High cost of living: NANS demands action from Tinubu, gives ultimatum – Newstrends
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High cost of living: NANS demands action from Tinubu, gives ultimatum

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President Bola Tinubu

High cost of living: NANS demands action from Tinubu, gives ultimatum

LAGOS: The National Association of Nigerian Students, NANS, Southwest Zone D has urged President Bola Tinubu to quickly address the issue of the high cost of living in the country, saying many Nigerians are finding it difficult to survive.

The position of the student body was made known in a statement after a meeting in Osogbo, Osun State yesterday.

The statement was signed by the Zonal Coordinator, Comrade Alao John, the Zonal Secretary, Comrade Sanni Olamide, and the Zonal Public Relations Officer, Comrade Bamigboye Oluwadamilola.

The association expressed deep concern over the hardship being faced by citizens and issued a strong call to action at President Tinubu to urgently address the issue.

“Nigeria has been grappling with a myriad of economic challenges, including inflation, unemployment, and a weakening currency, which have significantly contributed to the rising cost of living across the nation. The impact of these economic pressures has been particularly severe on the average Nigerian, making it increasingly difficult to afford basic necessities such as food, shelter, and healthcare.

“The citizens are facing unbearable economic hardship as a result of the soaring cost of living. Many families are struggling to make ends meet, with stagnant wages and rising prices pushing them further into poverty.

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“NANS Southwest Zone D is thereby issuing a direct appeal to President Bola Tinubu to intervene and address the worsening situation. As the leader of the nation, President Tinubu is urged to prioritize the welfare of Nigerian citizens and take decisive action to alleviate their suffering,” the association said.

It subsequently issued a 14-day ultimatum for President Tinubu to respond to its demands and implement concrete measures to tackle the cost of living crisis.

“Failure to do so would result in mass protests, with NANS Southwest Zone D vowing to mobilize students and citizens to take to the streets in large numbers, ” NANS added.
NANS Southwest Zone D therefore called upon all relevant stakeholders, including government officials, policymakers, and civil society organizations, to join hands in addressing the urgent needs of the Nigerian people.

The association emphasized the importance of swift and decisive action to mitigate the impact of the cost of living crisis and restore hope and dignity to millions of struggling Nigerians.

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Canadian mayor praises Lagos under Tinubu at event honouring Peter Obi

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Canadian mayor praises Lagos under Tinubu at event honouring Peter Obi

Brampton is a city in the Canadian province of Ontario, with a high population of Nigerian immigrants.

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Fubara: I have moved on with governance despite political pressure

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Rivers State Governor, Siminalayi Fubara

Fubara: I have moved on with governance despite political pressure

Governor Siminalayi Fubara of Rivers State has asserted that despite the political turmoil in the state, his administration remains steadfast in providing focused leadership and governance.

During a recent meeting with members of the House of Representatives Committee on Public Petitions, led by Chairman Hon. Mike Etaba, at the government house in Port Harcourt, Fubara emphasized that, as far as his administration and the people of Rivers State are concerned, there are no significant political issues to address.

Reflecting on the challenges posed by the political crisis, Fubara drew inspiration from a movie he watched, “Devil’s Advocate,” where he cited a quote by Al Pacino.

He said, “As far as we are concerned, there are no political issues. I saw a movie many years ago, entitled, ‘Devil’s Advocate.’ I believe some of you must have seen that movie too.

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“One of the starring characters, Al Pacino, said that pressure makes some people retreat or fail, and to others, it makes them focus on succeeding. We have chosen to be focused under this pressure.

“That is why we are moving ahead, making a positive impact on the lives of our people. Governance is about the people, not about self.

“Governance is about touching the core needs of those we are leading, and by the special grace of God, we are doing it.”

“Yesterday, by the special grace of God, we observed the credit line of over 3,066 persons empowered. You can imagine what that will do for the economy of the masses and the state. That is touching the lives of our people. It does not support them for selfish reasons. It does not give a contract because I want somebody to fight somebody in my community. No. This is empowering the economy of the masses and the state.

“Our focus is that, no matter what anybody is doing anywhere, we will not lose focus. We want to leave here better than we met it. And we want to also leave here without fear of anything.”

Fubara: I have moved on with governance despite political pressure

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FG begins disbursement of N50bn grant to small business owners

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Minister of Industry, Trade and Investment, Doris Uzoka-Anite

FG begins disbursement of N50bn grant to small business owners

The Federal Government, FG, says it has started disbursement of N50,000 grants to nano business entrepreneurs.

Dr Doris Uzoka-Anite, Minister for Industry, Trade, and Investment, verified this over the weekend, stating that no fewer than 200,000 small business owners have received the payment.

According to her, 800,000 others will receive their incentives before the program ends on May 31.

This will raise the total number of beneficiaries to 1,000,000 Nigerians, split across 774 local government areas.

She explained that about 3.6 million applications were received out of which the beneficiaries were selected randomly from among those who met the conditions.

The minister said N50 billion is available in the 2024 budget for disbursement.

The programme is one of the palliative measures announced by President Bola Ahmed Tinubu in a broadcast on July 31, last year to cushion the pains of petrol subsidy removal.

The President, in the broadcast, said: “Our administration recognises the importance of micro, small and medium-sized enterprises and the informal sector as drivers of growth. We are going to energise this very important sector.”

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In the broadcast, the President also announced that 75 manufacturing firms will be given N1 billion single-digit interest loans each to reflate their businesses.

Dr. Uzoka-Anite, in response to enquiries by our reporter, said: “The application portal was closed at midnight on April 17. The portal had to be closed due to an overwhelming number of applications totalling over 3.6 million.

“The Bank of Industry is ensuring transparency and accountability in the N50 billion disbursement using NIN, BVN and bank account details for verification to prevent duplication.

“They will also perform physical enumeration to re-verify information, including taking photographs of beneficiaries.

“The time frame for disbursement is the end of May 2024. The requirement for determining the beneficiaries is not based on particular criteria. The goal is to reach 1,290 beneficiaries per local government area across the country totalling one million people.”

On why many of the beneficiaries have not been reached, she explained: “We acknowledge that some of the beneficiaries are getting alert while others are not.

“The disbursement is subject to verification of NIN, which became mandatory after the initial application phase which required only BVN.

“The selection is random and without human intervention from those who have passed their NIN and BVN verification.

FG begins disbursement of N50bn grant to small business owners

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