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Nigerians React to N5,000 Federal Government Stipend

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  • Nigerians React to N5,000 Federal Government Stipend

Mixed reactions have continued to trail federal government’s decision to commence the payment of N5000 stipend to one million vulnerable Nigerians across the country.

A cross section of Nigerians who spoke to The Guardian expressed worries over the sincerity of the scheme, adding that the policy might turn out to be another avenue for enriching a few government officials.

“I don’t like the idea of paying N5, 000 stipend to some people. How long will it take before the recipient finishes it? That is not a lasting solution to combating poverty.

“What the federal government needs to do is to create jobs and encourage graduates to be employers of labour by having a mindset to start their own businesses.

“We need enabling environment for Small and Medium Enterprises (SMEs) to thrive. What will N5, 000 buy with this present economy? I can assure it will finish the same day the recipient gets it,” publisher of Luxury Reporter, Funke Osae-Brown said.

But Managing Director of Integrated Indigo Limited, Mr. Bolaji Abimbola, said anybody saying the N5000 is too meagre has never tasted abject poverty before. For him, the fact that one million Nigerians, who hitherto had no hope of any monthly income, would receive N5, 000 is a good poverty alleviation initiative.

“This implies monthly injection of N5billion into the bottom of the pyramid of the economy. Most people criticising this policy should start their own personal corporate social responsibility by helping someone close to them, giving them N5, 000 monthly and see the difference it can make.

“However, the government must ensure that this money only goes to those that need and deserve it,” he said.In his reaction, Nollywood filmmaker, Sani Mu’azu, stressed the need for the federal government to clearly address some obvious grey areas in the scheme.

“Is the N5000 grants or loans? Is the money tied to any conditions? What are the selection criteria? What are the indices considered? “How long is this payment going to last? What are the deliverables expected of those that are going to receive the money? How is the government going to determine when to stop these disbursements? These are questions that we need to ask,” he said.

As against doling out money to some individuals in the name of poverty alleviation, Director of Programmes, Lion FM, Nsukka, Lorenzo Menakaya, urged the government to come up with genuine policies that would enhance the living standards of the poor.“I say genuine because they have made policies in the past that only favoured the elite.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

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University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

University of Ibadan (UI) on Friday announced it is going ahead with resumption on February 20 despite the second wave of COVID-19.

In a statement released by the school, the First Semester of the 2020/2021 academic session will commence virtually on February 20, 2021.

The virtual academic session will last for 13 straight weeks and end on Friday May 12, 2021, while the matriculation ceremony will hold on Tuesday March 16, 2021.

The University of Ibadan also scheduled one week for the Finalization of Continuous Assessment, to begin from Mon. 17 May and ends Friday 21 May.

The rising number of COVID-19 cases has compelled the Senate to approve the virtual academic session in an effort to ensure the tertiary institution abides by the protocols established by the Federal Government to curb the spread of the pandemic.

“It, therefore, agreed that the 2020/2021 First Semester lectures will be delivered online. In this regard, students will not be accommodated on campus,” a statement from the school said.

“Senate also approved the cancellation of the 2019/2020 session. The next session is, therefore, renamed 2020/2021 Academic Session. Consequently, students who have been admitted for the 2019/2020 session will now be regarded as the 2020/2021 intakes.

“Kindly note that online opening of Registration Portal and Orientation Programme for the 2020/2021 intakes may commence ahead of the Sat 20/02/21 date indicated above,” the statement said.

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House of Representatives Impeached Trump Over Capitol Invasion

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House of Representatives Impeached Trump Over Capitol Invasion

The United States House of Representatives on Wednesday impeached President Trump for the second time after instigating the US Capitol invasion.

Led by Speaker of the House, Nancy Pelosi, 232 representatives, including 10 Republicans, voted to impeach the outgoing president against 197 that voted for him to remain in the office for the next six days when he would handover to the president-elect, Joe Biden.

The ten Republicans were Representatives Liz Cheney of Wyoming, the party’s No. 3 leader in the House; Jaime Herrera Beutler of Washington; John Katko of New York; Adam Kinzinger of Illinois; Fred Upton of Michigan; Dan Newhouse of Washington; Peter Meijer of Michigan; Anthony Gonzalez of Ohio; David Valadao of California; and Tom Rice of South Carolina.

Speaking before the vote, Pelosi said “a constitutional remedy that will ensure that the Republic will be safe from this man who is so resolutely determined to tear down the things that we hold dear and that hold us together.”

“He must go. He is a clear and present danger to the nation that we all love,” she said, adding later, “It gives me no pleasure to say this — it breaks my heart.

Republicans, who unanimously stood behind president Trump in 2019 during his first impeachment, were divided this time over the attack on Capitol.

A Republican representative from California, Kevin McCarthy, said “The president bears responsibility for Wednesday’s attack on Congress by mob rioters,” Mr. McCarthy said. “He should have immediately denounced the mob when he saw what was unfolding.”

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US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

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Joe Biden Economic Impliccations on Nigeria

US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

The joint congress of the United States on Thursday, January 7, 2021 certified Joe Biden as the 46th President of the United States following President Trump’s mob action that disrupted the congress joint proceeding on Wednesday.

After ordering his followers to disrupt proceedings on Wednesday, President Trump later announced that there will be an orderly transition on January 20.

Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th,” Trump said in a statement issued by White House Deputy Chief of Staff Dan Scavino.

“I have always said we would continue our fight to ensure that only legal votes were counted. While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!” Trump added.

While the certification was just a mere formality as Biden had secured enough electoral college votes (270) required to clinch the world’s most powerful seat, the refusal of Donald Trump to accept the results of the November 2020 election made the session a keenly watched, especially after Trump mob disrupted a joint session of the Senate.

Also read Facebook, Twitter, Instagram Lock President Trump Out of Their Platforms Following Insurrection

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