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Tinubu approves release of N120bn for TVET agenda

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President Bola Tinubu has approved ₦120 billion to boost Technical and Vocational Education and Training (TVET) in Nigeria, focusing on practical skills development for specific occupations and industries. This initiative aims to provide startup support for students’ entrepreneurial ventures and enhance the TVET system.

The program includes a vocational training approach with an 80/20 ratio in collaboration with partners like Bank of Industry and Nigerian Education Loan Fund (NELFUND). Additionally, six months of free digital skills training will be provided to Nigerians to meet industry demands, covering areas like software development, cybersecurity, and cloud computing.

The initiative aims to address nearly 2 million job vacancies in the country, with the digital training program expected to launch on or before June 2025. President Tinubu has also approved ₦40 billion to commence work on the abandoned National Library Headquarters building project to support academic and research needs across the country.

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2027: Northern group pledges 2m votes for Tinubu

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The Northern Nigeria Youths Union (NNYU) has pledged to deliver 2 million votes for President Bola Tinubu in the 2027 General Elections, citing his commitment to infrastructure development in the North. The group’s Chairman, Hon. Abubakar Aliyu, made the announcement after a strategic meeting in Jos, Plateau State, attributing their support to Tinubu’s “unrelenting commitment” to national development, particularly the Abuja-Kaduna-Kano superhighway project.

The NNYU claims to have over 65,000 registered members across the 19 Northern states and insists that their mobilization efforts are driven by volunteerism and national pride. They plan to focus on registering more young people and ensuring they have valid voter cards before the elections.

In contrast, some reports suggest Northern politicians are searching for a candidate to challenge Tinubu in 2027, citing dissatisfaction with the current administration’s impact on the North. Potential candidates mentioned include Dr. Rabiu Musa Kwankwaso and Alhaji Aminu Tambuwal .

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Naira down to N1,620/$ in parallel market

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The Nigerian Naira has experienced mixed performance, depreciating to ₦1,620 per USD in the parallel market while appreciating to ₦1,599 per USD in the Nigerian Foreign Exchange Market (NFEM). This represents a ₦2 drop in value in the parallel market from ₦1,618 per USD and a ₦5 gain in the NFEM from ₦1,604 per USD.

The exchange rate margin between the two markets widened to ₦21 per dollar, reflecting persisting volatility in Nigeria’s forex landscape. Factors contributing to the trend include increased demand for dollars in the informal market, Central Bank of Nigeria interventions in the official market, and market caution as participants monitor economic policies and external reserves performance.

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Rivers under scrutiny as Reps invite Sole Administrator, Ibas

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The House of Representatives Ad-Hoc Committee on Rivers State Oversight has invited Vice Admiral Ibok-Ete Ibas, the Sole Administrator of Rivers State, to appear before it for a comprehensive interactive session. This move has sparked scrutiny and raised questions about the current state of affairs in Rivers State.

The invitation was made at the committee’s inaugural meeting on Wednesday, April 15, 2025, following its formal inauguration by the Speaker of the House, Abbas Tajudeen. The committee aims to exercise its constitutional mandate to conduct full legislative oversight.

Some Nigerians have expressed skepticism about the effectiveness of this exercise, labeling it a “rubber stamp” process. Others have raised concerns about the potential for political grandstanding and the real motives behind the invitation. Supporters of the Sole Administrator have praised his efforts, citing achievements such as paying LGA workers’ salary arrears, announcing free education, constructing hospitals and roads, employing youths, and ensuring steady power supply.

The House of Representatives has cautioned the Sole Administrator against making laws or drafting a budget for the state, emphasizing that he lacks the constitutional authority to do so. The interactive session between the Sole Administrator and the House of Representatives Ad-Hoc Committee is scheduled to take place.

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