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Man, 27, dies in Ogun fire incident

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A 27-year-old man, identified as Tolu Falansa, was found dead in his apartment following a midnight fire incident in the Owode-Yewa community, located in the Yewa South Local Government Area of Ogun State.

According Metro learnt from a police source familiar with the incident on Saturday, who wished to remain anonymous due to a lack of authority to speak for the command, that the incident occurred at about 5:00 am on July 28, 2024.

Falansa, who reportedly kept his motorcycle inside the room where he slept, was found lying dead beside the machine in a room filled with smoke.

A resident, known only as Kafaya, told the police that they only discovered the incident when some people came looking for the deceased.

“We didn’t think something of that nature had happened until two boys came to look for Falansa. I pointed his apartment to them when they asked where he was,” Kafaya said.

According Metro learnt that Kafaya was in shock when the individuals returned to inform her that Falansa had died of smoke inhalation in his apartment.

The spokesperson for the Ogun State Police Command, Odutola Omolola, confirmed the incident to According Metro on Sunday and noted that the body had been taken to the Ilaro mortuary.

Odutola said, “The incident was reported to the Owode-Yewa Police Division at about 7 a.m. on July 28, 2024, by one of the neighbours. When our men went to the scene, the motorcycle he kept in his room had burnt while his lifeless body was lying inside the same.”

According Metro reported a similar incident in January 2024 when a midnight fire killed seven members of a family—father, mother, and five children—in the Tudun Wada area of Nassarawa Local Government Area, Kano State.

A spark from an electrical plug, when power was restored in the area, was believed to have caused the death of seven family members while they were asleep.

Katsina traders count losses, lament low patronage

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Traders in Katsina State capital, Katsina State, on Sunday, decried low patronage following the nationwide #EndbadgovernanceinNigeria protests.

According Metro had earlier reported that the protests had led to various degrees of injuries of unspecified number of both the security personnel and protesters, looting of government and private establishments as well as destruction of property worth billions of naira in the state.

The traders, who are mostly petty traders, spoke with our correspondent on Sunday and lamented that customers were declining day by day, especially at the commencement of the protest.

“They don’t come to buy again due to the high price of our commodities”, a perfume and caps seller at the Jikan Hajiya plaza in Katsina metropolis told According Metro.

“And I exhausted all my money in purchasing all you’re seeing, and before you know it, you will spend the whole capital you have accumulated”, he said.

Also, a middle-aged petty trader at the Katsina Hajj Camp Roundabout, simply identified as Adams, lamented that the business was not encouraging compared to the days before the protest, saying, “I have spent over a decade in a fruit-selling business in this area, but the situation is different from the day one of the protest till today, Sunday. All we see is low patronage and I’m afraid that even to feed my family will be hard. I urge the Federal Government to support us with soft loans or grants to address inflation and economic hardship.”

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Marketers stop fuel supply, queues resurface

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Oil marketers have explained that the reappearance of queues at filling stations in many states is because of the halt in the supply of petroleum products by dealers in a bid to avert losing their assets due to the ongoing nationwide hunger protests.

Many states in Nigeria, including the Federal Capital Territory, Abuja, witnessed varying degrees of queues about two weeks ago, which the Nigerian National Petroleum Company Limited blamed on a “hitch in the discharge operations of a couple of vessels.”

While the company and stakeholders worked together to tackle the challenge, the nationwide protest against hunger and economic hardship commenced on Thursday, August 1, 2024, disrupting petrol supply again and causing the reappearance of queues in some states.

The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, Chief Chinedu Ukadike, told our correspondent that marketers were advised to close their stations during the protest to avoid losing their assets.

He also stated that many tankers did not load products during the first and second days of the protest, stressing that this distortion in the supply chain would cause shortages in states where the products would have been supplied.

“Although the National President of IPMAN, Abubakar Maigandi, urged independent marketers to go out and do their businesses normally and asked the security agencies to protect our facilities, it is pertinent to note that as at the time we were about to sell, we were called by the security agencies to step down the selling of products at that time.

“They said this is because they want to be able to control the situation during the protest and the vandalism of marketers’ properties. Now that the trucks are no longer moving due to this protest, the depots are not working, the truck drivers are not driving, particularly during the first and second days of the protest, these issues have disrupted the supply of petroleum products. So it will result in scarcity at the filling stations,” Ukadike stated.

On Friday, The According reported that the hunger protest halted petrol loading at the Lagos depots, causing fuel scarcity to persist.

Sources confirmed to The According that the depot owners refused to open for business over fears of violence.

An operator who pleaded anonymity stated that members of the Nigeria Union of Petroleum and Natural Gas Workers were ready to support the depots in loading fuel. Still, the depot owners refused to take a risk.

“There were no activities at the Lagos depots on Thursday and Friday for two obvious reasons. One, we are still battling the paucity of the product; and two, the security concern on the roads after loading due to the hardship protest.

“NUPENG is ready to support depots to load, but the security situation is a drawback. Hopefully, if the situation improves later today loading may continue tomorrow,” the source had stated.

The IPMAN official, however, stated on Sunday that some trucks had commenced skeletal operations, and expressed hope that the fuel supply situation would improve provided the protests abate considerably.

“But now that some trucks have started skeletal operations and businesses are gradually resuming, the independent marketers will also return to business to address the fuel scarcity. However, it will not disappear immediately, rather it is going to clear gradually.

“So it is important to state that the protests, particularly during the first and second days, truncated the supply value chain, leading to fuel scarcity in many states. So it is the ripple effect of the protest that we are feeling now as fuel scarcity, but we hope to clear it.

“I will also want to use this opportunity to call on the protesters to stop the protests. The President has pleaded with them and has heard their demands. Let us therefore give him time to act by addressing these demands. And this can only be done when the protests stop,” Ukadike stated.

Scarcity in states

Meanwhile, many states including Lagos, Abuja, Katsina, and Delta, among others, witnessed varying levels of fuel scarcity on Sunday.

Scarcity of petrol was experienced in Warri, Delta State, and environs on Sunday as the commodity was dispensed at filling stations in the metropolis at between N850 and N1,000/litre.

Most dealers attributed the scarcity to the non-loading of products at the depots by members of the Petroleum Tanker Drivers due to the ongoing nationwide #EndBadGovernance protest.

They however expressed hope that normalcy would return if and when the protesters sheath their swords and return to work.

In Asaba, the Delta State capital, fuel was sold at N1,000/litre on Sunday, as queues resurfaced at the filling stations.

In Rivers State, petrol was sold at between N850 and N870/litre at filling stations in Port Harcourt and its environs.

In the aftermath of the protests, fuel was scarce on Thursday and Friday and most filling stations were closed for fear of being attacked by irate youths.

But on Saturday, the fuel stations gradually returned and were selling between N870 and N850/litre.

In Akwa Ibom State, fuel was sold at between N870 and N890/litre, as filling stations in the state dispensed fuel without any queues.

In Edo State, few filling stations opened on Sunday to attend to customers, and this was due to the ongoing nationwide protest, as there were few vehicles around the city.

The fuel stations that opened for business sold for between N800 and N830/litre, with few vehicles in the queues waiting to be attended to.

The price of petrol in the Enugu State capital was between N780 and N890/litre on Sunday. While major marketers dispensed it at N780/litre, independent dealers sold it at between N850 and N890/litre. In the black market, a litre was sold at N1000/litre in Enugu.

Kaduna residents faced a challenging Sunday as no fuel station was open to the public, leaving motorists and road users stranded.

The few stations that operated, like Future View around Sabo Area, sold fuel at an exorbitant price of N860/litre, with no queues due to the ongoing #endbadgovernance protest that kept people indoors.

Major fuel stations and independent marketers shut their doors, while some remained locked as of Sunday evening when this report was filed.

However, black marketers took advantage of the situation, selling fuel at an inflated price of N1000/litre in some areas and N4,500/gallon in others.

The fuel scarcity and price hike added to the woes of Kaduna residents already reeling from the protests and uncertainty. The situation remains dire, with no indication of when fuel stations will resume normal operations.

In Gombe State, black marketers sold petrol at N1,200/litre.

Confirming this, a resident in the state, Johnson Mamedu, said, “I bought fuel for N850 and to get it immediately at the roadside from black marketers it is N1,200. I really don’t know where we are going to in this country.”

Public debt stock may hit N130tn by Dec – Report

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Nigeria’s public debt stock is projected to hit N130tn this year, raising concerns about the country’s debt-to-gross domestic product ratio.

This was revealed in a report by Afrinvest, an investment management company, titled, ‘Bank Recapitalisation, Catalyst for a $1tn Economy, ‘ unveiled in Abuja recently.

Nigeria’s public debt stock, which includes external and domestic debt, stood at N121.67tn in the first quarter of 2024, up from N97.34tn in the fourth quarter of 2023, according to the National Bureau of Statistics, indicating a growth rate of 24.99 per cent on a quarter-on-quarter basis.

Afrinvest estimated that the fiscal deficit, total public debt stock, debt-to-GDP, and debt-servicing-to-revenue rate would exceed N13.0tn, N130tn, 55 per cent, and 60 per cent by 2024 year-end, respectively.

As of Q1 2024, Nigeria’s public debt stock stood at N121.7tn, comprising N77.5tn (63.6 per cent) in domestic debt and N44.2tn (36.4 per cent) in external debt.

The domestic debt includes N44.8tn in Federal Government bonds, N20.3tn in Treasury bills, and N12.4tn in other domestic debt.

The external debt is made up of N14.3tn from multilateral creditors, N10.9tn from bilateral creditors, and N19.0tn from commercial creditors.

The investment management firm in its report, also said the 2024 budget is based on ‘overly optimistic’ revenue assumptions, which could lead to a repeat of the historically disappointing budget performance.

“The expectation of a 43.9 per cent share of the projected revenue from oil and other minerals is unrealistic,” the report stated.

Afrinvest’s assessment of the 2023 actual budget revealed a sustained under-performance, with actual revenue outpacing the budgeted amount by 7.6 per cent to N11.9tn.

However, aggregate expenditure rose by 31.8 per cent to N18.8tn, leading to a higher deficit of N46.9tn.

“The share of Federal Government’s debt in total public debt stock rose 44.6 per cent year-on-year to N487.3tn, accounting for 89.7 per cent of total public debt stock by year-end,” the report noted.

Afrinvest further stated that “the Federal Government’s expansive borrowing plan could rub off negatively on banks’ deposits, given the attractive yields on risk-free papers as compared to interest on banks’ deposit.”

It added, “We believe banks would continue to battle heightened risks of asset deterioration, partly induced by the consumption-tilted budgetary patterns.”

Meanwhile, Afrinvest commended the Central Bank of Nigeria’s move to streamline the number of Bureau De Change operators, sustained the policy on the collapse of the previous multiple forex segments, and resumed periodic sales of forex to approved BDCs at a discounted rate.

“The CBN supervision of BDC operations has been enhanced, and compliance has improved due to higher stakes of the operators,” the report noted.

However, Afrinvest warned that “what should have been a short-term pain from this policy action has become endemic, due to the weak forex reserve war chest to adequately meet up with market demand.”

The report recommended exploring alternative sources of forex, such as bilateral loans, natural resource-tied loans, debt-for-nature swaps, and asset concessions, to provide extended short-term reliefs.

“For the forex market to experience sustainable tranquillity, traditional forex inflow sources – oil production, remittances, and foreign portfolio investment – must be revitalised by supportive fiscal policies. Standalone, these policies will only deliver short-term relief on the forex debacle,” the report stated.

LG autonomy will foster transparency – APC chieftain

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A chairmanship aspirant for Ikoyi/Obalende Local Government Area of Lagos State, on the ticket of the All Progressives Congress, Omotola Soares, has said the local government autonomy will foster transparency at the grassroots level.

Soares said this during the Ikoyi/Obalende youths buffet and interactive session held at Victoria Island, at the weekend.

While declaring his ambition to vie for the chairmanship of the LG in the forthcoming election in the state, he said the development would make the council more accountable.

“LG autonomy means that you can stand on your own. It means money comes straight to the local government and its council. This signifies that there’s no bureaucracy and nothing comes between you and the money as a chairman, making you accountable.

“If I emerge as the chairman, I promise to be transparent with what I have done with the money. There are lots of programmes that can be set up with the money to better the community, such as empowerment and skills acquisition programmes.

“Empowerment is imperative. A leader must have the ability to hear when the people are not saying anything and to pay attention to important details.

“We care about the people, the community and what is going on around us. We believe certain issues need to be addressed,” he said.

The aspirant pleaded with the youth to shun violence and protests, while promising to tackle unemployment if elected.

“Tackling unemployment of the youth and the issues of security are my priorities. We also need to tend to the welfare of the youth and older generations within the community.

“To implement my vision for my area, we have engaged the youth to find out their stance on how things were being done, and what more needed to be done to help them and the community.

“One of the initiatives I’m taking is internship programmes on skills for the youth. This would introduce them to the labour market and they would gather more skills such as IT and good communication. We’re going to support them,” Soares said.

A member of the campaign team, Adeshina Arawole, speaking at the event, harped on the need for parents and guardians to monitor their wards, set examples and create awareness to help curb drug abuse and cultism.

Protests resume in Lagos Monday, say organisers

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Organisers of the ‘End Hunger’ protest in Lagos have said they will converge at the Gani Fawehinmi Freedom Park, Ojota, on Monday, to continue their demonstration.

This is according to a Sunday statement signed by Hassan Taiwo, Ayoyinka Oni and Adegboyega Adeniji, on behalf of the #EndBadGovernanceInNigeria Organising Committee, Gani Fawehinmi Park, Ojota, Lagos State.

They said they had listened with rapt attention to President Bola Tinubu’s broadcast on Sunday and “consider it rather unfortunate” that it took President Tinubu three days of protest to address the country.

Tinubu affirmed in the nationwide broadcast on Sunday morning that his administration was ready to listen to and address the concerns of protesters, affirming that he had heard their calls “loud and clear.”

“I hereby enjoin protesters and the organisers to suspend any further protest and create room for dialogue, which I have always acceded to at the slightest opportunity,” the president said.

The organisers noted that they consider the decision to address the nation an “important victory for our movement.”

“Without our courage and resolve to dare the odds, even this acknowledgement would not have happened. So far, we have demonstrated that a President is not greater than the rest of the country,” the statement read.

While taking note of Tinubu’s offer of dialogue, they noted that they were concerned that in the same breadth, the President had also ordered that the protest be suspended.

“In our view, the president cannot be approbating and reprobating at the same time. The President cannot offer an olive branch while at the same time holding a dagger to our throat,” the trio said.

The statement condemned the scenario “where thugs attacked protesters who had gathered for Sunday morning worship thereby injuring many.”

It added, “So we therefore call on all Nigerian youth and mass of the people to join us by 7 am at Gani Fawehinmi Park, Ojota, Lagos tomorrow (Monday) August 5, 2024, which is Day 5 of the protest.”

The Lagos protest had been considered peaceful by the state government, but a video on Sunday captured by Channels TV showed protesters being chased by hoodlums wielding sticks at Ojota a few hours after the President’s address.

A video also trended over the weekend showing the moment a protester addressing a journalist was hit in the head by a hoodlum during a live interview on the protest grounds.

The organisers also called the Nigeria Labour Congress and the Trade Union Congress, the media, and the Nigerian Bar Association not to watch with arms folded what they described as attempts “to chase us out of the streets instead of addressing our demands.”

“As far as we are concerned, the #EndBadGovernance protest emerged from the suffering and frustration of ordinary Nigerian youth and people,” they added.

Nigeria’s Ajayi, Ashe fail to make men’s 100m final as Noah Lyles wins gold

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Noah Lyles has emerged men’s 100m Olympic champion after running a big personal best to win the title in 9.79seconds on Sunday night.
Kishane Thompson settled for Silver in the race, clocking an identical 9.79s to finish second.
Fred Kerley took the Bronze medal in a time of 9.81s.
Akani Simbine ran a new South African Record of 9.82s to finish 4th in the race, narrowly missing out on a podium placement.
Team Nigeria’s Kanyinsola Ajayi and Favour Ashe delivered below-par performances in the semi-finals and didn’t make it to the final.
Read Also: Golden Slam! Djokovic beats Alcaraz to finally win Olympic gold
Ajayi, who had impressed in Saturday’s heat, did not meet expectations in the semi-final, finishing sixth in his race.
South Africa’s Akani Simbine won with a time of 9.87s, and Botswana’s Letsile Tebogo came in second with 9.91s.
Ashe, also making his Olympic debut, finished sixth in his semi-final.
Jamaica’s Oblique Seville won the race in 9.81s, with world champion Noah Lyles taking second place with a time of 9.83s.
Meanwhile, the Nigerian duo of Samuel Ogazi and Chidi Okezie made their Olympic debut in the men’s 400m at the Paris Olympics, with Ogazi running the best race of his life to qualify for the semifinal.
The post Nigeria’s Ajayi, Ashe fail to make men’s 100m final as Noah Lyles wins gold appeared first on Latest Nigeria News | Top Stories from TVN.

Tinubu seems not to understand why people are protesting

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Some residents of Umuahia, capital of Anambra, on Sunday, urged President Bola Tinubu, to address the problem of hunger in the country to put an immediate end to the ongoing nationwide protest.

The people made the request in separate interviews with the News Agency of Nigeria, describing the widespread hunger as the root cause of the protest.

They spoke against the backdrop of Sunday’s nationwide broadcast by the president.

In the broadcast, he ruled out the chances of reversing the policy on fuel subsidy removal, despite the agitation by the #EndBadGovernanceIn Nigeria protesters.

A resident, Mr Onyebuchi Irunna, argued that the protest was about the pervasive poverty in the country which, he said, was worsened by the high cost of living.

Irunna said: “I listened to Mr President’s broadcast today and I can say that he seems not to understand why the people are protesting.

“He said that he would not reverse the fuel subsidy removal, giving reasons for some of his economic reforms.

“The truth is that Nigerians are hungry and, if reversing the policy will bring immediate solution to this hunger, I think the government should listen to the people.”

A retiree, Mr Ibe Kanu, called on the president to obey the voice of the people by restoring the fuel subsidy.

“The president talked about the government’s efforts to bring about economic development, which is good, but the truth is that people are dying.

“It is the duty of the government to save the lives of the citizenry.

“So, of what good is a policy that is only causing untold hardship and death.

“Several lives have been lost in the past few days due to the ongoing protest; this government had the opportunity to prevent this but it could not,” Kanu said.

Also, a businesswoman, Mrs Caroline Ogbonna, said that fuel subsidy was the only thing the common man was enjoying from their country that produces oil.

“Our predicament as a country worsened the moment the president announced in his inaugural speech on May 29, 2023, that subsidy was
gone.

“He should toe the path of honour by reversing the policy, just as former President Goodluck Jonathan did during his tenure.

“Government should also reduce its expenses,” Ogbonna said.

He described the government’s huge spending on some unnecessary projects, including the purchase of N160 million Jeep for each member of the National Assembly, as a sheer display of opulence in the face of abject poverty amongst Nigerians.

NAN.

Protest: Arrest those blocking major roads – Edo govt orders police

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The Edo State Government has ordered security agencies to arrest members of #EndBadGovernance protesters found blocking major roads, obstructing vehicular traffic and extorting motorists.
Chris Osa Nehikhare, the Commissioner for Communication and Orientation, made the call on Sunday in a statement made available to newsmen in Benin City.
Nehikhare said any person arrested would be made to face the full weight of the law.
According to him: “We would like to sound a note of warning to hoodlums and criminals who would want to take advantage of the protest to cause mayhem, that security forces have been mandated to apprehend and arrest anyone caught disrupting public peace or perpetrating crime of any kind.
“We have received information that some persons have taken to blocking major roads, obstructing vehicular traffic and extorting motorists. Security persons have been mandated to round up all those involved in such criminal activities as they would be made to face the full weight of the law.”
He said the state government commended protesters in the state on their peaceful conduct during the nationwide protests.
He also added that the protesters have carried themselves responsibly in expressing themselves and letting their voices be heard on the state of affairs in the nation.
The commissioner opined that in the last four days, the protesters have shown to be law-abiding, bonding with men of the Nigeria Police Force, NPF, and other security agencies who were on hand to ensure that law and order are maintained during the demonstrations.
He enjoined law-abiding members of the public to go about their lawful businesses without fear, as government will continue to work to ensure growth and progress of the state.
Protest: Arrest those blocking major roads – Edo govt orders police

My plan to reduce suffering of Edo people, says Obaseki

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The Edo State Governor, Godwin Obaseki, on Sunday, said his government has undertaken several bold and deliberate steps to reduce hardship  in the state.

He also noted that the state government was implementing several people-oriented programmes to reduce the suffering of Edo people in the wake of the difficult living conditions which the people have had to endure, arising from various policies that have been implemented by the Federal Government.

Obaseki, listed some of the programmes to ameliorate the sufferings of the people including raising the minimum wage for workers to N70,000 to boost their purchasing power, introducing a free transport scheme along the routes operated by the Edo City Transport Service, extending free Wi-Fi services to public spaces to help citizens telecommute and kick-starting a state-wide feeding for the vulnerable implemented in partnership with Christians and Muslim institutions, among others.

He expressed concerns that even though the well-intended measures yielded positive results and brought some relief, the people are still burdened by the worsening prevailing macroeconomic conditions in the country.

The governor said the deteriorating and difficult socio-economic circumstances faced by Nigerians including citizens of Edo State was what led the people to take to the streets to express their displeasure with their current living conditions through the ongoing nationwide protests.

He said, “The protest is obviously the result of the difficult living conditions which Nigerians have had to endure particularly over the last one year, arising from various policies that have been implemented by the Federal Government.

“These policies have taken a severe toll on citizens who have had to endure astronomic high food prices, high transportation costs, galloping inflation and loss of operating capital by small business owners across the country.”

“In Edo State, we have taken several actions within our constitutional authority to reduce the suffering and hardship of our people by showing empathy and supporting our people to weather and survive this trying time despite the challenges witnessed across the nation.

“Some of these measures include raising the minimum wage for workers to N70,000 to boost their purchasing power – the first state in the country to do so. We also introduced a free transport scheme along the routes operated by the Edo City Transport Service (ECTS). We extended free Wi-Fi services to public spaces to help citizens telecommute and kick-started a state-wide feeding for the vulnerable implemented in partnership with Christians and Muslim institutions.”