FG MOVES TO CUT EDUCATION COSTS, PROMOTE SUSTAINABILITY WITH REUSABLE TEXTBOOK POLICY. (PHOTO).

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 FG MOVES TO CUT EDUCATION COSTS, PROMOTE SUSTAINABILITY WITH REUSABLE TEXTBOOK POLICY The Federal Government of Nigeria has unveiled a comprehensive policy framework aimed at reducing the cost of education for parents, improving learning outcomes, and promoting sustainability in schools through the adoption of reusable, high-quality textbooks and strengthened quality assurance mechanisms. The policy, jointly issued by the Honourable Minister of Education  Dr Maruf Tunji Alausa and the Honourable Minister of State for Education Prof Suiwaba Sai'd, forms part of ongoing reforms to reposition Nigeria’s education sector and ease the financial burden on families. The Ministers explained that the policy prioritises the use of standardised, durable textbooks designed to last between four and six years, while expressly prohibiting the bundling of disposable workbooks with textbooks in schools. This approach is intended to ensure that learning materials can be reused across multiple a...
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GENCOS THREATEN NATIONWIDE SHUTDOWN OVER ₦4TRN DEBT. (PHOTO).

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 GenCos Threaten Nationwide Shutdown Over ₦4trn Debt


Power generation companies (GenCos) have warned of an imminent shutdown of power plants nationwide due to an outstanding ₦4 trillion debt owed by the Federal Government.


In a statement released on Monday by Col. Sani Bello (Rtd), Chairman of the Board of Trustees, Association of Power Generation Companies (APGC), the GenCos revealed they are owed ₦2 trillion for electricity supplied in 2024 and ₦1.9 trillion in legacy debts.


They lamented receiving less than 30% of their monthly invoices, citing severe cash flow constraints, regulatory hurdles, and inadequate government budgetary allocation for the sector.


The companies warned that failure to urgently address the liquidity crisis could lead to national grid collapse and security challenges, urging immediate action and a clear debt repayment plan.

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