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Tinubu, Fashola, Ambode to lose 50% of pension-Lagos Assembly

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Tinubu, Fashola, Ambode to lose 50% of pension-Lagos Assembly

Modupe ASUDO with Agency report

LAGOS-The three former Governors of Lagos State since the return to civil rule in 1999, Senator Bola Tinubu, Mr. Babatunde Fasholaand Mr. Akinwumi Ambode will no longer enjoy a robust pension scheme, as the Lagos State House of Assembly has reduced the pensions of former governors of the state by 50 per cent.

This is a far cry from what the current Governor Mr. Babajide Sanwwo-Olu stated during his budget presentation to the house recently.

The governor had promised to send a draft executive bill for the repeal of the law which provided for payment of pensions and other entitlements to former governors and their deputies.

A former Lagos Governor, Bola Tinubu, was among those who publicly supported the decision.

But a statement on Thursday by the Chief Press Secretary to the Speaker, Eromosele Ebhomele, said the House decide to slash the pensions after the adoption of a report by the House Committee on Establishment.

According to the statement, the report recommended the reduction of pensions for former governors and other affected officials by 50 per cent.

However, the House committee’s report, while expunging the provision of houses in Abuja and Lagos for ex-governors, reduced their salaries by 50 per cent.

The report further showed a reduction in the number of vehicles for former public office holders.

The Speaker of the House, Mudashiru Obasa, was said to have suggested that former governors should get two vehicles (a car and a van) instead of the three recommended by the committee.

He also suggested that the amended bill should provide that the cars be changed every four years, instead of the three years recommended by the report.

While some of the lawmakers at plenary suggested an upward review of the pension for the affected public office holders by 75 per cent, others urged that the pension remain as stipulated in the old law.

However, Obasa argued that it should be left at 50 per cent, especially as the report had recommended the removal of houses and reduced other benefits.

Obasa, who noted the argument of his colleagues that the projected downward review of pensions for former governors and others could also be affected by inflation, said, “The House must meet the wishes of the people, one of which is a cut in the cost of governance.”

 

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Alakija Hails Gov Adeleke

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The Chancellor of Osun State University and Executive Vice Chairman of Famfa Oil Limited, Folorunso Alakija has described Governor Ademola Adeleke as “an action Governor who is delivering good governance to the good people of Osun state”.

She bared her mind, while hosting Gov Adeleke at the Ikoyi headquarters of Famfa Oil Limited.

According to her, she she has been following activities of Gov Adeleke since he assumed office, and commended him for setting a good leadership example.

The billionaire businesswoman on the occasion flanked by two of her directors, Ladi and Folarin Alakija, noted that the Osun State Governor has been demonstrating strong passion for public service and pursuing a big agenda for the state.

She prayed to God Almighty to strengthen the Governor for a second term in office, as in her opinion, four years were not enough for an action governor like Gov Adeleke to deliver fully on his ambitious agenda for the state.

Reviewing her tenure as the Chancellor of the Osun State University, the Famfa boss recalled the conception and stages of completion of the UNIOSUN Medical Research and Training Hospital which she wholly donated and financed.

She pointed out that the project which is 95 percent completed was designed to serve the health needs of patients from far and near and elevate service to humanity to a higher level.

Earlier, Governor Adeleke, accompanied by the Vice Chancellor of the Osun State University, Prof Odunayo Clement Adebooye and other state officials, said he was ‘on a thank you visit to the business mogul to appreciate her huge contributions to the growth and development of the state university’.

Gov Adeleke expressed appreciation for the massive multi-billion naira Medical Research and Training hospital that Apostle Dr Alakija was building at the State university, describing Famfa boss as “a commendable role model in the field of philanthropy.

“We are here as a government to appreciate you. You are uncommon and rare in your love for service to humanity.”

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JUST IN: FG Announces Launch Date For Student Loan Applications

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The Federal Government of Nigeria (FGN) has announced that the portal for student loan applications will officially open on May 24, 2024.

This development is part of the Nigerian Education Loan Fund’s efforts to enhance access to higher education, as stated by the Fund’s media lead, Nasir Ayantogo, on Thursday night.

According to Ayantogo, the launch of the application portal is a significant step in President Bola Tinubu’s commitment to providing accessible and inclusive education for Nigerian students.

This initiative follows the signing of the Access to Higher Education Act, 2023, by President Tinubu on June 12, 2023 which aims to provide interest-free loans to financially disadvantaged students pursuing higher education in Nigeria.

Dele Alake, a member of the former Presidential Strategy Team, noted that this move fulfills one of President Tinubu’s key campaign promises to liberalize funding for education.

The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to handle all loan requests, grants, disbursements, and recoveries.

Initially, the government announced that the scheme would launch in September, but it faced several delays, resulting in an indefinite postponement in early March.

The Presidency attributed the delay to President Tinubu’s directive to expand the scheme to include loans for vocational skills.

Following a briefing from the NELFUND team led by the Minister of State for Education, Dr. Yusuf Sununu, on January 22, President Tinubu instructed the Fund to extend interest-free loans to Nigerian students interested in skill-development programs.

President Tinubu stressed the importance of including those who may not seek university education, noting that skill acquisition is equally as important as earning academic degrees.

He had said, “This is not an exclusive programme. It is catering to all of our young people. Young Nigerians are gifted in different areas.

“This is not only for those who want to be doctors, lawyers, and accountants. It is also for those who aspire to use their skilled and trained hands to build our nation.

“In accordance with this, I have instructed NELFUND to explore all opportunities to inculcate skill-development programmes because not everybody wants to go through a full university education,”

Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

According to the statement, the portal features a user-friendly interface, allowing students to conveniently submit their loan applications.

The statement added, “We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation. Students can access the portal on www.nelf.gov.ng to begin application.”

 

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JUST IN: Tinubu Welcomes Senegal’s Youngest President At Villa

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President Bola Tinubu received Senegal’s newly elected President, Bassirou Faye, at the Aso Rock Villa in Abuja on Thursday.

Faye, who arrived at 3:09 p.m., is making his first official visit to Nigeria since taking office last month.

At 44, he is the youngest president in Senegalese history, having secured a decisive victory in April’s delayed presidential election with over 54% of the vote.

 

 

 

More to follow…….. 

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