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NANS calls for student loan increase to N40,000 amid fuel price hike
NANS calls for student loan increase to N40,000 amid fuel price hike
The National Association of Nigerian Students (NANS) is advocating for a significant boost in student loans from N20,000 to N40,000 in response to the recent increase in fuel prices.
This call was made by NANS Senate President, Babatunde Akinteye, during a press conference in Abuja on Monday.
Akinteye highlighted that the proposed adjustment is crucial to help students cope with the escalating cost of living while ensuring they can continue their education without undue financial pressure.
The National Association of Nigerian Students (NANS) has called on the Federal Government to raise the student loan amount from N20,000 to N40,000, citing the recent increase in fuel prices as a significant factor. Babatunde Akinteye, the NANS Senate President, made this demand during a press conference in Abuja on Monday.
Akinteye emphasized that increasing student loans is necessary to help students manage the rising cost of living and continue their education without facing excessive financial hardship. He also urged the government to reduce its excessive spending, arguing that those in leadership positions should set an example during these challenging times.
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Calling for calm, Akinteye expressed optimism that President Bola Tinubu’s economic reforms would yield positive results. “We are at a crucial point in our nation’s history, where economic reforms have brought discomfort, hunger, and despair,” he said. “The reality is daunting, and the uncertainty is undeniable, but we must remain united and focused.”
He cautioned against destructive actions, stating, “Burning down our country is not an option; it is not a solution. As Africa’s leading student and youth movement, we share the same struggles, hopes, and aspirations as all Nigerians.”
Akinteye encouraged a thoughtful and strategic approach to the current economic challenges, which include foreign exchange fluctuations, fuel shortages, and rising food prices. He urged the government to address these issues directly, noting that the high fuel cost is especially burdensome for students and the lower-income population.
“We understand that Nigerians, particularly students, are deeply affected by high fuel prices, as our economy heavily relies on fuel,” Akinteye said. “The lower class feels the impact most intensely, and their distress is understandable. However, it is vital to handle these issues with caution and strategy.”
He also highlighted the need to resist reacting hastily, as the nation’s mood is tense and people are on edge. “Many are waiting for a spark to ignite unrest, but we must avoid acting hastily. Preserving life and liberty is crucial,” he added.
Akinteye assured that the safety of Nigerian students remains NANS’s top priority, stating, “We will not risk exposing them to danger by hastily calling for protests.”
NANS calls for student loan increase to N40,000 amid fuel price hike
News
School teachers begin indefinite strike in Abuja
School teachers begin indefinite strike in Abuja
Teachers in government-owned schools across the Federal Capital Territory (FCT) have started an indefinite strike. This action follows the expiration of a 14-day ultimatum issued by the Nigeria Union of Teachers (NUT), FCT Chapter, to the six area councils in the territory.
On Wednesday, pupils who arrived at school were sent home by their teachers upon reaching the school gates, leaving them disappointed.
Comrade Ameh Baba, the NUT Chairman in Kubwa, confirmed the strike, explaining that it was initiated to push for the payment of 60 percent of the minimum wage arrears owed by the area councils.
He also criticized the councils for failing to implement the payment of 40 percent peculiar allowances and the 25 percent and 35 percent salary increments for teachers.
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Comrade Ameh stressed the importance of primary education as the foundation of human development and urged the government to treat the matter seriously.
The union warned that if the government does not respond within seven days, they will escalate the strike by picketing the area council secretariats and organizing protests, with secondary school teachers joining in solidarity. He also noted that the strike would impact Junior Secondary School 1 students, as their results are due for release.
School teachers begin indefinite strike in Abuja
News
Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND
Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND
The Nigerian Education Loan Fund (NELFUND) has announced the resolution of a technical issue that disrupted the BVN (Bank Verification Number) verification process for students applying for loans.
The issue, which began over the weekend and persisted through the public holiday, caused delays for many applicants.
In a statement posted on NELFUND’s official X (formerly Twitter) account on Wednesday, the organization confirmed that the issue had been fully resolved by Tuesday morning. NELFUND advised all affected students to log back into the portal, complete their BVN verification, and proceed with their loan applications.
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“Dear Students,
“We have observed that many of you experienced issues with BVN verification while applying for the student loan over the last weekend, including the public holiday.
“We are pleased to inform you that the issue has been addressed and fully resolved as of yesterday morning.
“We kindly advise all affected students to log back into the portal, complete the BVN verification process, and proceed with your loan application,” the statement read in part.
NELFUND also expressed gratitude to students for their patience during the disruption and reassured them that the application process can now continue smoothly without further issues.
Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND
News
Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends
Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends
Former President, Olusegun Obasanjo, has recounted how the former military Head of State, Gen. Abdulsalami Abubakar (retd), almost shortchanged Nigeria in a lucrative telecommunications deal.
Obasanjo revealed that Abdulsalami almost robbed Nigeria of a $280 million deal during nation’s transition to mobile telecommunications.
Obasanjo said when Nigeria was about to make the switch from landline telephones to mobile phones, some major telecommunication companies approached the country and promised to provide mobile lines for the citizenry, but Abubakar wanted to award the deal to his friends for $3 million.
The former President, however, said he suggested that the contract be made public for investors to bid and the highest bidder was awarded the contract, leading to the $280 million sale.
He made the revelation at the launch of a book titled ‘The Catalyst: Nigerian ICT Evolution through a Journalist’s lens,’ authored by an immediate past Editor of The PUNCH Newspapers, Mr Dayo Oketola, in Lagos.
He also disclosed that he was able to get Etisalat to pay $450 million to get the licence to operate in Nigeria.
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Speaking at the event, Obasanjo said: “The story of telecommunications, particularly mobile telecommunication, is a very interesting one. Before mobile telecommunication, we had spent a lot of money, we had all sorts of companies invited from America, France and even from Britain, but we did not get more than 500,000 lines. People had to queue at the telephone kiosk to call their loved ones abroad. And then, of course, the mobile telephone age came in.
“When it came in, my predecessor in office was trying to give it away, I think, to their friend for $3 million. Then we said, what we would do was to auction it. The three that came in first, I think, paid $280 million for the line. $280 million for something about to be given away for $3 million. That was the first thing we did. Not only that, we achieved competition.
“The three of them were competing. And, of course, the one that had the upper hand in terms of spread, I think, was MTN, followed by Glo. And then, there was Econet. They are now Airtel. And then, of course, later on, we had the fourth one, Etisalat. When Etisalat came, I told them the last one we did was $280 million. We told Etisalat to pay $450 million. They did.
“When they paid $450 million, the ball went in the post and then we were playing. That was how we got money to do what we did at the time we did it. That opportunity can still be made available. The money to develop Nigeria is out there, but that money will not come in unless we create a conducive atmosphere for that money to come in.
“What we did or what Nigeria has done in the good days when things were going well, are still there and can still be done today only if we put ourselves and we are honest to ourselves. We have to show character and attitude.”
Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends
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