NEWS
Again, ASUU Threatens Strike
The Academic Staff Union of Universities (ASUU) says that poor compensation and the insufficient money allocated to the education sector could lead to nationwide strikes at universities in 2024.
Prof. Emmanuel Oshodeke clarified in a Monday interview with journalist that President Bola Tinubu had pledged to raise the education sector to at least 15 percent or more during the campaign and election earlier this year.
Similarly, a benchmark allocation of 26% for the education sector was suggested for member nations by the United Nations Educational, Scientific, and Cultural Organisation.
He complained that Nigeria was the country with the least remuneration for professors, globally.
Oshodeke, however, said that ASUU was dejected when the 2024 education budget was announced to be N2.18tr or 7.9 per cent of the budget.
He reiterated that it was the same figure during the Buhari government, adding that not much progress would be made in the sector; if the budget was not increased.
Oshodeke advised the government to meet with the cabinet members and increase the budget to 15 or more.
“With this seven per cent education budget, nothing will change in the sector, it is just as we had during Buhari’s time. Tinubu during his campaign promised to increase the education budget but nothing.
“However, there is still a chance for him, to change. But if no improvement on this and our other demands, by next year, we will mobilise our people and we can’t stay like this because Oyo State has 15 per cent and Enugu State budgeted 32 per cent for education, but FG is giving less than eight per cent.
“He can still increase it, they should liaise with the executives and come out with a budget that is not less than 15 per cent as he promised during the election.”
National president, The Academic Staff Union of Polytechnics, Dr Anderson Ezeibe, also told The PUNCH “It is demoralising to see the allocation follow the same trend as in the past.
“The sectoral allocation for education is less than eight per cent and can barely provide solutions to the multifaceted problems in the sector. The allocation is inadequate and falls short of the expectations.”
While speaking on the japa syndrome, which he said had led to an overwhelming brain drain in the university system, he advised the government to increase the salaries of lecturers, pay the backlog of Earned Allowance and withheld salaries.
Osohodeke added, “They should increase lecturers’ salaries, and the increment of retirement age, will enable lecturers to produce more PhDs, but the government is not interested in the system. They should separate lecturers from civil servants.”
He also complained about the lack of international lecturers in the tertiary institutions in Nigeria, saying, “For you to be well-ranked, you have to get lecturers all over the world to come lecture in your system. We pay the least remuneration to professors, globally.
“Professors in Nigeria earn between $200 to $300 a month but when such a professor moves to Rwanda, he earns $3000.
“The government should allow universities to run on its own, they should sign the agreement with Nimi Briggs. They can do all these if there is willpower.”
Ezeibe, added, “The only way to stop the japa syndrome and save our sector from brain drain is to improve funding for the education sector, improve the wage structure to meet at least the African average, and restore governance in the sector to global standards. By doing these, our academics who are leaving will stay back as they will be better motivated.”
NEWS
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.
In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.
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He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.
The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.
“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.
He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.
“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.
Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.
“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said
He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.
“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”
Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.
He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.
“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.
Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.
“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.
He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.
International News
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.
In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”
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The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.
Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.
The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.
With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.
NEWS
Edo State Governor Sets Up Committee To Recover Missing Gov’t Vehicles
Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.
The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.
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Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.
He urged the committee to carry out its assignment thoroughly and within the bounds of the law.
In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.
“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.
“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”
The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.
“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”
He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.
“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.
The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.