NEWS
FEC Approves $3.45bn W’Bank Loan For Five Projects
The Federal Executive Council (FEC) has approved the application for a $3.45bn loan to finance five projects.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday in Abuja, told State House correspondents that on the basis of the approval, the FG would proceed to receive the $3.5bn “zero-interest”.
He highlighted that the loan was for a 40-year-tenure with a 10-year moratorium, which means that payments would begin from 2033.
Projects covered by the loan include, the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and a women’s empowerment project.
He said, “Today at the Federal Executive Council, I presented five memos which were gracefully approved by the Council.
“They had to do with concessional and, in many cases, zero-interest financing by the World Bank and the International Development Association, which is the very concessional financing arm.
“The projects that were approved for funding were in the power sector and then the renewable energy sector. There was funding for states for resource mobilisation programmes to help them with the internally-generated revenue efforts.
“There was a project for adolescent girls’ initiative for learning and empowerment. And then finally the fifth financing that was approved was for Women project.”
According to Edun, the girls’ programme, worth $700m would support young girls within secondary school age to equip them with marketable skills in addition to their academic achievements.
“So those were five loans totalling $3.45bn. And as you know, the tenure is all around 40 years, with a moratorium period of around 10 years and interest very low, or in the cases of loans, zero interest. However, some fees would be incurred,” he added.
On his part, Minister of Education, Tahir Mamman, said the girls’ programme, which initially began in seven states, has been expanded to 11 more, bringing the number of states to 18.
“Initially, from seven participating states, we will now have about 11 additional states participating in this project, which will lead to the empowerment of girls between 10 to 20 right across the participating states.
“This is a very major escalation of this programme that is meant to empower our girls, our teachers and the provision for additional schools in the country,” said Mamman.
According to him, the programmes are in line with the President Tinubu administration’s agenda to reduce, “if not eliminate altogether,” the number of out-of-school girls and children generally.
NEWS
Makinde Fires Back at Presidency, Insists on ₦9tn NLNG Dividend Shortfall
Oyo State Governor Seyi Makinde has challenged the Presidency to explain how Nigeria Liquefied Natural Gas (NLNG) dividends were distributed among states and local governments, insisting that a reconciliation exercise identified a shortfall of about ₦9 trillion.
Makinde’s position was contained in a statement issued on Sunday by his Special Adviser on Media, Dr Sulaimon Olanrewaju, in response to the Presidency’s rejection of the governor’s earlier claims over NLNG dividend payments.
RELATED NEWS: JUST IN: Presidency Rejects Makinde’s Claim of ₦250bn NLNG Dividends for Each State
The statement said the Nigeria Governors’ Forum (NGF), with the support of the Federal Government, engaged a consultant to reconcile NLNG dividend payments, adding that the exercise identified approximately ₦9 trillion allegedly due to states and local governments.
“The exercise identified a shortfall of about ₦9 trillion due to states and local governments. The Federal Government accepted the findings,” the statement said.
The governor maintained that the reconciliation report remained in the custody of both the Federal Government and the NGF.
“The report remains in the custody of both the Federal Government and the NGF. We trust the Presidency will not deny its existence,” the statement added.
The statement also noted that Makinde is the incumbent Vice-Chairman of the NGF.
Makinde Questions $21.5bn NLNG Dividend Payments
The governor questioned the Presidency’s statement that NLNG had paid $21.5 billion in dividends into the Federation Account since its inception, including $3 billion received under the current administration.
According to Makinde, the Presidency’s response did not explain how the payments were distributed or establish the amounts received by states and local governments.
“The Presidency stated that NLNG had paid $21.5 billion in dividends into the Federation Account since inception, including $3 billion received under the current administration. But it did not explain how these funds were disbursed,” the statement said.
The governor also questioned whether states and local governments had received their shares, how much they received and the basis for calculating their allocations.
“Have states and local governments received their shares? How much did they receive, and how were those amounts calculated? What happened to the $3 billion received under this administration?” the statement asked.
Makinde defended the figures he had previously cited, maintaining that his claims were based on verifiable information.
“Governor Makinde conducts public discourse with decorum and does not make unfounded claims or quote figures without a basis,” the statement said.
The governor maintained that he was ready to provide further clarification on the matter while urging the Presidency to address the substance of the allegations.
“We remain ready to provide further clarification while we urge the presidency to address the substance of the matter,” the statement added.
Recall that Biztellers had earlier reported the Presidency’s rejection of Makinde’s claim concerning NLNG dividends allegedly withheld from states and local governments.
The Presidency stated that NLNG had paid $21.5 billion in dividends into the Federation Account since its inception, including $3 billion received under the current administration.
However, in his latest response, Makinde argued that disclosing the total amount paid into the Federation Account did not address how the funds were distributed among the different tiers of government.
The governor is now demanding clarification on the distribution of the dividends and the findings of the reconciliation exercise that reportedly identified the ₦9 trillion shortfall.
NEWS
NANS Threatens to Shut Down AE-FUNAI Over School Fees Hike
The National Association of Nigerian Students (NANS) has threatened to shut down Alex Ekwueme Federal University, Ndufu-Alike (AE-FUNAI), Ebonyi State, if the institution’s management fails to reverse the reported increase in school fees.
The association, in a press release dated Sunday, October 18, 2026, described the reported tuition increment as insensitive, unjustifiable and unacceptable, citing the economic difficulties confronting Nigerian students.
The statement was signed by the NANS President, Dist. Comr. Akinteye Babatunde Afeez, GCNS, who warned that the increase could frustrate the academic aspirations of countless students.
SEE MORE: BREAKING: OAUSTECH Student Akinteye Babatunde Elected New NANS National President
“To be clear, education cannot be commercialised. Students cannot be made to pay for the financial challenges confronting our universities,” the statement read.
NANS acknowledged that universities require adequate funding but argued that their managements, particularly vice-chancellors, should explore innovative revenue-generating opportunities rather than impose additional financial burdens on students.
The association maintained that the Federal Government was investing heavily in education to keep students in school and ensure that access to education was not determined by their financial background or status.
NANS Gives University Management Conditions
The student body warned the vice-chancellor and the entire university management against policies capable of pushing students out of school.
It said the national leadership would not stand by while Nigerian students faced additional financial pressure that could threaten their academic futures.
“Going forward, we wish to make it clear to the Vice-Chancellor and the entire University Management that the National Leadership of NANS will not stand by while Nigerian students are subjected to policies capable of pushing them out of school,” the statement said.
NANS subsequently demanded an immediate reversal of the reported tuition increase and called on the university to restore fees to the affordable and reasonable levels that existed before the increment.
The association warned that failure to meet its demand would lead to a mobilisation of its national leadership to the institution.
“To this end, we call on the management of Alex Ekwueme Federal University to immediately reverse the reported tuition increment and return the fees to the affordable and reasonable level that existed before the increment. Otherwise, we will mobilise the National Secretariat of NANS to Alex Ekwueme Federal University and shut down the school until the fee is reversed,” the statement added.
NANS Reaffirms Commitment to Students
The association reiterated its commitment to defending the interests, welfare and aspirations of Nigerian students.
It pledged to continue speaking firmly against policies that place unnecessary and unbearable financial burdens on students.
NANS maintained that students should not be made to bear the financial challenges confronting universities and called on the management of AE-FUNAI to reverse the reported increase.
NEWS
Gov Uba Sani Hands Over Land Titles to Displaced Residents of Nine Kaduna Communities
Kaduna State Governor Uba Sani has handed over land titles to displaced residents of nine communities in Birnin Yero, Igabi Local Government Area, to enable them to rebuild their homes and regain shelter.
The Kaduna State Ministry of Information and Culture disclosed the development on Sunday, October 18, 2026, describing the exercise as an intervention aimed at helping displaced residents rebuild their homes.
According to the ministry, each beneficiary is being allocated a plot of land to support resettlement and provide shelter for affected residents.
SEE ALSO: Kaduna Moves to Clear 5-Year Promotion Backlog for 24,000 Teachers
“ He is officially handing over land titles, giving each person a plot of land to rebuild their homes and regain shelter,” the ministry’s announcement stated.
The ministry also noted that Governor Sani had continued to support displaced communities across Kaduna State since assuming office.
The latest exercise focuses on nine communities in Igabi Local Government Area, with the allocation of land intended to help affected residents rebuild their homes and regain stability.
The development comes amid previous reports concerning land disputes and displacement affecting communities in Kaduna State.
In September 2026, reports indicated that the Kaduna Geographic Information Service (KADGIS) had resolved more than 5,000 land disputes and restored over 150 property titles.
The agency also reported that alternative plots had been provided to some communities affected by previous demolitions.






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