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World Bank loan to be used to pay N8,000 to 12 million families for six months, says Tinubu

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President Bola Tinubu has indicated that his administration will pay N8,000 to 12 million Nigerian families for six months to cushion the effects of petrol subsidy removal.

Tinubu had announced the removal of subsidy on petroleum products during his inaugural presidential on May 29 causing the prices of petroleum products to jump over 200% and an increase in food prices and transportation.

Amid threats by labour unions to down tools over the rising cost of living, Tinubu maintained that the government has plans to address citizen’s needs.

On Thursday, Tinubu wrote to the Senate seeking the approval of the Senate for $8OO million palliative loan from the World Bank.

“You may also wish to know that the purpose of the facility is to expand coverage of shock-responsive safety net supports for all and vulnerable Nigerians and the cost of meeting basic needs,” Tinubu said in a letter to the Senate.

Tinubu explained that “under the conditional cash transfer window of the programme, the federal government of Nigeria will transfer the sum of 8000 a month to 12 million poor and low-income households for a period of six months with a multiplying effect on about 60 million individuals.”

The World Bank facility, Tinubu said, would be utilised to scale up the National Social Safety Net Programme.

“In order to guarantee the credibility of the process, digital transfers will be made directly to beneficiaries accounts and mobile wallets,” Tinubu said.

“It is expected that the programme will stimulate economic activities in the informal sector and improve nutrition, health, and education outcomes for beneficial households.

“Giving the above, I wish to invite the senate to kindly grant approvals for additional loan facilities USD800milliom to be secured from world bank for the national social safety net programme.”

Tinubu on Wednesday asked the House of Representatives to amend the 2022 Supplementary Appropriations Act to provide N500 billion to fund palliative measures against the impact of fuel subsidy removal.

Tinubu is seeking to extract N500 billion from the N819,536,937,813 supplementary budget.

Former President Muhammadu Buhari introduced the supplementary budget in 2022 for capital projects due to the impact of the floods on farmlands and road infrastructure.

The life span of the budget has since been extended till 31 December.

“Thus, the sum of N500 billion has been extracted from the 2022 supplementary budget of N819 billion for the provision of palliative. I hope the House will consider this request expeditiously,” Tinubu said.

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Empowerment

Again, Obi doles out N60m to educational institutions in Anambra

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***Canvasses for health, education as keys to poverty eradication

Former presidential candidate of the Labour Party in the 2023 General elections Peter Obi, has again donated N60 million to two educational institutions in Anambra State.
The effort is to strengthen health and education sectors he considers essential for lifting people out of poverty.
During a visit on Monday, Obi presented N50 million to Peter University in Achina and later donated N10 million to the College of Nursing Sciences in Adazi Nnukwu.
Just on Thursday last week Obi had donated N60m to support local institutions; N50m to the University on the Niger (UNINIGER) in Umunya, the university’s Iyi-Enu campus, to aid its expansion and infrastructure goals.
He also visited the School of Nursing at Iyienu Mission Hospital in Ogidi, where he contributed an additional N10 million to support healthcare training.
Writing on his X-handle on Monday, Obi expressed that the contributions align with his longstanding commitment to fostering a productive Nigeria. “Health and education are the cornerstones of development,” Obi remarked.
“A nation cannot progress without a healthy and educated workforce.” He highlighted the importance of prioritizing the future of Nigeria’s youth, given the country’s predominantly young population.

The donations are part of Obi’s broader vision of building a “New Nigeria” by investing in critical sectors that address poverty and improve citizens’ quality of life. He emphasized that such investments are crucial for creating a nation where citizens can contribute productively to economic growth and development.

Obi also extended gratitude to the proprietors, management, staff, and students of both institutions, commending their dedication to the fields of health and education.
His message of hope and commitment concluded with a reaffirmation of his belief that a “New and Productive Nigeria is Possible.”

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Empowerment

Reps member Launches ICT Hub in Ibadan to Promote Digital Literacy

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Chairman of the House of Representatives Committee on Digital, Information Communication Technology, and Cybersecurity, Hon. Adedeji Dhikrullahi Olajide, has inaugurated a cutting-edge ICT Hub at Oba Abass Aleshinloye Secondary School in Eleyele, Ibadan. This development, in collaboration with the National Information Technology Development Agency (NITDA), aims to boost digital literacy and broaden educational opportunities for students in the area.

The ICT Hub, equipped with modern computers, high-speed internet, and essential software, reflects Hon. Olajide’s vision of a tech-driven Nigeria. Tolu Mustapha, Special Adviser on Media and Public Affairs, highlighted that the facility aligns with the Oyo State Government’s commitment to improving technological access and educational quality, especially within the Ibadan North West/Ibadan South West Federal Constituency.

“This ICT Hub isn’t just about infrastructure; it’s a doorway to new possibilities,” Mustapha stated. “It’s designed to equip our youths with the skills they need to excel in a tech-centric future, fostering a self-sustaining and innovative socio-economic environment.”

The hub will primarily serve students at Oba Abass Aleshinloye Secondary School but is open to neighboring schools, encouraging a collaborative learning environment.
Workshops and training sessions are also planned to maximize the hub’s benefits for students and teachers alike.

By establishing the ICT Hub, Hon. Olajide fulfills a campaign promise and contributes to Nigeria’s journey toward a technology-driven economy. This project, he emphasized, is part of an effort to prepare Nigerian youth for success in a global digital landscape.

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Empowerment

Businessman empowers 50 youths, women with strategic business training in Gombe

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By Friday Idachaba

A Businessman, Muhammad Sani Abdullahi (Majin Dukku), has sponsored 50 youths and women in strategic business training and empowerment on Agricultural value chain in Livestock, in Dukku Local Government of Gombe State.

Addressing newsmen at the end of the three-day programme which was held at Mohammad Inuwa Yahaya Hall, Dukku, Muhammad Sani Abdullahi said that the beneficiaries were carefully selected from Dukku town and its environs.

He said that the three-day programme was organized by the Federal Ministry of Agriculture and Food Security and National Animal Production Research Institute (NAPRI) Zaria in collaboration with AMRAH Farms Nigeria Limited.

The traditional title holder of Majin-Dukku expressed satisfaction with the success of the training programme and charged the participants to put the knowledge acquired into proper use in order to have stable and viable sources of livelihood.

In his remarks, the Community representative, Hon. Abdulkadir Abubakar Alkali, urged the participants to take advantage of the training in finding their way into businesses capable of improving their standard of living.

Hon. Abdulkadir also urged the beneficiaries to make judicious use of the items of empowerment given them as he assured that more empowerment programmes were on the way for the good Dukku people.

Earlier in his address, Dr Ayinla John, representative of the Federal Ministry of Agriculture and NAPRI, commended the facilitator for his support and developmental efforts in the community.

He urged the beneficiaries to use the opportunity accorded them to improve their livelihood and wellbeing.

In his remarks, Alhamdullilah Bello A. Tahir, Director, AMRAH Farms Nig. Ltd, represented by Mallam Suberu Ahmed Tijani, urged the beneficiaries to make use of the training programme to develop themselves and become self-reliant.

He expressed optimism that the skills acquired would improve their standard of living as he appealed to the beneficiaries to grow day-old chicks rather than sell them off for quick money as some individuals do.

Responding on behalf of the beneficiaries, the Class Governor, Bappah Ladan and his Deputy Umukulsum Abubakar thanked the Facilitator and expressed their gratitude.

They attested to the fact that the training exposed them to new ways of enhancing their businesses and appealed to other well-meaning individuals in the society to emulate the Majin-Dukku to initiate laudable projects that make direct impact on the society.

At the end of the training programme, each participant was given a Carton of day old chicks (50), 50 kg feeds, drinkers, feeders, drugs, medication and cash support. (Ends)

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