Economy
Government Approves NYSC Mobilisation For Full-Time HND Graduates
Government Approves NYSC Mobilisation For Full-Time HND Graduates
Government approves NYSC mobilisation for full-time HND graduates. This development, he said, marked a major breakthrough for full-time HND graduates.
The minister of education, Tunji Alausa, has announced that all full-time Higher National Diploma (HND) graduates will now be mobilised for the National Youth Service Corps (NYSC).
The resolution of the long-standing issue regarding their mobilisation is contained in a statement made available to journalists in Abuja on Thursday by the director of press and public relations in the ministry, Folasade Boriowo.
Ms Boriowo quoted Alausa as saying that after discussions with the director-general of NYSC, only full-time HND graduates were eligible and could thereafter proceed with their mobilisation.
This development, he said, marked a major breakthrough for full-time HND graduates who were previously excluded from the NYSC programme.
According to him, it underscores the federal ministry of education’s commitment to equity, fairness, and inclusivity in the nation’s education system.
“However, those who did HND part-time are not eligible for mobilisation at all.
“To facilitate a seamless mobilisation process, the National Board for Technical Education (NBTE) has been directed to expedite the collation of data for eligible HND graduates.
“In line with this, a circular has been sent to all Rectors of Polytechnics, instructing them to upload the necessary graduate data onto the newly created HND admission portal,” he said.
Mr Alausa emphasised that NYSC mobilisation was strictly for those who completed a full-time HND programme.
He stressed that only full-time HND graduates would be mobilised, while those who did HND part-time remained ineligible.
Government Approves NYSC Mobilisation
He further disclosed that the newly created portal would ensure proper documentation of full-time HND graduates.
He added that this would also serve as the official database for NYSC mobilisation, addressing past challenges related to admission records.
The minister urged all eligible full-time HND graduates to take full advantage of this opportunity and proceed with their mobilisation without delay.
He reaffirmed the government’s commitment to fostering equal opportunities for all qualified Nigerian graduates and ensuring their contributions to national development through the NYSC scheme.
Finance Ministry (MOFI) Secures N100bn For Affordable Housing Development
Finance ministry (MOFI) secures N100bn for affordable housing development. The Ministry of Finance Incorporated (MOFI) has raised N100 billion through the MOFI Real Estate Investment Fund (MREIF) to support affordable housing projects in Nigeria.
This follows the N150 billion Series 1 bond, fully subscribed in December 2024, bringing total funding under MREIF to N250 billion after the recent Series 2 offering, which also saw full subscription from private investors.
MOFI highlighted strong institutional investor confidence in the fund, positioning MREIF as a key platform for real estate financing.
Housing Sector Transformation Underway
Finance Minister Wale Edun described the successful Series 2 subscription as a milestone in addressing Nigeria’s housing finance gap.
MREIF offers mortgage financing with up to 20-year repayment periods at rates as low as 12%, significantly below commercial lending rates.
The fund aims to mobilize long-term capital and expand access to affordable homeownership.
Finance Ministry (MOFI)
MOFI Managing Director, Armstrong Takang, emphasized that the N1 trillion multi-tranche programme will drive further private sector participation and accelerate housing development.
The fund will integrate with commercial banks, mortgage institutions, and developers to enhance long-term housing finance solutions in Nigeria.
NY Court: 2 US-Based Nigerians, Accomplices Face 62 Years In Prison For $50m Fraud
NY Court: 2 US-based Nigerians, accomplices face 62 years in prison for $50m fraud. Two Nigerians residing in the United States, Solomon Aluko and Nosakhare Nobore, along with four others, face up to 62 years in prison after being arraigned before a New York court for defrauding the US government of $50 million.
According to court documents from the US Department of Justice, the suspects ran a multi-year cheque fraud scheme, using stolen identities and fraudulent businesses to access government funds.
They allegedly attempted to steal $80 million, successfully depositing $50 million into accounts they controlled.
The group reportedly used a Telegram group and a ‘fraud bible’ to coordinate their activities.
US-Based Nigerians
US authorities, including the FBI and IRS, have vowed to hold the suspects accountable, emphasizing that they exploited programs meant for struggling businesses, seniors, and veterans.
The defendants are facing multiple charges, including wire fraud, money laundering, and identity theft, each carrying significant prison terms.
Energy Firm Partners With NASENI On CNG Kit Manufacturing
Energy firm partners with NASENI on CNG kit manufacturing. “It will not only enhance the profitability of participating businesses but contribute to the success of the presidential initiative on CNG,” said the NASENI vice-chairman.
Adeayworld Energy Limited says it is partnering the National Agency for Science and Engineering Infrastructure on compressed natural gas kits manufacturing and distribution in Nigeria.
In a statement on Sunday, Prince Adeleke, Adeayworld CEO, said the partnership was in line with the Presidential Initiative on CNG.
He said the collaboration would improve fuel efficiency, promote environmentally friendly energy solutions, and advance local capacity in CNG distribution and utilisation.
According to Mr Adeleke, the partnership is expected to directly support Nigeria’s long-term goals regarding economic diversification, energy security, environmental sustainability, job creation and overall reduction in the cost of goods and services.
“Adeayworld Energy Limited has since signed a partnership with Zhejiang Sinray Electronics Co. Ltd, one of the leading manufacturers of CNG kits in China.
“The aim is to ensure that kits of international standard are manufactured and distributed across Nigeria.
“The Chinese company and kits have also been approved by the Standard Organisation of Nigeria in line with International Standard Organisation after rigorous assessment,” he said.
Energy Firm Partners With NASENI
Khalil Halilu, the NASENI executive vice-chairman, said that the partnership represented a promising business opportunity that aligned with Nigeria’s national goals of economic diversification and environmental sustainability.
“The partnership with NASENI will significantly scale the adoption of CNG technology in Nigeria.
“It will not only enhance the profitability of participating businesses but contribute to the success of the presidential initiative on CNG,” Mr Halilu said.
He expressed confidence that the venture would lead to a lasting positive impact on Nigeria’s energy landscape.
-
Akwa Ibom2 months agoThe Apostolic Church Gets New Territorial Chairman, Exco
-
Akwa Ibom2 months agoUmo Eno Commences Payment Of 80,000 Naira Minimum Wage With Arrears
-
News2 months agoList Of 42 Executive Orders Of Trump
-
Politics2 months agoPresident Trump Changes Divorce Law, No 50% Property Shares
-
News1 month agoThe Apostolic Church Gets New National President, Executive
-
Health care2 weeks agoNiMet Warns FCT, Other 18 States Of Impending Heat Stress, Advises Safety Measures
-
Economy2 months agoTinubu Allocated N940 Billion To TETfund In 2025 Budget
-
Economy2 months agoEnugu-Onitsha Expressway: Many Feared Dead, 8 Vehicles Burnt In Tanker Explosion