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Over a Million Nigerian Youths Applied for N75 Billion Survival Fund

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Nigeria Youth Investment Fund

Buhari Says Over One Million Youths Applied for Survival Fund

President Muhammadu Buhari on Sunday said over one million Nigerian youths have applied for the N75 billion Nigeria Youth Investment Fund established to help cushion the economic impacts of COVID-19 on the youths and speed up the recovery process.

In a tweet put out by the president, Buhari said the Nigeria Youth Investment Fund will invest in the innovative ideas, skills and talents of young Nigerians.

He said more Nigerians continue to apply through the fund’s portal at nyif.nmfb.com.ng since it was opened on October 12, 2020.

Buhari said “Over a million applications have already been received since the 75 billion Naira Nigeria Youth Investment Fund (NYIF) Portal went live on Oct 12, 2020. This Fund will invest in the innovative ideas, skills and talents of young Nigerians.

Please note that both individuals and non-registered businesses can apply and access up to N250,000 in funding under the survival fund scheme while youths with registered businesses can apply and access as much as N3 million. Successfully applicants will pay 5 percent interest per year.

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.

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Pfizer, BioNTech COVID-19 Vaccine to be Available to UK Resident on Dec 7

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The United Kingdom is planning to approve Pfizer and BioNTech COVID-19 vaccine in a few days, according to government officials.

According to the officials, deliveries of the COVID-19 vaccine would begin a few hours after authorisation and the first injections could take place on December 7.

UK Prime Minister, Boris Johnson, has named Nadhim Zahawi, the current junior business minister, as the minister responsible for the deployment of the vaccines.

Britain said on Nov. 20 it had formally asked its medical regulator, the Medicines and Healthcare Products Regulatory Agency (MHRA), to evaluate the Pfizer-BioNTech COVID-19 vaccine for its suitability, the first step in making it available outside the United States.

The UK ordered 40 million doses of the two-shot product, which the preliminary data showed to be more than 95 percent effective.

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Npower News: CBN Job Options for Exited Npower Beneficiaries

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The Ministry of Humanitarian Affairs, Disaster Management and Social Development in collaboration with the Central Bank of Nigeria has launched an online portal called N-Exit to enable exited Npower Beneficiarieas apply for Central Bank of Nigeria Empowerement Options.

The ministry stated a statement signed by Bashir Nura Alkali, the Permanent Secretary of the Ministry.

Sadiya Umar Farouq, the Minister of Humanitarian Affairs, Disaster Management and Social Development, urged interested exited npower beneficiaries to log on to the portal and add other additional information required for placements into the CBN intervention options.

The minister also stated that the NEXIT Portal will determine the suitability of the interested exited beneficiaries of Npower for teh CBN affiliate programes.

The statement reads, “The NEXIT portal is to determine the suitability of the beneficiaries for the CBN affiliated programs and is dependent on meeting the criteria and conditions set by the CBN for the said programs”.

“The Federal Government of Nigeria is very proud of the milestones you have achieved during your period of service to the nation. As we prepare to exit into prospective endeavors, we are confident that you will be able to channel all you have learnt over the years into successful ventures that will improve the economy of the country and create further opportunities for you and other citizens.

“Chasing a dream requires effort, passion and hard work which you are now halfway through. I congratulate you and wish you a very successful future”.

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ASUU Expects to Call Off Strike Today as More Universities Accept FG’s Offer

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The Academic Staff Union of Universities (ASUU) is expected to call off the ongoing strike later today or tomorrow following reports that most universities under the union have accepted government’s offer.

Last week, the government exempts ASUU from the controversial Integrated Payroll and Personnel Information System (IPPIS) and offered to raise Earned Academic Allowance (EAA) from N30 billion to N35 billion and the revitalisation fund from N20 billion to N25 billion.

Therefore, the Federal Government offered the union a total sum of N65 billion and IPPIS exemption to call of the strike.

While some universities like the Ahmadu Bello University Branch had accepted the offer and insisted payment should be made before the union call of the strike, the Federal University of Agriculture Makurdi (UAM) ASUU voted to continue with the strike until government implements what was offered during the negotiation.

Ezekiel Agbalagba, the Chairman of ASUU at the Federal University of Petroleum Resources (FUPRE), Delta State, said the congress accepted the EAA offer but rejected the N25 billion for the revitalisation of the universities.

However, Nigerians expect the union to call of the strike today or tomorrow after today’s meeting between the Federal Government and ASUU.

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