Headlines
Youths hold #EndSARS memorial in Lagos as Buhari signs start-up bill
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As youths converge on the Lekki tollgate in Lagos State for a commemorative walk in remembrance of the 2020 #EndSARS protest today, President Muhammadu Buhari, yesterday, signed into law the Nigerian Startups Bill 2022, aimed at putting an end to the nationwide harassment of youths carrying laptop computers, among others.
The Minister of Communications and Digital Economy, Isa Pantami, who made the disclosure while briefing newsmen in the State House, Abuja, indicated that with the new legislation, the Digital Innovation and Entrepreneurship Council will also be chaired by the President.
Police brutality and harassment of young Nigerians had, two years ago, sparked a nationwide outrage that snowballed into weeks of protest, which climaxed on October 20 into the infamous Lekki shooting. The #EndSARS protest was a public display of grievances, calling for an end to extrajudicial killings, extortion and abuse of power, especially by officers of the defunct Special Anti-Robbery Squad (SARS).
With the new development, Pantami explained that rather than the Minister lobbying law enforcement agencies to stop the act of harassment, the chairman of council only needs to give a directive, which will be obeyed promptly by those who misconstrue laptop-bearing youths for Internet fraudsters.
Recall that many young Nigerians have raised the alarm alleging harassment by security personnel for bearing laptops and were branded Internet fraudsters. The development, among others, led to the #EndSARS protest.
He said: “The main institution to address the issue is the National Digital Innovation and Entrepreneurship Council to be chaired by Mr. President. Number one mandate of the council is to listen to the challenges of our young innovators and direct relevant institutions to address the challenge. So, with that council, I believe the issue will be resolved.
“At a personal level as a minister, I have written many letters to EFCC, Police IG and the Minister of Police, they have been addressing the challenge, but not consistent. If they address it, because of our intervention, after a month or two, the issue will re-emerge, but if the President happens to be the chair of the council, he cannot lobby the way I lobby, he can only direct and that is why the council is critical to address that issue and any other challenge that may come up in the future. When the President directs, it must be implemented. And I believe the Council will do that.”
MEANWHILE, celebrities and organisers of the #EndSARS protest will hold a memorial in Lekki today to commemorate the killings, particularly youths, who were shot at, across the country on Tuesday, October 20, 2020.
The planned memorial was disclosed in a flier shared by entertainer, Folarin Falana, aka Falz the Bahd guy, on his Instagram page.
According to the flier, participants would walk and drive through the tollgate where the Nigerian army allegedly opened fire on armless protesters who were demanding an end to police brutality.
Part of the banner read: “#EndSARS Memorial 2.0 procession. In memory of those who were killed on October 20, 2022 and those we have lost to police brutality, we will walk and drive through the toll gate, blast horns, sing and chant in unison through the toll gate, while we wave our flags.”
Also, organisers and victims of protests have called for full implementation of the reports of judicial panels of inquiry set up by the state governments to probe the protests.
Ayoyinka Oni, who spoke on the theme ‘ENDSARS justice now: Justice delayed is justice denied,’ called for full compensation of victims of the protest, saying there should not be any backdoor payments.
Oni, who is leader of the TakeItBack group, said: “Our demands include free all incarcerated over #EndSARS by the state and compensate them for jailing them unjustly; adequate compensation for people wounded and families of people killed; full implementation of reports of judicial panels of inquiry; open trial of all security personnel involved in the massacre and also public apology for repression by government.”
The activists are planning to gather at Lekki tollgate, from 8:00a.m. to 11:00a.m., which was the epicenter of the #EndSARS protests. The location had youths airing their grievances day and night until they were dispersed by soldiers on the night of October 20.
The Lagos State Police Command was yet to react as at the time of filing this report. Recall that plans by youths to hold the first commemoration last year was stoutly resisted by the police as it dispersed protesters at the Lekki tollgate and Ojota Freedom Park.
Also, attempt by youths rallying support for Labour Party’s presidential candidate, Peter Obi, to stage a rally at the tollgate on Independence Day anniversary earlier this month faced some legal hurdles, as the court ruled that they can only pass through rather than congregate at the venue.
According to the flier, those who will be participating today have been warned that no political material will be tolerated at the venue of procession. While the event is slated to end by 11:00a.m., citizens are encouraged to visit the venue at any time of the day to pay their respect to the victims.
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THE Minister further disclosed that the government has set up a N10 billion Investment Fund for young innovators along with provision for incentives and tax holidays to encourage local innovators.
He disclosed that it was in recognition of the efforts of the Nigerian government in the Information Communication Technology (ICT) sector that Microsoft has decided to train about five million Nigerians on what he described as “high demands skills” aimed to facilitate job creation.
Further shedding light on the Start-up Act, 2022, the Minister noted: “First, there is going to be a Presidential Council, which has been entitled as National Digital Innovation and Entrepreneurship Council. Digital innovation and digital entrepreneurship are the two prerequisites to Digital Economy. Digital Economy has two pillars; pillar number one is Digital Innovation. Pillar number two is Digital Entrepreneurship.
“So, these are the two prerequisites to building an indigenous digital economy in providing enabling environment for our young start-ups and our young innovators.”
Pantami remarked that ICT has so far contributed 18.42 per cent to the Gross Domestic Product (GDP) this year alone, while the entire contribution of Communication and Digital Economy was 40 per cent.
Noting the contribution of the digital sector to the economy, Pantami observed that Nigeria was blessed with young innovators who were making the nation proud.
He added: “With the government policies we have in place, before assenting to the bill today, a lot has been achieved when it comes to providing the enabling environment for our young innovators.
“This law is all about how to consolidate and to provide the legal and strategic framework for the growth of the sector. For example, today in Africa, we have around seven unicorns, five of them originated from Nigeria.
“Unicorn is an ICT company, a local ICT company that has a market value of a minimum of $1 billion and all these, five of them, attained this position of unicorn during the administration of President Buhari.
“So, it is because of this that we engaged them, we identified their challenges and we came up with this Nigeria Start-up Bill, with the intention of providing the legal framework so that the sector will continue to grow and be successful.”
Headlines
Police to partner NDLEA against drug abuse in Osun
![Police arrest three suspected kidnappers in Lagos](https://accessnews.ng/wp-content/uploads/2023/06/police-43.jpg)
The Commissioner of Police in Osun, Mohammed Abba, has pledged collaboration with the National Drug Law Enforcement Agency (NDLEA) in tackling the menace of drug Abuse in the state.
A statement by the Police Public Relation Officer, CSP Yemisi Opalaola, on Thursday in Osogbo, said that the commissioner made the pledge while playing host to NDLEA State Commandant, Adetula Lawal.
Abba expressed his readiness to further strengthen the healthy partnership between the two agencies.
The police commissioner said that the fight against drug abuse required collective efforts.
According to him, many of those committing crimes are doing so under the influence of dangerous drugs.
Abba promised to provide the necessary support to the NDLEA in the state.
The statement quoted Lawal as commending the police commissioner’s efforts in combating crime and criminality in the state.
He reiterated the agency’s collaboration with the police, as a leading security agency to tackle the menace of drug abuse and trafficking in the state.
Headlines
Customs’ 4% FOB levy will further increase inflation – financial experts
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Financial experts have raised alarm that the implementation of the 4 per cent Free-On-Board (FOB) Levy on imports would exacerbate inflation in the country.
The News Agency of Nigeria (NAN) report that the Nigeria Customs Service (NCS) on Feb. 5 announced its introduction of the FOB levy on imports.
According to Abdullahi Maiwada, the spokesman of the service, the introduction of the levy was in line with the provisions of the Nigeria Customs Service Act (NCSA) 2023.
“In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4 per cent charge on the Free On-Board (FOB) value of imports.
“The FOB charge, which is calculated based on the value of imported goods, including the cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service.”
However, a former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, Dr Wale Adegbite and Evans Osabuohien, a Professor of Economics, said that the levy would worsen the nation’s inflation rate.
In separate interviews with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun, Adegbite and Osabuohien of the Department of Economics, Covenant University, said that the policy would negatively impact the economy.
The former MAN chairman said that the 4 per cent levy by the NCS “is a disaster and will worsen an already bad situation with multiple devastating effect on the economy.
” Why would the government inflict more hardship on the population as this new policy will certainly lead to more price increase, thus further increasing the country’s inflation rate.
“In addition, the masses will suffer more because of the impending price increase without any corresponding increase in income.”
Also, Osabuohien said that though the new FOB policy by the NCS was meant to generate more revenue for the federal government, but it would negatively impact on the economy.
He said that the NCS action would increase the cost of living of households.
The economist explained further that the development would increase the cost of operations of Small Medium Enterprises (SMEs), especially those companies that depend on imported raw materials for their production.
“This additional cost to be incurred through the 4 per cent increase in FOB would be transferred to the consumers and it would automatically trigger increase in the nation’s inflation rate,” Osabuohien said.
Foreign
Trump plans 25% tariffs on steel, aluminium imports
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U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminium imports into the United States, he said on Sunday.
“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on aluminium imports, Trump replied, “25 Per cent for both.”
Trump also confirmed his plan to announce further reciprocal tariffs in the coming week.
He spoke of an announcement on Tuesday or Wednesday.
“Very simply, if they charge us, we charge them, Trump told reporters, adding that the tariffs would go into effect almost immediately.”
U.S. tariffs of 10 per cent on Chinese goods took effect from Feb. 4.
The planned tariffs of 25 per cent on Mexico and Canada were suspended for an initial period of 30 days following promises from the two countries to increase border security measures.
Trump won November’s presidential election promising to slap high tariffs on foreign goods to reduce U.S. trade deficits.
He implemented a number of duties during his first term from 2017 to 2021.
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