Senate approves $500m loan for metering Nigerians

The Senate has just approved a $500 million loan request by the Federal Government.

The money will be used by the Bureau of Public Enterprises for “metering Nigerians” for the supply of electricity to their homes.

According to the Ministry of Power, over 92 million Nigerians have yet to be metered.

In another development, a bill to establish the Federal Polytechnic Onueke, Ebonyi State in the South Eastern Nigeria which was sponsored by Senator Kenneth Emeka Eze has passed a second reading in the Senate on Tuesday.

Leading the general principles of the bill, Eze explained that the proposed institution would provide full-time courses in information and communications technology and applied sciences among other courses.

He said the bill was laid on the floor of the Senate for the first time on Tuesday, 1st August 2023, stating that the Polytechnic holds significant potential in advancing human capital development and providing an assured future for the youth in Nigeria, and Ebonyi Central in particular.

He stressed the importance of education for a prosperous and progressive society, noting that a Polytechnic provides technical education, hence, it would empower individuals, nurture talents, and provide a solid foundation for economic development, while acknowledging what the government has been doing in that regard.

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