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FG Lists Conditions For Student Loan Applicants

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The Federal Government, on Monday, said the Education Tax under the Federal Inland Revenue Service would serve as one of the funding sources for the recently established Student Loan Scheme.

This was as it detailed the conditions that an applicant must meet to qualify for the loan.

It said the scheme would be fully automated to ensure zero human involvement in the application and processing of the loans to applicants.

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“That is why the education tax fund is one of the sources of funding that we will use to execute this programme,” said FIRS Chairman, Dr Zacch Adedeji, when he addressed State House Correspondents after briefing President Bola Tinubu on the impending launch of the scheme at the Aso Rock Villa on Monday.

Barely one week earlier, the Minister of State for Education, Dr Yusuf Sununu, revealed that the scheme was on track to start in January 2024 as the President promised last October.

Adedeji, who spoke alongside the Executive Secretary of the Student Loan Board, Dr Akintunde Sawyerr, said channeling the education tax into the scheme was the administration’s way of being accountable to Nigerian taxpayers.

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READ ALSO: BREAKING: Tinubu Signs Student Loan Bill Into Law

“This is in fulfillment of Mr President’s promise that we will make education accessible to all. This is one of the schemes where we will be applying the education tax that we collect.

“It is a way of being accountable to the taxpayers because the essence of education tax is to consolidate and restore education integrity and quality. In fulfilling that part of the Act, education tax fund is one of the sources of funding that we will use to execute this programme,” he said.

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Meanwhile, the Executive Secretary of the Scheme, Sawyerr, who gave his first public briefing on the programme said eligible applicants would route their requests through the loan app or website, affirming that the scheme would be devoid of human involvement.

He itemised the application process, saying prospective candidates must avail their JAMB registration number, date of birth, National Identification Number and Biometric Verification Number, among others.

“The applicant will go on to a portal, or they will engage with the app. They will have to put in certain pieces of information that make them eligible, such as their JAMB number and, of course, the tie-in to their date of birth.

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“Further pieces of information include their NIN, which confirms that they are Nigerians. This loan scheme is being paid for by Nigerian taxpayers. So, it’s for Nigerians and the NIN helps verify and qualify them as such.

READ ALSO: Tinubu Announces Commencement Date For Students Loan

“Their BVN is for financial inclusion because this scheme in itself will, at some point, be able to empower students, so we need to know they have bank accounts. We need to know where their accounts are to be able to access those accounts.

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“It will also have their matric number and admission number so that we can firmly establish which institution they are going to because one of the key elements of this is that once we have received applications and those applications are approved, the fees or the tuition requirements in terms of financials will be transferred directly to the institution. That in itself has benefits for the institution,” The Executive Secretary explained.

While likening the loan to a bridge linking the desire for further education and the funds to do so, Sawyerr explained that the FG was keen to ensure that young Nigerians do not fail to acquire tertiary education simply because they lack the funds.

He said, “The intention behind it is to ensure that the reason for not being able to go on and further your education at a tertiary level is not for the lack of finance. This law seeks to bridge the gap between the desire to study and the capacity to go further. It seeks to bridge that gap that is created by lack of finance and funding.”

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The Loan Chief explained that the scheme would enable Nigerians to pick a career trajectory of their choice rather than being forced into other paths because they were unable to acquire vital education.

He also affirmed that the loan would help to stem the dangerous journey undertaken by Nigerian youths across the Sahel to Europe in search of a better life.

READ ALSO: FG Announces N75 billion Interest-free Loan For 1.5m Market Women

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“Some of the opportunities provided by the scheme include enrolling intending students in teacher training programmes and vocational skills.

“The programme provides opportunities for Nigerian students who want to go into the academic and get a university degree or perhaps want the technical side and acquire some vocational skills and also in the teacher training space.

“This intervention will affect the lives of many Nigerian youths because that’s usually the bracket to further their education. It will enable us to intervene and support families, particularly the needy,” he explained.

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The Executive Secretary disclosed that the school fees for successful applicants would be transferred directly to their institutions.

On June 12, 2023, President Bola Tinubu signed the Student Loan Bill into law. 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, told journalists. The law enables indigent students to access loans at interest-free rates.

Declaring the 29th session of the annual Nigeria Economic Summit in Abuja open on October 23, 2023, the President said, “By January 2024, the new Students Loan Programme must commence. To the future of our children and students, we’re saying no more strikes!”

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Ooni’s Palace Slams Oluwo Over ‘Ife Not Yoruba Origin’ Claim

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The palace of the Ooni of Ife on Tuesday slammed the Oluwo of Iwo, Oba Abdulrosheed Akanbi, over his claim that Ile-Ife is not the origin of the Yoruba people.

Reacting to the comments, the Ooni’s spokesperson, Moses Olafare, dismissed the statement, saying, “No reasonable person will react to Oluwo’s comments.”

Oba Akanbi, known for his controversial views, had in a video posted on his Facebook page while conferring a chieftaincy title in his palace, insisted that “Ile-Ife has no Yoruba culture.”

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Flanked by his chiefs, the Iwo monarch argued that the language spoken in Ile-Ife — widely regarded as the cradle of the Yoruba race — differed from mainstream Yoruba. He also questioned the use of certain expressions.

READ ALSO:Ife Not Origin Of Yoruba Race, Says Oluwo

Ife is not the origin of the Yoruba race. Those people don’t speak our language. Their language is different. They refer to God as Eledumare, and there is nothing like Eledumare in the Yoruba language. What we have is Olodumare.

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“Ife people will always say Olofin. If you ask them the meaning, they will tell you it means the owner of the palace. But in Yoruba, that is Alaafin. Ile-Ife has no Yoruba culture.

“I am the Arole Olodumare because I am here to tell you the true history. Iwo is where you can get the real history that was not even documented,” he said, stressing his determination to preserve his version of history.

Debates over the origin of the Yoruba and the authority of monarchs to confer titles have long been contentious.

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READ ALSO:JUST IN: Ooni Visits Olubadan-designate Ladoja In Ibadan

In August, The PUNCH reported a similar face-off between the Ooni of Ife, Oba Adeyeye Ogunwusi, and the Alaafin of Oyo, Oba Akeem Owoade, over the title of Okanlomo of Yorubaland, allegedly conferred on Ibadan businessman Chief Dotun Sanusi by the Ooni.

The Alaafin, through his media aide Bode Durojaiye, insisted no traditional ruler other than him had the authority to bestow a title covering the entire Yorubaland. He issued a 48-hour ultimatum to the Ooni to revoke the title or “face the consequences.”

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In response, the Ooni’s spokesperson, Olafare, dismissed the ultimatum, saying the monarch had chosen to leave the issue “in the court of public opinion.”

We cannot dignify the ‘undignifyable’ with an official response. We leave the matter to the public court of opinion, as it is already being treated. Let’s focus on narratives that unite us rather than those capable of dividing us. No press release, please. Forty-eight hours, my foot!” he wrote on Facebook.

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[OPINION] Rivers: The Futility Of Power And The Illusion Of Victory

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By Israel Adebiyi

Power is a strange thing. To some, it is a crown that dazzles; to others, it is a sword that conquers. Yet history, both ancient and modern, is replete with reminders that power is fleeting, fragile, and often fatal to those who cling to it without wisdom. Nigeria’s Rivers State has, in recent months, provided a theatre where this truth has played out in its rawest form, a play in which the actors ranged from elected governors to godfathers in high places, from lawmakers turned pawns to a weary citizenry who bore the bruises of political combat.

As you may have learnt, the democratically elected Governor Siminalayi Fubara is back in the saddle. What a traumatising six months it must have been for the man who thought being the Chief Security Officer of his state truly makes him the man in charge. What a tormenting time it must have been for the legislature, those who, entrusted with making laws, would rather sink the ship of state than allow Fubara to sail. And what excruciating experience it must have been for the people of Rivers themselves: to have their choice nearly swapped for a civilian in khaki, to watch their lives held hostage by political gladiators in a power struggle that never had their welfare at heart.

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At the centre of this drama stood the godfather, one who straddles Abuja and Port Harcourt, ministering to the Federal Capital Territory while seeking to lord it over Rivers, unchallenged. His triumphs and setbacks are well-documented, but the bigger question remains: what has the political elite learnt from all this? From potential godsons, to godfathers, to supporters, to the rest of us, the truth is painfully clear, no one wins in a state of anarchy, not even the chest-beating King Kong.

The Rivers imbroglio reinforces a timeless principle: governance does not happen in chaos. The seat of power may be occupied, but when the instruments of state are weaponised against one another, the business of the people suffers. Schools do not function, hospitals languish, investments are scared away, and trust in government crumbles. A peaceful atmosphere is the precondition for governance, for no policy, no matter how well-crafted, can thrive in the soil of instability.

MORE FROM THE AUTHOR:[OPINION] House Agents: The Bile Beneath The Roof

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In this sense, what happened in Rivers is not new. History shows us that the vanity of power games leaves behind a trail of ruins. Rome, mighty and invincible, crumbled not because its armies lost their strength but because its leaders indulged in intrigues, conspiracies, and betrayal, weakening the republic from within. In Africa, the ghosts of Liberia’s civil war and Sierra Leone’s dark decade still whisper lessons of how political egos, once unchecked, descend into rivers of blood where the people are the ultimate casualties.

Even in more stable democracies, we see shades of this futility. Recall the Watergate scandal in the United States: an overreach of power that forced President Nixon’s resignation, not because America lacked laws, but because one man believed his political survival was above the rule of law. In Zimbabwe, Robert Mugabe’s prolonged hold on power may have begun with promises of liberation but ended with economic collapse and national despair. In all these, the lesson is the same: unchecked power, exercised without restraint, consumes itself.

The real victims of Rivers’ crisis are not the gladiators in high office; they will always find soft landings. The true casualties are the people, the market woman in Port Harcourt whose business was disrupted by endless protests and palpable fears, the civil servant whose progress and commitment are beclouded by uncertainties, the student whose classroom leaks under the rain because the funds for renovation are trapped in political crossfire.

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What is often forgotten in the heat of power play is that governance is not an abstract exercise; it is the daily bread of the people. When leaders quarrel, roads go untarred, hospitals go unequipped, and children go unfed. To reduce governance to a chessboard of egos is to mortgage the people’s welfare for vanity. This, tragically, is the recurring story in Nigeria’s democratic experiment.

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Philosophers have long wrestled with the meaning of power. Shakespeare, in Macbeth, captured it as “a walking shadow, a poor player that struts and frets his hour upon the stage and then is heard no more.” The story of Rivers is a fresh Nigerian adaptation of this drama. For months, power appeared to belong to one, then another, and then another still. Yet in the end, it was revealed that no one truly wielded power in its purest sense, because power without legitimacy, without the consent of the governed, and without the peace to implement vision, is no power at all.

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The futility of the Rivers crisis holds lessons for Nigeria as a whole. Across our federation, godfatherism continues to haunt governance. From Lagos to Kano, from Anambra to Oyo, the tussle between political benefactors and their protégés has become a recurring decimal. Rarely do these battles end in progress for the people; more often than not, they end in paralysis.

The comparison need not be far-fetched. Look at Kenya, where post-election violence in 2007 consumed more than 1,000 lives and displaced hundreds of thousands. The fault line was political ego, the refusal to let the people’s will stand unchallenged. It took the Kofi Annan-led mediation to restore peace. In the Democratic Republic of Congo, decades of instability trace back to leaders who personalised power, treating the state as property and the people as pawns.

Rivers may not have descended into outright war, but the undertones of instability remind us that democracy is not guaranteed; it must be guarded. When politicians play roulette with the rule of law, they court a descent into chaos that ultimately swallows everyone.

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The Rivers episode should compel us to reflect on the foundations of Nigeria’s democracy. For too long, politics has been driven not by institutions but by personalities. Our allegiance is more to godfathers than to constitutions, more to individuals than to principles. Yet sustainable governance is only possible when the rule of law, not the whims of men, governs the game.

MORE FROM THE AUTHOR:OPINION: Ezekwesili, The NBA, And The Mirror Of Truth

What does this mean in practice? It means state assemblies must not be reduced to errand boys of powerful interests. It means governors must respect their oaths of office, governing for all, not just for loyalists. It means party structures must operate with transparency, giving room for dissent without retribution. Above all, it means citizens must rise in defence of their democracy, insisting that their mandate cannot be traded on the altar of ego.

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The Rivers drama may be easing, but the scars remain. It was a sobering reminder that power, when divorced from service, becomes poison. That democracy, when stripped of rule of law, becomes anarchy. That in the final analysis, no one truly wins when the people lose.

From the godfathers to the godsons, from the lawmakers to the electorate, we must all acknowledge a shared truth: we are losers when power games eclipse governance. The real triumph is not in who sits in Government House, but in whether that House delivers schools, hospitals, jobs, and peace.

Let Rivers be a lesson to Nigeria: that power is not an end in itself, but a means to service. That peace is not weakness, but strength. And that the greatest legacy any leader can leave is not monuments of ego, but institutions that outlast them.

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For if Rivers has taught us anything, it is that governance cannot happen in a state of anarchy, and the futility of power is revealed when its pursuit leaves the people broken. Let us, therefore, rise to build a democracy where power serves the people, not the other way round.

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NYSC Deploys 1,900 Corps Members To Bauchi State

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The National Youth Service Corps (NYSC), has deployed 1,900 corps members to Bauchi State for the 2025 Batch ‘B’ Stream II orientation exercise.

Mr Kufre Umoren, NYSC State Coordinator, told journalists on Tuesday in Bauchi, that registration would be conducted from Sept. 24 to Sept. 26, at the NYSC Permanent Orientation Camp, Wailo in Ganjuwa Local Government Area of the state.

He said the swearing-in ceremony of the corps members is billed for Sept. 26, and the orientation exercise would end on Oct. 14.

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READ ALSO:NYSC Pays Arrears After Two-month Break

Umoren said each of the corps members would be allowed into the camp after being adequately certified to be genuine graduates.

He said discreet screening of the corps members would be conducted to guard against intrusion or impersonation.

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Registration dates have been announced to the corps members, and they are advised to adhere strictly to all camp rules and regulations.

READ ALSO:Release Corps Member’s Discharge Certificate, Falana Tells NYSC

Defaulters will be sanctioned in accordance with the scheme’s extant rules,” he said, warning the scheme frowned at late-night journeys and urged corps members to avoid it for their own safety.

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While urging them to be punctual, diligent, and comply with dress code, Umoren warned that defaulting corps members would be sanctioned.

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