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Rising cost of Living Worries Parents as Schools Resume

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Nigerian parents are complaining as they grapple with rising costs of tuition, transportation, and basic goods that have put pressure on household budgets as schools resume on Sept. 9.In an interview on Sunday, some parents expressed their frustration as they prepare for the new academic session amid economic hardship.

Mr Chimuze Eze, a banker, said that last year’s increase in school-related expenses had continued this year, worsening the situation.
“Last year, we experienced an increase in school fees; transportation to schools was almost doubled. Now, we are also faced with the same challenge.“The recent increase in the price of petrol will impact on transportation, and just like every other thing, there is a ripple effect.
”It is going to affect food prices, tuition fees, everything will go up,” Eze said.According to him, in the next few days, when students and pupils are going back to school, it will be a really tough time for parents.“To be honest, we are not looking forward to those tough days. We just hope that something happens urgently,” he said. Jessica Nana, a mother of two, decried the high cost of preparing her children for school.“Things are very hard. My children are going to resume school next week, and I cannot boast of getting everything they need,” she said.Nana noted that the cost of school fees and transportation had surged, making it harder for parents to cope.“The bus fare is now very high. We are hoping that the price of things will come down. If not, it is going to affect school resumption because everything has tripled.”We are praying and hoping that things will get better,” she said.Mr Joseph Okoh, a businessman, said that he had to move his children to a cheaper school that was affordable for him.”I have to take this decision so that I can meet up with other essentials of life that have also doubled.“The cost of transportation and feeding alone is high. It is almost impossible to provide proper meals these days.”Things are more expensive than before, and I only hope that things will get better soon,” Okoh said.Mrs Funmilayo Ade, a resident of Nyanya, said that the financial burden on parents was now more pronounced.“It has been hard for us because no matter how much we save, it is never enough.”We are hoping to get enough money to buy necessary things for schools’ resumption and then another increase in fuel price which further worsened the situation,” she said.Ade appealed to the Federal Government to look into the fuel price, which had multiplier effect on the economy, and act on it to save Nigerians.(NAN)

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Customs Intercept Contraband Worth N510.92m in Two Conths

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The Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV) of N510.92 million between July 15th and September 15th, 2024.The zone covers the six states in the South-South geopolitical zone and the five states in the Southeast geopolitical zone.

This is contained in a statement signed by Jerry Attah, Public Relations Officer, NCS, Zone C, and made available to journalists on Wednesday.
According to the statement, Comptroller Michael Ugbagu, NCS, Zone C, gave the statistics while showcasing the seized contraband to relevant regulatory agencies at the Government Warehouse in Edo.Ugbagu said that the zone also recovered the sum of N25.
57 million from demand notices raised based on some infractions noticed, making a cumulative sum of N536.49 million recorded within the months under review.“The DPV was derived from our seized goods, which include 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without an NAFDAC number.“1,015 sacks of dry donkey meat and skin, 75 jumbo bales of second-hand clothing, 463 cartons of foreign spaghetti, 269 pieces of used pneumatic tires, and 56 cartons of smuggled foreign tomato paste.“More worrisome is the interception of 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without NAFDAC registration numbers.”He noted that the cough syrup with codeine and tramadol without NAFDAC registration numbers, if not intercepted, could have had adverse effects on youths.He added that the items were mostly intercepted along the Ewu-Okada/Benin expressways based on credible intelligence. (NAN)

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APC Forum Decries Deplorable Condition of Federal Roads

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The Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in Nigeria. Alhaji Saleh Zazzaga, the North-Central Chairman of the forum, said this in an interaction with newsmen on Wednesday in Jos. Zazzaga described some of the federal roads as ”death traps”, particularly those within the north-central region.

He said that some of the deplorable roads in the region include Jos-Akwanga, Makurdi-Oturkpo-Otukpa, Makurdi-Ankpa, and Jos-Saminaka.
Other roads that needed urgent attention, he said, included Suleja-Minna, Ejule-Otukpa, Ganawuri-Manchok, Lokoja-Abuja, Lapai-Agaie-Bida, Birnin-Gwari-Bokani-Mokwa, Minna-Zungeru-Tegina-Kontagora.
”Currently, the north-central region has the most deplorable roads and highways in the country. ”These deplorable roads have brought severe hardship on the people and lost lives and property through preventable road traffic crashes. ”We call on President Bola Tinubu to intervene and ensure the rehabilitation of these roads because good roads are vital enablers of development,” he said. The chairman also called on governors of states within the region to reconstruct the dilapidated roads and seek refunds from the federal government. ”Though these are largely federal roads, they are located within states, and the beneficiaries are the people of these states. ”So we call on state governments to reconstruct these roads and seek refunds from the federal government,” he added. (NAN

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Yuan Strengthens 7. 087 Against Dollar

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.This is according to the China Foreign Exchange Trade System.In China’s spot foreigners exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)

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