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Tears of Joy as Ex-Tomatoes seller becomes Best Graduating Student in Redeemers University

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It was Ifeoluwa Bejide’s day at the filled auditorium, during the 9th Convocation ceremony of Redeemer University, Ede in Osun state few days ago. Present was the Visitor of the university Pastor Enoch A. Adeboye, his wife Mummy GO of the Redeemed Christian Church of God, the Chancellor and Vice Chancellor, the principal officers of Redeemer university, honorary awardees amongst them the elderly Statesman General T.Y Danjuma, boardroom guru Mr. Felix Ohiwerei, the Deputy Governor of Osun state, other dignitaries, the press, parents, guardians, students and friends of the university.

 

It was at this ivory tower special occasion, that Ifeoluwa Bejide was announced the Best Overall Student of the year 2016-2017. She graduated with a record feat of 4.93 score in Bsc Hons Micro biology. An uproar went up in the auditorium as she walked up to the podium to deliver a short speech and also for a handshake with the dignitaries and collection of her various prizes including cash.

 

It would’ve been just another celebration of success, but the journey to that celebrated height came with a moving story. One that brought tears to the eyes of many in the auditorium, even as her mother came out of the sitting audience to roll on the floor in her dainty apparel, in honour of God’s goodness in her life and that of her children.

 

20 year old Ifeoluwa confessed she had sold pepper, tomatoes and swept the classes of Redeemer University all the 4 years of her stay in the campus, along with her mom, to ensure she sailed through her study programme. Even a day before the graduation ceremony, Ifeolowa, in the company of her mom, had attended to this same sweeping duty on campus.

 

Being raised by a single mom with another sister, Ifeolowa persevered through their low state of income to achieve the academic feat. Many cleaned away the tear stains on their eyes because ironically, Redeemer University, a private university is meant more for the rich and the affluent who were also seated in the auditorium that day.

 
Asked how her daughters educational journey had been, Ifeoluwa’s mom replied, “It has been rough but God made us to weather the storm to this point. She confirmed that Ifeoluwa had always been brilliant, a source she attributes to a prophecy made by a man of God. “We used to live in Akure at a time. An evangelist/prophet came around then and singled her out for prayer. He told her ‘go and be the head wherever you find yourself.’ And so in her primary school she became the overall student. At the Redeemer Secondary School, she was the best graduating student too. That increased my faith that when God says something, it is bound to happen.”

Also asked where Ifeoluwa’s dad was due to his absence on such a special day, Ifeoluwa’s mom simply replied, “Well, he is not around, and hasn’t been around.”

But for the future, she would love to see her daughter “continue with her education because she is still young and has time to study and become someone in life and then take away the broom from me. Even as at yesterday, we were there in the classrooms, sweeping together.

 

She went on to reveal how she luckily got the sweeping contract with the university, which ensured Ifeoluwa’s hope of eventually getting a university education.

 

“I used to work as a secretary at the Redeemer University when it was located at the Redeemed Camp in Mowe. But there was a time when the university was over-staffed and there was the need to down size. Moreover, there was the plan then to move to Ede in Osun state and all the staff could not be taken. I was affected. But because God is faithful and I had a good record, I was allowed to get a sweeping contract with the university after the movement to Ede. We are about seven contractors.”

 

Does it mean that Ifeoluwa Opeyemi was attending lectures and at the same time sweeping the classrooms of same university she was attending? “Yes, confirmed her mom again, “but it was only when she was not having classes. Also, she was helping out on Saturdays. I had joy in doing my job because the children I’m doing it for, appreciates it and appreciates me. It doesn’t matter what any other person thinks.”

 

And where did Ifeoluwa’s spoken good English originate from? The mom had a ready answer. “No matter how poor I have been, I have always valued giving my children good education. So right from early age, I placed them in good schools where I knew they will be well taught. Back at Redeemer Secondary School, I owed school fees from time to time because; my salary was not carrying us. Sometimes Ifeoluwa didn’t have food to eat during break time. At such times, she used to come to my office, I would hide her under my table, buy groundnut and soak gari for her. When she finishes that, she would then run back to the classroom. So most often it is what we have that we ate. Today, I thank God that He had never made me regret putting them in good schools. It has been a good investment. Her foundation has been solid. By God’s grace her future will be good ad she will know God more and get married when the time comes.”

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Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

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Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

In a bid to ease financial burdens during the holiday season, Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N899.50 per litre. This follows a previous price cut to N970 per litre on November 24. The move is aimed at reducing transportation costs for Nigerians as they prepare for festive celebrations.

Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, disclosed the development in a statement, highlighting additional benefits for consumers. Beyond the price reduction, the refinery is introducing a special credit offer. For every litre of PMS purchased on a cash basis, consumers can buy an additional litre on credit, supported by a bank guarantee from Access Bank, First Bank, or Zenith Bank.

“To help reduce transport expenses this holiday season, we’re offering PMS at N899.50 per litre and providing a credit option for additional purchases. This is part of our commitment to making high-quality petroleum products accessible to Nigerians,” Chiejina said.

The refinery also reaffirmed its commitment to providing premium-quality, environmentally-friendly fuel, while ending Nigeria’s dependence on substandard imported products.

With a capacity of 650,000 barrels per day, the Dangote Refinery is the largest single-train refinery in the world, capable of meeting Nigeria’s entire refined petroleum product demand and generating surplus for export. As the festive season approaches, the company expressed gratitude to Nigerians for their support and pledged continued efforts to ease their economic burdens.

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Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

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General Buratai Urges Dangote Not To Succumb To Marketers Blackmail, Reveals Why

Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

We have received numerous inquiries from the media and concerned stakeholders seeking clarification regarding a recent report attributed to the Nigerian National Petroleum Company Limited (NNPCL). The report suggested that NNPCL’s decision to secure a $1 billion loan backed by its crude was instrumental in supporting the Dangote Refinery during liquidity challenges.

Setting the Record Straight: Clarifying NNPCL's Role in the Dangote Refinery Investment

We wish to categorically state that this narrative is a misrepresentation of the facts. The $1 billion referenced constitutes just about 5% of the total investment in building the Dangote Refinery.

Our partnership with NNPCL was established based on their strategic importance as the largest offtaker of Nigerian crude and, at the time, the sole supplier of gasoline into Nigeria. As part of this agreement, a 20% stake in the refinery was valued at $2.76 billion. Of this amount, NNPCL agreed to pay $1 billion upfront, while the remaining balance was structured to be recovered over five years through crude oil supply deductions and dividends.

If we had been facing liquidity challenges, such generous credit terms would not have been feasible. At the time of the agreement in 2021, the refinery was still in its pre-commissioning phase. Any claims suggesting financial struggles are inconsistent with the structure and nature of this agreement.

Regrettably, NNPCL was unable to meet its commitment to supply the agreed 300,000 barrels per day of crude oil due to pre-existing financial commitments tied to their crude cargoes. Given this, we extended a 12-month period for NNPCL to pay cash for the balance of their equity. However, they were unable to meet the deadline, which expired on June 30, 2024. Consequently, NNPCL’s equity stake in the refinery was adjusted to 7.24%.

It is therefore inaccurate to claim that NNPCL facilitated a $1 billion investment amid liquidity challenges. Their $1 billion investment secured a 7.24% ownership stake in the Dangote Refinery, a strategic partnership beneficial to their interests.

NNPCL remains a valued partner, and we urge all stakeholders to adhere to the facts and provide accurate information to ensure proper media representation for the benefit of all stakeholders and the public.

Anthony Chiejina
Group Chief Branding and Communications Officer
18th December, 2024

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MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

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MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

 

MTN Nigeria, the nation’s largest telecom company, pays over N200 billion in Value Added Tax (VAT) monthly, making it the single biggest contributor to the country’s VAT revenue, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee.

Speaking at Channels Television’s Town Hall on Tax Reforms, Oyedele highlighted significant disparities in the current VAT allocation system, revealing that all VAT paid by MTN is credited solely to Lagos State, where the company’s headquarters is located, despite the fact that services generating this revenue are consumed nationwide.

“MTN is the largest contributor to VAT in Nigeria,” Oyedele stated. “They pay over N200bn every month, and the gap between them and the second-largest contributor is massive. However, all this VAT is currently allocated to Lagos, even as calls are made across states like Kano, the FCT, Ekiti, Edo, and Kebbi.”

As part of the ongoing tax reform efforts, the committee has proposed a new framework to ensure equitable distribution of VAT revenues based on consumption rather than the corporate headquarters’ location.

Under the proposed redistribution model, Lagos State, which now retains the full N200bn from MTN, would see its share reduced to around 20 per cent. The remaining revenue would be distributed more fairly among other states where the services are consumed.

“This adjustment ensures states where VAT is generated get their fair share,” Oyedele explained. “While Lagos State’s share decreases slightly, every other state stands to gain under the new system.”

The tax reform bill, designed to address inefficiencies and promote fairness in Nigeria’s fiscal policies, has sparked debate among stakeholders. Critics have accused the committee of advancing policies that may negatively impact certain regions.

Oyedele, however, dismissed these claims, arguing that the current system is flawed and in need of urgent correction. “If something is being done wrongly, how can Lagos State or anyone oppose reforms aimed at fixing it?” he questioned.

The proposed reforms, which include provisions for revenue redistribution and efficiency improvements, are seen as pivotal to ensuring fairness and sustainability in Nigeria’s tax system.

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