₦airaland Forum

Good move

Intelligent submission. Very Brilliant!

emkz:
All candidates agreed that subsidy had to go.

Buhari subtly removed it by refusing to make budgetary provisions for it. Tinubu ought to have left it at that. But announcing it sent shock waves across the country because those wicked marketers hoarded products.

Defending the naira was also a form of dollar subsidy. You may not be aware that banks were hoarding fx because of the exchange rate differential. Also, there were too many BDCs unregistered that were doing the round-tripping. Like I argued then, every major currency is floated, but the market for trading fx is not floated. It is heavily regulated. But subsidizing dollar sakes, we open and sustain a new avenue of stealing by the already corrupt class. Okay, all the dollars Cardi B pumped into the system, what economic activity were they tied to?

Nothing! Just a store of wealth by the rich. The dollar subsidy had to go to free up funds for other things.

Are you aware that funds to universities and other tertiary institutions had increased? Are you also aware that FAAC allocations to states have increased?

As for minimum wage, many people do not know that FG pays more apart from the minimum wage. There are allowances that many civil servants would never talk about. I made a topic on it yesterday.

Ask any NNPC worker about allowances.

FG can pay 200k minimum wage because they already pay cumulatively up to that to some workers in the form of cumulated allowances. But the disparity with states that cannot pay will lead to an economic crisis. When retailers jerk up prices when they hear minimum wage increment, they never ask if you are a federal or state worker.

As for failure, Tinubu has not failed. Historically, one year is for settling in, two years for governance and the last year for politicking. If anything, Tinubu has shown he is bold and daring. He has learnt to be more tactical and diplomatic.

I don't see him failing.

BeeBeeOoh:
https://www.pulse.ng/news/imf-ranks-nigeria-2nd-least-indebted-country-in-africa/b59llyc

Good to know.

Very commendable. More housing projects needed across the nation

Good. Kudos to Engr Woke

Very respectful of PBAT.

Hmm

Very good initiative. Weldone Nord company

Hmm

Very commendable

Okoroawusa:
BIG MAN meet BIG MAN

Gbam!

helinues:
Are part time eligible?

I don't think part-time should be.. Cos part-timers are mostly already working class, business owners, independent individuals who may not necessarily need the loan. Program should be for absolutely dependent students

.

..

Very goodnews. The need for adequate IT and data cannot be overemphasized.

Kudos Honorable Minister!

LegendHero:
This is a quick high level info about student loan that is starting by May 24. It is called NELFUND.

Good info and clarification. Congrats to beneficiary students

chukel:
it will do you well to properly inform yourself by going thru the 2024 budgetary provision for student loan.

Where NELFUND Gets Its Money: 1% of all the taxes that the Federal Inland Revenue Service collects goes into a special fund. This fund is like NELFUND's bank account - it's where they get the money to give out as loans and to cover their operating costs.

For 2023, FIRS collected12.3 trillion naira as tax and revenue. 1% of this amount is 123 billion naira. So, in 2023, NELFUND's "bank account" would have been credited with 123 billion naira from the FIRS revenue.

I hope you're clear on this. Thanks

I tell you. I like people that smile always..very infectious!

egidi:
I love the fact that senator Akpabio is always smiling. The man is one of the happiest man

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Poisonousman:
https://punchng.com/port-harcourt-refinery-begins-operation-july/

Very goodnews.

Dangote already in production
PHR starting July

Great news!

chukel:
5bn for 1.2m students. Laughable. 4k for each student.

Where did you guys hear "5bn" from?

Funding will come from a percentage of FIRS yearly revenue.

Pls always be informed!

Blaze14k:
I thought as much. I knew this was only meant for federal government universities. This is the only thing Nigerians have benefited from this administration

Not correct. Federal uni. is first phase. Then States uni next phase

DeLaRue:
If Mr Tinubu can be serious about the student loan scheme and make it work, this will perhaps be his biggest legacy. More so than the coastal road.

The scheme will affect millions of students and continue to run for several decades.

Subsequent administrations will improve, or even rebrand it with a different name, but it will continue to be associated with Mr Tinubu.

Does Mr Tinubu realise how important the scheme is to his legacy, if he gets it right?

Big question.

True. I think the fact the scheme funding coming from a percentage of FIRS revenue is a smart decision. because the major factor is funding

BeeBeeOoh:
https://punchng.com/student-loan-1-2m-beneficiaries-listed-as-scheme-begins-friday/

This will be massive!

Goodnews and congrats to all concerned tertiary students!

Good job mr Wike. Congrats to my Abuja people

“We have started producing jet fuel, we are producing diesel, and by next month, we’ll be producing gasoline. What that will do, it will be able to take most African crudes,” Dangote told the panel.

Very good. Nigerians can't wait!

Roger3D:
From his pronouncements he obviously hasn't

Gbam!

davit:
Truth is Nigerians are ready to pay for quality!

You're right

Good one. Hope to go for it soon.

Olatundex22:
🤭🤭🤭🤭🤭 this man no go make heaven. Wahala
Which one be WE ARE THE ELDERS 🥹🥹🥹

Lol.. That cracked me up as well 😂

Okoroawusa:
As a ruling party, all is not well with PDP in Edo state

True.

Good decision