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Adeleke Bags Award, As Osun Tops NELFUND’s Process

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Osun State Governor, Senator Ademola Adeleke has received an award of excellence from the Nigeria Education Loans Fund (NELFUND) for propelling achievement of first position by the state in the nationwide enrolment of beneficiary states by NELFUND.

According to a government statement obtained by Biztellers, the award was presented to Gov Adeleke on Tuesday at Osogbo, by the Managing Director of NELFUND, Akintunde Sawyer.

Sawyer revealed that Osun came first in terms of responsiveness and filling of requisite institutional and students’ data among the 36 States of the federation.

He lauded Gov Adeleke for embracing the vision of President Bola Ahmed Tinubu on the loan scheme, asserting that the Osun Governor represented an enviable model in sectoral push for good governance.

On the significance of the education loan fund, Sawyer said that the targeted beneficiaries were indigent students, noting that the critical step to reaching each student was credible data gathering on which he said Osun was leading other states.

On his part, Gov Adeleke expressed appreciation to the NELFUND management for the award and to President Tinubu for activating the initiative.

ALSO READ: Osun State Fingers Oyetola’s Era For Education System Decay

The Governor stated, “I thank you for your kind words. We express our appreciation to President Bola Ahmed Tinubu for creating this Funding initiative as a response to the many challenges facing our student population.

“We commend the President for demonstrating strong political will by fast tracking not only the establishment of the Fund but its effective take off.

“For us as a state, we have a responsibility to productively partner with the Federal Government for the benefit of our people. When it comes to bringing dividends of democracy to our people, we are blind to partisan politics. Our focus is the improvement of the lives of our people irrespective of where it is coming from.

“As a government, we see the Fund as a veritable platform to provide a lifeline for many indigents students in our various schools. The initiative promises to remove the pain and hardship experienced by many brilliant students in the area of funding. Again, we are elated by the prospects and opportunities for our students, hence our launching into the programme with all machinery of government.

“We are glad our efforts paid off with the enrolment of many Osun state owned schools in the programme. It is gratifying to hear that Osun took the lead among a comity of states in the selection and compliance process. Our next plan is to follow up by further deepening the preparedness of the selected schools for accessing opportunities available within the fund.

“Our gratitude also goes to the management of NELFUND for making the take off so efficient and for the fairness manifested during the selection process. We have strong faith in the capacity of the Fund to continue on the path of openness and equity”, the State Governor posited further.”

He, however, urged the NELFUND management to ensure there is no debt trap in the running of the student loan system.

NEWS

Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation

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The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.

In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’

ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.

He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.

Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.

“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.

“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from

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NEWS

N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden

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Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.

In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.

READ ALSO: CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools

He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.

The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.

“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.

He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.

“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.

Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.

“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said

He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.

“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”

Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.

He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.

“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.

Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.

“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.

He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.

 

 

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International News

ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others

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The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.

In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”

READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt  Chairman By Police

The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.

Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.

The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.

With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.

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