₦airaland Forum

You should be concerned with what you expect from life rather than from your after-death. Enjoy life while it lasts. I don't know where I came from I don't know where I will end; I only lnow about the present and thats enough for me to worry about. Believing other rooster and bull stories will only add to your worries. Where are billions of people that died before you? They are probably part of the hydro carbon in your fuel tanks.

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Good luck

Chelsea wins

Our judicial system is fast becoming a circus. Nigeria is a banana republic, sorry to say

Traitors!

By Ahamefula Ogbu

The Nigeria Labour Congress (NLC) and its Trade Union Congress (TUC) counterpart have been allocated 600 mass transit buses in the 1,242 fresh orders placed by the Federal Government Wednesday to beef up the scheme, which already has 1,636 vehicles in its fleet.

The order, which was one of the approvals given by the Federal Executive Council (FEC) at its meeting Wednesday, is costing the Federal Government N15 billion under the Subsidy Reinvestment Programme (SURE-P).

Speaking to journalists at the end of the meeting at the Presidential Villa, Abuja, Minister of Information, Mr. Labaran Maku, said: “What we approved today (Wednesday) will support the purchase of 1,240 high capacity buses for disbursement to competent transport investors in the country.”

When delivered, 450 of them, he said, would be transferred to the NLC, while its TUC counterpart would manage 150 of the buses.

Also speaking on the mass transit scheme, Minister of State, Trade and Investment, Dr. Sam Ortom, said the government had so far provided N25 billion for the scheme which he also said was a revolving loan to transporters at zero per cent interest rate, pointing out that in 2010, the government provided the first tranche of N10 billion to the transporters.

In all, he said, the fund so far approved for the project, including the N15 billion from FEC, is N25 billion.

He said the money would be domiciled at the Urban Development Bank which would release the facilities to beneficiaries to purchase the vehicles.

He said the beneficiaries would be given a three-month moratorium before they would commence repayment of the facility, which would be for a period of five years.

According to Ortom, companies given the job to supply the buses would also be made to set up workshops and spare part plants in the country to ensure that the scheme is not grounded.

The service centres, he added, would be opened in each of the six geopolitical zones of the country.

The FEC also offered provisional licences to five new private universities. Justifying the new licences, Maku said comparatively, given the population of Nigeria and the number of universities viewed against the same statistics in other climes, Nigeria needed more universities to soak up the population of secondary school students seeking admission into tertiary institutions in the country.

He explained that the memo for the approvals was brought to the council presided over by Vice-President Namadi Sambo.

He added that after a careful deliberation on the standards required, members approved the request to create more universities so as to create avenue for tertiary education across the country.

The five new universities, which bring the number of universities in the country to 122, are Elizade University, Ilara Mokin, Ondo State; Evangel University, Akaeze, Ebonyi State; Gregory University, Uturu, Abia State; Mcpherson University, Seriki Sotayo, Ogun State; and Southwestern University, Okun Owa, Ogun State.

Besides, existing universities were approved as mentors for the new ones.

Elizade University has the Federal University of Technology, Akure; Evangel and Gregory Universities have University of Nigeria, Nsukka; Mcpherson has University of Ibadan, while Southwestern University has University of Lagos as its mentor.

Also contributing on the issue, Minister of Education, Prof. Ruqqayatu Rufa'i, said the licence was provisional and would last for three years after which an evaluation of the performances of the universities and their compliance with set standards would be made and if they conform to set standards, they would be granted full licences to continue.

On the issue of high tuition fees in such universities, she said while it was a private concern which the Federal Government would not want to dabble into, discussions with the private university owners were on to make the fees affordable.

She argued that with the new approvals, she hoped that the fees would be forced down.

Rufa’I, however, explained that the government would “encourage access with quality so that the need to enable Nigerian students desirous of gaining admission to fulfil their dreams will not compromise the quality”.

On power, the information minister said the Sapele power plant had come on stream and had added 225 megawatts to the national grid.

http://www.thisdaylive.com/articles/subsidy-labour-gets-600-buses-from-fg/109880/

Man U to win

@poster
So What" It's not your money

He remains a wounded lion and a threat to national security. He should be incarcerated.

Great

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davidylan:
where is the game? all i see is business news from channels

Look for the links on Live Football match on the site

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2-0, it could have been worse

Ranks007:
Irony of life, Why are Northerners always saying this, so funny!

Because of southern oil

How did he defend Nigeria from the grip of Turai?

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