NEWS
Subsidy: Colleges Of Education Academic Staff To Work Twice Weekly
In a bid to survive the harsh realities imposed by the fuel subsidy removal, academic staff of Colleges of Education in Nigeria have resolved to be attending physically at their duty posts twice every week.
The Colleges of Education Academic Staff Union (COEASU) made the disclose on Wednesday, when it also stated that the measure was an interim one, pending when the government addresses the issues caused by the subsidy removal.
National President, COEASU, Dr Sam Olugbeko, in a media statement noted that its members could no longer survive on the current minimum wage hence the union was left with no choice but to direct members to only go to work twice weekly.
The statement reads, “The National leadership of our great Union in its extraordinary meeting held on Tuesday, 18th July 2023 had agreed to direct its members to go to work two days weekly until Federal Government yields to its demand of 200 percent increase in salary amidst the difficulty of members to get to work as a result of hike in the price of petrol.
“The implementation of the removal of fuel subsidy by the Federal Government two months ago raised the price of a litre of petrol by 250%.
“This worsened the inflationary rate on the cost of transportation, food, and other essential commodities and impoverished the Nigerian people.
“Workers, including staff of Colleges of Education, kept faith with the government and chose to endure the untold hardship thinking it would be only for a while as the government promised to roll out palliative measures including a significant increase in salaries.
“Alas! While our capabilities to sustain hope were already exhausted, the price of petrol rose further to N650 per litre.
“Now, the leadership of the Union has been inundated by members’ complaints that they could no longer go to work as a result of a hike in the price of petrol and the resultant high cost of transportation.
“Against this backdrop, it has become inevitable for the Union to direct members to go to work only two days weekly while an emergency NEC meeting shall be convened to ratify this decision and decide on the specific days of the week members are to go to work.
“The present salary of staff of Colleges of Education was approved in the year 2010 – 13 years ago! This means we have been on the same salary since 2010 while petrol prices rose intermittently from N65/N70 in 2010 to N650 in 2023 (tenfold increase).
“Our salary structure which is subject to renegotiation at 3-year intervals has remained static for 13 years, skipping four due renegotiations.
“It is ludicrous that the government has refused to return to the negotiation table on the welfare package for staff after the Union, prior to the removal of the fuel subsidy, had proposed a 200% increase in salary as against the government’s offer of a ridiculous 35% for Chief Lecturers and 23% for other cadres.”
On the way forward, the union called on the government to immediately seek lasting solutions to prevent crisis in colleges of education.
“We call on the FG to urgently do the needful because the inevitable action of the Union against this hardship will have devastating effects on the students as it will lead to a prolonged academic calendar – a semester of 16 weeks will become 32 weeks or more; while Teaching Practice exercise of 6 months will become 12 months.
“We call on His Excellency, President Bola Ahmed Tinubu to quickly address the issue of salary adjustment for staff of Colleges of Education. We believe in the capacity of the President to address this problem as he did when he was the Governor of Lagos State where he so generously increased the salaries of staff in the then Lagos State-owned Colleges of Education that they became the highest paid nationwide,” the union said.
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.