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Loan’ll Cover For Both Private, Public Students –  FG

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The Federal Government, has revealed that the Students Loan Act signed by President Bola Tinubu will cover both students in private and public schools, adding that the government will create a new bank for it.

The Permanent Secretary, Ministry of Education, Andrew David Adejo, made this revelation this while speaking to newsmen in Abuja on Wednesday.

Adejo added that the government will create a new bank for it.

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He said, “We are not going to use existing banks. We are going to create a new bank that will address this because we can’t use an existing bank.

“We don’t want to make it that only people who want to go to public schools will benefit from, private schools are paying tuition so you have to give them the opportunity.

READ ALSO: Student Loan Act Could Send Many Students Out Of School – ASUU

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“The loan is for you to get an education programme and get employed then you start paying back. The loan recovery does not start until you get employed.”

While commending President Tinubu as a job creator, he said, “Our current president today is a job creator from his experience from the private sector and he has given us policy direction and job creation is one of the things he is going to do, even though you cannot create a job for everybody.”

According to him, as of June 12, only three people have seen the Act, which is the president, the current Chief of Staff and himself.

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What you have seen is the bill. The president has assented to the bill, let us wait to see the Act and you get the Act when it is transmitted to the Ministry of Justice to produce a gazette,” he said.

READ ALSO: How To Apply For FG’s Student Loan

Adejo informed that the ministry had begun putting all necessary measures in place to ensure students loan begin between September and October 2023.

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He said already, the President has approved a committee made up of ministries and agencies to see to the realization of the Students Loan Bill he recently assented to.

Recall that the Tinubu had last week, signed into law the Student Loan Bill in fulfilment of a promise he made during his campaign.

The Students Loan Bill, sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila, provides for interest-free loans to indigent Nigerian students.

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The law is to provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund, the Permanent Secretary said.

READ ALSO: How To Apply For FG’s Student Loan

Adejo said: “The bill is to make sure that every Nigerian has access to higher education through what we called the Higher Education Nigerian Bank.

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“Learning from past mistakes, the bank is not going to be the type that will sit down and be collecting application loans, it will also perform normal banking functions and make sure loans are given because we had cases of loan recovery in the past.

The Act as it is tells us the process, but as I speak with you today, the president has approved the committee made up of the Ministries and agencies and their meeting will be coming up 20th of June.

“The president has also directed that by September to October of this 2023/2024 academic session, he wants to see recipients of these loans. So it is a very serious march for us so between now and then we have to phantom the process for people to get the loan,” he added.

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The Permanent Secretary further said the government will create a specialised bank for the operation of the loans, noting that there will be a tracking system for the efficient running of the loans scheme.

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New Tax Laws: Suspend January 2026 Implementation — Senator Ndume Tells Tinubu

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Former Senate Leader, Ali Ndume has appealed to President Bola Ahmed Tinubu to suspend the January 1, 2026, implementation of the country’s new tax laws amid growing controversy.

The federal lawmaker made the appeal in a statement he issued on Wednesday in Abuja.

This comes as the Nigerian Bar Association demanded the suspension of the implementation.

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Recall that a member of the House of Representatives, Abdussamad Dasuki, had last week called the Parliament’s attention to alleged alteration to the tax laws.

READ ALSO:FIRS Confirms NIN As Tax ID

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, in an interview on Arise Television on Wednesday, called for calm over claims of alterations in tax laws and urged Nigerians to allow lawmakers to complete their investigation before drawing conclusions.

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Speaking on the ongoing controversy about the tax laws, Ndume noted that proceeding with the implementation without getting to the root of the alleged forgery will create a legitimacy challenge for the tax laws.

His statement read, “With the controversy surrounding it, the President should constitute a team to verify the veracity of the claim and act accordingly.

“As the responsive leader that he has always been, he should look at it to find out if the copy that was signed and the claim of alterations are genuine so that he will do the needful to bring the controversy to rest.

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READ ALSO:US Threatens To Sanction Countries That Vote For Shipping Carbon Tax

“If not, the controversy will continue.” That is to say, the tax law will not be implemented, because you can’t build on nothing.

“So, Mr. President should suspend the implementation until the issues are resolved because so many civil society organizations, the Arewa Community, and the Nigerian Bar Association are saying that he should withdraw the tax law and investigate the allegation of forgery.”

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“Therefore, Mr President should get to the root of the allegation of forgery. The small committee that will be set up should look into it while the House of Representatives does its own.”

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Tambuwal Engages Security Agencies As US Airstrikes Hit Own LG In Sokoto

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Senator Aminu Waziri Tambuwal, representing Sokoto South, has called on residents of Sokoto State to remain calm following reports of United States airstrikes targeting ISIS-linked terrorists on Christmas Day.

In a statement posted on his personal X account, the former Sokoto State governor said he was aware of reports concerning the airstrikes, which marked a direct US military action in Nigeria based on intelligence about ISWAP threats, and urged citizens to remain law-abiding while authorities clarify the situation.

“I have noted the reports concerning an airstrike carried out as part of ongoing counterterrorism efforts through cooperation between the federal government of Nigeria and the United States,” Tambuwal said. “I urge our communities to remain calm and law abiding as relevant authorities clarify the circumstances surrounding the operation.”

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READ ALSO:US Dept Of War Shares Video Of Air Strikes In Nigeria

Tambuwal assured constituents that he was engaging with relevant security agencies to obtain full details of the operation and to ensure that necessary things were in place to protect civilians.

I wish to assure the people of Sokoto South that I am in active talks with relevant security authorities to obtain full details and ensure that all necessary safeguards are upheld,” he added.

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The senator emphasised that counterterrorism operations were aimed strictly at criminal and terrorist elements threatening public safety, not innocent civilians who are often victims of insecurity. He stressed that the protection of civilian lives must remain central to all legitimate security actions.

He further called on community leaders, traditional institutions and residents to work closely with security agencies by sharing credible intelligence and resisting misinformation capable of causing fear or heightening tension.

 

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Rep Moore Confirms 12 Tomahawk Missiles Launched In Sokoto

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No fewer than 12 Tomahawk missiles were on December 25 launched against terrorists in Sokoto State by the United States military.

Rep Riley M. Moore, the lawmaker representing Virginia’s Second District in the Congress, confirmed this in an interview with Fox News.

The US military operated in Sokoto State on Christmas night, bombing terrorists killing innocent people in parts of Nigeria.

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READ ALSO:Trump’s Airstrikes: Halt Military Cooperation With US Immediately – Sheikh Gumi Tells Tinubu Govt

Some security analysts claimed on Friday that the operation was unsuccessful and had no significant impacts on the targeted terrorists.

According to them, the airstrikes landed in safe places including farms where there was no history of terrorists’ hideout.

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But details began to emerge on Friday night, indicating that several terrorists were killed during the joint operations between the US army and it’s Nigerian counterpart.

READ ALSO:Nigerian Ringleader Of Nationwide Bank Fraud, Money Laundering Jailed In US, Says FBI

Moore said: “This year, thanks to President Trump, Radical Islamic Terrorists were on the receiving end of 12 Tomahawk missiles as a present.

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“The successful strikes on ISIS, in coordination with the Nigerian government, is just the first step to secure the country and end the slaughter of our brothers and sisters in Christ”.

DAILY POST reports that residents of Sokoto State have been panicking since the US military operation.

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