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Student Loan: North Elders Cautions Tinubu Over Scheme

Published

2 years ago

June 28, 2023

The spokesman of the Northern Elders Forum, Dr. Hakeem Baba-Ahmed has warned that the proposed education loan scheme of the federal government would discourage more Nigerians from accessing university education.

As a result, Baba-Ahmed advised that “the Tinubu government should be very careful about its reforms in the education sector,” stressing, “I think that the education loan scheme policy needs to be looked at very carefully.”

The NEF spokesman also urged President Bola Tinubu to evaluate the policy, as he noted that it would have an “enormous impact” especially on the North.

Baba-Ahmed said this in an exclusive interview with The PUNCH in Abuja on Monday.

He stressed that the north is “very worried about the Tinubu-led government’s policy on the education loan scheme, as we fear it is going to radically increase the cost of university education, and lead a large number of students from the Northern parts of the country out of school.”

Continuing, he asserted, “That is the simple, honest truth. I am hoping that, first, the policy will be studied thoroughly in the context of how people live now. Where are we going to get these loans from? The banks that would disburse the student loans – how much authority and power are you going to devolve to them, or are you going to leave them to go and charge what they want?

“Or are you going to provide the parameters? Have we looked at the possibility that students might take loans and not be able to pay for them, three, four, or five years after graduation? Have you created enough employment opportunities?

“But above all, if you raise the entire fees, yesterday I saw an advert of something supposedly from BUK in Kano, which is one of the largest universities, and I saw that they are now going to be charged for various services the university renders.

“I say this is unbelievable. I know for a fact that if it is true, then a large number of students would not be able to cope.

“We are behind now, as it is in the North. If you now introduce policies where the removal of subsidies is already making life difficult for poor people, electricity tariffs are going to go up, now our children can’t go to school, you must worry about the cumulative effect of these policies,” he added.

The Northern elder insisted, “Policies after policies are just making life more difficult, and people have a short patience threshold. If they don’t see a difference between the pre-Tinubu government and the Tinubu administration, they will walk away from this administration.”

The NEF leader further noted that “The last thing President Tinubu needs is Nigerians saying this man just came to make our lives difficult. In simple terms, that is basically where it boils down.

“Now, if their lives are going to be made difficult, at least find ways of explaining to them. I am very sorry- your leg is broken, if it has to be fixed, it will pain you. But we can fix it. The government’s communication strategy has to be perfect, and the way you design your policies and their impacts – don’t create too many burdens and place them on the citizenry,” he remarked.

Baba-Ahmed tasked the administration to end corruption as a way of restoring Nigeria to the path of growth, security, and national unity.

According to him, “Corruption is at the root of our insecurity; societal corruption, the corruption of our values as a people, and the corruption of all the agencies that are supposed to be fighting insecurity.

“If you drastically remove corruption from the processes and operations of government, and from the lives of Nigerians, you can solve the problem of insecurity in a year or two,” the NEF spokesman stated.

He maintained that the government must address poverty, as well as prioritise the inclusion of the different parts of the country in governance, noting that this will give every group a stake in Nigeria.

“Addressing poverty is a very serious problem, finding ways to improve inclusion – the elections have polarised the country very dangerously, and anybody who does not tell you that we are in a very terrible situation because our elections tend to polarise the nation more and more,” Baba-Ahmed pointed out, adding, “So, inclusiveness should be prioritised.

The administration must find a way to make all parts of the country have a stake in the government, just as this new government must by all means, inject fresh and new ideas in the management of the economy. The administration should pay very close attention to the impact of the liberal economic policies.

“Poverty levels are very high, and sometimes we tend to think that ideas alone can solve problems, no! You need to pay very close attention to the state in which people live.

“Not all people are beneficiaries of liberal economies. The poor are already really under a lot of poverty. Insecurity has compounded it. The last thing you want to do is to create a hostile citizenry.

“The president needs to be very careful, and to take very informed policies in the management of the economy so that even if he doesn’t radically liberate the poor, he also doesn’t radically impoverish them,” Baba-Ahmed advised further.

However, while commending Tinubu for taking the bold decision to suspend from office, the leadership of both the CBN and the EFCC, as well as the removal of subsidy on Petrol Motor Spirit, Baba-Ahmed cautioned against policies that may alienate the masses.

He warned, “The government needs to understand that policies that would have a profound impact on people, it needs to be very careful about it.

“Don’t be afraid to put policies that would affect people, but also don’t condemn and disregard sentiments.

“Everybody knew the fuel subsidy would go, whether it was designed or not, and it was because President Buhari only budgeted for it till June. It wasn’t Tinubu that removed the subsidy; it was Buhari that removed the subsidy.

“Tinubu just found a convenient entry point and said, there’s no kobo for subsidy. It is gone. But what you do is immediately tell people who are working with you. Listen, this may not be our decision, but it will be our decision to deal with the consequences, so how do we do it in such a way that we both get the benefit of the removal of subsidy, as well as alleviate some of the really negative things that would come with its removal,” he said.

News

Okpebholo Launches 1bn Interest-free Loan For Edo Traders

Published

19 hours ago

June 14, 2025

Editor

Governor Monday Okpebholo of Edo State, has officially launched a ₦1 billion interest-free loan scheme, as part of the fulfilment of his campaign promises.

The governor at the launching also said it was a direct alignment with President Bola Tinubu’s Renewed Hope Agenda for national progress.

Okpebholo, addressing market women and men, described the initiative as a beacon of hope for over 5,000 farmers and small business owners across the state, adding that it would inject vitality into grassroots commerce.

He said “There is an adage: follow who knows the road. That is why we decided to follow the footsteps of our President, Bola Ahmed Tinubu.”

He added, “Today, what we are doing in Edo State is the implementation of the agenda of the President. We thank God for the kind of leadership He has given to Edo State and Nigeria. Now, it is time for the progress for our people.”

The Governor underscored the personal commitment behind the scheme, recalling his campaign promise to provide soft loans.

He emphasized that this N1 billion fund was the fulfillment of that pledge, but with a crucial safeguard.

“I just wanted to be sure that this money will not go into the wrong hands. That is the essence of this gathering. Because, with my past experience, whenever the Executive gives out loans, the money does not get to the grassroots,” Okpebholo noted.

“If you do not get this, come back to me and report.” He also revealed that this initial rollout is a “pilot test,” with its success paving the way for future replications of the scheme.

In his statement, Honourable Commissioner for Finance, Emmanuel Ehidiamen Okoebor, said: “It is with great pride and a sense of responsibility that I stand before you today to welcome everybody to this occasion of the launching of the N1 billion interest-free loan to Edo people, our traders, our market women, our brothers and our fathers in the state,” he declared.

Okoebor said the scheme would “boost the economy of our rural areas and semi-urban areas, create jobs, and reduce poverty.”

He added, “Now, he has come to empower the people.” Crucially, he explained the zero-interest feature that sets this loan apart. “Before now, our mothers collected loans and paid 10% on N200,000. For this, there is no interest. You pay back what you borrowed.”

“Each of the 5,000 beneficiaries will receive N200,000, with a generous 12-month repayment period and a one-month moratorium, offering vital breathing room for businesses to stabilize.”

News

Open Letter To The Speaker, Parliament Of The Ijaw Youth Council (IYC) Worldwide

Published

20 hours ago

June 14, 2025

Editor

The writer, Mr Godswill Doubra Wuruyai (Right) andHon. Gabriel Allen Tomoni

Date: 14th June 2025

To:
Rt. Hon. Gabriel Allen Tomoni
Speaker,
Parliament of the Ijaw Youth Council (IYC) Worldwide

Dear Mr Speaker,

RE: THE STATUS OF OPTION A4 AS VOTING MECHANISM AND MATTERS ARISING

I bring you warm greetings of solidarity and unwavering commitment to the Ijaw struggle.

It has become necessary to issue this Open Letter in response to your recent communication dated 13th June 2025, titled “Clarification on Applicable Constitution Guiding Electoral Activities in Lagos Chapter”, and to set the record straight regarding the status of the Option A4 voting mechanism as duly adopted by the Convention of Ijaw Youths at the Odi Constitution Convention 2024.

Permit me to respectfully state from the outset that the matter of Option A4 is neither open to debate nor subject to discretionary legislative ratification by Parliament, the NEC, or any Zonal or Chapter organ of Council. It is a constitutional matter, having been overwhelmingly adopted at the Odi Constitution Convention 2024—the supreme legislative convention of the Ijaw Youth Council, which carries the highest constitutional authority within our organisation.

The Convention is the apex legislative authority on matters of constitutional amendment and review. By both precedent and constitutional logic, once a Constitutional Convention concludes with the majority adoption of any provision, it becomes valid and binding immediately upon adoption by Congress—the highest sovereign body of the Ijaw Youth Council. The notion of “presidential assent” is ceremonial in nature; it does not possess the force to invalidate or delay the decisions of Congress. Signing ceremonies remain symbolic, not constitutive, in effect.

It is, therefore, anomalous and potentially unconstitutional for Parliament, or any of its officers, to purport to subject the decision of Congress to further parliamentary debate, rectification, or ratification. This represents not only a fundamental misreading of the IYC’s constitutional architecture but also a dangerous precedent that could undermine the very foundation of our collective legitimacy.

Furthermore, no Zonal structure, Chapter, or stakeholders’ forum possesses the jurisdiction to review, reject, or suspend a decision reached by a duly convened Constitutional Convention. The only valid forum that can revisit the matter of Option A4—or any other constitutional provision—is another Constitutional Convention convened specifically for that purpose.

The role of Parliament as a stabilising institution within the IYC structure is to promote order, not to precipitate constitutional crises by attempting to override the sovereign will of Congress. Should Parliament insist on such actions, it risks dragging the IYC into an avoidable constitutional conflict that could jeopardise the unity of our noble Council.

The Lagos Chapter, like all other organs of Council, is bound by the supreme decisions of the Constitutional Convention and must conduct its electoral processes in strict adherence to Option A4, as adopted.

Accordingly, I call on you, as Speaker of Parliament, to respect and uphold the supremacy of Congress and its resolutions. Anything short of that amounts to an attempt to overturn the will of the Ijaw people through administrative fiat, which must be firmly resisted by all well-meaning Ijaw youths.

Let me conclude by reminding all concerned that we must not allow petty personal interests or ego-driven conflicts to derail the hard-earned democratic processes within our Council. This is not a time for power tussles, but a time for unity, maturity, and constitutional discipline.

I trust that you will act in accordance with the Constitution and in the enduring interest of the Ijaw nation.

Yours in service of the Ijaw struggle,

Mr Godswill Doubra Wuruyai
Stakeholder/Member
Ijaw Youth Council (IYC) Worldwide

Cc:
Comr. Williams Ayoromiegha Junior, Clerk of Parliament
All Members of Parliament, IYC Worldwide
The President, Ijaw Youth Council Worldwide
NEC Members, Ijaw Youth Council Worldwide
All Zonal and Chapter Chairpersons, IYC
Ijaw Youth Stakeholders Nationwide

News

Reps To Quiz Edun, Cardoso Over Non-compliance With Fiscal Responsibility Act

Published

21 hours ago

June 14, 2025

Editor

The Joint House of Representatives Committee on Public Accounts and Public Assets has invited the Minister of Finance, Mr Olawale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, to appear before it on Monday over allegations bothering on non-compliance with the provisions of the Fiscal Responsibility Act, 2007.

The duo are also expected to respond to the 2021 audit queries relating to internal control weaknesses identified by the Office of the Auditor General for the Federation (oAuGF).

In a letter jointly signed by the Chairmen of the House Committee on Public Accounts, Rep. Bamidele Salam, and the Committee on Public Assets, Rep. Ademorin Kuye, the lawmakers requested the Finance Minister and the CBN Governor to provide details on the remittance of operating surplus to the Federation Account by the apex bank in line with the provisions of relevant laws and regulations.

The Fiscal Responsibility Commission and the Auditor General for the Federation had, in reports submitted to the joint committees, accused several Ministries, Departments and Agencies (MDAs), including the CBN, of failing to remit or under-remitting their operating surpluses as required by extant financial laws and regulations over the last six years.

According to the Public Accounts Committee Chairman, “these violations have negatively impacted the liquidity of the federal government and constitute a hindrance to effective implementation of the budgets passed by parliament.”

The committees stated that both the Finance Ministry and the apex bank had been given ample opportunity to reconcile their accounts and present their positions in order to determine the degree of financial liabilities involved, hence the need for a final hearing to resolve the issues.

The committee is equally reviewing a report in the Auditor General for the Federation’s statutory report which suggests that a number of public assets, which had been fully paid for, have not been completed or put into use for many years.

“Some of these projects in Dutse, Abeokuta and other locations were awarded between 2011 and 2016 but yet to be completed according to audit reports.”