7-Storey Building Collapses In Banana Island, Workers Trapped

An eight-storey building situated inside the luxurious Banana Island in Lagos State has collapsed.

The building, sources said, is Joe Faraday’s site with ongoing construction works inside it.

A source said while it is unsure what triggered the collapse, concreting was ongoing on the sixth floor before the collapse.

A terse statement by NEMA said workers are trapped in the building and its officials are mobilising the response team to rescue the trapped victims.

https://thenationonlineng.net/just-in-eight-storey-building-collapses-in-banana-island/

Video:https://m.facebook.com/story.php?story_fbid=pfbid0UPbRLDnfcQMxL2L7HsD7gTpsC8kY44KCXJe1w7oB7mkcQGmQrbGHqBdrYVFV715gl&id=100071648022961&mibextid=Nif5oz

Seven-Storey Building Collapses In Lagos

A seven-storey building under construction has collapsed in Banana Island, Ikoyi area of Lagos State.

The incident happened on Wednesday around past 3 pm.

Watch the moment the building collapsed https://twitter.com/MobilePunch/status/1646218056849391616?t=2yHbQEZIqmLCNB4rn_35kA&s=19

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Nigeria’s Unemployment Rate To Rise To 41% In 2023- KPMG

Global audit and tax advisory firm, KPMG, has projected that Nigeria’s unemployment rate is expected to rise to 40.6% as compared to 2022’s 37.7%.

KPMG detailed this forecast in its International Global Economic Outlook report – H1 2023 on Tuesday, where it stated that “unemployment is expected to continue to be a major challenge in 2023 due to the limited investment by the private sector, low industrialization, and slower than required economic growth and consequently the inability of the economy to absorb the 4-5 million new entrants into the Nigerian job market every year”.
The report also revealed in part that there are expectations for GDP to continue to grow at a relatively slow pace of 3% in 2023 owing to the slowdown in economic activity that typically characterizes periods of political transition in Nigeria.
Furthermore, the spillover from an expected slowdown in the global economy in 2023 and its trade and financial flow implications are expected to drag
on GDP.
“Additionally, growth will be negatively affected by the Naira Redesign Policy introduced in Q4 2022 and Q1 2023 and its implications on key non-oil sectors like manufacturing, trade, accommodation and food services, transportation, and other services, further slowing down overall GDP growth in 2023,” the report read.

On the resurgence of major aspects of the economy, it forecasted that the telecommunications, trade services, as well as the oil sector, are expected to see recoveries, on account of measures being taken to tackle security issues.

https://www.channelstv.com/2023/04/11/nigerias-unemployment-rate-to-rise-to-41-in-2023-kpmg/

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Electronic Collation Of Results Not Compulsory – Ex-INEC Spokesman

A former Director of Voter Education and Publicity of the Independent National Electoral Commission (INEC), Oluwole Osaze-Uzzi, on Tuesday, said electronic collation of results for the 2023 general elections was not compulsory.

Osaze-Uzzi, who spoke on Channels Television’s Politics Today, said the prescribed mode of collating results is manual.

Former Director of Voter Education and Publicity of the Independent National Electoral Commission, Oluwole Osaze-Uzzi, speaks on Channels Television’s Politics Today on April 11, 2023.

Making reference to Section 64 (4) of the Electoral Act, the former INEC spokesman said section empowers the electoral commission to start collating the result upon verification and confirmation of the result.

“The prescribed mode is the manual collation; it didn’t say you should collate electronically. There is nowhere in the law, guidelines you will see electronic (collation of result),” he stated.

“Go back to (Section) 64 (4). Verification and confirmation, that is what is required with the electronically transmitted. But collation is still manual.

“Before you start that process, you must go to the electronic ones and say ‘Are these figures consistent?’ It doesn’t say to start collating from the BVAS, transmitted results. It says to start collation. Before you start collation, look at it and if the figures are the same, you gather all the EC8As together. In that sense, it is a manual process.”

N3bn On Electoral Cases?

Although the presidential and governorship polls have been held nationwide, there are still litigations filed by aggrieved parties who are challenging the outcome of the exercise.

In view of this, there are reports that INEC has budgeted over N3 billion to defend the results of the February 25 presidential and National Assembly elections and the March 18 governorship and state assembly polls.

Commenting on the issue, Osaze-Uzzi said though he read the reports in the media, he cannot officially verify how true it is from INEC.

He said, “I read that on social media, but I don’t know if it is an official statement from the commission. But yes, N3 billion for defending. But not just defending, but to the logistics of moving things around.”

https://www.channelstv.com/2023/04/11/electronic-collation-of-results-not-compulsory-ex-inec-spokesman/

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Okoli Ahize Chizoputam Killed By OAU Students Over Phone Theft Allegations

 

The students Civil Engineering, Awo Hall of OAU have tortured and killed a civil engineering student named Okoli Ahize Chizoputam aged 28, for allegations of phone theft.

A practice by the University titled Maximum Scientific Shishi being a code name for torturing students that are alleged to have committed an offense. This practice is always moderated by the Hall Chairman

In the case of Mr Okoli, the Awo Hall Chairman Badiora Timilehin and his social director Omiskin Seye were the moderators.

Sadly this despicable practice led to the death of young man as he was taken to the Teaching Hospital already Dead (BID).

The Moderators have been arrested by DSS of Ife Central.

There is no way @OAUniversity should be left out of this barbaric practice in the campus

So sad

https://twitter.com/chymaker/status/1645892776608018432?s=20

OAU: 500-level Student Tortured To Death

A 500-level Civil Engineering student of Obafemi Awolowo University, Ile-Ife, Okoli Ahize Chizoputam, has been killed over alleged phone theft on campus.

THE WHISTLER gathered that Chizoputam, 28, allegedly stole the phone at Awolowo Hall on Monday.

It was learnt that the final-year student was handed over to the leadership of the student union who further tortured him to death.

A source in the school said, “After Chizoputam was attacked by a mob, he was handed over to the student union leaders at Ken Saro-Wiwa hall. He was later tortured severely before he was rushed to the hospital where he gave up the ghost.”

The president of the OAU student union, Olayiwole Festus, confirmed the death of the final-year student.

He explained that “he was assaulted in a mob action at Awo Hall yesterday. The student was declared dead on arrival at the Emergency Medicine Department of OAU Teaching Hospital this afternoon.

“Preliminary investigations show that the deceased was accused of having stolen a phone. While we await an official report from the law enforcement agencies, I must state that this incident is a very sad one for Great Ife Students’ Union because our Union is not a Union of barbarians but that of intellectuals.

“Arrests and investigations of individuals suspected to be connected with the assault of the deceased are being made for consequent legal actions. Our Union does not support mob actions and justice must be served in this incident. Pending investigations of this unfortunate development, the activities of the Hall Executive Council of Awo Hall are suspended immediately.”

Similarly, the management of the institution through its spokesperson, Mr Abiodun Olarewaju, said an investigation is on and would make their position known after the investigation.

https://thewhistler.ng/oau-500-level-student-tortured-to-death-for-stealing-phone-on-campus/

Facebook User, Olumide GlowVille explains the meaning of "Maximum Shi Shi"

Everyone who graduated from OAU Ife must be familiar with the term Maximum Shi Shi (MSS).

It is a form of jungle justice meted out to people accused of theft, cultism, or any form of vice the student union frowns at.

The modus operandi is to parade such person around the hostels to receive beating from students. 

Victims of such treatment are usually beaten to a pulp, left with a swollen face and multiple injuries.

I remember the case of a guy caught in Awolowo Hall for stealing 5 laptops. Dude had successfully carted away the 5 laptops, he went back to take the laptop chargers when he was caught.

He was given maximum shishi and that was the last I ever saw or heard of him. 

I have always wondered if that guy and others like him were handed over to school authorities afterward or they just left the school out of shame. 

This morning, I read on Twitter that students of Awo Hall of OAU have tortured (Maximum Shi Shi) and killed a civil engineering student named Okoli Ahize Chizoputam aged 28, for allegations of phone theft. 

In the case of Mr Okoli, the Awo Hall Chairman Badiora Timilehin and his social director Omisakin Seye were the moderators.

Sadly this despicable practice led to the death of young man as he was taken to the Teaching Hospital already Dead (BID)

The moderator have been arrested by DSS of Ife Central

I really hope this serves a lasting lesson to the student community and this barbaric practice is banished forever! 

Jungle justice is never the right justice. 

#OG♠️

https://m.facebook.com/story.php?story_fbid=pfbid02vEB3GmiqRjAHyiCFYq7bARFbXJxKDqMiK6VenGicBVZLhNK55Y2sgF5eFrh3ma5Tl&id=100005930495763&mibextid=Nif5oz

May 29 Inauguration: Tinubu To Inherit Insecurity, Subsidy Crisis, And More

The incoming administration will be inheriting a lot of challenges that defied
solutions under President Muhammadu Buhari’s tenure.
In less than two months, precisely May 29, Bola Tinubu will be inaugurated
as the President of the Federal Republic of Nigeria.

Nigeria has been riddled with lots of economic challenges ranging from high
rates of loans, inflation, unemployment, poverty, among others.

A report by the United Nations, UN, had claimed that Nigeria’s economy
under Buhari is worse than 10 years ago.

The UN, in its 2023 World Economic Situation and Prospects report published
on its website, said high inflation and power supply issues are impacting
growth in Nigeria.

In its flagship report titled ‘Global Economic prospect,’ the UN said: 
“The
pandemic has reversed at least a decade of gains in per capita income in
some countries— in almost a third of the region’s economies, including
Angola, Nigeria, and South Africa, per capita incomes are forecast to be lower
in 2022 than a decade ago.”

DAILY POST identifies some economic issues Tinubu’s administration would
have to tackle upon resumption of office.
Monetary Policy
Prior to the 2023 presidential election, the Central Bank of Nigeria, CBN, had
announced the redesign of some denominations of the naira. The apex bank
redesigned the N200, N500, and N1000 notes, a situation that brought about
so much hardship in Nigeria.

The policy almost brought Nigeria’s economy to a standstill as citizens found
it difficult to have access to their money, thereby, making it hard to perform
transactions.

During his campaign, Tinubu had accused some elements in the corridors of
power of using the naira redesign and fuel scarcity to frustrate his
presidential ambition. Despite the release of cash, the effect of the policy
lingers in the country. It is left to be seen how the incoming Tinubu
government would tackle it.

Loans
Despite Nigeria’s debt profile currently standing at 44.25 trillion, the Federal
Government last week hinted that it had secured an $800 million loan from
the World Bank to be used as palliatives for post-fuel subsidy removal in
June 2023.

Apart from the World Bank loan, the Debt Management Office said as at
March 31, 2020, the Total Borrowing by Nigeria from China was $3.121 billion,
this amount represents 3.94% of Nigeria’s Total Public Debt of USD79.303
billion as at March 31, 2020.

Similarly, in terms of external sources of funds,
loans from China accounted for 11.28% of the External Debt Stock of
USD27.67 billion at the same date.

The worrisome growing loan facility, which is almost becoming unserviceable,
is one major issue that would stare the next government in the face.

Insecurity
One of the uphill tasks Tinubu would face upon resumption of office is that
of insecurity across the country. 
While Boko Haram and bandits are ravaging
the Northern part of the country, unknown gunmen are rocking havoc in the
Southeast. The activities of these gunmen had widely affected Nigeria’s
economy under Buhari, hence Tinubu’s administration would have a lot to
tackle.

Unemployment
KPMG has stated that the Nigerian unemployment rate had increased to
37.7per cent in 2022 and will further rise to 40.6per cent, due to the
continuing inflow of job seekers into the job market.
The multinational consulting firm, in a newly released report tagged ‘KPMG
Global Economy Outlook report, H1 2023,’ said unemployment will continue to
be a challenge due to the slower-than-required economic growth and the
inability of the economy to absorb the 4-5 million new entrants into the
Nigerian job market every year.

“Unemployment is expected to continue to be a major challenge in 2023 due
to the limited investment by the private sector, low industrialization and
slower than required economic growth and consequently the inability of the
economy to absorb the 4-5 million new entrants into the Nigerian job market
every year.

“Although the National Bureau of Statistics recorded an increase in the
national unemployment rate from 23.1per cent in 2018 to 33.3per cent in
2020. We estimate that this rate has increased to 37.7per cent in 2022 and
will rise further to 40.6 per cent in 2023,” it said.

Inflation rate
Prior to 2015, Nigeria’s inflation rate remained at a single digit– even as
analysts opined at the time that it was high. For instance, in the whole of
2014, the nation’s inflation rate moved between 7.7 per cent, which was the
lowest, to the highest point of 8.5 per cent, official data shows.

When Buhari took over power, the inflation rate averaged 9 per cent. Since
then, the nation has seen a surge in inflation rate. Data released by the
National Bureau of Statistics, NBS, had shown that under Buhari, Nigeria’s
inflation rate hit a 16-year high amid an increase in prices and poor
purchasing power, a situation Tinubu would confront upon assumption of
office.

Fuel Subsidy
A few months to the end of Buhari’s tenure, plans have been concluded for
the removal of petrol subsidy in Nigeria.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, had
hinted at the removal of subsidy before May 29.
In the last few years, Nigeria spent over N3.27 trillion in subsidising petrol,
equaling an average of N272 billion monthly.

Commenting on the issues, the Lead Director of the Centre for Social Justice,
CSJ, and a Financial expert, Eze Onyekpere, said Tinubu and his men would
determine if Nigeria’s economy would improve in the next four years.

Onyekpere said the economy could improve under Tinubu’s administration if
all relevant stakeholders are carried along.
Onyekpere told DAILY POST that: 
“The economic issues bedevilling the
nation, have they changed? They are still there. We have low revenue,
unemployment, inflation rate is hitting the rooftop, it’s actually all the things
we have been discussing in the past seven years, and they would need his
attention.

“At least, we must have the revenue to run the government by paying
salaries, building infrastructure, maintaining law and order, and servicing
security.

“We also have the fuel subsidy crisis, but how do you remove it without
cushioning the effect on the economy? So, we have to talk to the organised
labour and other stakeholders to determine the roadmap and what he
needs to do.

“The issue of whether the economy will improve or deteriorate is based on
Tinubu and his party men. First, Nigeria is more divided today than before
the election; even though he has been declared the winner, his team
members are still in the fighting mood.

“If they understand that they are going to form a government and need to
carry everybody along, and they do so by dousing the tension, then there
would be a chance of progress.

“If all we do everyday is to yell at each other on social media, then there is
no way we can build that consensus for us to make progress.

“If you see Nigerians going on social media to call their president a drug
baron, and there are all kinds of kidnappings going on; if you are a foreign
investor coming to Nigeria, wouldn’t you hold your money and watch what is
happening with the threats of ethnic violence. All these won’t encourage
anybody to come into the country and invest.

“So, the first thing for economic improvement is the sense of unity and
purpose, some form of national unity. The kind of belligerence being spoken
of today is clear that people have gone into their trench, and they are not
coming out.”

---

Obi, INEC Others Make Google’s Trending Searches In Q1′ 2023

The Labour Party, LP presidential candidate in the 2023 general elections, Mr. Peter Obi and Independent National Electoral Commission, INEC, were among the trending searches in Google in the first quarter of 2023.

This was according to the report released by the search engine platform yesterday.
The report says: “Peter Obi, the Labour Party presidential candidate, captured the top spot, outpacing even Bola Ahmed Tinubu, the president-elect of Nigeria. Atiku Abubakar, the People’s Democratic Party (PDP) presidential candidate, claimed the fifth position.

“The Independent National Electoral Commission (INEC) emerged as the most searched entity between January and March, with Peter Obi and the Central Bank of Nigeria (CBN) closely following. The CBN’s currency redesign prior to the elections undoubtedly contributed to its prominence.

“In the realm of music, homegrown talent took center stage as Nigerians avidly sought out the latest tunes. Spyro’s infectious hit, ‘Who is your guy?’ claimed the top spot, with Ruger’s ‘Asiwaju’ and ‘Carry me go’ by Boy Spyce and Khaidsecuring second and third places, respectively.”

It noted: “The nation’s collective curiosity was also evident in the top trending questions, which ranged from 'When is Easter 2023?’ and ‘When is WAEC 2023 starting?[/b]’ to ‘How to check my polling unit?’ and ‘Who is the President of Nigeria?’.

Unsurprisingly, the popularity of Spyro’s song sparked the question, ‘Who is your guy?’, further showcasing Nigeria’s deep-rooted love for the tune,” the report added.

https://www.vanguardngr.com/2023/04/obi-inec-others-make-googles-trending-searches-in-q1-2023/

Femi Adesina Explains Buhari’s Lopsided Appointment Of Security Chiefs

The Presidency has defended President Muhammadu Buhari’s alleged lopsided appointments of security heads.

Buhari’s spokesman, Femi Adesina, said his principal couldn’t subject the appointment of Service Chiefs, and heads of security agencies to ethnic balancing or federal character.

He explained that the appointment of security chiefs was purely the prerogative of Buhari.
Speaking on Channels Television, Adesina said: “Don’t subject security to ethnic balancing; don’t subject security to federal character.

“In fact, the constitution that prescribes federal character even gives the President some prerogatives that he can appoint on his own.

“President will always have the prerogative to appoint those he feels can help him secure the country and have the kind of country you deserve to have.”

Source;;https://dailypost.ng/2023/04/11/presidency-explains-buharis-lopsided-appointment-of-security-chiefs/

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