News

Credicorp: NYSC Unveils N200,000 Loan Scheme For Corps Members

Published

1 month ago

August 6, 2025

The Nigerian Consumer Credit Corporation has unveiled a new initiative to empower corps members with access to single-digit interest loans of up to N200,000 under a programme dubbed “YouthCred.”

The scheme officially kicked off on Wednesday in Abuja with the signing of a Memorandum of Understanding between Credicorp and the National Youth Service Corps.

Speaking at the ceremony, the Managing Director/CEO of Credicorp, Uzoma Nwagba, disclosed that N9bn has been earmarked for the first phase of the programme, targeting NYSC members nationwide.

He explained that the initiative goes beyond credit access, aiming to instill responsible borrowing habits and financial planning among young Nigerians.

He said the programme is part of President Bola Tinubu’s consumer credit drive announced during his Democracy Day address on June 12.

“The heart of YouthCred is actually not just credit, but credit orientation that is teaching young Nigerians, especially as they are coming into the workforce, teaching them good credit habits, teaching them how to build a credit history, teaching them how to plan financially and borrow responsibly, and then ultimately also giving them credits that enables them to access goods and services,” he said.

Eligible corps members will be required to complete a brief digital credit education course before they can access the loans.

Those who repay promptly can gradually qualify for higher amounts, up to the N200,000 cap.

The loans are expected to support a variety of needs including relocation, acquisition of work tools and devices, skills training or small-scale business funding.

Nwagba emphasised the strategic importance of the NYSC scheme to national development, describing it as a “national gold mine for credit reorientation.”

“Our first target for this is N9 billion. But like I said in the signing ceremony, the loans will grow, and the amounts will grow as the programme continues to gain adoption,” he added.

He urged beneficiaries to embrace the opportunity with discipline, stressing that repayment is vital to sustaining and expanding the scheme.

In his remarks, the Director-General of the NYSC, Brigadier General Yusha’u Ahmed, who was represented by Brigadier General Olakunle Nafiu, hailed the initiative as “epoch-making,” praising Tinubu for prioritising Nigerian youths.

The DG assured Credicorp of NYSC’s full cooperation, including the integration of credit education modules into orientation and training programmes.

He added that the programme would not only empower corps members during service but also prepare them for life afterward, creating a generation of financially literate, credit-worthy, and business-minded Nigerians.

He stated, “I am glad and I want to thank the MD/CEO of CrediCorps and his staff for this initiative and partnership. I particularly would like to appreciate His Excellency, Mr President, for having the Nigerian youths at heart and driving this initiative.

“It shows that Mr President is committed to this, and he’s passionate about this. We are glad that we are recognised at that level.”

News

FG Makes History Compulsory Subject In Primary, Secondary Schools

Published

10 hours ago

September 17, 2025

Editor

The Federal Government has announced the reintroduction of Nigerian History as a compulsory subject from primary to senior secondary school, 16 years after it was removed from the curriculum in 2009, under the Umaru Musa Yar’Adua administration.

The Federal Ministry of Education announced this in a statement posted on its X handle on Wednesday.

It said the reintroduction aimed at strengthening national identity, unity, and patriotism among diverse citizens.

“For the first time in decades, Nigerian pupils will study History continuously from Primary 1 to JSS3, while SSS1–3 students will take the new Civic and Heritage Studies, integrating History with Civic Education.

“Primary 1–6: Pupils will learn about Nigeria’s origins, heroes, rulers, culture, politics, economy, religions, colonial rule, and post-independence governance.

“JSS1–3: Students will study civilisations, empires, trade, European contacts, amalgamation, independence, democracy, and civic values,” the statement read.

The Ministry said the Honourable Minister of Education, Dr Maruf Alausa, CON, together with the Honourable Minister of State for Education, Professor Suwaiba Sai’d Ahmad, expressed profound gratitude to President Bola Ahmed Tinubu for championing the reform.

“They emphasised that History is not merely a record of the past, but a vital foundation for shaping responsible and patriotic citizens.”

According to the Ministers, the reform is a priceless gift to the nation, reconnecting children with their roots while inspiring pride, unity, and commitment to national development.

The Ministry has released the revised curriculum and will retrain teachers, provide resources, and strengthen monitoring.

The former President Umaru Musa Yar’Adua-led government in 2009 removed history from Nigeria’s basic education curriculum.

Then, it was justified that students were avoiding it with the claim that there were few jobs for history graduates, and that there was dearth of history teachers.

In 2022, the Ministry of Education under former Minister Adamu Adamu inaugurated the reintroduction of the subject.

The Ministry also trained history teachers at the basic education level in Abuja.

However, history has always remained optional in the few schools that offer it.

News

Police Announce Burial Arrangements For Ex-IG Arase

Published

10 hours ago

September 17, 2025

Editor

The Nigeria Police Force has released the burial arrangements for former Inspector-General of Police Solomon Ehigiator Arase, who died on August 31, 2025, at the age of 69.

Arase, who served as the 18th indigenous Inspector-General of Police, was described by the Force as a dedicated officer remembered for his leadership, philanthropy and commitment to police reforms.

According to the programme of events signed by the Force Public Relations Officer, CSP Benjamin Hundeyin, released on Wednesday, the burial rites will begin in Abuja on September 24 with a Day of Tribute at the Nigeria Police Resource Centre, Jabi.

A requiem mass will follow on September 26 at Holy Trinity Catholic Church, Maitama, while a lying-in-state is scheduled for September 27 at his Abuja residence. His body will then depart for Benin City, Edo State.

In his hometown, Sabongida Ora, a candlelight procession is slated for September 29.

A valedictory session organised by the Edo State judiciary and the Nigerian Bar Association will hold at the Edo State High Court, Benin, on October 2.

Other activities include a service of songs at St. Paul’s Catholic Church, Airport Road, Benin, on October 2, followed by a family lying-in-state.

The funeral mass will take place on October 3 at St. Paul’s Catholic Church, after which interment will be held at his private residence in Benin City.

A reception is planned at the Victor Uwaifo Creative Hub, while a thanksgiving mass will round off the events on October 5.

Arase, who held national honours including CFR, and was also a PhD holder, was appointed Inspector-General of Police in April 2015 and retired in June 2016.

He died at Cedarcrest Hospital in Abuja after a brief illness.

News

Lagos Begins Monitoring As Schools Resume

Published

10 hours ago

September 17, 2025

Editor

The Lagos State Government, through the Office of Education Quality Assurance, has commenced the monitoring of schools for compliance with standards as students resumed activities this week.

The OEQA spokesperson, Adepeju Adeyemi, said in a Wednesday statement sent to newsmen that the inspection began on Monday across the state for schools below the tertiary level.

The monitoring team, led by the Coordinating Director of OEQA, Remi Abdul, visited several schools, including Dolphin Senior High School, Lagos Island, where the team was received by the Principal/Director, Comfort Agunlejika.

Abdul explained that the purpose of the monitoring was to ensure compliance with the approved resumption date as stated in the Year 2025/2026 Harmonised Academic Calendar.

The PUNCH reports that basic and secondary schools in Lagos resumed on September 15, 2025, for the First Term of the Y2025/2026 session.

According to the approved 2025/2026 harmonised calendar made available to our correspondent, the First Half of the term is scheduled for September 15 to October 31, 2025, with a duration of 34 days. The second half will commence from November 10 to December 19, 2025, with a duration of 34 days. In between the halves are Open Day and Mid-Term Break.

Abdul noted that the monitoring team deployed was also verifying whether school administrators held pre-resumption meetings and whether key teaching and statutory records, such as lesson notes, diaries, and makeshift attendance registers, were in place for the smooth take-off of the new academic session.

“While addressing SSS 3 students, Abdul encouraged them to take their academics seriously, noting that how well they perform this term would determine their transition to higher education. He urged them to read well, stay focused, avoid skipping classes and begin early preparation for their WASSCE examinations,” the statement said.

He also encouraged teachers to remain dedicated and committed to delivering quality education.