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SUG, Absu removes 20 Percent on Lodge Rent



During the Covid-19 pandemic, lots of students dropped out of school as a way to curb the spread of the novel coronavirus disease, which was alleged to have come from China.

Schools were on shutdown and all academic activities placed on hold, except for those who were heavily involved in online classes.

But from research, a lot of students could not gain access to browse the internet due to the high rate of internet accessibility in the Nigeria.

Read Also: Doubts Over Imo Free Education

Meanwhile, various hostels and lodges where students occupied were left left unoccupied due to their absence from the school premises.

Students complained greatly that the pandemic that affected most business around the world, affected their guardian’s businesses, and as such will not grant them the ability to pay for the rent of the previous year wherein they did not live in their various hostels.

Also the subsequent year should be looked into, for a downward review, to enable them pay up.

it has also been gathered that some landlords are bent on collecting the rent of the previous year, so the need to look into the issue by the authorities that be.

This outcry got to the landlords and some governing counsels of various schools to look into the case thereby announcing a certain percentage deduction on the rent going forward.

Such governing counsel, is the students union government of the Abia State university, Abia State.

on 22nd January, 2021 released a letter stating “Conclusion of payment Deduction on Lodge rent”.

The letter reads thus in parts:

To: All lodges

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This is to notify the various lodge owners, students and the general public that after series of meetings between the SUG/SRC and landlords, caretakers and lodge president, the council agreed that, 20 percent is hereby deducted from the lodge rent for the year 2021.

the memo also read that students are advices to commence payment to their various lodges on Monday, January 25th, 2021 and present evidence of payment on arrival.

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Buhari, Osinbajo Receive COVID Vaccine



President Muhammadu Buhari and Vice-President Yemi Osinbajo have been vaccinated against COVID-19.

The duo took doses of the AstraZeneca vaccine at the banquet hall of the presidential villa in Abuja on Saturday.

Their physicians administered the vaccine on them in the presence of members of the Federal Executive Council (FEC).

It was broadcast across different television stations.

Nigeria received 3.92 million doses of the Oxford/AstraZeneca vaccine on Tuesday, delivered under the international COVAX scheme.

Also Read: Gov Yahaya Bello: Kogi Has No Business With COVID, I Won’t Take Any Vaccine

Three doctors and a nurse got the first does of the vaccine on Friday.

Plans are being made to send the vaccine across the country and governors have promised to take the dose on live television to encourage people to get vaccinated.

However, Governor Yahaya Bello of Kogi State has said he would not take the vaccine because he is healthy.

Bello, who said Kogi has more serious issues to deal with, has repeatedly described COVID as a ruse.

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I Tested Positive For COVID – Obasanjo



Former President Olusegun Obasanjo on Friday revealed that he tested positive for the Coronavirus.

He made this known in Abeokuta, Ogun State capital, while speaking at a colloquium put in place to celebrate his 84th birthday.

The programme held within the Olusegun Obasanjo Presidential Library (OOPL), Abeokuta.

Obasanjo, who said he was a bit concerned about it, added that he had to call his daughter, Dr. Iyabo ObasanjoBello, an epidemiologist.

Also Read: Gov Yahaya Bello: Kogi Has No Business With COVID, I Won’t Take Any Vaccine

Obasanjo said, “It will surprise you that I tested positive for COVID-19. I called them to come and test me, they came on a Saturday, I didn’t get the result till Wednesday and it came out positive but I didn’t see any symptoms.

“When they came three days after, they tested me and said I am negative, that is three days after I tested positive.

“My daughter, Iyabo is an epidemiologist and I called her to explain, she said maybe they tested me at the later stage of being positive.

“I told her I had no symptoms and she said it could be a faulty result. But I tested positive. Since then, I have been tested three times and the test came back negative. So, if you want to come near me, you can come near me.

“It is nothing to worry about, when I tested positive, my household ran from me, I told them to stay in their place while I stayed in mine.”

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Loans for SME worth 10 Billion Naira – Rosabon



Who are Rosabon Financial Services?

Rosabon Financial Services is an award-winning market-oriented organization that creates wealth and facilitates growth in Nigeria.  

Rosabon Financial Services is a member of the Concept Group, Licensed by the Central Bank of Nigeria, CBN on April 22, 1993, and is a long-standing member of the Equipment Leasing Association of Nigeria (ELAN), the organization has evolved into Nigeria’s leading Non-Banking Financial Intermediary and Equipment Leasing firm focused on niche and general markets.

What does Rosabon Financial Services do?

Their work draws on over 23 years of experience in the field of finance management, tailoring lease, loans, and investment offerings to meet the financial needs of their customers either in the long or short term.

Achievements of Rosabon Financial Services

Over the years, Rosabon Financial Services have received awards (Local and International) for their outstanding work in the industry, some of which are:

African Financial Quality Service Loans

Award for best practice in Equipment Leasing

Corporate Venturing and Treasury Management 2014

These were given by the Institute for Government Research and Leadership and Best SME Financial Advisory Nigeria, 2015 by Capital Finance International, an affiliate of World Bank and International Finance Corporation and MEA Business Award for Leading Experts in Bespoke Wealth Management Services 2016 – Nigeria (The first of winner of such award in Africa).

Read Also: CBN gives reasons for banning cryptocurrency

How much loan is Roasabon Financial Services given to SME’s?

Rosabon Financial Services has announced a new loan facility of up to Ten Billion Naira (N10bn) for eligible small businesses and corporate organizations in Nigeria.

Rosabon said in a statement on Sunday that the new facility is a part of its role in supporting businesses in Nigeria, especially in the face of the daring impact of the second wave of the COVID-19 pandemic.

How long does it take to get the loan from Rosabon Financial Services?

The company said businesses registered in Nigeria for more than a year were qualified for the facility, which would be available within 48 hours of application.

Read Also: IGP gets three months extension in office – Buhari

The Managing Director, Chukwuma Ochonogor, stated that this year’s facility was to sustain support for business owners and limit the damage caused by the pandemic in the past year, and also help businesses become more resilient and sustainable in the wake of the pandemic’s second wave.

He said, “We know some business owners have experienced revenue loss, and some are still experiencing the revenue loss. That is why we have introduced loan facilities that will help their business operations to thrive.

“We hope as we journey with our business community by deploying our loan facility and expertise, we will be providing a much-needed financial cushion required to navigate the new normal.”

Ochonogor added that the bigger goal was to boost the country’s economic growth by supporting the businesses and corporate organizations through access to finance in the face of an economic recession and an increasingly tough operating environment.

He also pointed out, that Rosabon had earlier announced a series of loans to the tune of N5bn targeted at small businesses and corporates, healthcare service providers, civil servants, and others to cushion the impact of the pandemic and support the economy.

The company said the interest rate was at a single digit, with repayment tenor put at 24 months.

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