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ECOWAS Leaders Ponder Soft-landing For Burkina Faso, Guinea, Niger, Mali

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Heads of State of the Economic Community of West African States (ECOWAS) are in a meeting in Abuja, to carve out a diplomatic resolution to the Burkina Faso, Niger Republic and Mali exit threat.

The 15-member country sub-regional body found itself faced with military interventions in the three francophone countries in quick succession and threatened them to restore democracy or face military action.

However, the countries snubbed the threats and reacted by severing relations with the ECOWAS.

It was gathered that Heads of State summoned an Extraordinary Summit on the Political, Peace, and security situation in the region, contemplating alternatives to the sanctions dangled on the military-ruled member-states of Burkina Faso, Guinea, Mali, and Niger.

Nigeria’s President Bola Tinubu, who chairs the ECOWAS Authority of Heads of State is being confronted with threat of mass revolt, which induced by economic hardship.

Recall that following failure of diplomatic shuttles to coerce the military in the four countries to retreat to the barracks and hand power back to civilians, the military leaders in Burkina-Faso, Mali and Niger, made public their withdrawal from ECOWAS over what they dubbed “illegal sanctions” in January.

Their action was based on protecting their respective national interests with allegations that the ECOWAS had fallen under the influence of foreign governments whose interests were anti-Africa.

Recall that in July 2023, the ECOWAS approved the “Suspension of all commercial and financial transactions between ECOWAS Member States and Niger. Freeze all service transactions, including energy transactions.”

Consequently, it froze assets of the Niger Republic in Aqua Central Bank, the state enterprises and parastatals in commercial banks.

Similar actions were also taken against Mali and Burkina-Faso who were also under military rule.

In a decisive move, the three francophone countries ignored ECOWAS’ rules that a withdrawing member state should issue one year’s notice, and declared their secession immediate.

Biztellers reports that this marked the first state withdrawal from ECOWAS since Mauritania took a similar step in December 2000.

Ministers from Burkina Faso, Mali and Niger Republic announced plans to establish a confederation on February 15.

The meeting in Abuja, Nigeria’s capital city is holding, even as ECOWAS maintains the official position that the three countries have yet to formally withdraw from the sub-regional body.

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LSFRS, NNPC Ltd Sing Discordant Tunes Over Lagos Depot Fire

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A tank farm in the Apapa area of Lagos State went up in flames in the early hours of Friday.

A viral video of the sad incident, now making the rounds on social media platforms indicates that it is the property of the Nigerian National Petroleum Company Limited (NNPC Ltd).

The video was being traced to the Lagos State Fire and Rescue Service (LSFRS).

However, the NNPC Ltd has denied that none of its facilities in the location was affected, it posited that the fire incident, from a pipeline, affected a farm tank belonging to Honeywell Oil and Gas.

Director, Public Affairs, LSFRS, Amodu Shakiru, has confirmed the incident, and that firefighting operations were ongoing as at the time of going to press.

Shakira said, “Yes, we just received a call from that area and the call came in at 11:27am.

“The Lagos State Fire and Rescue Service is attending to a fire outbreak at the new NNPC Terminal, formerly OVH, Kayode Street, Marine Beach, Apapa.

“The fire resulted from a spillage of petroleum products within the perimeter of the tank farm”.

In the same vein, Director and Chief Executive Officer, LSFRS, Margaret Adeseye, said concerted efforts with various emergency responders within the oil and gas industry were being made to contain the situation.

“The public is hereby assured that the emergency operations are under control from escalating further,” Adeseye stated.

However, the Punch cited Spokesperson, NNPC Ltd, Olufemi Soneye, as saying that the fire was not from the company’s depot but from HOGL.

“It is not at the NNPC, but at HOGL. The fire is at a pipeline at HOGL. The fire has since been extinguished. It’s at the Honeywell depot but it has now been extinguished. Not NNPC,” Soneye said.

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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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