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ASUU Student Loan Not Feasible

ASUU Student Loan not Feasible
President Bola Tinubu recently signed the Student Loan Act, although several influential members of the Academic Staff Union of Universities (ASUU) do not support it.
Some of this tertiary education personnel believe that student loans are impossible to obtain in Nigeria.
Gbolahan Bolarin, ASUU chairperson of the Federal University of Technology, Minnesota chapter, condemned the student loan bill signed into law by the president.
Bolarin, in his statement, disclosed that the law is not feasible as the peculiarities of Nigeria were not considered before signing the bill into law.
The ASUU chapter leader maintained that the problem with the country is that the leadership wants to replicate what they see in some other countries without giving any consideration to what is obtainable in Nigeria.
“The problem in Nigeria is that we copy policies from other countries and want to replicate them in our country without considering the situation here. Where are the jobs in Nigeria?
There are graduates from over 20 years ago who are still jobless. Now the thing about this scheme is that as you repay, another person gets access to the loan,” he said.
The lecturer expressed worries that it may be difficult for students who obtain the loan to pay it back due to the high unemployment rate in the country and the awful remuneration.
The FUTMinna union leader explained that ASUU stood against the bill from its commencement because the scheme is neither feasible nor sustainable and therefore dead on arrival.
“Now that the scheme will provide N1 million per year, suppose a student comes to FUTMinna and stays for five years. That means you will receive N5 million; what is the guarantee that you will get a job to pay it back? As of today, the minimum wage is N30,000. Is it feasible?
From the beginning, ASUU fought against it because of these issues. There are no two ways about it: this scheme is not going to be sustainable.
You can see universities hiking fees; more universities will do this because governing councils of schools are looking for ways to fund schools; before you know it, the level of enrolment in public universities will be reduced,” he noted.
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Just In! Sam Larry In Police Custody Over Mohbad’s Death

In a surprise development, Naijanewsngr reports that socialite Sam Larry is under police custody in connection with the tragic death of artist Mohbad.
The Lagos Police Command confirmed the arrest and reported Sam Larry’s cooperation with their investigation.
The circumstances surrounding Mohbad’s death remain unclear, causing a stir in the entertainment world. Updates are eagerly awaited as authorities continue their inquiry.
Stay tuned for more details as the investigation progresses.
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Govt, Labour Congress meeting ends in deadlock.

Govt, Labour Congress meeting ends in deadlock.
Details of the meeting between the Federal Government and the Nigeria Labour Congress (NLC) have emerged.
The meeting ended in a deadlock on Monday.
The Minister of Labour and Employment, Simon Lalong, called the meeting, which failed to address any of the issues raised by the Union.
However, the minister expressed optimism that the issues raised by the Nigerian workers would be addressed.
He said the FG would resolve the issues before the deadline.
“We must also recognize the economic realities that confront us.
“As we address the concerns of our workforce, we must be mindful of striking a balance that promotes economic growth and secures sustainable progress for our nation.
“Today, I call upon each one of you to join hands in an open-minded and constructive dialogue, enabling us to bridge any gaps that may exist between the interests of workers and the ultimate goal of driving economic advancement,” he said.
NLC President Ajaero said: “In the ultimatum we gave and in the NEC resolution, the issue of NURTW was clearly stated, and at the time, the issue had not degenerated the way it is now. That was why we had to bring it along.
“On the other issues, you can see that there was no agreement on any; there is no CNG anywhere, and refineries are not working, nor gas.
“Nothing has been done on the issue of wage awards, cash transfers, or the ASUU issues. However, we believe that between now and the next few days, when the ultimatum expires, something will happen.”
Ajaero said there was no going back on the planned indefinite strike if no progress was made before the expiration of the union’s ultimatum.
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Breaking News: Dramatic Rescue as Fire Engulfs Lekki Shanty

In a heart-wrenching incident that unfolded earlier today, a shanty settlement in the upscale area of Lekki, Lagos, was engulfed in flames, leaving residents scrambling for safety and hope.
The fire, a relentless force of destruction, threatened to consume everything in its path, but amidst the chaos and despair, two lives were miraculously saved.
The Lekki shanty, like many informal settlements around the world, was a tightly-knit community where people, despite facing severe economic hardships, found a sense of belonging and resilience. However, this morning, their lives took an abrupt turn as plumes of thick, acrid smoke filled the sky, darkening the once-vibrant neighborhood.
The response from local authorities and good Samaritans was swift. Firefighters from the Lagos State Fire Service rushed to the scene, battling against the raging inferno.
Their courage and determination were on full display as they fought valiantly to contain the blaze and prevent it from spreading further.
As they worked tirelessly, the streets echoed with the panicked cries and prayers of those who had lost everything.
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Amidst the chaos, the heroism of two individuals shone brightly. Mr. Ade, a middle-aged resident of the shanty, emerged as a true savior.
Risking his own life, he braved the flames to rescue his neighbors trapped in their burning homes. With unwavering resolve, he helped carry an elderly woman and a young child to safety, earning the gratitude and admiration of the entire community.
The rescued woman, Mrs. Okonkwo, spoke tearfully of her harrowing experience. She expressed her gratitude to Mr. Ade and the firefighters who had come to their rescue. Her story serves as a poignant reminder of the strength and resilience of ordinary people in the face of adversity.
As the hours passed, the firefighters’ efforts finally paid off, and the flames were brought under control. While the shanty had suffered extensive damage, the worst had been averted.
Thanks to the rapid response of the authorities and the bravery of Mr. Ade, the community had not suffered any casualties, save for the trauma of witnessing their homes reduced to ashes.
The aftermath of this devastating fire serves as a sobering reminder of the vulnerabilities faced by informal settlements and marginalized communities. It underscores the urgent need for improved safety measures and infrastructure in such areas to prevent such disasters in the future.
In the midst of tragedy, the resilience and heroism displayed by the residents of the Lekki shanty, as well as the valiant efforts of the firefighters, provide a glimmer of hope.
It is a testament to the strength of the human spirit and the power of unity in the face of adversity.
While the road to recovery will be long and challenging, the Lekki community will undoubtedly emerge stronger, their bonds forged even tighter in the crucible of this fiery trial.
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