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Tinubu pledges adequate rewards for Nigerian teachers

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President Bola Ahmed Tinubu, on Thursday, declared the determination of his administration to ensure teachers get their due reward.

He regretted the challenges confronting Nigerian teachers, including overcrowded classrooms, scarce resources and limited opportunities for professional development, which he said are the result of prolonged neglect of the noble profession.

The President made the promise on Thursday during the 2023 World Teachers’ Day commemoration at Eagle Square, Abuja.

President Tinubu who was represented by his deputy, Vice President Kashim Shettima, noted that Nigeria’s future can only be safeguarded by investing in education, empowering the teachers and providing every child with the tools to reach their dream destination.

Delivering the President’s keynote address titled, “Teacher Appreciation: Nurturing Minds, Changing Lives,” VP Shettima said, “Our commitment to actualising our education reforms is to drive the emergence and sustenance of a system that recognises that education is the mother of new ideas and groundbreaking discoveries.

A statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communication, Office of the Vice President, quoted the President to have said that- “With well-taught workforces, we are not only going to build a nation that thinks but one that lives in an interconnected world, a world where the exchange of knowledge and ideas knows no boundaries. Without motivated teachers, we can’t build a nation that fosters such international cooperation, builds bridges of understanding, and addresses global challenges such as climate change, poverty, and healthcare. So, education, to us, and I believe to you too, is not just a means to individual success; it is a path to global harmony and sustainable development.

“Of course, our dear teachers, we are not just going to focus solely on technological advancements. The human aspect of education is just as critical as the infrastructure. Our teachers deserve to be treated with the respect and dignity they deserve. It is my promise that we will work tirelessly to build a society where the teacher’s reward begins to manifest here on earth,” the President said.

Noting that every educated person is a product of teachers, President Tinubu expressed the nation’s gratitude to Nigerian teachers, reassuring them that their profession is a prime in the vision for the nation and her development agenda.

“So, this day is more of a thanksgiving to honour those who have nurtured us, those who have guided us toward the hills upon which we stand today.

“I believe that there’s no vehicle that can transport you to your destination as safely as education. It is the reason every child, regardless of their background, awaits a future of vast possibilities. It is the reason the child of a disadvantaged family in a remote village clings to the same future as children from privileged homes with certainty.

“Education is the miracle that changes the fortune of a family in a single generation. Thanks to you, our dear teachers, we have broken down barriers and created a society where merit, talent, and hard work supersede the circumstances of one’s birth.

“So, by investing in education, by empowering our teachers, and by providing every child with the tools to reach their dream destination, we have safeguarded the future of this nation,” the President emphasised.

Observing that the world has undergone serious changes, President Tinubu said in the age of artificial intelligence where technology is transforming every facet of lives, teachers face new challenges and opportunities in a digital era.

The President disclosed that he has directed the Ministers of Education to collaborate with the Head of the Civil Service of the Federation to comprehensively revise existing guidelines “to ensure that anyone seeking to benefit from this Act must be fully prepared to return to the classroom, equipped with the latest teaching techniques and skills, especially in the realm of information technology”.

He continued: “I am pleased to share with you a significant policy initiative, the Harmonised Retirement Age of Teachers in Nigeria Act 2022, which allows our dedicated teachers to continue their invaluable service for up to forty years or until reaching the age of sixty-five, whichever comes first. This measure is designed to retain the wealth of experience within our educational system and bolster the number of educators in our schools.

“I encourage each of you to consider taking advantage of this policy, but please bear in mind that eligibility is not automatic. To benefit from this Act, you must possess contemporary teaching skills, including proficiency in information technology, as we strive to equip our students for both the challenges of today and the opportunities of tomorrow.”

Recalling that the role of a teacher had moved from not only imparting knowledge, the President said it has extended far beyond that, and they are now expected to be technologically adept, adaptable, and innovative.

“They must equip their students with skills that are relevant to an ever-evolving job market, where automation and AI are becoming increasingly prevalent. Our commitment to education must evolve with the times.

“Our plan for the education sector is to make it a system capable of harnessing the potential of new learning technologies. Our agenda is to build a system where artificial intelligence, augmented reality, and virtual classrooms are not mere buzzwords. They are tools that can revolutionize the way we teach, learn, and think.

“We are going to invest in modernizing our educational infrastructure and make sure that we are in step with the world on the road to the future,” Tinubu added.

On why the government decided to present the President’s Teachers and Schools Excellence Awards this year, Tinubu said improving the condition of teachers was not enough.

He stated: “This is why we will foster a culture of appreciation for our teachers. This is why we will recognise their contributions not just on World Teachers’ Day but throughout the year.

“Our teachers are not only educators but also mentors, guides, and role models who shape the character and aspirations of our children. Every nation reflects the satisfaction of its teachers.”

Earlier in his opening remarks, Minister of Education, Prof. Tahir Mamman, said the day offers opportunity for society to celebrate its true heroes, describing teachers as the champions of Nigeria’s transformation.

He said celebrating and rewarding excellence in the teaching profession was government’s way of encouraging and attracting qualified persons to the sector.

On his part, the National President of NUT, Comrade Audu Amba, acknowledged and commended the efforts of government to improve the welfare of teachers and their working condition, particularly the sustenance of existing initiatives to reward excellence and hard work.

While calling on governments across different levels to scale up funding for the education sector, the NUT president urged teachers to embrace innovation in technology, just as he appealed to stakeholders to provide digital tools as well as training opportunities to enhance teaching and learning.

He also called on government to provide adequate security in schools across the country, as well as make the teaching profession more attractive by improving welfare and infrastructure, especially in public schools.

Goodwill messages were presented by the Speaker of the House of Representatives who was represented by Hon. Mark Useni and the Minister of State for FCT, Dr Mariya Bunkure.

Also present at the event were the Chairman, Senate Committee on Education, Sen. Adamu Usman; Minister of State for Education, Hon. Yusuf Sununu; Deputy Governor of Kebbi State, Hon. Umar Tafida, among others.

 

 

 

 

 

 

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Police condemn killing of Benue MACBAN chairman

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Benue State Police Command has condemned the killing of the Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Benue State chapter, Ardo Rabo Mohammed, and another man, Yakubu Isa, describing the attack as a senseless criminal act capable of undermining ongoing peace and security efforts in the state.

The victims were reportedly attacked by gunmen while returning from a security meeting along the Okwudu-Ogoli Road in Otukpo Local Government Area.

In a statement issued on Saturday, the Police Public Relations Officer, DSP Udeme Edet, said the Commissioner of Police, CP Cletus C.N. Nwadiogbu, condemned the killings and expressed condolences to the families of the deceased.

“The Commissioner of Police strongly condemns in its entirety the brutal killing of the Chairman of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Benue State chapter, Ardo Rabo Mohammed, and one Yakubu Isa, who were reportedly attacked by unknown assailants while returning from a security meeting along Okwudu-Ogoli Road, Otukpo,” the statement read.

According to the police, the command has commenced a full-scale investigation into the incident, with tactical and intelligence teams deployed to track down those responsible.

The Commissioner assured residents that the command would leave no stone unturned in ensuring the perpetrators are identified, arrested and prosecuted.

He appealed to members of the public to remain calm, avoid taking the law into their own hands, and refrain from spreading unverified information capable of escalating tensions.

The police also urged anyone with credible information that could aid the investigation to report to the nearest police station or contact the command through its emergency lines.

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Lady identifies bandits that abducted her, leading to their arrested wth N11m recovered

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Three bandits have been arrested in Benue state after a lady who they had kidnapped and released, identified them at a motor park and raised alarm.

The k!kidnappers came to Ihotu park to board a vehicle to Makurdi and were met by the lady they had earlier kidnapped and released after collecting ransom from her relatives.

They were even using a bag they collected from the girl. The girl raised the alarm, held one inside the vehicle, and two took to their heels, but were caught.

They had a ghana-must-go bag at the back of the vehicle. N11m was found inside the bag.

Following the confirmation of their identity by another lady who was also their victim, mob gathered around with the intent to beat them up and possibly set them ablaze.

But the park manager decided to invite the police and soldiers who rescued them and took them to their station.

It was later gathered that the Benue state Governor, Rev. Father Hyacinth Alia called and said he was interested in the case which made the police to take the apprehended bandits to Makurdi, the state capital.

 

 

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Tinubu’s govt ignores IMF, draws additional loan of $2.5b from UAE

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President Bola Tinubu Federal Government has drawn down $1.5bn from a $5bn financing facility arranged with the United Arab Emirates’ largest lender, First Abu Dhabi Bank, despite growing concerns from global financial institutions over the increasing use of complex derivative financing by African sovereigns.

Bloomberg reported on Friday that the latest drawdown represents the first tranche of a $5bn Total Return Swap facility approved by the National Assembly on March 31, 2026, and is expected to support the 2026 budget, finance infrastructure projects, and refinance existing debt obligations.

The report quoted people familiar with the transaction, who asked not to be identified because they were not authorised to speak to the media.

The report read, “Nigeria has accessed the first tranche of a $5bn derivatives deal with the United Arab Emirates’ largest lender, pressing ahead with a transaction that has been scrutinised for being opaque.

“The West African nation drew about $1.5bn in the last couple of weeks from a total return swap transaction with First Abu Dhabi Bank PJSC, according to people familiar with the transaction, who asked not to be identified because they were not authorised to speak to the media.”

The transaction comes at a time when Nigeria is facing higher borrowing costs in international capital markets, forcing the government to seek alternative financing arrangements to shore up its fiscal position and improve access to foreign exchange liquidity.

Under the arrangement, Nigeria is required to pledge Federal Government securities worth about 133 per cent of any amount drawn under the facility. This means that for the full $5bn facility, the government would have to post approximately $6.65bn worth of naira-denominated bonds as collateral.

In return, the Abu Dhabi-based lender provides dollar liquidity to the Nigerian government. The Federal Government will pay a floating interest rate benchmark plus about four percentage points, while the lender receives the returns generated by the underlying government securities.

The transaction effectively allows Nigeria to unlock immediate dollar funding without issuing new Eurobonds or taking on traditional external loans at prevailing market rates, which have become increasingly expensive for frontier economies.

The government has already indicated that the proceeds from the initial $1.5bn drawdown will be deployed to support budget implementation, fund critical infrastructure projects, and refinance costlier domestic and external debts.

However, the financing arrangement has attracted criticism from international financial institutions and market analysts over concerns about transparency and potential hidden liabilities.

In its June 2026 assessment of African sovereign debt markets, the International Monetary Fund warned that derivative financing structures such as total return swaps are often opaque and difficult for investors and creditors to monitor.

The IMF noted that such arrangements are “hard to track, hard to value in real time, and can obscure the true extent of a country’s financial obligations.”

Three days ago, Fitch Ratings warned that Nigeria’s planned $5bn financing arrangement with First Abu Dhabi Bank could increase sovereign debt risks and reduce transparency in public debt reporting.

 

 

 

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