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Hardship: How students now trade property to survive

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By Francesca Hangeior

The woes of hunger, triggered by the increasing cost of living, have stretched their claws to the lives of students in tertiary institutions.

Gone are the days when undergraduates return to class with cash and other home appliances depicting their high standard of living.

Today many parents or guardians can no longer afford a standard living, talk of transferring such to their children or wards.

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Investigation revealed that students in tertiary institutions now sell off some of their home appliances and gadgets to sustain themselves, when the chips are down.

According to Osazuwa Akinola, a student, stated that they buy these gadgets when it is cheap, using their idle cash, while those who have gadgets sell them when they need money to pay bills.

He said: “It is very disheartening to see your fellow student suffer to get food and survive in this harsh economy.

“The economy is not smiling at our parents and guardians, so it is affecting us too.

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“Before some of my mates in the hostel comes with bags of food stuff and other useful appliances that helps one relax but now the cost of food has trippled and such scenarios have ceased to exist.

“Businesses in the school vicinity are also not helping matters.

“Seeing we are students they believe we have money and increase the prices of goods once it is a student purchasing them.

“They have forgotten that what is affecting the economy is affecting parents and guardians and also affecting us.
“Many of us now have to tie down our idle cash by buying used home items and appliances like bed, fridge, cupboard, gas cylinder, television set among other things from graduating students.

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“And the money gotten from these sales are used to foot their bills.

“But some students who brought these gadgets from home do sell them in times of need at a low price.”
Miss. Lovet Momoh, a 200 level student said she was hoping to have a wonderful standard of living since 100 level in school. But the death of her father coupled with the current state of the economy shattered her dreams.

“When I gained admission late 2022 I was very happy believing I will live like a princess in school.

“Then I lost my dad and my mom’s brother took it on his shoulder to see me through school.

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“I never thought things will be difficult as this. I can’t call him for minor needs because it feels very embarrassing to me.

“Then I saw my friends buying used items from graduating students and auction them in mid session.
When I inquired from them they thought me.

“I started buying used items with some of my pocket money and trading them at higher prices online.
“As we all know, the prices of goods and services are increasing and so is that of used items.

“This was and is still my survival means till date while in school.
“God help us.”

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Akwa Ibom @39: The Aspirations of Our Forebears Are Being Fulfilled – Akpabio

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President of the Senate, Godswill Akpabio has stated that the creation of Akwa Ibom State 39 years ago by the President Ibrahim Babangida administration was a fulfilment of the aspiration of the founding fathers of the state.

Akpabio’s assertion was contained in his goodwill message to the government and people the state on the 39th anniversary celebration of the creation of the state.

The message, titled, “Akwa Ibom at 39: Celebrating Our Journey, Building Our Future reads:

“On behalf of my family, the Senate and the entire National Assembly of the Federal Republic of Nigeria, I extend my warmest congratulations to His Excellency, Pastor Umo Eno, Governor of Akwa Ibom State, the Government and the good people of our dear State on the auspicious occasion of the 39th anniversary of its creation.

“Thirty-nine years ago the long-held aspiration of our forebears became reality with the creation of Akwa Ibom State. It was the fulfilment of a dream nurtured through years of sacrifice, advocacy, courage and an abiding faith in the capacity of our people to determine their destiny and build a prosperous homeland.

“Today, we remember with profound gratitude those illustrious sons and daughters whose vision and struggles helped to bring our State into being.
From those modest beginnings, Akwa Ibom has grown into one of Nigeria’s most consequential States, distinguished by the industry, ingenuity, hospitality and resilience of its people.

“Across Nigeria and beyond our shores, Akwa Ibom sons and daughters continue to excel in public service, business, academia, the professions, the creative industries, sports and numerous other fields of human endeavour. Our greatest resource has always been our people,” he stated

According to the former two-term governor of the state, “as one who had the privilege of serving this great State as Governor, I remain profoundly grateful for the opportunity our people gave me to contribute to its development.

“The years of Uncommon Transformation demonstrated what is possible when vision is matched by courage, when public resources are deployed for the public good, and when leadership refuses to accept yesterday’s limitations as the boundaries of tomorrow’s possibilities. The infrastructure, institutions and human-capital investments of that era were never ends in themselves; they were foundations upon which succeeding generations could continue to build.

“I therefore, commend Governor Umo Eno for sustaining the journey of development through the ARISE Agenda and for his commitment to peace, rural development, economic advancement and the welfare of our people. The progress of Akwa Ibom must always rise above partisan considerations. Every generation of leaders has a duty to add another storey to the edifice handed down to it.

“At 39, therefore, our celebration must be accompanied by renewed determination. We must continue to build an Akwa Ibom where every child can dream without limitation; where enterprise and innovation flourish; where our young people find opportunities to translate their talents into prosperity; where our communities enjoy the dividends of development; and where peace, unity and mutual respect remain the foundations of our collective progress.

“As we approach the fourth decade of our State’s existence, let us remember the faith of those who fought for its creation and resolve to leave to those coming after us a State greater than the one we inherited. The task before us is not merely to celebrate how far we have travelled, but to imagine how much farther we can go.

In conclusion, Akpabio wished the state and its people, a happy 39th Anniversary, saying, ” Akwa Ibom is rising. And together, we shall continue to build a future worthy of the dreams of our founding fathers.
God bless Akwa Ibom State”.

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There Is No Vacancy in Aso Rock – Akpabio

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•••Defends Tinubu’s Extended Vacation

President of the Senate, Godswill Akpabio has dismissed calls for President Bola Ahmed Tinubu to hand over power to Vice President Kashim Shettima, saying there is no leadership vacuum despite the President’s continued working vacation abroad.

Speaking on Tuesday, in Akwa Ibom State, while commisioning road projects executed by Governor Umo Eno, Akpabio addressed public concern over Tinubu’s three-week holiday, which was recently extended by one week. He insisted the President remains fully in office and continues to carry out his constitutional duties.

“I am the Senate President, and I am not the acting President of Nigeria, because President Tinubu is still in power. He is on a working leave, and there is no absence in Aso Rock. The world is a global village, and one can give instructions over the internet. So, why are people complaining?” he retorted.

Akpabio emphasized that only his office can declare a presidential vacancy and that no such condition currently exists. “Right now, there is no vacancy. Asiwaju Tinubu is still in power, and he is still running the affairs of Nigeria,” he added.

To underscore the President’s continued engagement, Akpabio disclosed of recent diplomatic contacts, including communications with French President Emmanuel Macron.

His remarks may have finally put to bed, unnecessary concerns raised by critics who claim the extended absence has hindered governance. Invoking modern communication, Akpabio argued a “remote” presidency can still function effectively.

The Presidency has not provided a formal return date for President Tinubu. Akpabio’s comments, however, signal a united stance within the ruling All Progressives Congress (APC) aimed at quelling speculation about a leadership crisis.

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Oyedele Calls for Affordable Capital to Finance Africa’s Infrastructure

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The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called on the international community to scale up the availability of affordable capital to finance infrastructure and development across Africa.

Oyedele made the call while addressing the United Nations Dialogue on Solutions to Climate Finance on the margins of the 81st Session of the United Nations General Assembly in New York.

He said Africa’s development ambitions, particularly its energy needs, continue to be constrained by high financing costs, currency risks and limited access to affordable long-term capital.

The Minister explained that despite Africa’s relatively low contribution to global carbon emissions, the continent continues to face what he described as a “prejudice premium” and “narrative cost” in its efforts to mobilise financing for critical infrastructure.

He also identified currency risk and what he termed “stereotype tax” as additional burdens confronting African countries as they seek to raise capital for critical energy and other development assets.

Oyedele therefore called for a strategic shift in the approach to climate finance, with simpler access to affordable capital for developing countries and financing arrangements that better reflect their development realities.

He also urged the international community to scale up investment in gas and other transition energy sources, particularly in Africa, to expand access to reliable and affordable energy and help address global energy poverty.

According to him, greater investment in Africa’s energy sector would also help diversify global energy supply and reduce concentration risks, particularly amid disruptions affecting the Gulf region.

The Minister stressed that Africa’s energy transition must take account of the continent’s significant energy-access deficit, noting the need for greater investment to enable countries to meet their development needs while pursuing a practical transition to cleaner energy sources.

For Nigeria, Oyedele said the immediate priority was to structure and implement policies and programmes that would reduce poverty, expand economic opportunities and accelerate the distribution of shared prosperity.

He said achieving these objectives would require stronger international cooperation and a financing framework that enables developing countries to mobilise the capital required to invest in infrastructure and improve the lives of their people.

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