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Big Brother Naija 2020 Winner is Laycon

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Olamilekan Agbeleshe, popularly known as Laycon, has emerged  Big Brother Naija 2020 winner following record-shattering votes he received from millions of fans across Nigeria and Africa.

As widely expected, Olamilekan Agbeleshe, popularly known as Laycon, has emerged  Big Brother Naija 2020 winner following record-shattering votes he received from millions of fans across Nigeria and Africa.

Laycon, 26, made it to the grand finale with four other contestants, Dorathy, Neo, Vee and Nengi.

On September 27, 2020, Vee, a London born and raised Nigerian, was the first to be evicted followed by her partner, Neo.

This was followed by Nengi, the beautiful model that was romantically involved with Ozo, another housemate that was evicted two weeks to the finale.

Dorathy, as earlier predicted by Investors King Ltd, was the last contestant to drag it out with viewers’ favourite, Laycon.

While Laycon, a graduate of the University of Lagos and rapper, has mesmerized Nigerians with his intelligence and calmness, Dorathy, on the other hand, has used her calmness and perceived relatable personality to win seizable number of Nigerians over, even though a small number of people thinks she was not real throughout her stay in the house. She continues to win many Nigerians over.

According to Dorathy, she participated in the reality TV show to build her brand and sell her products.

However, Laycon participated to sell his music and also further his career as an entertainer.

While in the Big Brother House, Laycon got involved with Erica, another housemate that was eventually disqualified due to altercation with Laycon and several other issues. Laycon, later became a close friend with Vee who stood by him and helped him overcame emotional trauma that almost halted his journey to the finale.

To know more about Laycon read his biography, career and health issue here.

Laycon has been leading the entire voting chart of the show since day one and at some point, he had over 51 percent of the entire votes.

Since he entered Big Brother’s house, Laycon has built his fan base from slightly above 3000 to over 1.4 million on Instagram while across social media he has over 2 million fans that passionately voted for him throughout his stay in the house.

Raised by a police father, who sadly died of cancer, according to the news flying around on social media. Laycon, a discipline and principle young man, holds no grudges.

Laycon was officially declared as the winner of 2020 big brother Naija on Sunday, September 27, 2020 after receiving 60 percent of the entire votes.

Dorathy received 21.5 percent, while Nengi received 15.03 percent, Neo 1.94 percent and Vee got 1.18 percent.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Travel

High Altitude, Higher Prices: Domestic Airfares Jump 150%

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Nigerian air travelers are reeling from a dramatic increase in domestic airfares with prices skyrocketing by 150% over the past year.

This surge has forced many passengers to reconsider their travel options, opting for road transport despite the risks involved.

Passengers like Dare Adepoju, who frequently commutes between Lagos and Abuja for business and family visits, have expressed frustration.

“It’s unsustainable,” he lamented. “With flights nearing N200,000 for just an hour, I’m exhausted.”

Social media is abuzz with similar sentiments. Akinloa Adejuwon tweeted about the tough choice between costly flights and unsafe roads, highlighting the dire situation many Nigerians face.

The fare increase is attributed to a limited number of operational aircraft. Airline Operators of Nigeria revealed that many planes are grounded due to maintenance needs and lack of access to foreign exchange for repairs.

The current situation sees airlines like Ibom Air and Air Peace charging up to N238,000 for a one-way ticket between major cities.

This price jump, from about N51,000 last year, reflects the severe challenges the industry faces.

Capt. Roland Iyayi, a senior member of the Airline Operators of Nigeria, pointed to the shortage of aircraft as a primary cause.

“Making forex available to airlines is crucial for resolving this crisis,” he stated.

As the industry grapples with these challenges, passengers continue to hope for relief. The aviation sector’s future hinges on addressing these issues, ensuring safe and affordable travel for all Nigerians.

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Education

Southern States Skeptical as NELFund Disburses First Loans

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The National Education Loan Fund (NELFund) officially launched on Wednesday, a significant step in providing financial aid to students across Nigeria.

However, the initiative faces skepticism, particularly from the southern states.

President Bola Tinubu inaugurated the first tranche of funds, amounting to N32 billion, aimed at empowering Nigerian youth and breaking financial barriers to education.

The NELFund portal has registered 164,000 students, with 103,000 applying for loans.

Despite the promising start, many southern states remain doubtful about the fund’s implementation.

Akintunde Sawyerr, NELFund’s Managing Director, acknowledged these concerns, citing data challenges in verifying indigent applicants as a primary hurdle.

Sawyerr highlighted the lack of comprehensive data needed for credit assessments. The fund relies on bank verification numbers (BVN), National Identification Numbers (NIN), and educational institution data to determine eligibility.

More applications have been received from northern states, where students have shown greater confidence in the fund.

Sawyerr pointed out that skepticism in the south might stem from uncertainty about the program’s viability.

NELFund offers two types of loans: educational fees paid directly to institutions and upkeep loans for student stipends.

The focus is currently on government-owned institutions to ensure a smooth rollout.

President Tinubu emphasized education as a critical tool against poverty and insecurity, linking the nation’s challenges to a lack of educational opportunities.

He reaffirmed his commitment to inclusive growth through education.

As NELFund continues its rollout, efforts to address data issues and regional skepticism will be crucial. By building trust and ensuring transparency, the program aims to support more students nationwide and foster a fairer society.

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Travel

UAE Lifts Visa Ban on Nigerians, Introduces N640,000 Non-Refundable Application Fee

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The United Arab Emirates (UAE) has officially lifted the visa ban imposed on Nigerian passport holders, effective July 15.

However, this positive move comes with a substantial caveat—a new non-refundable visa application fee of N640,000.

The announcement, made following bilateral discussions between Nigerian and UAE authorities, ends a prolonged period of restricted travel between the two nations due to diplomatic disputes and financial issues.

New Visa Regulations

Under the new guidelines set forth by the UAE government, Nigerian passport holders seeking to travel to the Emirates must adhere to several stringent requirements:

  1. Application Fee: Applicants are required to pay a non-refundable fee of N640,000 for visa processing. This fee represents a significant increase compared to the previous $100 fee before the ban.
  2. Document Verification Number (DVN): Before applying for a visa, applicants must obtain a Document Verification Number (DVN). This number is valid for only 14 days from issuance or until the visa application is processed, whichever comes first.
  3. Application Process: The application process for UAE visas remains stringent, emphasizing the importance of meeting all specified criteria to enhance the chances of approval.

Public Reaction and Outcry

The introduction of the N640,000 visa application fee has sparked widespread criticism and public outcry among Nigerians, particularly on social media platforms. Many have expressed their discontent, labeling the new fee as exorbitant and financially burdensome, especially in light of economic challenges facing the country.

Social media users have taken to various platforms to voice their concerns:

  • @firstladyship: “It is obvious the UAE don’t want Nigerians. They reluctantly unbanned the Nigerian passport, but slammed a hefty N640,000 on Nigerians. Guess what? The money is nonrefundable & has expiration date. This is see finish.”
  • @Peco3D: “This is just extortion in fine words. Shameless.”
  • @Comr_lucky1: “This is exploitation and shameful if allowed by Nigeria government.”

Government Response

Mohammed Idris, Minister of Information and National Orientation, announced the lifting of the visa ban and emphasized that Nigerian passport holders are now eligible to apply for visas to the UAE.

The government has acknowledged the concerns raised by citizens and assured them of continued engagement to address the issue.

Background

The UAE had imposed the visa ban on Nigeria approximately two years ago amid diplomatic tensions and financial disputes.

Efforts to resolve these issues included discussions and negotiations between the Nigerian and UAE governments, leading to the recent breakthrough in visa restrictions.

Despite the imposition of the N640,000 visa fee, the lifting of the ban represents a step forward in diplomatic relations between Nigeria and the UAE, potentially paving the way for enhanced bilateral cooperation and economic ties.

As Nigerian travelers navigate these new visa regulations, reactions continue to pour in, reflecting the broader impact of international relations on individual mobility and economic opportunities.

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