News

Hardship: How students now trade property to survive

Published

9 months ago

February 12, 2024

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.

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.

“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.

“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.

“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.”

News

Lagos Youths Condemn Attacks on Seyi Tinubu By Faceless Groups

Published

28 minutes ago

November 21, 2024

Gloria Ikibah

By Gloria Ikibah

A group under the auspices of Coalition of Lagos Indigenous Youth (CLYI), has disassociated itself from recent media publications aimed at discrediting Mr. Seyi Tinubu, the son of President Bola Tinubu.

Coordinator of the group, Hon. Tunde Azeez in a strongly-worded statement issued on Tuesday, described the allegations as baseless and perpetrated by faceless individuals seeking to tarnish Mr. Tinubu’s reputation.

The coalition clarified that the controversial post circulating on social media, purportedly made by its members, is fraudulent.

“We wish to categorically state that the earlier post did not originate from the members or executives of the Coalition of Lagos Indigenous Youth,” Azeez asserted.

Describing Mr. Tinubu as a “proud and industrious son of Lagos,” the coalition pledged unwavering support for him, and noted his significant contributions to youth empowerment and development in Lagos.

The group further expressed its readiness to support Mr. Tinubu should he decide to declare interest in the governorship of Lagos State, although they clarified that he has not engaged in political discussions with any group or individual regarding such aspirations.

“Seyi Tinubu is one of us, Lagos is home and will remain home for him, not just as an indigene but also as a critical player dedicated to helping young people.” ,” the statement emphasized.

The group further directed a stern warning to the faceless individuals behind the defamatory campaign, particularly one Ibrahim Whyte, whom they accused of impersonating the coalition.

“We strongly caution Ibrahim Whyte and his cohorts to desist from blackmailing Mr. Seyi Tinubu while falsely impersonating our group,” it added.

The coalition vowed to explore legal options to protect its integrity and that of Mr. Tinubu, should the defamation persist.

CYLI, concluded by urging Lagosians to disregard the misleading narratives and focus on fostering unity and development in the state.

News

House Approves President Tinubu’s N1.767trn Loan Request

Published

1 hour ago

November 21, 2024

Gloria Ikibah

By Gloria Ikibah

The House of Representatives has granted approval for the implementation of the new external borrowing of N1,767, 610, 321, 779.00 (USD 2.209B).

The approval was sequel to the adoption of the recommendations of the House Committee on Aids, Loans and Debt Management Chaired by Rep. Abubakar Nalaraba, and presented at the Committee of the Whole on Thursday.

Presenting the report, the Committee Chairman, Rep. Nalaraba said the committee met and made the following recommendations, which he entreated the House to approve.

He said: “Approve the implementation of the New External Borrowing of one trillion, seven hundred and sixty seven billion, six hundred and ten million, three hundred twenty-one thousand, seven hundred and seventy-nine Naira (₦1,767, 610,321,779.00) (equivalent of USD2, 209, 512, 902. 22b) at the Budget

Exchange rate of USD1.00/800 in the 2024 Appropriation Act and that the amount should be raised from one or more sources. Namely; issuance of Eurobonds in the ICM, Issuance of debut sovereign Sukuk in the ICM, Bridge/syndicated loans, subject to market conditions;

“That based on availability and cost, to issue Eurobonds in the sum of USD1.70 billion or more, but not more than USD2,209,512,902,.22b, approved as New External Borrowing in the 2024 Act;

“Given the significant increase in the official exchange rate from USD1.00/₦800 to approximately ₦1,640, it is recommended that the exchange rate excess resulting from this adjustment be exclusively utilised for implementation of capital projects in 2024, to ensure that additional funds are

directed to impactful infrastructure & developmental projects that will contribute to the Nation’s long term growth and stability;

“Approve the Promissory Note Programme and Bond Issuance to settle outstanding claims and liabilities of the federal government. This approval prioritizes the issuance of Promissory Notes to address outstanding reimbursement debts owed to States, high-priority judgment debts, and other liabilities incurred by Federal Ministries, Departments, and Agencies. This measure is critical to preventing additional interest costs, mitigating further increases in the Federal Government’s debt profile, and reducing the debt-to-GDP ratio;

“That the Hon. Minister of Finance and Coordinating Minister of the Economy, working with the Debt Management Office are authorised to take all necessary actions required to give effect to this.”

The lawmakers unanimously adopted and passed the recommendations.

News

Reps Direct IGP, DG DSS To Deploy Personnel To Etsako LGA Over Worsening Insecurity

Published

2 hours ago

November 21, 2024

Gloria Ikibah

By Gloria Ikibah

The House of Representatives has directed the Inspector General of Police, Kayode Egbetokun, Chief of Defence Staff, General Christopher Musa and Director General, Department of State Services, Oluwatosin Ajayi to urgently deploy personnel to tackle the worsening insecurity in Itsukwi, Imiakebu, Imiegba and Okpekpe communities in Etsako East Local Government Area of Edo State.

The resolution was sequel to the adoption of a motion of urgent public importance on the “Urgent need to deploy security agents to Itsukwi, Imiegba, Okpekpe and Imiakebu communities to halt herdsmen’s onslaught against innocent citizens,” by Rep. Billy Osawaru, member representing Orhionmwon/Uhunmwode Federal Constituency, Edo State on Thursday at plenary.

Rep. Osawaru, drew the attention of the House to the provision of Section 14 (b) of the 1999 Constitution (As amended) on the need for government to provide security and welfare for the people.

He stated that Section 17 (b) of the Constitution provides that the sanctity of the human person shall be recognised and human dignity shall be maintained and enhanced; governmental actions shall be humane.

According to him, Chapter 4 of the nation’s Constitution in Section 33 (1) provides that “Every person has a right to life, and no one shall be deprived intentionally of his life, save in execution of the sentence of a court in respect of a criminal offence of which he has been found guilty in Nigeria.”

He said: “The House is aware that on Monday, October 28, 2024, herdsmen invaded Ugbereke, a popular farmland known for its fertility and destroyed completely the yam plantation of a youth leader in Itsukwi community (Ward 9, Etsako East Local Government Area, Edo State), Mr Samuel Igbeneghu.

“The House is also worried that on Tuesday, November 5, 2024, three farmers by the names Umuagene Obey, Emuesugheli Obi and Ogbitabu Imoudumhe (all from Okpekpe community in Ward 10, Etsako East Local Government Area of Edo State were ambushed on the way to their farms and brutally murdered by suspected herdsmen.

“Same day, the killers made their way to Ugbereke, and killed one Undyar Aondongu (male) while five women were beaten and left to flee with various degrees of injuries.”

The lawmaker stated that as a result of these violent campaigns, farmers in these communities no longer visit their farms for fear of being attacked or killed.

He therefore warned that if the Federal Government fails to take urgent steps to address the crisis, acute hunger owing to food scarcity would be the natural consequence, not just for the people of the area but the entire Etsako East Local Government Area and by extension, Edo State as a whole.

Then the presided officer, Speaker Tajudeen Abbas put itcto a vote, the House unanimously adopted the motion, observed a minute silence in honour of the dead and directed the immediate deployment of security agents to the four communities.

The House also mandated the Inspector General of Police and other relevant security agencies to investigate this tragic incident and fish out the perpetrators for prosecution, while also tasking them to Immediately step up the security surveillance to contain the escalation of insecurity within Itsukwi, Imiakebu, Imiegba and Okpekpe communities and beyond.

The legislative body also urged the Inspector General of Police, Chief of Defence Staff, DG, DSS, General Officer Commanding 2 Division of the Nigerian Army and the Commander, 4th Mechanised Brigade in Edpo State to deploy their personnel to Itsukwi, Imiakebu, Imeigba and Okpekpe communities to safeguard the lives and properties of the people.

The motion was subsequently referred to the House Committee on Army, Police, National Intelligence and Legislative Compliance with a timeframe of four weeks to report back for further action.