Author: New Daily Prime

By Alade Adisa New graduates of the University of Lagos, UNILAG, are to pay higher fees to be members of the Alumni Association of the university. The alumni fee is part of the regime of fees fresh graduates will pay before convocation. The 55th convocation ceremony of the university is scheduled for January next year. The alumni registration fees for graduates of various programmes are as follows: First degree and diploma programmes graduate will now pay N5,000 each from the previous N2,000. READ ALSO: Sanwo-Olu sues EFCC over arrest threats Postgraduate programmes graduates to pay N7,500 instead of the former…

Sanwo-Olu needs extra N560m monthly to meet workers’ demand By Alade Adisa The ongoing industrial action by workers at the Lagos State University, LASU, Ojo, may not end soon, as the state government requires additional N560 million monthly to meet the demand by the workers for enhanced salaries. Investigation by New Daily Prime showed that the state government is in dilemma of how to meet the additional expenditure without asking the management of the school to raise fees or levies. Also, the state government, which is thinking of turning the College of Medicine of the university in Ikeja to a…

By Alade Adisa The National Association of Proprietors of Private Schools, NAPPS, is now factionalised, as the issue of who controls resources at its disposal has led to members pitching tents with different leaders. NAPPS, which has over 40,000 members across the country, is also divided over allegation of sit-tight syndrome levelled against some leaders. New Daily Prime learned that a group, led by Mijinyawa Said and Samira Jibril is alleging that the tenure of Chief Yomi Otubela as the National President has ended and that a new set of leaders has been elected. However, Otubela is claiming that he…

Nigeria, alongside several African nations, is moving forward with plans to establish a continental credit rating agency aimed at counterbalancing the perceived bias of Western credit rating agencies towards the continent. The announcement was made on Tuesday, December 17, during the launch of the Debt Management Forum for Africa and the inaugural Policy Dialogue on Making Debt Work for Africa: Policies, Practices and Options, organised by the African Development Bank (AfDB) in Abuja. Currently, the world’s top three credit rating agencies—S&P Global Ratings, Fitch Ratings, and Moody’s—dominate the global ratings landscape. However, African leaders argue that these agencies often reflect…

In a significant development for Nigeria’s tax revenue, foreign companies operating in the country, including tech giants such as Google, Netflix, and Facebook, have remitted a total of N3.85 trillion in taxes to the Federal Government in the first nine months of 2024. This represents an impressive 68.12 per cent increase from the N2.29 trillion collected in the same period in 2023. The revenue, which includes Company Income Tax (CIT) and Value Added Tax (VAT), was revealed in a report issued by the National Bureau of Statistics on Tuesday. According to the data, tax collections surged steadily throughout the year.…

Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has revealed that MTN Nigeria is the largest contributor to the nation’s Value Added Tax (VAT) pool, paying over N200 billion every month. This makes the telecommunications giant the single biggest contributor to the country’s VAT revenue, with a significant gap between it and the second-largest contributor. Oyedele shared this information during a recent appearance as a panellist on Channels Television’s Town Hall on Tax Reforms. He also took the opportunity to highlight disparities in the current VAT distribution system and discussed ongoing reforms designed to address these…

Government workers in Oyo State will begin receiving the newly agreed N80,000 minimum wage from January 2025. The announcement was made on Tuesday, December 17, by the Commissioner for Information and Orientation, Prince Dotun Oyelade, following the successful conclusion of discussions between the state government and organised labour. According to the statement, the Oyo State government and labour unions reached a consensus on the new wage structure, which includes consequential adjustments. The agreement was signed by the Secretary to the State Government, Prof. Olanike Adeyemo, and the Head of Service, Mrs. Olubunmi Oni, representing the government. Kayode Martins of the…

The Lagos State Building Control Agency (LASBCA) has strongly refuted claims of illegal eviction of tenants in buildings found to be in violation of the state’s planning laws. The agency made this clarification in a statement issued on Tuesday, following accusations from tenants at 118, Apapa Road, Ebute-Metta (West), who have taken legal action against LASBCA. In the statement, LASBCA’s General Manager, Gbolahan Oki, emphasised that the agency operates strictly within the legal framework outlined by the Lagos State Urban and Regional Planning and Development Law, 2019. He responded to the tenants’ allegations, which included accusations that LASBCA had sent…

The Arewa Consultative Forum (ACF) has expressed its approval of the Federal Government’s decision to rename the University of Abuja after General Yakubu Gowon (retd.), Nigeria’s former Head of State and Commander-in-Chief of the Armed Forces. In a statement issued in Kaduna on Tuesday, the ACF’s National Publicity Secretary, Professor Tukur Muhammad-Baba, lauded the honour bestowed upon General Gowon. He described him as “a nationalist of exceptional stature, an icon of Nigeria’s struggles for national unity, a man of great humility, a symbol of military professionalism, and a revered hero who gave his all to keep Nigeria united.” “The Arewa…

The National Bureau of Statistics (NBS) has revealed that Nigerians paid a staggering N2.23 trillion as ransom over a 12-month period between May 2023 and April 2024. This amount was paid by households affected by kidnapping incidents, underscoring the increasing threat posed by criminal activities across the country. The NBS’s latest Crime Experience and Security Perception Survey report shows that a total of 51.89 million crime incidents were recorded across Nigerian households during the reference period. The North-West region reported the highest number of crimes, with 14.4 million cases, followed by the North-Central region with 8.8 million incidents. In contrast,…