this when some members of the House of Representatives spearheading the transition move paid him a consultation visit at his Kano residence.

Recall that the House of Representatives has passed, for the first reading, the bill seeking to transform the presidential system of government into a parliamentary system.

Titled ”The Bills proposing constitutional alterations for a transition to a parliamentary system of government,” it was sponsored by sixty lawmakers and read for the first time during Wednesday’s plenary in Abuja.

Briefing newsmen after plenary, the spokesperson of the sixty-member group, Hon. Abdussamad Dasuki (Sokoto, PDP), said that the proposed alterations, when passed, would significantly impact the national political landscape.

According to him, over the years, the imperfections of the Presidential System of Government have become glaring to all, despite several alterations to the constitution to address the shortcomings of a system that has denied the nation the opportunity to attain its full potential.

He said among these imperfections are the high cost of governance, leaving fewer resources for crucial areas like infrastructure, education, and healthcare, and consequently hindering the nation’s development progress, and the excessive powers vested in the members of the executive, who are appointees and not directly accountable to the people.

He further noted that the bills presented seek a return to the system of government adopted by our founders, which made governance accountable, responsible, responsive, and ultimately less expensive.

Dasuki explained that with the presentation of these bills, the House hopes to ignite and provoke a national conversation about the future of the Nigerian governance system, to ensure robust public debates, stakeholder consultations, expert analyses, and a thorough and informed decision-making process, to raise awareness about the significant development and to encourage constructive dialogue on the potential implications of these proposed constitutional alterations.

“Today, we stand on the cusp of history, as lawmakers across party affiliations and regional backgrounds come together to present bills proposing Constitutional Alterations that seek a transition to Parliamentary System of Government.

“These bills, seeking to alter the Constitution of the Federal Republic of Nigeria 1999, advocate a transition from the current presidential system to a parliamentary system at all levels – federal, state, and local government.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

46 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

3 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.