Connect with us

News

Nigerian Govt to fund Student Loan Scheme through Education Tax – FIRS Chairman

Avatar

Published

on

The Nigerian Government has announced that the financing for the Student Loan Scheme will be sourced from the Education Tax Fund under the Federal Inland Revenue Service (FIRS). This information was conveyed by FIRS Chairman, Zacch Adedeji, during a briefing on Monday at the Presidential Villa in Abuja, in collaboration with Dr. Akintunde Sawyerr, the Executive Secretary of the Board.

Adedeji explained that utilizing the Education Tax Fund in the scheme is a method employed by the government to ensure transparency and accountability to taxpayers in the country. In his statement, Sawyerr assured that the application process for the loan would be automated, eliminating human intervention. He emphasized the government’s commitment to preventing young Nigerians from being denied tertiary education due to financial constraints.

Sawyerr highlighted that the student loan initiative aims to empower Nigerians to pursue their chosen career paths without financial hindrance, reducing the need for individuals to engage in perilous journeys seeking better opportunities. He revealed that the loan disbursements would be directly transferred to the institutions of successful applicants. While the loan is open to all Nigerians, Sawyerr clarified that priority would be given to those in the greatest financial need.

Sawyerr expressed enthusiasm about the impending launch of the Nigerian Education Loan Fund, emphasizing its role in addressing longstanding issues related to funding tertiary education. Adedeji concluded by emphasizing that the Education Tax Fund, collected by the FIRS, aligns with the government’s commitment to make education accessible and enhance its quality. The funding mechanism is considered a way of being accountable to taxpayers, ensuring the integrity and quality of education in the country.

Advertisement
Click to comment

Leave a Reply

News

Electricity tariff hike: Nigerian workers shut AEDC offices

Avatar

Published

on

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have closed all Abuja Electricity Distribution Company (AEDC) offices to protest against the increase in electricity tariffs.

According to information gathered by DAILY POST, the NLC prevented AEDC staff from entering their offices when they attempted to resume work on Monday.

An AEDC staff member, speaking anonymously, revealed, “The Apo office of AEDC has been shut down by NLC. When I arrived at the office around 7:00 am on Monday, I was instructed to return home. Similar instructions were given to colleagues in our other offices across Abuja.”

In a previous announcement jointly made by NLC Acting Secretary-General Chris Uyot and TUC Acting Secretary-General Ankan Hassan, Nigerian workers had pledged to close down the offices of the 11 Distribution Companies (Discos) nationwide and the Nigerian Electricity Regulatory Commission (NERC).

The workers demanded a reversal of the April 3 electricity tariff increase for band A customers, which raised the rate to N225 per kilowatt-hour from N68 per kWh. Despite this call, NERC proceeded with a slight tariff reduction to N206 per kWh, which was deemed inadequate by the organized labour.

Advertisement

As a result, the NLC and TUC vowed to shut down the Discos and NERC offices until their demands were met. This development occurs amidst the challenges faced by Nigerians due to high headline and food inflation rates, standing at 33.20% and 40.01%, respectively, as of March 2024.

Continue Reading

News

Nigeria will rise again – Anglican Primate

Avatar

Published

on

The Primate of the Church of Nigeria, Anglican Communion, Most Rev. Henry Ndukuba, expressed confidence that Nigeria would overcome its current challenges and regain its position among nations.

Speaking to reporters during a Thanksgiving Service marking the end of the 2024 second session of the 12th Synod in Abuja, with the theme “By This Time Tomorrow: Breaking the Siege upon the Nation,” the Primate described Nigeria as besieged and in need of divine intervention.

He emphasized that Nigeria faces adversaries such as wickedness, corruption, and nepotism, which surpass its own strength, thus requiring God’s intervention for liberation and success.

The Primate urged Nigerians to sincerely repent and return to God to overcome challenges, emphasizing that genuine repentance would lead to divine mercy, forgiveness, and healing for the nation.

Ndukuba also urged citizens, regardless of their religious beliefs, to forsake evil and adhere to righteousness, believing that adherence to religious principles would lead to national transformation.

Advertisement

He encouraged those facing spiritual, economic, or health-related challenges to seek deliverance through trust in God.

In a sermon, Retired Rev Johnson Atere echoed the call for Nigeria to return to God and have faith in His word. He attributed the nation’s challenges to leaders’ failure to heed God’s commands and counsel.

Despite the challenges, he emphasized that the solution lies in God’s word, asserting that divine intervention is always available to deliver the people.

Continue Reading

News

BREAKING: NLC shuts down Jos DisCo over electricity tariff hike

Avatar

Published

on

The Nigerian Labour Congress (NLC) has closed down the headquarters of the Jos Electricity Distribution Company (JEDC) in Plateau State in response to the increase in electricity tariffs. Reports indicate that the labor union barricaded the main entrance of the company, preventing staff from entering the main building.

The NLC and the Trade Union Congress (TUC) had declared their intention to close down offices of the Nigerian Electricity Regulatory Commission (NERC) and Distribution Companies (DisCos) across the country due to their refusal to meet the demand for a complete reversal of the electricity tariff hike.

Continue Reading

Trending