I Know Nigerians Are Suffering – Tinubu
Photo Credit: Daily Trust)
President Bola Ahmed Tinubu says he understands the hardship brought abut by the removal of fuel subsidy, assuring that the decision was in the best interest of the country, especially in guaranteeing future prosperity.
Tinubu, who received 18 governors who served with him, Class of 1999, at the Presidential Villa, appealed for more patience from Nigerians.
He assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out.
Tinubu said the government will increase effort, speed up the process and ensure a full-proof social security structure that will not be compromised, especially in cash-transfer.
Photo Credit: Google
Only 2070 Students In Primary School – Governor Kefas
Photo Credit: Channels Television)
The governor stated this on Thursday, while noting that it is the government’s responsibility to ensure that children get good education, Governor Kefas said it is sad that only few pupils are in school in the state.
He noted that many families do not have anyone in school while many children have no parents to fund their academic pursuits.
When asked if he has been able to run the numbers and would be able to deliver on his promise to students, looking at the state’s income and the intervention he has proposed, the governor said he thinks the administration can comfortably bear the burden.
He said at the moment, there are several assessments and interactions going on, most of which are geared towards getting new sources of funding to foot the bills of the children and students who the government have promised to train.
Stop $5bn annual freight to foreigners, LCCI tells FG
Photo Credit: Punch Newspapers)
The Lagos Chamber of Commerce and Industry has urged the President, Bola Tinubu, to stop the revenue leakage of more than $5bn paid annually as freight to foreign shipowners.
LCCI in a position paper on current matters of national economic developments signed by its president, Dr Michael Olawale-Cole, said the move would help to address revenue leakages.
The LCCI also frowned at the recent bid by the Federal Government to merge the Nigerian Maritime Administration and Safety Agency, Federal Inland Revenue Service, and Nigeria Customs Services into the Nigerian Revenue Services.
Olawale-Cole advised the government to ensure that implementing the proposed merger did not impede the ease of doing business.
Senate Relaunches Probe Into N483bn MSME Loan
Photo Credit: Daily Trust)
The Senate has set up an ad hoc committee to investigate the alleged uneven disbursement of N483 billion loan to the Medium and Small-Scale Enterprises (MSMEs) in the six geo-political zones by the Development Bank of Nigeria (DBN) in 2021.
This followed a motion by Senator Mohammed Ali Ndume (APC, Borno) and co-sponsored by 64 others during Wednesday’s plenary.
The seven-man panel chaired by Dave Umahi has Babangida Oseni, Ali Ndume, Banigo Ipalibo, Sani Musa, Chizoba Chukwu, and Adetokunbo Abiru as members.
The 9th Senate had set up an ad-hoc panel to investigate the claim that the South-West, especially Lagos State, had the largest number of loan beneficiaries.
The DBN officials then told the panel that they adhered strictly to the criteria set up by their regulators and not geopolitical considerations in giving out loans.
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