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Kwara State Governor, Dr Abdulfatah Ahmed yesterday flagged off Kwara State University (KWASU) Postgraduate School, incorporating the School of Business and Governance in Ilorin with a commitment to developing education at the foundational, secondary and tertiary levels.

At the event held at the Old Tate and Lyle Premises, Ajase-ipo road in Ilorin, Governor Ahmed said his administration had always prioritised human capital development, especially functional education, as an indispensable ingredient of sustainable development.

According to the governor, the establishment of the Post Graduate School is in keeping with the government’s resolve to produce quality, skilled and entrepreneurially inclined scholars needed to spearhead a new crop of intellectually sound future leaders.

Governor Ahmed said the university had accomplished much from inception eight years ago with the most recent of which is its ranking among the top twenty universities in the country.

“Much as the University has achieved a lot under its current structure, fulfilling the original multi-campus status envisaged by the government remains a top priority for my administration.

Indeed, the construction of this campus is the second fresh project we are funding under IFK. The first project is the ongoing Diamond Underpass, which is the first of its kind in this part of the country.

To those who question the utilization of IGR, therefore, I offer this Campus as well as other new and ongoing high value projects as the obvious answer and reason why tax payment is expedient,” Governor Ahmed said.

Also speaking, the Vice Chancellor, Kwara State University, Professor Abdulrasheed Na’Allah said the ground breaking was a foundation of outstanding investment in KWASU as well as improving the institution’s quest for world class learning and research.

Professor Na’Allah said the citing of the School outside the campus would create avenue for town and gown to interact.

Earlier in her remarks, the State Commissioner for Tertiary Education, Science and Technology, Hajia Aminah Ahmed disclosed that the project would be completed within four months with contract sum of four hundred and fifty million naira.

Hajia Ahmed explained that the establishment of the Post Graduate School was in confirmation of the present administration’s commitment to encourage scholarship and wider enrollment to those seeking opportunity to educate themselves.

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BIG STORY

BON Awards Hosts Memorable Book Reading Of Do As You’re Told Baji

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On November 24th, 2024, the Best of Nollywood (BON) Awards organized a captivating book reading of Do As You’re Told, Baji, authored by the renowned writer Lola Shoneyin. The event, held at 11 a.m. in Kwara State, celebrated the power of storytelling and the importance of fostering a culture of reading among families.

Among the distinguished attendees were the First Lady of Kwara State, Ambassador Olufolake AbdulRazaq, alongside notable figures such as Wole Ojo, Cynthia Clarke, Chioma Okafor, Segun Arinze, and Kemi Adekomi, who added prestige and insight to the event.

In her remarks, Ambassador Olufolake AbdulRazaq highlighted the vital role of parents in fostering a love for reading among children. “Parents should cultivate the habit of reading with their children,” she said. “It’s not just about education—it’s about creating lasting memories and strengthening family bonds.”

The reading of Do As You’re Told, Baji showcased Lola Shoneyin’s vibrant and relatable storytelling, leaving participants inspired to embrace literature as a means of cultural and personal enrichment. The event also featured engaging discussions about the book’s themes, celebrating the depth and diversity of Nigerian literature.

This initiative reinforces the BON Awards’ dedication to promoting the arts, literacy, and the celebration of Nigerian creative talents.

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BIG STORY

Nigeria Has Saved $20bn From Subsidy Removal, Naira Float Policies — Finance Minister Edun

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Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from “petrol” subsidy removal and market-based pricing of the foreign exchange rate.

Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.

“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on “PMS”; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.

“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”

Edun said these flows now return into the government’s coffers for further deployment to the aforementioned sectors.

“The real change that has happened with the measures of Mr. President is that nobody can wake up and their target for the day or for the week or the month or the year is to get access to cheap funding, cheap funding exchange from central bank, which they can now flip,” Edun said.

“And overnight, they become wealthy from no value added for doing virtually nothing, except you know the right people. Similarly, they can no longer try and be part of a new peak market and very inefficient “petrol” subsidy regime as a way of making money overnight.”

On May 29, President Bola Tinubu said the “petrol” subsidy regime was over.

Three months later, TheCable reported that Tinubu was considering a “temporary subsidy” on “petrol” as crude oil prices and foreign exchange rates soared.

After several denials of the return of “petrol” subsidy by the authorities, the Nigerian National Petroleum Company (NNPC) Limited, on August 19, said the federal government owes it N7.8 trillion for under-recovery.

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BIG STORY

Dangote Refinery Reduces Ex-Depot Price Of Petrol To N970 For Oil Marketers

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The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as “petrol”, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of “petrol” bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.”

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

On November 11, the Independent Petroleum Marketers Association of Nigeria (IPMAN) reached an agreement with the refinery to lift “petrol” and “diesel” directly.

Abubakar Garima, national president of IPMAN, said the partnership would ensure a steady, affordable supply of “PMS” products nationwide.

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