Connect with us

News

FG to Distribute N25K Monthly to 15 Million Families

Published

on

Federal Government of Nigeria has unveiled a plan to distribute N25,000 monthly to 15 million households nationwide.

The move comes as a response to the heightened economic difficulties brought about by the recent policy changes under President Bola Tinubu’s administration.

Last year, the President terminated fuel subsidies and currency controls, resulting in a significant increase in petrol prices and a surge in living expenses due to the depreciation of the naira against the dollar. These policy shifts have led to widespread economic hardship, with soaring inflation making it increasingly difficult for many citizens to afford necessities, including food.

Protests have erupted across the country as a manifestation of public dissatisfaction with President Tinubu’s leadership style. Many Nigerians have taken to the streets to voice their concerns over the economic crisis gripping the nation.

In an exclusive interview with Channels Television, monitored by Mega Icon Magazine, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, outlined the government’s commitment to mitigating the plight of the poor and vulnerable. The monthly cash relief initiative aims to provide much-needed financial support to households grappling with the economic fallout of recent policy changes.

“But I think the important thing to point out, at this time, is that the focus of Mr President is on keeping his promise, particularly to the poor and the vulnerable. Food prices are elevated, and the purchasing power is limited and that is what Mr. President is speaking directly to through the intervention programme of direct payments of N75,000 each over three months,” Edun said.

“That is N25,000  a month to 15 million households and each household is about five people. So, that effectively provides funding for 75 million people.”

The minister reiterated the Federal Government’s commitment to supplying grains as part of its strategy to alleviate the impact of escalating food prices.

“More recently, there was a 42,000 metric tonnes release from the strategic reserves with another 60,000 metric tonnes to come. This is all in a bid to make sure there is food in the marketplace,” the minister said

Comments

News

Army reveals how month-long operation freed 44 abducted Oyo pupils, teachers

Published

on

The Nigerian Army on Friday revealed how a month-long intelligence-driven joint security operation led to the rescue of 44 pupils and teachers abducted by terrorists in Oriire Local Government Area of Oyo State.

The victims, who were kidnapped on May 15, 2026, regained their freedom on July 10 after spending 56 days in captivity.

The Acting Deputy Director, 2 Division Army Public Relations, Lt. Col. Danjuma Jonah, disclosed this in a statement, saying the operation was carefully planned and executed to ensure the victims were rescued unharmed without collateral damage.

According to him, the operation was coordinated by the General Officer Commanding, 2 Division, Maj. Gen. C.R. Nnebeife, in collaboration with the Office of the National Security Adviser through the National Counter Terrorism Centre, Defence Headquarters, the Nigerian Army Special Forces, the Nigerian Navy, the Nigerian Air Force, the Nigeria Police Force, the Department of State Services, the National Intelligence Agency, the Nigeria Security and Civil Defence Corps, the Amotekun Corps, as well as local vigilantes and hunters.

Jonah said intelligence gathered during the operation enabled security operatives to identify the terrorist kingpins responsible for the abduction, dismantle their criminal network, disrupt their logistics chain, expose informants and locate their hideouts in the Old Oyo National Park and adjoining forests.

He added that several suspects were arrested in Oyo State and other parts of the country, a development that significantly weakened the criminal syndicate and intensified pressure on the kidnappers.

According to the army spokesman, the sustained pressure eventually forced the terrorists to release the abducted pupils and teachers unconditionally.

“The arrests completely disorganised the group, exerted overwhelming pressure on them and ultimately led the terrorist group to unconditionally release the pupils and teachers,” the statement read.

The Army, however, disclosed that some security personnel lost their lives during the operation.

It added that the rescued pupils and teachers were receiving medical attention at an undisclosed hospital before being handed over to the Oyo State Government for reunification with their families.

Nnebeife, on behalf of the participating security agencies, commended President Bola Tinubu for providing strategic direction, resources and support that contributed to the successful operation.

He also appreciated Oyo State Governor, Seyi Makinde, and residents of the state for their cooperation throughout the rescue mission.

The GOC further acknowledged the support of the National Security Adviser, Mallam Nuhu Ribadu, the Minister of Defence, the Chief of Defence Staff, the Chief of Army Staff, other Service Chiefs, the Inspector-General of Police, the Directors-General of the DSS and the NIA, as well as heads of other security agencies for ensuring seamless coordination.

He equally thanked media organisations and Nigerians for their patience, understanding and confidence in the country’s security architecture.

Nnebeife urged members of the public to remain vigilant and continue providing credible and timely intelligence to security agencies to strengthen efforts at tackling kidnapping, terrorism and other violent crimes.

Continue Reading

News

Tinubu hails rescue of Oyo pupils, teachers after 56-day ordeal, eight kidnappers held

Published

on

President Bola Tinubu on Friday hailed the successful rescue of abducted pupils and teachers from Oriire community in Ogbomoso, Oyo State, after 56 days in captivity, commending the military, the Department of State Services and the Nigeria Police Force for the operation.

The President said eight suspected kidnappers were arrested during the rescue mission, while several others were neutralised, describing the operation as a major breakthrough in the fight against insecurity and a source of relief to the victims, their families and the country.

Tinubu’s commendation was contained in a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga.

He expressed sympathy for the pupils, teachers and their families over the trauma they endured during the nearly two-month ordeal, assuring them that his administration would ensure those responsible for the crime faced justice.

“I am profoundly happy that our security forces successfully rescued the abducted pupils and teachers from Oriire, Ogbomoso in Oyo State today after a military, police and intelligence-driven operation that neutralised some of the terrorists that perpetrated the evil act and the arrest of eight of them,” the President said.

He added, “This successful military operation has ended the siege and standoff of over 50 days and has brought relief to the entire nation and the affected families in particular. On behalf of the country, I express my gratitude to the officers and men of our armed forces, the intelligence agencies and the police for the safe rescue of the children and their teachers.”

Tinubu vowed that his administration would prosecute those behind the abduction, including those responsible for the killing of one of the teachers, Mr Oyedokun.

“My government will get justice for these children and their teachers and for the family of Mr Oyedokun, who the terrorists gruesomely murdered,” he said.

The President also commended the Oyo State Government for working closely with the Federal Government throughout the rescue operation.

“I must commend the Government of Oyo State for working cooperatively with us in bringing this unfortunate incident to a successful end,” he added.

Tinubu further directed relevant emergency response agencies to work with the Oyo State Government to provide the rescued pupils and teachers with immediate medical attention, psychosocial support and other relief assistance to aid their recovery.

He also urged the Oyo State Government to strengthen security around schools to forestall similar incidents in the future.

Continue Reading

News

Abducted Oyo pupils, teachers regain freedom

Published

on

There was widespread relief on Friday as the pupils and teachers abducted in Oriire Local Government Area of Oyo State regained their freedom after days in captivity.

The development was announced by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a post on his verified X handle.

Onanuga wrote, “Finally, the kidnapped pupils and teachers in Orire, Oyo have been freed by their abductors.”

Shortly after the announcement, a video circulating online showed the freed victims expressing gratitude to President Bola Tinubu and security operatives for securing their release.

In the video, some of the victims thanked the President for his intervention and commended the efforts of security agencies, saying they were grateful to have regained their freedom after the traumatic ordeal.

The development brought an end to days of anxiety for the victims’ families, colleagues and residents of the affected communities, who had waited in hope for their safe return.

As of the time of filing this report, the Federal Government and security agencies had yet to disclose the circumstances surrounding the victims’ release, including whether any ransom was paid or whether their freedom was secured through negotiations or a rescue operation.

Details later.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending