News
JUST IN: FG opposes N/Assembly’s proposals for 200 new varsities
The federal government has expressed opposition to the proposals by the National Assembly for creation of nearly 200 new universities in the country.
It said with almost 200 bills in the National Assembly for establishment of new universities, there is a growing concern that the system is becoming overwhelmed.
The Minister of Education, Tunji Alausa, stated this in Abuja yesterday during the third edition of the 2025 Ministerial Press Briefing.
The country currently has 278 universities, 64 of which are federal; 67, state; and 147, private.
The government had, last month, announced a one-year moratorium on the establishment of new private universities “to enhance the quality and sustainability of private universities, ensuring that only institutions with the necessary financial and academic capacity are granted licenses.”
The minister yesterday emphasised that strengthening the capacities of the existing universities is more important than establishing new ones.
He said: “They (lawmakers) are passing a lot of bills. Today, I can tell you that there are almost 200 bills in the National Assembly. We can’t continue like this.
Even though we have a lot of them, the capacity for a university to admit is not there. What we need to do now is to rebuild the capacities so that we can offer more viable courses to our citizens.
“We need to stop this (the 200 bills for new universities) from happening. There is so much pressure on the president. We have to, at least, be sensitive to it as well.
“I understand the sentiment of our legislators. They want to show that they are working. We know they are working. But then, we have enough assets, we have enough opportunities out there for students to go to universities.
“What we now need to do is to begin to mobilise more resources to develop infrastructures, build engineering workshops, build laboratories in these universities, recruit international standard teachers, so that we can begin to get these universities to develop, to deliver high quality of education that will be known for as a country.
“Today, if you care to know, we have 64 federal universities, 67 state universities and 147 private universities.
If you look at the entire enrolment together, the private universities account for just 7.5% of total undergraduate enrolment.
I will tell you the meaning of the number. The total number of undergraduate enrolments today is just about 875,000, which is, at least, fairly low.
“We have universities with less than 1,000 undergraduate students, and there is this intense demand for more universities to be opened. We have to stop that.”
however, it is not only the legislators that are obsessed with pushing for the establishing of universities as constituency project or for status symbol.
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
Senator Waziri Tambuwal Resigns from PDP, Defects to African Democratic Congress (ADC)
IEA agrees to release record 400 million barrels of oil to address Iran war supply disruptions
Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
Organ Trafficking: Ekweremadu bags 10 years in UK prison
SAINT OBI: Between his marriage and his death
-
Politics3 days agoBREAKING: Rivers House of Assembly Confirms Five Out of Nine Commissioner Nominees Submitted by Governor Siminalayi Fubara
-
Politics3 days agoZamfara Governor Dauda Lawal Defects from PDP to APC Amid Party Crisis
-
News2 days agoLASEMA Cautions Social Media Platforms Against Circulating False News
-
News2 days agoAirport Access Gates: FG Approves Cash and FAAN Go Cashless Cards for Payment
-
Crime2 days agoPolice Arrest 32 Suspected Bandits in Kwara Forest Crackdowns
-
News3 days agoBREAKING: Court of Appeal Upholds Federal High Court Ruling Halting PDP’s Ibadan National Convention
-
News3 days ago
IGP Disu Wears New DIGs Insignia
-
Sports1 day agoFIBA W/Cup 2026 Qualifying Tournament Begins Today with Nigeria’s D’Tigress Vs Colombia