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September 9, 2024 Petrol Price Hike: Edo Schools’ Resumption Postponed Indefinitely
IFMNEWS

Petrol Price Hike: Edo Schools’ Resumption Postponed Indefinitely

The Edo State Government has postponed the resumption of schools due to the rising petrol prices and the difficulties faced by parents and guardians. Schools across most of Nigeria were originally scheduled to reopen on Monday, September 9.

In a statement signed by the Permanent Secretary of the Ministry of Education, Ojo Akin-Longe, the government announced that the reopening of all public and private schools has been postponed "until further notice."

Part of the statement reads: "An official directive from the government has instructed that schools remain closed due to the tension arising from the recent fuel price hike and the challenges this poses for parents and guardians."

The government also urged parents, guardians, and caregivers to closely monitor their children's activities in light of the current situation and the growing unrest caused by the fuel price increase.

The Nigerian National Petroleum Company Limited (NNPCL) recently raised the pump price of petrol to ₦855 per liter at its retail outlets, leading to long queues at filling stations. Independent petroleum marketers have followed suit, increasing prices to over ₦900 per liter, with black market prices exceeding ₦1000 per liter.

September 9, 2024 16 Children Rescued from Alleged Trafficking Gang in Rivers State
IFMNEWS

16 Children Rescued from Alleged Trafficking Gang in Rivers State

A total of 16 children, believed to be victims of trafficking, have been rescued from their captors in the Osuoha area of Port Harcourt. The incident gained widespread attention after a video went viral on social media, showing the children and appealing to good Samaritans to help identify their parents.

Although the Rivers State Police Command has yet to release an official statement, and messages sent to the Public Relations Officer remain unanswered, investigations by our correspondent have provided some clarity on the situation.

According to a high-ranking police source who requested anonymity, there was an altercation at a compound in Ozuoba when two women, suspected of being part of a human trafficking ring, were arrested by plainclothes operatives from an unidentified security agency. These women had been acting as the children's guardians until their arrest.

Following the women's apprehension, the children caused a disturbance, prompting the Divisional Police Officer of the Ozuoba division to take them all into custody. Our correspondent has learned that the children were later transferred from Ozuoba Police Station to the CP Monitoring Unit at the Old GRA Police Station, where they remain under protective custody.

Interestingly, as of the time of this report, the police are still attempting to determine the whereabouts of the two women and which security agency was responsible for their arrest.

In total, 16 children, ranging in age from 5 to 16, have been recovered. Of these, nine are girls, and seven are boys. This incident is not the first case of child trafficking handled by the Rivers State Police Command.

September 9, 2024 VAT Remains 7.5 Percent— Wale Edun
IFMNEWS

VAT Remains 7.5 Percent— Wale Edun

On Monday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, dismissed rumors claiming that the value-added tax (VAT) rate had been increased from 7.5% to 10%. In a statement personally signed by the minister, he clarified that the VAT rate remains at 7.5% as specified by existing tax laws.

“The current VAT rate is 7.5%, and this is the rate applied to goods and services as per the law. Neither the Federal Government nor any of its agencies will act against these established regulations,” Edun stated.

He emphasized that a solid tax system relies on three pillars: tax policy, tax laws, and tax administration. According to him, the government's priority is to use fiscal policy to foster sustainable economic growth, reduce poverty, and encourage business development.

Edun also addressed media reports suggesting that the government’s tax policies are designed to burden Nigerians, calling such claims inaccurate. He pointed out that the government has actively taken steps to ease the financial strain on citizens, including the recent suspension of import duties, tariffs, and taxes on essential food items like rice, wheat, and beans.

“For clarity, as of today, VAT remains 7.5%, and that is the rate applied to all VAT-able goods and services,” Edun reiterated.

September 9, 2024 Petrol Price Hike: NANS Seeks Meeting with Tinubu, Engages Dangote, Oil Marketers, and Lokpobiri for Dialogue
IFMNEWS

Petrol Price Hike: NANS Seeks Meeting with Tinubu, Engages Dangote, Oil Marketers, and Lokpobiri for Dialogue

The National Association of Nigerian Students (NANS) has expressed its readiness to meet with President Bola Tinubu, if necessary, to demand a reversal of the recent increase in petrol prices.

NANS Secretary, David Bariereka, revealed this during an interview, stating that the student body is in discussions with key stakeholders in the petroleum sector, including Aliko Dangote, oil marketers, and the Minister of State for Petroleum (Oil), to find a solution to ease the burden on the public.

This comes after NANS announced plans to proceed with a nationwide protest against the fuel price hike, scheduled for September 15, 2024. NANS Senate President, Henry Okuomo, reaffirmed the group’s determination during a recent interview, saying the union intends to hold the government accountable for the hardships Nigerians are facing. He emphasized that the increase in fuel prices has affected students directly, and NANS is prepared to take action, not just for fuel price reduction, but to address broader issues affecting the nation.

Okuomo explained that with over 40 million Nigerian students, NANS holds significant influence and plans to make its voice heard. He confirmed that the protest is not a threat but a certainty unless the government reverses its hardship-inducing policies.

NANS had earlier called for the removal of Nigerian National Petroleum Company Ltd. (NNPCL) Group Chief Executive Officer Mele Kyari but has since taken a more cautious approach. Bariereka urged students to disregard calls for immediate protest, clarifying that the association is not yet mobilizing for demonstrations. He acknowledged the growing challenges caused by the fuel price increase and emphasized that NANS leadership is committed to exploring all negotiation avenues with the authorities before resorting to protests.

Bariereka highlighted the success of NANS’ recent advocacy against the electricity bill hike for Band A users, which resulted in the president appointing a committee to explore solar energy solutions for Nigerian universities. He urged students to remain calm and await further directives from the NANS national secretariat regarding the response to the fuel price hike.

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