₦airaland Forum

Nigeria’s Finance Minister, Adebayo Olawale Edun, has attributed the naira’s incessant decline to approximately $6.8 billion in overdue forward payments within the foreign exchange market, according to Bloomberg.

He insists that addressing this issue is crucial for stabilizing the local currency.

He clarified that the resolution of these unpaid contracts could fortify the naira’s value and open avenues for additional foreign exchange inflow.

Over the course of several months, the Nigerian naira has been on a consistent downward trajectory in terms of its value.

In the currency exchange parallel market yesterday, it neared the threshold of 1000 naira per US dollar.

This depreciation can be attributed to the insufficient supply of dollars by the central bank to this particular market.

Eniitankorede:
Shut up!!! Call Obi to answer why he refused to supply his degree certificate to INEC. Wailers will never prosper!!!

Redoil:
Lagos state is generating 400 billion naira monthly and you want to go and fight yourself in CDA abi CDC meeting

gaby:
You spoil my water pump come dey insult me join.

You must not come close to my house or else. And your mum is leaving at the end of her current lease.

You think say na the way una dey come here dey insult una papa agemates without any repercussion na so e be for real life.

I must deal with you...

Make nobody beg me for here oh...

DevilishMan:
OP drop location make I join you.
I'm ready for anything.

I need to keep myself occupied this trying period.

A section of the road linking the Ikotun roundabout to Ejigbo and other neighbouring communities in Lagos State has collapsed.

PUNCH Metro learnt that the road just by a canal caved in after the downpour on Saturday, September 16.

The damage had since left motorists plying the route in palpable fear over an imminent accident resulting from a total collapse of the section.

Our correspondent who visited the community on Tuesday discovered that the extent of the damage had left the road almost impassable.

Motorists plying the route were seen filing into a single lane as they alternated the only space left after the damage.

A resident, who identified himself simply as Ayoola, said, “The road was in a better shape before the erosion from the canal started to damage it. The damage has been going on for years.

“Besides, the roads lacked proper maintenance since they were built on the canal. It also would not have got to this level if the maintenance was carried out. So, the more we entered the rainy season, the more it got damaged and that was what led to the collapse.”

Another resident, Idowu Sanusi, alleged that the road had been left unattended despite a series of complaints made to the government both at the local and state levels.

It was gathered that the collapsed road had been causing gridlock in the community, especially during the morning rush.

When contacted, the Director of Media and Publicity Lagos Ministry of Works, Shina Odunuga, denied knowledge of the situation.

He said, “I don’t know about it and I cannot respond to you on the phone.”

Philipmaxwell:
You really believe this? You can make a point, without making outlandish claims

MS247:
So what exactly is this achievements I don't seem to get and what has it amounted to

Is Tinubu still not your President, controlling policies directly affecting your life and that of Bitter Obi

ivandragon:
Hope the documents would not be heavily redacted...

proeast:
I don't blame those frustrated witchcraft skull miners mentioning Igbo, I actually blame Igbos on that thread that couldn't respond in equal measure.

HeadlessMob:
And when are we getting gangs of Anambra or Nnewi? Just continue to deceive yourself. The same people that believed Buhari was dead and cloned using one Jibrin from Sudan are the same people so stupid to believe lies from Rufai, Ojy and their likes. What a shame!

Permanent Secretary,
Lagos State Ministry of Education,
Obafemi Awolowo Way,
Alausa , Ikeja.

RE: INVITATION TO ATTEND A 1 DAY TRAINING ON MANAGEMENT OF CLASS ATTENDANCE REGISTER FOR REGISTRATION OF CANDIDATES FOR MAY - JUNE 2024 WASSCE.

The above letter authored by one Mr Adeyemi Adebayo, Director, Basic Education Services in the Lagos State Government Ministry of Education is indeed a serious embarrassment to the body of National Association of Proprietors of Private Schools, Lagos State and should not be allowed to go without condemnation and criticism it deserves.

In the said letter with reference number MED/BES/S.2149/VOL11/201 dated September 11, 2023, Mr Adebayo took Proprietors of Private Schools to the cleaners that private schools used non- standard records in filling their attendance register last year hence they must attend a one day training at a cost of N10,000:00 just to be taught how to mark attendance register.!!! This is what many have been doing for decades without fail. What an insult? What an infra-dig?

Must Lagos State Government Ministry of Education look for any mundane reason to extort money from Private Schools at all costs?.

What happens to all the Hundreds of millions of Naira that Private School owners pay as Annual Dues, Pre Approval Permit and so on year in and year out.?

I think whoever gave the directives to Mr Adebayo as he claimed is suffering from delusion grandeur that free money is still available in private schools.

Many Private Primary and Secondary Schools could not open for the new academic session having weighed the pros and cons and have thrown their staff into unemployment markets and they too jobless yet some people are not in tune with what is happening to the people under their guards.

Mr Adebayo's age long saying of Owo wa lowo Private School should cease forthwith and he should see his new position as one where he and his colleagues should find avenues of helping the trapped schools to come out of the doldrums where they are and not ride a willing horse to death because incomes through Private Schools Annual Dues, Permit Dues etc etc will stop if the schools are milked to death.

There is nothing better for the Ministry other than the immediate withdrawal of the insensitive circular because there's an adage in Yoruba that says Orisa bi o le gbemi, semi bi oti bami i.e If the deity cannot improve my lot, leave me as l am. Don't add to my miseries.

Things are really bad for school owners and that is not a hidden fact. Why must we behave like the proverbial scabbard that continue to destroy its own house thinking it is destroying others.

If it is that easy to run a school why did the government increase fees in Model Colleges by over 200% last year? Why are the Federal and State governments increasing fees in tertiary institutions for returning and new students across the nation.?

If l may ask, does it mean that Lagos State Ministry of Education cannot organize a one day seminar on the marking of attendance register for teachers if they feel it is necessary without asking for money or do they need a Consultant to do that, after all, many officers are just warming their seats and collecting free salaries.

The relationship between Private Schools and Government should not be a Master-Servant relationship as the circular portrays. Part of the circular portrays school owners as dunces but many are former Directors in the Education and other Ministries while others are top-notch officers and captain of industries.


[b]Mutual relationship should not only be seen during Election years when we are treated like Kings and Queens in order to get our votes.[/b]

In conclusion, it is expedient that the circular be withdrawn and a more positive approach be taken if the government feel inclined to correct any error if any exists in order not to start the Academic Session with chaos and anarchy.

Please accept my warmest greetings as l pray that the Right decision is taken.


PRINCE SAKIRU ADESINA RAJI.
Secretary, Board of Trustees, National Association of Proprietors of Private Schools, NAPPS Nigeria.

dkidd:
Ur welcome... It never gets old

dkidd:
I still prefer Van Wilder back then