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March 14, 2024 Nigeria Opens Land, Air Borders with Niger Republic
IFMNEWS

Nigeria Opens Land, Air Borders with Niger Republic

President Bola Tinubu has directed the re-opening of Nigeria’s land and air borders with the Niger Republic.

He also directed the lifting of other sanctions against the country with immediate effect.

A statement by the president’s spokesperson, Ajuri Ngelale, Tinubu also approved the lifting of financial and economic sanctions against the Republic of Guinea.

President Tinubu’s directive comes days after the ECOWAS Authority of Heads of State and Government lifted economic and travel sanctions on Niger, Mali, Burkina Faso, and Guinea.

Consequently, President Tinubu lifted the sanctions, which include the suspension of all commercial and financial transactions between Nigeria and Niger, as well as a freeze of all service transactions like utility services and electricity to Niger, among others.

March 14, 2024 CBN Allocates N100bn, Two Million Bags Of Fertilizers To Ministry Of Agriculture
IFMNEWS

CBN Allocates N100bn, Two Million Bags Of Fertilizers To Ministry Of Agriculture

The Central Bank of Nigeria has approved the allocation of 2.15 million bags of fertilizers worth over 100 billion Naira to the Federal Ministry of Agriculture and Food Security.

CBN Governor, Olayemi Cardoso disclosed this in a recent visit to Minister of Agriculture and Food Security Abubakar Kyari in Abuja.

The move is in line with the apex bank’s drive to maintain price stability and address inflation.

He asserted that CBN will continue to work hand in hand with ministries, departments, and agencies that bear the mandate and expertise to undertake critical initiatives.

The Minister of Agriculture, Abubakar Kyari, expressed gratitude, noting that fertilizer constitutes the majority of the cost of inputs in any agricultural production.

March 14, 2024 Obi Slams Senate, Says Issues Raised By Ningi Not Addressed
IFMNEWS

Obi Slams Senate, Says Issues Raised By Ningi Not Addressed

The 2023 presidential candidate of the Labour Party, Peter Obi, has said the suspension of Senator Abdul Ningi by the Senate has not addressed vital issues emanating from his allegation.

Obi said the Senate still owes the Nigerian public a clear clarification over the various claims and counterclaims, including those involving the executive arm of government.

The former Anambra State governor also stated that the upper chamber should disclose to Nigerians the exact amounts allocated for constituency projects for appropriate monitoring of implementation by the public.

He made this known in a statement on his X handle in reaction to the three-month suspension of Ningi over his unsubstantiated claims of budget padding.

Obi claimed that fresh allegations have also cropped up over the indiscriminate and unbalanced allocation of constituency projects by the Senate leadership.

He added that the nation must, as a matter of urgency, put a stop to all the wasting of its scarce resources, amid the excruciating hardship in the country.

March 13, 2024 FG Postpones Students Loan Launch Indefinitely
IFMNEWS

FG Postpones Students Loan Launch Indefinitely

The launch of the Nigerian Student Loan Scheme by the Federal Government has been indefinitely postponed. Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund, revealed this during an interview with ARISE NEWS on Tuesday.

The initiative, aimed at providing interest-free loans for higher education to Nigerians, was set in motion when President Bola Tinubu signed a bill in June 2023.

The bill, initially proposed by former Speaker of the House of Representatives, Femi Gbajabiamila, was scheduled to commence between September and October 2023.

However, despite reassurances from Tinubu that the program would kick off in January 2024 after missing the October deadline, the launch has been postponed indefinitely.

The Minister of State for Education, Yusuf Sununu, announced in January that preparations for the program were complete, including the establishment of the Student Loan Scheme website and implementation plans. Furthermore, Tinubu informed leaders of the National Association of Nigerian Students that additional features, such as vocational studies, needed to be incorporated before the program could commence.

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