NEWS
Things To Know About New Student Loan Act
In what could be considered a fulfilment of one of his electioneering promises, President Bola Tinubu, on Monday, 12th May, signed into law the student loan bill.
The bill provides financially disadvantaged Nigerian students access to interest-free loans during their education.
Sponsored by Femi Gbajabiamila, the former Speaker of the House of Representatives and the incoming chief of staff to the president, the bill is specifically for students in the universities, polytechnics, and colleges of education owned by the federal or state governments.
In November 2022, the National Assembly passed the bill, but for an unknown reason, the former President Muhammadu Buhari did not sign it into law.
While many have applauded the idea, others have expressed doubts about the efficacy of the bill in solving the problems in the country’s education sector.
Lecturers have condemned certain provisions of the new law, some saying the loan repayment mode is not feasible.
In any case, the new law is now expected to be a factor in the education system of the country. However, many are still not sure of its application, how to access the loan, the repayment methods and other guidelines.
Here are key things to know about the controversial bill:
1. It provides for the establishment of the Nigerian Education Bank, a financial institution specifically designed to grant loans to indigent students and recover them at a zero-interest rate.
The bank, according to the provisions of the bill, will source its funds from education bonds, education endowment funds, and steady one percent of national tax derivations from the Federal Inland Revenue Services (FIRS), the Nigerian Immigration Service and the Nigerian Customs Service (NCS).
Another funding source is one percent of the profit accruing from oil and minerals.
The regulatory institution will monitor the academic progression of the loan beneficiary, according to the provisions of the bill.
Not limited to this, for the purpose of ensuring repayment of a loan, the bank will monitor the beneficiary’s progression into the labour market.
2. Repayment of loans starts two years upon the completion of the beneficiary’s National Youth Service (NYSC). It will be through a direct deduction of 10 percent from the beneficiary’s salary, the bill states.
3. The bill provides that a professor and retired vice chancellor, over many other governing board members, would chair the education bank.
4. Part of the conditions and requirements the bill set out is that the loan can only be for the payment of tuition. Willing students would send a loan application to the bank through their respective institutions, but no application will be deemed successful without meeting the conditions highlighted in the bill.
One of the conditions is that an applicant must be from a family whose per annum income is less than N500,000. In addition to this, such applicant must be able to provide two guarantors.
5. The bill also gives grounds for the forfeiture of a student’s chance of being considered for the loan.
Students who have previously defaulted in the repayment of the loan or have been found guilty of examination malpractice by any school would be turned down.
The bill also exempts ex-drug convicts from accessing the loan, same with anyone convicted for felony, dishonesty and other related offences.
It also excludes any applicant whose parents have defaulted in the repayment of any loan. The bill stipulates a fine of N500,000, two-year imprisonment or both for any defaulter upon conviction.
On Wednesday, the federal government, through Andrew David Adejo, the Ministry of Education’s permanent secretary, said the loan facility would commence in September/October 2023.
“The president has also directed that by September to October this 2023/2024 academic session, he wants to see recipients of these loans. So, it is a very serious march for us. So, between now and then, we have to figure out the process for people to get the loan,” Adejo told journalists in Abuja on Wednesday.
NEWS
Why Ebola Outbreaks Keep Returning to Africa, Dr Jean Kaseya Explains
The Director-General of the Africa Centres for Disease Control and Prevention (Africa CDC), Dr Jean Kaseya, has explained why Ebola outbreaks continue to occur in Africa, citing the need for stronger health systems and surveillance mechanisms to prevent and control the spread of infectious diseases.
Kaseya spoke during an interview on Channels Television on Thursday, October 22, while discussing recurring Ebola outbreaks on the continent and the challenges facing public health authorities.
SEE ALSO: JUST IN: Over 3,000 Dead as Ebola Outbreak Ravages DR Congo
He explained that some outbreaks originate from animals and spread to humans through contact with the environment, stressing that effective surveillance and stronger healthcare systems were necessary to address the threat.
“We are in Africa in a specific environment. And as you are saying, this outbreak is coming also from animals to humans. It means we are in contact with our environment,” he said.
“But we can avoid that if we have a strong health system in place, if we have strong surveillance mechanisms in place. And this is what we are working to address.”
The Africa CDC chief also announced plans to convene African health ministers on October 28 to discuss the Ebola Bundibugyo outbreak, which he described as the most geographically widespread outbreak of its kind.
According to Kaseya, three African regions—West, Central and East Africa—have been affected, making coordinated action among countries increasingly important.
“This is why I’m calling even a meeting on the 28th of October of all African ministers, because we see now this outbreak — this Ebola Bundibugyo outbreak — is the most geographically extended outbreak, with three regions in Africa already affected: West, Central and Eastern African regions,” he said.
He also expressed confidence in Africa’s preparedness to respond to public health emergencies, while emphasising the importance of strengthening existing systems to contain outbreaks.
Africa CDC Seeks Cooperation Over Nigeria’s Reported Ebola Case
Kaseya further called for cooperation among Nigeria, Uganda and the Democratic Republic of the Congo (DRC) to clarify the travel history of a woman linked to Nigeria’s reported Ebola case.
He said he had been communicating with health authorities in the three countries to establish the woman’s movements before she returned to Abuja on October 3.
According to him, the woman was born in Uganda and had spent some time there before returning to Nigeria. However, further information was needed to establish whether she had travelled through the DRC or had contact with anyone arriving from the country.
“We are talking to all authorities—with Nigerian authorities, with Ugandan authorities, even to DRC authorities,” Kaseya said.
He urged the woman to provide the relevant information to health officials, noting that it would help authorities determine the circumstances surrounding the case and support the countries involved.
“What we want is collaboration from this person, the lady. She has to tell us, to disclose to the authorities. I need this information, as Nigeria needs this information, because we need also to support Uganda,” he said.
Kaseya added that establishing the woman’s travel history and possible contacts would help prevent misunderstandings between the African countries.
“I think these are the pieces of information we are looking for, and it will help all of us, and it will avoid crisis between African countries,” he added.
NEWS
Grains-Laden Truck Falls on BRT Lane in Lagos
A truck carrying grains fell on its side after crashing into a road median at Itowolo, along the Ikorodu axis of Lagos State, early Thursday, occupying the entire Bus Rapid Transit (BRT) lane.
The incident occurred at about 5 a.m. along the route inward Agric and towards Ogolonto, according to the Lagos State Traffic Management Authority (LASTMA), which disclosed the development on Thursday.
SEE ALSO: Lagos: LASTMA Announces Traffic Restrictions Along Route to Toll Gate
The agency identified the vehicle as a white 10-tyre mini truck and confirmed that no casualties were recorded in the accident.
LASTMA said its officers were at the scene managing the situation, while recovery of the fallen vehicle was expected to commence shortly.
Despite the truck occupying the entire BRT lane, the agency said the incident was not affecting traffic flow at the time of its update.
The authority shared the information to alert motorists to the incident and its ongoing response at the scene.
NEWS
Ogun Police Chief Urges POWA to Turn Skills Centre into Industrial Hub
The Commissioner of Police in Ogun State, Bode Ojajuni, has urged the Police Officers’ Wives Association (POWA) to transform its skills acquisition centre in Abeokuta into an industrial hub to promote job creation, entrepreneurship and women’s empowerment.
According to a statement signed by the Police Public Relations Officer, DSP Oluseyi B. Babas eyi, on Thursday, Ojajuni made the call on Monday when he led members of the Ogun State Police Command’s Management Team on an inspection visit to the POWA Skills Acquisition Centre at the Command Headquarters, Eleweran, Abeokuta.
SEE ALSO: Wife Dies in Ogun House Fire as Police Take 56-Year-Old Husband Into Custody
During the visit, the POWA Acting Chairperson, Bolanle Adeoye, and members of the association’s executive received the commissioner and conducted him around the facility, including its photography and make-up studios.
The centre is designed to equip POWA members and members of the public with practical vocational skills, promote entrepreneurship and create sustainable livelihood opportunities, particularly for women and young people.
Ojajuni charged POWA to leverage partnerships with government agencies, private sector organisations, manufacturers, vocational institutions and development partners to transform the facility into a thriving industrial hub.
He emphasised that the centre’s vision should go beyond skills acquisition to include enterprise development, productive ventures and employment generation.
According to the statement, the commissioner stressed the need for the initiative to create opportunities for beneficiaries to become self-reliant and contribute meaningfully to economic growth.
Ojajuni also highlighted the relationship between economic empowerment and crime prevention, noting that sustainable livelihoods could help address socio-economic factors associated with criminal activity.
He stressed that the centre could contribute to public safety through crime-prevention awareness, constructive community engagement and opportunities that encourage women and young people to pursue legitimate and productive ventures.
Commending Adeoye and the POWA Ogun State executive for their commitment to human capital development, the commissioner pledged the command’s support for the centre.
He reaffirmed the command’s readiness to encourage strategic collaboration and partnerships that would advance the facility’s development, expand its reach and strengthen its contribution to empowerment and community safety.
The Ogun State Police Command reiterated its commitment to supporting initiatives that promote productive engagement, strengthen community resilience and advance public safety across the state.





